The times. [volume] (Richmond, Va.) 1890-1903, 1896-12-01
NORTH CAROLINA NEWS.
GovERNOR-ELEC RUSSELL TALkS
Amour INTERESTING MATTERS.
Does Not Claim Consistency on the silver
0ucstion-Tbe Condition Of the State
Debt-Mcetine OF Electoral College.

RALEIGH. y. c.. Nov. 3O.-SpociaI.-
In an Interview. which. quite evidently
was prepared by his own hand for the
Messenger. Daniel l.. Russell Governor
elect says some interesting ana import
ant things. lie was asked: What do
you think will be the outcome OF the
senatorial contest?' and replied:
Il hope Pritchard Will be elected"
what will be the chances for Guthrie
or Dockery?"
Neither OF them will have any show
ing. because neither can ever get any
thing but Democratic votes. Inc Dem
ocratic members might swallow Dockery.
but he Will be an awfui dose, even Tor
them"
But Dockory says he was conscien-
tiousy Tor silver, ana would nave re-
fused the Republican nomination after
the ST. Louis Convention declared against
saver"
yes. And he was fool enough 10
think that somebody would believe MIN,
Before the Republican Convention ne
was pretending to be for Allison. an anti
ter the Republican Convention turned
him down. then he was 80 strong Tor
silver that ne could not support Mchin-
ley. Nobody ever heard OF his being Tor
silver till Butler picked him up and
chunked him at the Republican party.
Butler thought that was great politics.
BY IL he was going TO disintegrate the
Republican party
'rhcy say you changed your ground
on the silver question after the 81.
Louis Convention"
II do not claim absolute consistency
on that However. | said time ana
again I'm the campaign that / ala not
agree with the st. Louis declaration
in favor of the gold standard"
THE NORTH CAROLINA RAILROAD.
Russell attacks the lease OF the North
Carolina railroad nor nineiy-nlne years
10 the Southern. lie was asked.
HAS not the North Carolina railroad
been already leased TO the Southern, ana
is not that an end of the whole thing?'
1T is not ended. The Populist party,
In their State Convention, denounced
the lease, and demanded that the Legs
lature should investigate II and take steps
to cancel II. The Farmers Alliance has
made the same declaration. Unless 1
can see that l am wrong in my views
of this transaction. | shall advise the
Legislature TO adopt measures looking
10 the cancellation OF this lease, ana
for tho restoration OF this property TO
the people. If the courts shan mold
that the Southern Railway Company has
ACQUIRED a vested right then their lease
must stand Vested legal rights must
be protected. even though they be, IN
1000 morals ana III justice, vested
wrongs. This principle - essential 10
the existence OF civilized society.
AS to the Atlantic ana Nortn Caro-
lima railroad, the attempt OF the present
Democratic administration 10 lease 1t
10 a Wayne county corporation VIII, 1
presume, be abandoned, II It. oe true
that responsible parties are now oher-
ing better price. 40 4 e"uerstdhu H.
the Goldsboro syndicate are saying that
II their lease Is consummated, the STOCK
will be worth $40 "A share on the market.
IL this is so. or If they believe IL TO
be SO. let them oncr $50 per snare IN
purchase of the stock which belongs 10
the state and TO the counties. IL seems
TO me that the State would be siad 10
sel its stock for about 100000, provided
the stock held 10y the counties Is taken
at the same pric. This would take
the railroad out OF politics, and the poll
ticians who for twenty years have en-
joyed 1t in politics, would be happy be-
yond the dreams of poets.
THE STATE DEBT.
The State Treasurer to-day issued the
following statement of the debt OF the
State:
The interest-bearing bonded debt of
the state stands at present as follows:
4 per cent. Consolidate bonds. $500. 80
q per cent. y. c.. X. II. Con-
struction bonds ..... 900. secs. 2''Zo'WO
Total ....... ............-.......S6,0 sO. 100
The interest Is payable on the per
cent. bonds in January and july, ana
on the per cent. bonds in April ana
October.
The interest on the per cent. bonds Is
p,id out of taxes levied for the purpose,
while the interest on the per cent.
bonds is provided for out OF the diVi-
dends coming from the States stock
i'm the North Carolina Railroad COM
pany.
The annual interest IS as follows:
on per cent. bonds .......-......$ l5i'4-o
on 6 per cent. bonds .........-...... lo5.-oO
Total annual interest .........Sz9|o-o
The annual INCOME ~ 'i' ''
from its stock In the \. g *.
II. Co., has been. under ola
lease ..... ...... s.... ''.'''''''''
Is TO be for six years. under new
lease ..... e. ........-- .-..-..'''''- 4''''NV
Is 70 be for ninety-four years
under new lease ..... ...'..-''.'' -iV'V'V
Hinder the act 10 compromise. COM
rnu,c and settle the state debt S'5oo'-
-oo new bonds have been issued In eN-
o,arye for the old valid debit To com
nlete the work begun IN TINS Inc WIN
reouire SOS O1O 10 carry the new ueu' 10
lie utmost possible limit-SSolo."o- inc
time I'm which this may be done eA-
pires January l. 1891.
INVESTMENTS.
Tho state holds as an investment o'VVo
.hores of stock in the North carolina
paVrosa Companv. ana Sl3o,l OF the
,,o,,, Nor cent. consolidated bonds.
The state Board Of Education holds' as
an Investment. Sll3 30 of the per cent.
ana 600 of the per cent. bonds.
THE Electoral College meets tomorrow.
In compliance with notice from Governor
carr the date being fixed by STATE law.
one Republican writes here that ne
,rtends 10 vote for Popuhst FOR United
states senator. This complexities the
situation.
The first ice this season began 10 form
here this afternoon. and tonight eNery-
thing Is covered with sleet. Roses are IN
fun bloom. - =, .,.. ,...
atorial fight The Populst state chair
aa,, -. II ,o.fer from, n Republican mem