New Mexico State Treasurer

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The great seal of New Mexico

The New Mexico State Treasurer is one of the constitutional offices of the State of New Mexico . The incumbent acts as the chief banker of New Mexico.

The office was created in 1912 with a five-year term. The incumbent is elected by the eligible population of New Mexico. At the elections in 1916, the term of office was reduced to two years with the possibility of one re-election. The term of office was then extended to four years for the elections in 1970. Re-election was not possible. Another change was made for the 1990 elections. The term of office remained at four years. For this, the possibility of a one-time re-election was granted.

The incumbent New Mexico State Treasurer is Tim Eichenberg , who took up his post on January 1, 2015.

List of New Mexico State Treasurers

# State Treasurer Term of office Party affiliation
1 Owen N. Marron 1912-1916 democrat
2 HL Hall 1917-1918 democrat
3 Charles U. Strong 1919-1922 republican
4th OA Matson 1922 republican
5 John W. Corbin 1923 democrat
6th Warren R. Graham Sr. 1923-1928 democrat
7th Emerson Watts 1929-1930 republican
8th Warren R. Graham Sr. 1931-1933 democrat
9 Clinton P. Anderson 1933-1934 democrat
10 James J. Connelly 1935-1938 democrat
11 Rex French 1939-1942 democrat
12 Guy Shepard 1943-1946 democrat
13 HR Rodgers 1947-1950 democrat
14th RH Grissom 1951-1954 democrat
15th Joseph B. Grant 1955-1958 democrat
16 Joe Callaway 1959-1962 democrat
17th Joseph B. Grant 1963-1966 democrat
18th HE Thomas junior 1967 republican
19th Merrill B. Johns Junior 1968 republican
20th Jesse D. Kornegay 1969-1974 democrat
21st Edward M. Murphy 1975-1988 democrat
22nd Jan Alan Hartkey 1979-1982 democrat
23 Earl E. Hartley 1983-1985 democrat
24 James B. Lewis 1986-1990 democrat
25th David W. King 1991-1994 democrat
26th Michael A. Montoya 1995-2002 democrat
27 Robert E. Vigil 2003-2005 democrat
28 Douglas M. Brown 2005-2006 republican
29 James B. Lewis 2006-2014 democrat
30th Tim Eichenberg since 2015 democrat

History of corruption

Several cases of corruption have occurred in the Office of New Mexico State Treasurer over the past few decades:

  • In 1975, former Democratic State Treasurer Jesse D. Kornegay pleaded guilty to perjury charges and served his time in federal prison .
  • In December 1984, State Investment Officer Phillip Troutmanm and Deputy State Treasurer Ken Johnson were arrested. You were found guilty of extortion on charges of dating in 1985. Both told a New York bank that government funds would not be invested there unless the bank made a political donation. Both were sentenced to two years in prison and fined $ 5,000 each. The Governor of New Mexico Toney Anaya appointed James B. Lewis as the successor to Johnson.
  • In 1985, Democratic State Treasurer Earl Hartley pleaded guilty to the criminal offenses in the Office. Hartley embezzled more than $ 4,000  from the Western State Treasurers Association . The court ordered him to repay the money, including a $ 1,000 fine. The Democratic Governor of New Mexico Toney Anaya pardoned him in 1986. Even after pleading guilty, Hartley insisted that he had committed no crime.
  • Democratic State Treasurer David W. King testified as the main witness against former State Treasurer Division Manager Joseph O. Garcia, who was fired by King in 1993. Garia was charged with bribing an official after allegedly offering King money to agree to an Arizona company investment plan. The trial ended in an acquittal for Garcia.
  • Former Democratic State Treasurer Michael A. Montoya pleaded guilty to federal extortion charges in 2005 and racketeering in 2007 . Montoya was sentenced to four years in prison.
  • In 2006 a jury found former Democratic State Treasurer Robert E. Vigil guilty of attempted extortion but acquitted him of 23 other extortions and racketeering. Vigil was a protégé of Michael A. Montoya. He spent two years and two months in federal prison. New Mexico Democratic Governor Bill Richardson named Republican Douglas M. Brown to replace him when Vigil resigned in December 2005.

literature

Individual evidence

  1. ↑ a b Colleen sheild: Treasurer's Office has a Corrupt Past , Albuquerque Journal, October 30, 2005
  2. ↑ a b c d e Officials behaving badly: A look back at the misdeeds of New Mexico public officials , The Santa Fe New Mexican, December 16, 2015

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