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Land Commissioner Baca Files Voluntary Bankruptcy Petition SANTA FE, N. M., May 11.—Closing of the First National Bank of Magdalena and accommodations to friends are said to be chiefly responsible for the financial difficulties of Justiniano Baca, state land commissioner, who filed in federal court here today a petition in voluntary bankruptcy, giving his liabilities as $17,125.50, and assets as $11,075, including $2,000 exemption allowed by law. The First National of Magdalena, according to Baca's statement, holds a $9,500 balance of two notes two years old, secured by a mortgage on his home in Magdalena, and other property valued at $8,000. The following creditors are listed with unsecured claims of $100 or over: Becker Mactavish company, Magdalena, $120; Barnabel Chaves estate, Magdalena, $200; Melquiades Aragon, Aragon, $500; E. G. Garcia company, Albuquerque, $1,200; Jone Salome, Magdalena, $1,700; Sisters of Loretto, Las Cruces, $325; Ranch Supply company, Magdalena, $125; El Paso Morning Times, note, $200; First National Bank, Santa Fe, note, $450; George Hunker, East Las Vegas, note, $500. Listed under "liabilities on notes or bills discounted which ought to be paid by the drawers, makers, creditors or endorsers," is the Raleigh Medicine company. This liability arises on a written guarantee made by the petitioner for the fidelity of one, Abel Jaramillo, who was agent for said company and who has now left the state and is claimed to be in default. Suit has been brought against petitioner on this undertaking, but petitioner does not know whether judgment has been entered or not, $1,190. It is also set forth that Baca is accommodation endorser on note of M. L. Garcia of Magdalena, now past due, in the sum of $300.
