Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-12-28
What the State Owes and What II
Has to Pay.
SHORT COTTON CROP
LiabiI,sies and Inve.tn,en,s ma the
Lauer's vaiuo at MARKET Quota
.ions-An ola saa" Weary or Lie
a"itsIt-Dcciiuei In co,.onnoo-ip,n
Only Recome. Moro Noticonb,o-
Tax Case RchenrinE.

T.
disbursements or the State Treasury
S0th. 1899. was published Chief Clerk
Denmark is preparing for publication
statement from which the following
showing the States liabilities and in
vestInents and the value of the latter
at market quotations, is taken:
THE STATES DEBT.
The bonded debt OF the State is as
follows:
per cent. consolidated bonds
tdue 1910 ACKNOWLEDGEMENTS. S3.379, $50
4 per cent. Prison debt bonds
(due 1910 .................. 10000
per cent. Prison debt bonds
(due 1910 OBSERVATION-DISCLOSURES. 10000
per cent. N. c. r. II. con-
struction bonds (due 1919. 2,72o 600
Non-interest- bearing bonds
fundablc into per cent. con-
soldated .......... ......... 232s2O
Total ............ 5000. IS 6,501,770
INTEREST ON STATE DEBT.
The interest on the States bonded
debt Is due and payable as follows:
January l, x year on all per
cent. bonds ................S T0,9S9 90
April l, Y year on all per
cent. bonds ................ 81, GOO 90
July l. " year on all per
cent. bonds .............. 709S9 90
October l, u year on all per
cent. bonds. ............... $1,000 90
Toatl annual interest. s305, IFS 90
THE STATES INVESTMENTS.
The state owns the following as in
vcstmcnts:
10000 shares N. c. r. II. stock.
par value :................s 100000
1906 shares a. & N. c. r. Il.
stock, par value. .!.... -. 100000
n. G.. per cent. consolidated
bonds, par value ..... 26T50
N. G.. per cent. Prison debt. 10000
II is to he noted that on November
S0th these investments were quoted as
follows:
n. c. II. r.. stock at 1.6O, a. & N. c.
r. II. stock at %. y. c. per cent.
lords ut 1.00h. At these figures the
States investments were worth $780,
III. BESIDES these the State Board of
Education owns s1i3.2 in N. G. per
cent. consolidated bonds and $4,000 in
6 per cent. consolidated bonds, worth
al present quotation $3.50 .39S.75
STATES INCOME FROM INVEST
MENTS.
Dividens y. c. r. r. stock. .SI95. Q13. OOs
Dividends y. &c n. Z. II. II.
Interest on bonds held. ...... $4,000
Total income from invest
ments ............ s225 $500
Income State Board of Edu-
cation ........ .............. $3.50 90
AFTER 1901 this dividend will be I'M
der the terms of the '99-year lease
sg100l4.
WEARY OF LIFE.
a special from Louisbnrg says At
the old Partridge house which is stu
ated about half way between Louis
burg and Franklinton. lived Mr.. Howell
Griffin lie has lived there for many
wears, good man and a good citizen.
For some time it has been noticed that
his mind was giving way. but-in-the
last month or 80 strict watch had to be
kept on him. This morning about s.
o'clock the family missed him and
search was Immediately made for him.
His body was found ut 6 O'clock about
one hundred yards from his house with
his throat cut from ear to ear and dead
lie used II small pocketknife which
was found near him. His age was 70
years. lie was n Mason ana IL member
Of the Baptist Church.
SHORT COTTON CROP.
The shortness Of the cotton crop is
becoming moro apparent every day, as
the daily receipts are compared with
those of last year.
Up to Saturday last the total receipts
OF cotton on the Raleigh market for
the year 1899 were 12.1o0 bales. Last
year during the same period the re-
ceipts amounted to 17,122 bales, and i'm
1897 for the same period the receipts
We're 1924 bales.
The receipts on the local market last
week We're 5S5 bales. For the CORE
spending week last year the receipts
were Sla bales.
Mr.. Pat Wyatt, who keeps the re-
cords of the local market, says there
has been q gradual falling off in the
receipts OF cotton for number of
years past.
Local cotton men say that the de-
cline in receipts is becoming more no
t!ceable daily, and it Is believed by
some Of the observant dealers in the
Mccoy staple that a good advance in
price will result soon.
TAX CASE REHEARING.
The railroad tax case will be reheard
to-day at Charleston, S. c., by Judge
Simontop.
1t will be remembered that recently
Judge Sirnonton held that the Corpora
ton Commission act did not confer the
taxing power Since then the South
Carolina Supreme Court has sold It did
confer this power. BY this decision n
Federal judge is bound, a State having
right to constrie its own laws in its
own courts. And this fact rendered the
fehearlnG necessary
1t is believed that Judge Slmonton
will now appoint q special master to
take testimony.
EDENToM.