The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-10-01
OLOBONDS|NSP|RE
INDUSTRIAL NEWS
Pettigrew is Buffers
"Monied Man."
PART OF OLD GAME
The News and Observers Charge Tha
the New Greensboro Daily is the
Mere Mouthpiece Of Future Re-
pudiated Bond Negotiations
Sustained by Evidence.

When the news was first announced
of the great Republican daily which
was to be started in Greensboro, it
was felt that the money which would
go into the enterprise would be placed
there for a special end. Few people
who knew anything of newspapers,
and, more particularly, of the brand
of Republicans who make speech in
North Carolina, placed any credence
i'm the talk either of the political or
industrial sinificance of the sheets
which We're in the process of daily
birth. The revenue crowd is enthuS-
irStic to the point where dollars COM
mence to go out. Their patriotism is
of the come-easy variety and the bust
ness of their faith is contingent upon
substantial return.
Therefore, in spite of loud vocifera-
ton to the contrary, it was felt that
beyond the subscription to a few shares
i'm the way of loyalty" the average
Republican would not be in haste to
go into the organization of paper in
tended for circulation among con-
stituency which could not read and
the expenses of which, beyond the mi
tial capital, would be in the neigh bor-
hood of sixty thousand dollars year.
behind this journalistic hysteria which
broke out i'm Greensboro like an cpl
demic of giggleS in the female semn-
AIRY? Surely il had Il significance and
the activity of Mr.. Butler meant that
the aim was golden. Unless the pa
per had a special end, the sight was
crooked as goose neck. What was
the special end?
After the dazZ.c of the contending
claims of the regular Republican
sheet and industrial News" had worn
out; after Mr. Blackburn had posed
with a quill behind his ear; after Mr..
Rollins had submitted himself to the
Kodak in stalwart pose. the Tar Heel
evanesced and the face of Butler, cool
and keen and slick, rose in undisputed
splepdor over the destinies of the
News. From a political. the situation
had merged into an industrial one
with Butler in overallSi Considering
the character of Mr.. Buffers Well
known ambitions, which had veered in
the years from a species of political
embracery to a loving maintenance at
the expense of his State in/the matter
of old bonds, it became evident that
the News was a cold business PROPOSE
tion-as Butler understands finance. If
the money was going to be spent. in
what pursuit? And who was putting
il up? The tales of Mr.. Buffers great
and exceeding success as lawyer and
speculator, are largely like the cpl
dermis of a balloon. 1t is granted
that he has made some money.
enough to soar with. and that he
seems To think that he has found in
his native State a goose that will con-
tinue to lay him eggs of gold. Some
of this money came doubtless, from
the opportunities of politics. some
more came in. "a rush when the bond
conspiracy entered into by Butler, Rus
sell ct al was partially successful.
Hence, with an earnest thought at
ter truth. this paper suggested that
ian the Industrial News Mr.. Butler was
doubtless merely sending some por-
ton of his profits into d return en-
cement with the bond question and
that. in this venture as in that before,
he had as side partner the monied Mr..
Pettigrcw. who has lately adopted
North Carolina, as it were, as his very
Own-to own,
The out-burst that greeted that
diagnosis was one to bring tears Mr..