New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-17
ALABAMA MAKING PROGRESS:
A TALK WITH GOVERNOR oA h''
r.xsr-ccEssrt.L EFFORTS HERE TO GET LOWE"
RATE or INTEREST OK STATE BONDS
GREAT RESOURCES OF THE COM
NrNWEAITH- KOLBS MANY
MANIFESToS.


MANIFESTOS
,.... William g Oates Of Alabama. has been
T., 49, o,t,. ,or two DAYS on busin ess Of interest
% ,,s State He has not been successiul III "''
mission at least for the present, ana VIII SD
for his home to-day. Governor oa'ess "'p
tho CITY was TO see II a change couid not pe VI 9"
about IN the rate OF interest which Is pad vi
Alabama State bonds. Recently the Les'''
rossed n resolution declaring that the rate o' III
,eres, maid on state bonds vas excessive an"
uncovered Governor oates to investigate '"' mo-
for and see II he could not make an arrahe'"
Shereby new bonds. bearing a less rate OF '"'''''
could be issued to take the pace OF those our
standing Governor oa'eS' /" Sf'''9
sion. said: ,...
the presect bonds outstanding amount 10 aoo"'
g. 900 900 There Is no intention Of Increasing "'
bonded Indebtedness. The idea IL to secure 'o"'I
rate OF interest. The present bonds bear ana
nor cent interest. Largely } per cent Tae rate OF
interest for the proposed bonds has not been
decided upon and largely depends upon my as
erection should like to ge; the rate reduced 10
2 or q, per cent. but do not see much prospect
for "A change now one would naturally suppose
from all the newspaper talk about The political as
turbances in our State and recent hard times that
its bonds would not be rated as gilt-edsed Sc
curit.cs but find that snch Is the case. Inc
bonds are largely he'd in the United States ana
| heard OF some being sold few days ago lot
lb When | made Inquiries in wall street to-""S'
| was asked l07 That IS TOO much. and am COM
PEELED 10 give it up for the present may COME
back later but business seems to be picN'h@ "P
over the country. and am afraid that AIapa"t
will have to continue paying the present 'd'c VI
interest"
Referring 20 Kolh. who asserts that Governor
Oates is usurpcr and that he OkoIb) IS the
riehtful Governor Nh Oates SAID nav -
away from Montgomery for several days IN"
don't know whether or not Mr.. hoih mas 'Ssu''
hat fitua al
He does that quite regularly. lie has little toy
government OF his own. and seems 10 De III e''''S''
but no actual clash occurs
Governor oates s much pleased over the business
outlook In the country. He said: In my state
we have coal enough IN sight, at the presehi rate
of consumption to supply the whole intel stats
for 10 years BESIDES that We have wnoie noun
toins Of iron or. that appear 10 be ineXhaustb'";
with increased railroad facilities northern 'hpta.
Is beginning TO open up our resources grca,
deal OF money being put in the IRON business ana
steel plants are being talked Of. As yet the steel
Ise4 well. New. England manufacturers ere also
taking notice OF the advantages OF the Ststc anu
cotton mills being built None are OF MAN
moth proportions hut their owners are OF the ener-
gotc class that Of great benefit To State Ma
hama Is forging the front, and from her m!heiat
resources can be we'll termed the pennsylvania oi
Governor oates had ljtlc comment 10 make on
the last Congress He said that the people IN ms
state became Disguised early ia us ne that they
l. over ana looks for better legislation In the future
s. lar as silver is concerned Governor oates IL
81 tho state upon the subject. he said
"Our people are not monomctlIlsts ihhrY , ate
bmclalsis Both our representatives IN the S'H-
,tc Senator's Morgan and Pugh. are silver men.
The people believe TO great eNte%p ,msl ,hs IRE
10 not doubt that they would vote that way see
National bimetallic party has pen i ornSi J.,
vet, iut i ,s In ga infancy. Alabama may ana her
quota 20 the party but ! do not gee thAt u , Is
strong enough as ser TO r"voiuiionz" The eNis'ins
monetary system