The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-03-26
Leads all North Carolina Daies i'm News and Circulation

the purpose of having a receiver ap-
pointed l was anxious that the road
should be leased. for / felt that as
| stockholder l had not been treated
rSht. and did not know at what time
| would be swept off my feet Upon my
saying that he wanted me to let him
iIave some stock l told him l would think
it over that night and let him know in
the morning. The next morning Col.
Hinsdale came into my office and | told
him l had been thinking the matter over,
anu l had come to the conclusion that
| before letting Capt. McBee have any
stock, l must confer with my associates
and | asked Col. Hinsdale If he did not
think l was right. He said he thought
So."
Soon afterward Capt AIcBae came ana
Mr.. Duncan told HIM the same. Capt
McBee assured him that the interests
cf the stockholders would be Sc clre,l.
He finally asked Mr.. Duncan Who his
associates were, ii any OF them were in
Raleigh. One was Mrs. Tucker MIR.
Duncan saw her and she was unwilling
to release Mr.. Duncans stock from the
asso citation for fear it would diminish
the value of hers
Mr.. Duncan told Capt McBee what
Mrs. Tucker had SAID, and Capt McBee
proposed to buy 1,700 shares of stock
fo~ $170, 900, give q note for the amount
and pledge the stock as collateral. Mrs
Tucker wished to consult her lawyer,
Judge Womack, before deciding the mat
ter. When Mr.. Duncan reported this TO
Capt. McBee, he said that would not
do He seemed to be in great haste.
and looked as if he wanted to ssialroad
the whole thing through.
Mr.. Duncan told him he would mi
sell him single share for 81 900 unless
he had the consent of his associates
Capt. McBee had taken a letter out of
his pocket and said he was going to
withdraw his proposition to lease the
road This was OH the morning of the
odd
Mr.. Duncan added that Capt. McBee,
| in telling about the matter of the re-
ceivership had suggested thaS Mr.. Dun
can be co-receiver, and Wnen he rd-
turned from Norfolk, Capt. McBee had
said that he could still be co-recever
Mr. Duncan replied that he would not
accept the position or do anything with
cur the consent of his associates
| On cross-examination by Judge Robin
son, Mr.. Duncan said it was true that
he and his children We're next to the
largest private stockholders, and that
he and his associates were in favor OF a
lease, and that he understood there had
been an effort on the part of the Gov
ernor to have him removed as a direc-
tor.
Mr.. Edserton, manager of lie Western
GIion Telegraph Company in haleigh,
was next called and produced a telegram
from X. S. Finch dated Eli
abeth City, March 22nd. and ad-
| dressed to Capt. McBee asking him to
be in Raleigh ThassYay and Friday, and
saying that he, Finch, would be in Raj
eigh on Thursday.
| Governor Aycock was cross-examined
by Mr. Maxwell as to the various propo-
sitlons to lease the road. In the course
of his testimony the Governor stated that
he had told President Bryan that the
read would not be leased to him on any
terms whatever, as he was the President
OF the road. The Governor said there
were now before him two propositions
for the lease of the road, one by Miller
and Finlayson, representing the Atlantic
Railroad, and by the Raleigh and Pamiico
| Ranroad.
! Speaking of his conversation with Capt.
McBee, the Governor said that he had
been much struck with the frankness Of
that gentleman, but that after the bill
was filed he had changed his opinion as
to that frankness
By the time the discrimination Of
the Governor was concluded it was al
mcst seven O'Clock, the hearing so far
having occupied nearly three hours
Gen. Gilmer stated that it was desired
to examine Capt Day. He had been
summoned. but he understood he was out
of town.
Tbereupon Judge Clark adjourned the
hearing until ten o'clock this morning.