Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-19
RALEIGH'S BUDGET.
NEWS NOTES FROM THE NORTH
CAROLINA CAPITAL.
The INSURANCE COMMISSIONER BUSY
Registering New Compnnies-The
Surrender OF Hamrick-Sfck and
Important Circular.

Important Circular.
RALEIGH, y. c., March 1s-(Special)-
There was a dead block in the printing
Of the laws enacted by the last General
Assembly, as Edwards & Broughton will
not proceed with the work to any extent
until the suit brought against them and
the joint Printing Committee is decided
In the courts. Some Of the more impor-
tant bills, however, are being published
in pamphlet form for distribution.
Commissioner Young, in the insurance
Office, is quite busy registering new in
surahce companies. 1t has been reported
to him that a certain man in this State
has been oanyasshg without an agents
license for an unlicensed Insurance COM
pany. lie has sent instructions 10 the
Sheriff OF the county in which the man
resides to arrest him at once If the re-
port is true. The name OF the man and
the company were withheld, as the Com
missioner does not wish the man 10 know
that he is after him" The penalty for
this offence is fine of not less than 800
or more than $500, or imprisonment not
years, or both.
Tom Smith. the negro who killed a
white man named CawthOrn at Smith
field last Christmas, and was taken from
Raleigh to Johnson county this week for
trial, was returned here yesterday, as MS
attorney. Colonel Wise, was TOO indis-
posed for trial. He will be tried at the
| August term Of Johnson county Superior
Court.
Miss Lascelles Grandy, who lost her
! life In the burning of the Windsor Hotel
/ yesterday, was a daughter OF Mrs. whey
| Grandy, OF Elizabeth city. Miss Grandy
| has for many years occupied a position
| I'm one of the departments at Washington.
w. II. Wilson, a Republican In Asne-
VILE. has obtained leave from the Attor-
ney-General to institute quo-warranto pro-
| ceedings against John Y. Jordan, Of Ashe-
Vile. TO try the title TO the office OF
| Clerk of the Western Criminal Court Dis
trict.
A letter from the city authorities in
Norfolk states that a large crowd is eX-
pected to go from here TO greet the ka-
leigh when she arrives from the East
and that preparations will be made to
receive the visitors.
This morning Mr.. Lacy assumed for
nal charge OF his Office of Labor Commits
| siOner, and is surrounded by a numpeI
Of congratulatOry friends. Hamrics de-
livery of the office 70 him yesterday was
| quite unexpected. and matter Of annoy
! ance to Hamricks attorneys. Lacy says
| Hamrick came into his office yesterday
looking worried. and said: "Mr Lacy, If
you had demanded the Commissioner :
| Office. / would have given in" He paused
"Oh." he finally said. I'm tired ana slch
| Of the whole thing; come up and take the
| old office now
Treasurer Worth sends out the follow
ing circular-letter to-day;
The act OF the General Assembly o.
! North Carolina, entitled IAN act 10 com
! promise, commute. and settle the oiaV
debt" ratified March J. lsIs ant no, 11
| the exchange Of certain issues OF the Ol'
| bonds Of this Sta,e. Under the provisions
of the renewal and amendatory act, ral
fled March s. 1899 the time prescribed 10
the exchange has been extended 10 Jdhu
airy l. 1901 -,,o.
'fhe sew raj classes of bonds mentioned
IN the act are as follows; 80
class bonds dated before the 2Oth o
May. 1851. known as "Old bonds, Wnlci
the holder can easily identity by thel
dates They are redeemable at 40 pc
cent. Of the principal, The last date o
this class is April ]. lSbl
class bonds redeemable az . pc
cent. Of the principal, described as lol
issued since the close Of the late wa
nv authority of acts passed before IN
war. for the Western North Carollnh ran
road. bearing various dates, as ioiloWs
July /, 1866; october lseo, Ju,y ~ d leo,
January 1858. and October ], 1903 also
bonds issued on account OF same lOa'
| dated october l. 1851. The bonds abOV
! referred To as dated october J, ioo9' M
numbered J91t 10 625j, both inclusive am
the numbers are stated TO distinguish
| them from other bonds Of same date u
that company not iundaDie
Wilmington. Charlotte and Rutherfor
railroad, bearing date july !, lo'z, IN,
| Western railroad 0rom fayetteVhloJ
! dated October l. 1851.
| Class 3-BOnds to provide for 1undln
the State debt. issued under the acl
March 10. 1866. dated January !, lSo5' an
the bonds issued under act OF August 2
tsrQ An urovide for funding the mature
interest ON the public debt, dated Oclobe
!. 1868. redeemable at 10 per cent. OF IN
Bonds presented for exchange must b
accompanied by all coupons belonsln
| thereto i'm the possession of the holder O
The new bonds TO be issued are TO bea
4 per cent. interest. and are exempt IIVi
taxation. Their coupons are recelEabl
after maturity in payment or all ga
! taxes. Provision is made in Inc act 10
the payment Of the interest, ana IL WI
h. uromptlv paid as IL accrues. IN lsSu
| ing the new DNn0H VIC Ilti AAA "a
thereon are detached, retained. ana &c
strovcd bv TIE State Treasurer, as III
amendatory act requires.
The exchange is made at this ofhc'
The only expenses attending the -
change are the express charges on Dohu
10 and from this city. 10 be PAID py IN
holders. Bonds will be received throuS
; registered mail. but new bonds Issued
exchange will be transmitted by expires
IN being necessary 20 have receipt 10
them on the books Of this department.
The act authorizes the exchange
bonds to the amount OF $l26AVD,
, which nearly 100000 have been eN
The following mentioned bonds are e.
Guided from the act: The issues know
as "special-taX" bonds. which the hol'
ers can readily identify by the statemei
ON the face of each bond; the issue
the Chatham Railroad Company uhl'
an ordnance Of convention Of 1868 dat.
Anril 7. 1865. 81 900 each; The issue 10 II
Williamson and TarbOrO Railroad con
many. under the same authority GATE
october / 1859. 81 600 each; the bonds j.
enod ON account % the penitentlary NJ
der act Of August q, 1865, dated Octob'
1. 1865, SlCo0 each.
supfxprsGrY