Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1905-02-23
cENsURE FOR SOUTH DAKOTA.
North CaroIians Incensed at Reports
That Bonds are Being COrnered.

Governor Glenn from North Caro-.
lima. The letter is baised on reports
which have reached North Carolina
that South Dakota contemplates pur-
chasing more of North Carolina. s
repudiated bonds, aud asks, if these
reports are true, that the two senator's
endeavor to have action taken by con
gress condemning South Dakota for
such course The letter says in part:
'You know the legislative and execu-
tive branches of North Cardinals gov
ernmen are much exercised over the
best way to make just aud honorab bic
settlement of the Judgment Obtained by
South Dakota amounting to S28, 600 AND
costs, as well as the remaining 1912 600,
of bonds issued in aid Of the Western
North Carolina railway. Just bow
the friends of the bondholders, who
have been demanding that our state
pay the pound of flesh regardless of
its effect upon our people, are busted in
an effort to infiuance the legislature in
circulating a report that the senate of
South Dakota at this session of its legis-
lature has passed an act which is now
pending in the house, direcSing its
agents to go upon the bond markets
AMI buy at the lowest possible price
bonds of other states. and that this
bill provides that the proceeds OF bonds
heretofore donated can be used in buy
ing other deprecated securities, and
then by an endless chain enable South
Dakota to obtain from its sister states
all the bonds desired for internal
improvements, 1t is also openly ssid
that this is to allow the state 70 deal
with Shafer & Brothers of New York
in getting into its hands the remaining
8242, 900 Of bonds. "Such an act by .
sister state Ia so monstrous and foreign
TO what appears to be good faith in the
comfy between states, that / cannot
believe IL, and am satisfied IL is being
circulated for effect. Tit 10 not true,
what now say will not apply. but il it
il true, il Is high time that IN congress
o ringing resolution be introduced
dealing in no uncertain but in NEST
scathing terms with state which thus
allows itself TO be used as o oatspaw TO-
annoy and harass another sisser state.
Let Ms ofIer them rs cents on the dollar,
this being what they actually paid and
which the other creditors received in
our debt settlement, and to this add
intrest, at per cent to date. ask
You to find ont from South DakOsa's
representative If these reports we hear
are true, and il so i ask you to comfer
with our representatives in the houss in
order that such scheme to Inquire
sister state may be exposed, aRscs prep
erly condemned 1 want this debt
settled at this term, and will urge the
legislature to providesfor paying what
is right, bnt if after this effort they
till refuse TO meet with Ms in tSying TO
effect an honest adjustment of tine
whole matter, then in the consss and
elsewhere, with every meaus in my
power, in the name of the state, will l
resist the collection of these bonds, and
| I feel sure that, when the United
States supreme court sees our attitnde
of fir,nness and Willingness to pay what
is Just and right, it will sustain as IN
preventing judgement, or at least IN
refusing to allow our stock TO be sold
to satisfy Judgments thus obtained by
COLLISION between individual and a
sovereign state" Representative Martin
of South Dakota, speaking of the letter
above quoted, said that during the
present session of congress he had
received numerous letters from holders
of these repudiated North Carolins
bonds Offering to donate them to thu
state of South Dakota for the use O
specified state institutions. the scheme
being that South Dakota should estab
lish the validity Of these bonds ID tn
courts, individual holders being unabl
Ito bring suits for that purpose. Mr.
Martain says other members OF tn
South Dakota delegation have receive
J similar letters and that an identica
! policy has been pursued with regard 7
. them, The letters have been throw
.. into the wastbasket on the ground ths
I, proper comfy between the sewers
states would forbid any such procedure
Mr.Martin knows of no legislation !
3 South Dakota this winter answering
! the suspicious expressed by Governo
' Glenn