The times. [volume] (Richmond, Va.) 1890-1903, 1897-02-09
NORTH CAROLINA NEWS.
THE PROPOSED dNNTLLMENT or
THL sOUIHERN,s LEASE


The Absorbing Topics rect Car Service
Must BE Resumed or the Charter For
feited-PopuIist Vote for Mckinley.
RALEIGH, y. c., Feb. s.-Special.-
That which IS attracting moro attention
now than anything else is the committee
meeting listening 10 arguments pre- and
con on the railroad lease.
on Saturday night there was quite a
lively spat between Judges Avery anu
Surweil. Buck" Kitchen made hu-
mOrous speech. and was In favor OF an
nulling the lease. Just before IL o'clock
the meeting adjourned. They met this
afternoon at o'clock again.
The following table is given relative 10
the lease
sEABOARD PROPOSITION.
Annual dividend 10 the State. sSooWV
Annual interest on 2.iO.OoO SIX 49,.
per cent. bonds ..............'...' Io-'V''
Annual excess Of dividend over ,
interest ........- ..'...'.'.,.' - i'''V''
Saving for fifteen years. slss e9x
ID ..s...... ........s..-...sS -fviVNFy
Average interest Z II
years at IL per cent. b'N'o-0
Total ..................s27ssss5
Pay of per cent bonds
in fifteen years.......... 21oo'~
Leaving a net balances 6S625
years. si5s.ocoS9S ........ 18.ss2ooo
Average interest a. II
years az - per cent. 30 5000
Total saving under
SeabOard proposition
nirety-nine years ..S4MiO3J
SOUTHERN LEASE.
49, d IA HHf 70 fn
cent bonds .....'...-............... 1900
interest ........... ............,....i 5000
Saving for fifteen years.
Average interest I IL
years at IL per cent. 23.0W
Total saving for fir
teen years ...........f e53,0o
standing per cent.
bonds there would be
LEFT still outstanding. l,l3le0
$4,000
Saving for ninety-nine
wears So 00Gxl9 .........S $4,000
Average interest 40 Il
years at II per cent. lo5s5.oSo
Total saving under
KECAPITULATION.
~ end Of fifteen years viii be. s.. 80. SO
Under Southern lease. sinking
fund at end Of fifteen years viii
be ........ ....... ............--.... "'VVJ
Difference in favor OF Sea-
board Ofter ......-..............f 81 fN1.b-'
In other words. NJ end Of fifteen years
frf. lfr.fe inc Co ri
offer Will pay of the outstanding per
cent bonds g. 200 0O. and leave Sis6-J
in the fund The annual dividend or
800 ono thereafter will pay large part
q the expenses OF the state government
while under the Southern lease the sink
ing fund at end OF fifteen years viii only
nay 1903 no. OF the per cent. bonds, and
leave still outstanding N.l5le0
Under ;. 4. l.. offer sinking
fund would at end OF ninety
nine years be- OBSERVATION-DISCLOSURES. 81 V3f, 100
Under Southern lease sinking
fund would AZ end Of ninety
nine years be- OBSERVATION-DISCLOSURES. loa3'VY
Difference in favor of S. a. L....-...--
THE STREET RAILWAY.
AZ a meeting Of the Beard Of Aldermen
steps We're taken as 20 the reonening OF
the sfrcft-Car service. The raleigh Elec-
trio COmuanv we're notified that unless
they rebuilt the plant in sixty days they
would forfeit their franchise. so probably
hv tho middle OF April Raleigh people VIII
Doe able 20 ride by electricity
\. /. SwnsCn went before he majority
populist caucus on Saturday night and
stated that eight more men than were
necessary had been put in HIS office az s.
day. The caucus passed resolution
10 stand by Mr. SwinsOn I'm the attempt
20 abolish the enrolling clerks office be-
cause he refused 20 appoint negroes as
clerks.
DEMOCRATS ACTIVE.
The establishment Of Democratic head
quarters here shows that the party does
non intend 20 he laggard in its efforts 10
reclaim the State In lN'. Chairman Man
Ir VIII Doc here very often. but the head
quarters viii pc under the direction Of
Mr.. John W. Thompson tho secretary or
the State Democratic Committee.
J. g.. l.. Harris Tep). Of this city drew
a iill which was introduced in tho Leg
isiatrre to-day providing for % change
- administrator IN tho Agricultural and
Mechanical College hero. Fourteen mem
ters OF "a rev board will be appointed
one from each district. and five AZ large.
The extra members viii he eX-0fioi0. Tho
Governor is 20 appoint this board. with
On concurrence o. the Senate Neither
me president Of the college nor any OF
the faculty viii he touched.
VOTED FOR MKINLEY.
II rs claimed that the POpuiisfs IN this
State cast fully 90 votes for Mckinley
in tho election in November.