The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-04-16
SWORN TESTIMONY AGAINST AN
UNSUPPORTED AND UNTEN'
ABLE GUEST.

An exchange, evidently not advertent to
the facts. recently stated:
"Of course every intelligent man knows
that the stock in the Atlantic and North
Carolina Railroad has doubled in value
because of the prospect that it will be
leased--taken out of it's present hands.
What are the facts? The highest price
at a public or any other business sale
which the stock has brought was SAT
share of course we do not allude to the
McBee-Finch purchase of stock. But for
the conspiracy proceedings, that stock
would never have left Mr. Smiths hands,
for he swore that when he sold the stock
to McBee he took Finch's unsecured note
and held the stock as collateral. Under
advice, in order to get a fighting chance
to keep Finch and McBee out of the pen
itentiary, somebody has put up the money
to pay for that stock. Who is the man
higher up who is putting up the money
payments Mr.. Smith would never have
received a cent for it, Everybody knows
that.
The highest price paid for stock was SAT
a share and it was purchased by Mr..
Charles Foy, a prominent business man
of New Bern. Did the lease matter cause
him to pay TWICE AS MUCH FOR THE
STOCK AS IT BROUGHT WHEN AY-
COCK WAS ELECTED GOVERNOR?
Some folks say so, but against that an
warranted assertion we print below the
sworn statement of Mr.. Foy:
ITO Whom 1t May Concern:
This is TO certify that, at the sale of
the stock of the A. and N. G. r. r. be-
longing to the Anthony Davis estate, and
which was sold at the court house door
in Kinston on the eth inst, I purchased
three shares of stock for myself aud anoth-
er party, who is an official of said road
and acquainted with its financial condi-
ton and earning capacity. 1 was advised
as to the value of the stock by him and
influenced to pay the price 1 did for the
stock by the belief that the receivership
would be vacated, and the property turned
Il was authorized to bid as high as
$50 90 per share for said stock, but bought
the three shares at an average of $43.50
per share. But for my belief that the re-
would be vacated, would not
have made any bid at all.
"CHAs. H. FOY.'
"Kinston, N. c., March Is, 1904.
North Carolina-Lenoir County:
"The execution of the foregoing instru-
ment was this day acknowledged before
ne by c.. H. Foy, the singer thereof.
witness my hand and Notaral seal this
March Is, 1904
"W. B. BROWN, N. P"
Mr.. Foy is one of the first business men
in Eastern Carolina, a gentleman of the
highest integrity and standing.
Mr.. Foy has TO connection with the
road whatever except through the owner
ship OF private stock. He is holding all
his own stock for over fifty dollars and is
buying more at that price-double what it
would bring when the road came under
the present management and he swears Il
WAS INFLUENCED TO PAY THE
PRICE DID FOR THE STOCK BY
THE BELIEF THAT THE RECEIV-
ERSHIP WOULD BE VACATED, AND
THE PROPERTY TURNED OVER TO
THE STATE AND PRIVATE STOCK
HOLDERS" Since then the property
has been turned over to the State and
private stockholders, they are in charge,
and today stock in the road is selling at
TWICE AS MUCH CASH MONEY AS
WHEN THE PRESENT MANAGE
MENT TOOK CHARGE OF THE PROP
ERTY.
Josh Billings said: 81 never argy agin
a success
ONE uIiMnQEQ Tu0iIChMn mi ARC