The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-02-26
A CLEAR CUT ISSUE.

In 1S76-'7S under vance's adninistra-
ticn, the property of the State furnished
enough revenue to carry on all expenses
of State government, support its insti-
tutions, spend thousands of dollars in the
erection of the Morganton Hospital. and
to make large additions thereto. Large
sums were also appropriated to build the
Western North Carolina Railroad. No
bonds were issued.
In 1S7S'Ss, under Jarvis's administra-
ton. the property of the State furnished
enough revenue to carry on all the insti-
tutions, build the Goldsboro Insane Asy-
lum, the penitentiary, to buy the new
Agricultural Department, and make need
ed additions to the educational and chart
table institutions. Large appropriations
we're also made to build the Western
North Carolina Railroad. No bonds were
issued
In 1862, under Scaies's administration,
the Agricultural and Mechanical College
was built as was also the Supreme Court
building. there was enlargement and re-
pairs on the institutions, and every ey-
pense of the State was met from the
ordinary revenues No bonds were issued.
In 1889 1897, under Fowle, Holt and
Cars administrations the Normal and
Industrial College at Greensboro. the
State Deaf and Dumb school at Morgan
ton, the Soldiers Home were erected
tEe state Museum constructed the mcnu-
ment to the Confederate Veterans was
placed in Capital Square, additions made
TO the educational and charitable insti-
tutions, education encouraged and adj
vanccd-and all. in addition to the regu
lar appropriations, were paid out of the
regular revenue receipts. No bonds were
issued
From and including Vance down to and
including Carr hundreds OF thousands OF
dollars were spent in permanent inn
proyements" upon the States charitable
and educational institutions. Every dol
lar of these appropriations came from
taxation and nobody dreamed of issuing
bonds to pay their construction and equip
ment In all these years OF Democratic
control, there was a steady increase in
the public school fund aud large in
rreasc in tba annual Recommendations foY.
higher education-as we'll as larger in
crease for the support of the charitable
institutions Of the State. No bonds were
issued during this twenty years Of Demo
cratic rule. The tax on property and
privileges paid every expense.
In 1S97-19o1 under Russells admins
tration, cost,-' additions were made to
some of the insane hospitals, deaf, dumb
and blind school in Raleigh, as well as
enlargement of the educational institu-
lions. and the regular revenues were suf-
fcient to pay for these permanent i'm
provements," and no occasion arose for
The issue CT bonds except to pay the de-
felt caused by the eXtravagant and in
competent management of the peniten-
tiary. To pay that deficit and TO buy
farm needed in the conduct of the ad
minis tration, bonds were issued. They
are state bonds, but the penitentiary is
REQUIRED out Of it's earnings to pay the
interest, and il it is well managed enough
cen be earned to provide sinking fund
for their payment at maturity, and there
fore they are not strictly speaking State
bonds al all, but penitentiary bonds
guaranteed by the State.
This IS the States record since
the State was redeemed in 1876. During
part of these years the State has gone
through its most serious financial depres-
sion when much OF its property was
greatly deprecated. And yet during all
these years. out OF revenues derived from
taxation, appropriations have been made
for permanent improvements without
the thought OF resort to bonds And now,
when We are told that the State has
rapidly increased in wealth, when indus
tries have multiplied. and property in
many parts Of the State has appreciated
in value. now comes the serious proposi~
tlcn for biz issue of bonds for enlarge
n,o.,t &c ~ c4atn;., ~, bIo and ndtioa.