Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1882-02-15
THE DECISION.
How the Result was Received In
the CIty---The Funding Board
and Their Contract for the New
Bonds.
Nashville World. Isl

Nashville World, 49,
The excitement over the decision of
the 1908 case by the Supreme Court
Saturday in favor or right and justice,
Of the people, and of the sentiments
Of the public in general, was unbound
Cd. People of all classes carried the
news rapidly from the capitol to all
parts of the city, as soon as it was
ascertained, and the widest enthusi-
asm prevailed.
The bulletin boards at the World
Office were the center of attraction,
and the crowds in front Of the Office
almost prevented travel on the street.
Bulletins every few minutes were
given to the public, and the smiling
faces of many, as they read, was evil
dence enough that they approved the
decision. N
Expressions of satisfaction over the
result we're heard from nearly every
one. The opinion which has been
expressed by some people and by some
newspapers, that the judges had let
their decision be known several days
ago, is without any sort Of foundation,
and those who heard the opinions de-
livered Saturday were ready to admit
that it was the strong arguments of
the attorneys for the complainant
which produced the revolution both
in the minds of the public and the
court. The judges of the Supreme
Court are men of undoubted integrity
and honor, and despise the allegation,
that the result Of the decision was
communicated by them. 1t is not
credited by any right thinking man.
Men Of brains. and Of sufficient capac-
ity to comprehend the arguments Of
the 100 3, all say the opinion of pub
lie and the cause of the decline in
bonds several days ago was due to the
unanswerable and overwhelming pre-
sentation of the case by them, and not
to any intimation of the court as to
what the decision would be.
The court room was crowded Satur-
day, and the opinions of the Judges
were listened to with close attention
The World has interviewed mum
Der ofgentlemen, who were pronounced
1908 men at one time, and they say
they will cheerfully accept the decision
Of the court; that it is the proper judge
of the law, and having declared the
bill unconstitutional, it must be con
sidered so. A large majority believe
that a settlement will now be made OF
some fair and just basis. and that the
Democratic party will unite to efec
this settlement.
Governor Hawkins will probably
convene the Legislature in extra ses
\ sion soon to consider the matter.
After the funding act was passed
and before the injunction bill wa
filed, the Funding Board, consisting
of the Governor, Comptroller anC
Treasurer, made contract with
New York company for printing tn,
new bonds, and it is said several thou
send dollars were expended in litho
graphing and printing. The contrac
is signed by the Governor and the 9th
er members of the defunct Funding
Board, and has the seal OF the Stat
affixed. The question now arises a
to who is liable for the expenses in
Cured.
Since writing the above, the follow
ing press telegram has been received
NEW YORK, February 12.-Som
! months ago the Refundiug Commits
sion appointed by the Tennessee Leg
J islature came to New York, and mad,
contract with the Franklin Banl
| Note Company to print bonds for tn
/ expected new issue. The oontrac
: was signed by the Governor and othe
State officials, and bore the seal Of tn
State. The engraving and most Q
; the printing was done, when a FEY
| days ago, by order of the Commission
= the work was stopped. 1t is under
J, stood the cost to the State will nc
exceed $4,000 or $4,000. None of til
: bonds have yet been signed by tn
r State officials"