The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1904-05-26

Bryan administration there seems to
have been available from the net earn
ings of the road, for betterments and
permanent improvements q total OF
1891, 1862. That the books of the
cOmpany's auditor show that there has
been so expended the sum of 1888, 236,
10, leaving S41 ,263.43. Deducting cash
on hand 80, 12O5S, and the sc, 1877 .O6
lost by the hotel. 'leave balance to be
accounted for of $26, 655.79."
The report concludes with the state
ment that 1T is clear to us that the best
and most economical management of
this property can not be attained under
State control" That ''it is equally clear
that it is very valuable property, and
that it's condition and earning capacity
have been greatly improved during the
last four years.
That we see nothing in the situation
to call for great haste on the one hand,
or extreme action on the other, in refer
ence to any proposed change in the con-
troll and operation of the property; but
we do think that q modern system of
accounting should be adopted and other
faults, to which we have called your at
tention, remedied." The report is signed:
"R. T. Gray, W. I. Lee, Henry A. Page,
committee of investigation"
The answer of the A. & N. G.. Railroad
Co. to the application of Cuyler for a re-
ownership, has also been filed, but there
is no room in this Letter for reproduc-
ton of any part of it. The hearing was
set for Saturday last, May 21, but was
postponed on account of the absence of
Judge Purnell, who is sitting in the Cir
cult Court of Richmond. The term of the
U. S. District Court which was to have
begun here today has been postponed
one week for the same cause.
The friends of Maj. Stedman and Judge
Frank Winston are in high feather over
the result of Mecklenburg county pri-
maries. Mr.. Glenn had canvassed that
county and made speeches there and his
friends claimed an overwhelming MAORI
ty. He only secured plurality OF a lit
tie over 100 votes over Stedman, while
Stedman and Turner vote combined was
about 400 more than the Glenn vote.
Winston showed up stronger than any
other He received 1877 votes to 600
for Morton. Major Stedman carried
Granville by an overwhelming vote and
will give him at least Is of it's II votes,
the dispatches received here state. The
Turner vote is ''panning OUT to the salts
faction of that gentleman s friends, also.
1t has already been shown that he is
strictly in the running, and if there is a
protracted contest in the convention
you'd better keep your eye on the Iredell
man. But the Stedman people say there
is not going to be any protracted con-
test They expect to nominate the Major
on the second or third ballot, if not the
first one, they say.
The friends of Col. George Morton will
be panied to learn of the critical illness
OF his mother-a fact which has prevent
ed him from filling number OF engage
ments lately.
Judge Purnell will begin the hearing OF
the Cuyler application for areceiver next
Saturday, May %.
Gov. Aycock on Saturday received a
new offer to lease the A. & n. c. Railroad
property. It is from Philadelphia par
ties and offers an average Of 5 and 8 10
per cent. for so years, or 6H per cent. for
80 years
The answer in the Cuyler case says
that the Governor is ready to authorize
the States proxy to vote on the various
proposals for the lease OF the road.
LLEWXAM.