The times. [volume] (Richmond, Va.) 1890-1903, 1899-03-21
RALEIGH TO VOTE
ON BOND ISSUE.
The Election viii Be Held in That
City on June 18th.
THE NEGRO TROOPS QUESTION.
No Orpanization While White Troops
Are Available - Old Confederates
Getting Back Pensions Money
for the state Guard.

RALEIGH, n. c.. March D.-Speciai-
TN, election for the issue Of |JVVvJ school
bonds. and 10000 street Improvement
bonds. will be held at the same tme' on
June 18th. The election for Guy oIlclalo
Will be held early in May.
The Legislature extended the uine ior
the redemption of old bonds. Inc seN-
eral classes of bonds maintained in the act
are as follows:
THE BONDS MENTIONED.
Bonds dated before the 2Oth oil NAV
1861. known as "oid bonds fhey are
redeemable at 40 per cent. of the princi-
pal The last date of this class Is April
/, 1861.
Bonds rcdeemable at % per cent Oh
the principal. described as follows;
Issue since the close of the late war by
authority Of acts passed before the war,
for the Western North Carolina railroad.
Wilmington. Charlotte and Rutherford
railroad. bearing dates July 1. 1862.
Western railroad Grom Fayetteville)'
dated October !. 1861.
Bonds 70 provide for funding the state
debt issue under the act of March 10.
1866. dated January I, 1866. and the bonds
issued under act Of August %. 1865. TO
provide for funding the matured interest
on the public debt. dated October-i. 1868.
redeemable at 10 per cent. Of the prin-
clpal.
The new bonds to be issued are TO bear
4 per cent. interest, and are exempt from
taxation. Their coupons are receivable
after maturity in payment Of the interest
and II viii be promptly paid as II ac-
crrcs.
The act authorizes the exchange OF
bonds TO the amount OF $l2.627 no, Of
which nearly 100000 have been eX-
changed.
The following mentioned bonds are ex-
Guided from the act: The issues known as
special tax" bonds which the holders
can readily identify by the statement on
the face Of each bond; the issue 10 the
Chatham Railroad Company under an
ordinance OF convention Of 1858. dated
April J. 1865. 5000 each; the issue 20 the
WILLIAMSON and Tarboro Railroad Com
pany. under the same authority dated
October J. 1869. 81. 0Do each: the bonds IS
sued on account Of the penitentiary. under
act Of August "a, 1868, dated October ]
1865. 1900 each
BACK PENSIONS.
State Auditor Aver was at work last
week sending out pension warrants 10 tho
old soldiers who We're granted years
back pension by the last LEGISLATURE.
Pavmaster LybroolS Of the State Guard
has drawn on the state Treasurer for
e. co., 10 he distributed among the dif-
ferent companies of the State Guard.
10 pay their expenses The last Lceisla-
ture appropriated $1,000 for the guard
and the law also provides for the guard
10 hold an annual encampment.
Cure tor Brimley. Of the State Museum
has received Stokes county beaver.
The beaver is rapidly becoming extinct
except in Stokes county. where IL Is
sometimes found
"The hobo law makes the offence OF
beating on trains misdemeanor and
provides that a person beating his way
on train NAV not only he arrested I'm the
county fin which he IS caught but I'm any
county through which the road runs
NFXED QUESTION SETTLED.
A provision in the amendment 10 the
state Guard act. passed by the last Leg
islature. VIII eliminate al future trouble
with negro troops. II says that white
and colOred troops shall be separately
enrolled. they shall not he compelled 20
serve in the same organization. provided
that no organization Of colored troops
shall be permitted while white troops are
available. and that when permitted 20 be
ORGANIZED colored troops shall Be under
command or white officers "