The Caucasian. (Clinton, N.C.) 188?-1913, 1896-11-05

Great :. Grey bout the Intended lease
Governor and Directors tD Make I'M
mediate Be.i-Goveruor Carr'e x..lana-
ton.
New bora, n. c., Nov. 3.-ihi
advertisement appeared to-day ir the
EeWbeIn Journal:
NOTICE.
Z special meeting of the stock
holders Of the Atlantic and North
Carolina Railroad Company will be
held at Morehead City, on Monday,
9th day of November, 1896.
Stockholders will be passed free
to the meeting Oh the mail train on
Saturday, the eth of November,
1896.
w. S. CHADWICK, President.
It has LEAKED out here that this
meeting has been called for the pur-
pose of leasing the Atlantic and
North Carolina railroad, and that
the lease is to be made to a syndi-
cate already formed, and without
submitting it to the General Assem-
bly,. Two or three months ago, the
scheme Of leasing this road was
formed, and it was believed that the
Governor and the Directors had de.
cided to make an immediate lease.
They were persuaded to postpone, if
not to abandon, the lease, and moth
ing mere was heard of it until to-
day when the above advertisement
appeared.
The directors Of the road meet in
Newbern on Monday, and determin-
ed to call meeting for the purpose
Of making the lease. It will be
observed that it is not stated in this
notice for what purpose the meeting
is called, and the general public has
not yet been advised Of the object of
the meeting.
It is understood that some Of the
larger stockholders of the road and
some Of the directors are interested
in the syndicate that proposes tt
lease the road. It is known tina
while it is proposed to consider alone
the proposition of this syndicate
there are other parties who woul(
lease the road but who will not b.
invited to make a bid. There is al
air Of secrecy about the whole bust
ness that does not please those whs
have learned of it. Yesterday
gentleman asked another who wa
conversant with the intended lease
if it was not true that lease Wa
to be entered into at the meeting O
} the stockholders next Monday. Hi
, reply was: eyes, but don't say
!. word about it,"
News and Observer
!, l asked Gov. Carr yesterday abou
, the terms OF the proposed lease Q
0 the Atlantic and North Carolin
/; railroad. He said he could IL
. make them public at this time, b1
that he could say this much: Thu
l the proposition to lease the road WI
2 made by a syndicate of Goldsbo1
l capitalists, headed by Mr.. A. We
a prominent business man there ar
!. brother Of Mr. Sol. We'll, former
2 of Wilmington, but now Of Ne
e York.
81 am in favor of the policy
leasing tie railroads owned by t
a. State for the simple reason"
added, s'that it takes them out
E. politics and put them on the sal
Of footing as are other business ent<
d prises Of the State. Under this p'
b. icy they will be worth something
~ the State. From a political nj
at sance they become important factt
rs rs in the development of the count
p and from a burden to the tax.pay'
@. they are transformed into a soul
Of revenue to the State.
"The proposition that has be
O. made by the Goldsboro syndicate
OK very favorable one to the ST
ne and l am in favor of accepting
or 1t has always been my policy to le
Ii these roads whenever it could
Ill. done to advantage"
r 1t will be remembered that duri
II. the month of September the quest
NJ of leasing this property was agi
ms ted. | then went to Gov. Carr a
10, asked him about it. He said t
'ns nothing would be done at that til
ms, as many of the most prominent n