The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-03-03
Chairman of tlse Committee on APP
preparations Who Secured the
Passage Of the Appropriation
Bill Yesterday Without
Dissenting Vote

Appropriations, and tho other mem
bers of the committee, and they were
cordially congratulated for their work.
The bill authorizing the payment CT
two hundred and fifteen thousand dol
lars in settlement of the Schafcr
bonds, passed its second reading in the
House after Il brief discussion, and
will have its final reading today. The
! bill provides for a bond issue not TO
exceed $250,O00.
Al noon the Senate and House elect
cd the members Of the board Of truss
tees OF the state University. No
change was made i'm the report Of the
committee containing the nomina-
tionS.
The Scales bill to prevent fire in-
/ surance companies from limiting the
| commission of agents received from
other fire insurance companies. passed
! the Senate after a long discussion, BY
q vote of 81 to 4.
Senator Webb introduced a rcsold-
| ton inviting the National Education
ai Association TO hold its annual con-
| vcntion for the year 1906 within the
( state Of North Carolina in the city
/ Of Ashcvillc. The North Carolina Ifdi-
! torial Association has heretofore cor
/ daily ana urgently invited the Ma
/ Lional Association to hold its next
meeting in this state.
/ \ message was transmitted By the
/ Governor relative TO the report of the
! special committee on the Dakota
| bond Judgment and Schafer Brothers
| bonds.
The following is the full text Of the
1 message:
| TO the Honorable The General AS
| sembly of North Carolina.
"Gentlcmen:--Yo know that since
/ my induction into office. that / have
done everything in my power 10 bring
about an honest aud just settlement
1 OF what is known as the Dakota JudB-
mcnt and the Schafer Bonds some
! time ago | sent TO your Honorable
Body q special message. urging you
to take some action in regard TO both
matters. I'm compliance with this
message. you appointed two gentle
men. on the part OF the Senate, and
/ three on the part OF the House. who,
/ with the Governor were . commit
tee 10 act witl the Council of state
10 take into consideration both the
! Dakota Judgment, and the settlement
| of the Schafcr Bonds. This c0minit-
! tee met. and had no difficulty in ar
TiVing at the conclusion that in re-
! gard to the Dakota Judgment, the
matter should be left TO the Executive
! Department TO take such action 3s II
deemed Wiscst and best. In regard TO
4 the f9Iil0IEI IsDuuSt G0uAlGEA III NAA~
4 bondlolders we're invited to be preS-
! cut at the meeting and they made 4
! proposition To take par for their bonds.
I In other words S2f2.00o.00 for the
/ 242 bonds held by them. II IS also
1 wei known TO you. that this is a very
/ large reduction in tho first PROPOSE
! ton indicated 10y the bondhoiders.
| First they suggested s2ab,00V.o0. Then
4 $3.50 100000; then in writing. Sj02,-
| 10000, and at the meeting OF the COM
| mittee se4e.000.00. The COMMITTEES
rejected this proposition. but made
them o proposition Of sse5.84e 90. -
this to include the South Dakota
! Judgment. as Well as the amount of
their bonds This proposition WAS not
accepted hy the bonahoider3. and after
much discussion. your committee as
| lnality. offered 70 give the bpndhold-
ers Sg92.00 cash each for the 249
| bonds. mailing sets,56I.00 This
proposition has bean arcepted By the
Continued Oh Page Thresl