The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-03-20
THE Sun Do Move

| &c the EulJOF.
Mr.. Drewry returned to the city in
time to make his statement before the
primary was over, though he says he
| purposely kept away to keep from
taking any active part, when as a mat
ter of fact he had the Board OF Al
dermen to postpone the primary one
week in order that he, Mr.. DreWrY
might be here. l offered to pair with
| him. but this did not suit him. How
consistent; how consderate was thu
| Board.
I hope Mr.. Drewry was successful
on his trip in getting the sun poo
| pie to make their observation here,
but trust when the 'Sun' goes down
| tonight our market will no. be moved.
Mr.. Drewry says he would not have
| had anything to say had not singled
| him out by name in my article as 10
| the sale of the K. and \. Stock. as
| he acknowledges all | said and says
Me too and wants to tell the whole
| truth, / will try and tell the balance.
| 1t is strange that this valuable stock
| should have been found among old pa
pers, when only few years ago tAir
| G.. ROsenthal, chairman), the city re-
| fused to sell this very same stock.
| When | said Mr.. Drcwrv recon-
mended to the Board the sale Of the
stock for the benefit of pump Fund
| was mistaken as to fund, as | see
from the Treasurer report that it
| was put to the Street Improvement
Fund, of which Mr.. DrewrY was chair
man. Only $1.071.G4 was spent n
pumps.
| Mr.. Drewry's recommendation as 10
| the sale of this stock was referred 20
! the Finance Committee. OF which !
was member: this is the usual ieiis-
| tom; | think the records will show
| this. | had been Il member of the
| Board only a short time when MIR.
! Drewry brought the sale of this stock
to our attention. ! stated to the Fin
ance Committee that / thought the
| City was as able to hold this stock as
any individual or corporation, but that
| if they thought best | would offer no
| objection. / did not vote to sell the
| stock. and did not know until Mr..
Drewry's statement (and do not now
know, who bought the stock. He
says some Philadelphia Syndicate.
Mr.. Drewry says he "recollects Mr..
Mcdonald was very active in an effort
| to sell this stock At Mr.. Drewry' S
request / made an effort. / telegraph
ed Thomas F. Ryan Cd. H.) several
times in regard to the matter, but
was not successful in placing it. Mr..
Drewry seems to take all the blame on
himself. He said ''let this be a lesson
TO U.s. and my point was not to 90
and play the same goose trick in
breaking our necks to sell the valua-
bic site which the city now owns, and
which in my opinion will be just as
much more valuable in short time
as the difference WE got for our stock
and what it is worth today.
Mr.. Drewry first started out with a
statement that we might get $4,000
for our market-he advertiSeS for bids
and his company offers 1000. There
happened to be few more who want
ed chance at the ''old thing" so a
primary was called to say as to wheth-
er it should be sold for $4,000 or more
and it is stated in the appeal sent out
to citizens with a for sale vote only
| enclosed that we may get $4,000
How values jump-worse than the cot
| ton market. From $4,000 to S65,0O0
Whoop her up, boys, you will yet get
up to my 100000.
| was surprised that Mr.. Drewry
forgot to mention his little pet'-the
| City Lot-that he is going to buy for
$4,000, if the city does not; he says
he has one year option on it. This
| is long time, but here is silk hat
that he does not buy it,
BY the way, can't you get us a list
of ALL of those options and let's see
| WHO has them. | know of some toll
cradle respectable sites on which the
| CITY has no options.
c. c. MCDONALD.