The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-03-03
bility for the misleading communica-
Bond settlement.

ton.
Bond settlement.
The bill authorizing the payment
of two hundred and fifteen thousand
dollars in settlement of the Schafer
bonds, coming up on its second read 4
ing, MIR. Powers. of Rutherford, said
that twenty-five years ago he and
Major Graham, now present and rep
resenting Lincoln county, were MEM
bers of the legislature that issued
what were known as the computation
bonds, which provided q settlement
for the incubus OF a debt of forty
million dollars which had hung like a
black cloud over our poverty stricken
State. That the bonds now being set
tied, were about the only ones which
did not accept the terms and
the fact that after twenty-five
years their now coming in and
virtually accepting those terms was
credit to the honor as well as sagacity
of the settlement OF 1879.
Major Graham, of Lincoln. SAID
that he would only add that the set
element of 1879 was made by COM
mittee of the legislature and the
bondholders III conferences, Just as had
this settlement been made
Judge Graham said he felt like con-
graduating the committee for having
effected the settlement without de-
parture from the Democratic plat
form.
Mr.. Murphy, of the committee hay
ing In charge the settlement of the
bonds, stated that the report of the
committee and the message OF Gov
ernor Gienr fully set out the transac-
ton and he would not consume the
time Of tho House III any further
statement
bers present voted Aye. Patterson,
Republican. of Swain county. voted
No. Mr.. Butler Of Sampson, was cx-
cusea from voting. He stated that
he had no interest direct or remote
in the matter except that of any
other citizen and tax payer OF the
State, and as q representative OF his
people
a motion from Judge Graham that
lnously adopted.
The bin provided for a bond issue
not 10 exceed $250000, and after
passing it's second reading was placed
! on the calendar for it's final reading
Friday.
Passed Final Reading.
TO change corporate limits of Ma
| con-
To incorporate the Lemon and Wa
! tauga Railway Company.
| TO allow Baden county TO sell coun-
| ty bonds.
To consolidate and revise the char
| ter of Winston.
To amend the road law of Chowan
| county.
To allow Buncombe county to erect
| a. building for the care of the aged
| and infirm.
| TO allow New Hanover county TO
! issue bonds for good roads
To allow Beaufort county to issue
/ bonds for building a court house
| To allow aldermen OF Greenvilie TO
| borrow money not exceeding $lO,UoO'
To amend the charter of Ktnston.
| To amend the law of 1908 author
! Ting q special tax for Edgecoube
To incorporate Richmond in onslow
TO establish graded school in ter
/ ritory in Wilson, Edgecombe and Nash
| counties.
! To amend the prohibition law for
| Cumberland county
To incorporate the North State
/ Telephone Company.
| To build Il good school building IN
| Asheboro.
TO provide for drainage in Forsyth
| county
TO provide salaries for county Off
GERS of Forsyth.
To extend the time for organizing
| the Winston Trust Company.
TO allow council of State TO sell
the steamer LfIy. (Judgc Graham
said he thought this thing had been
sold years ago and he moved that
| it's name he stricken from the Navy
| and list of State WarshipS, and tbs
| motion WIS adopted unanimously by
| a rising vote.l
TO prevent pubic drunkenness in
| Mitchell county.
| For relief OF certain tax collectors
| in Haywood county
To Incorporate j. Nj. Kay camp %
Confederate Veterans.
Trustees Of University.
| At 1890 o'clock the House balloted
| for now members of the JniversitA
| trustees, and the following were elect
| ed for the terms Indicated:
For the term ending l9l3-B r
| Dixon, ClcVcland r.. A. Doughtoh. NJ
| Jeghany; T.. A. Daniels. Wayne; T. =
| Long, Iredell II. w. Hancock, Graf :
vile; i. j. Cox, Anson; Chas. Prize.
| Rowan: r. s. Rollins. Buncombe; f. 5
Spr1ill. Franklin: Claude Dockerv
| Wake: John Sprunt Hill, Durham; l.
| r. Moore. Pitt: j. n. Holt. Guilfora
| Chas j.. Jones. Buncombe: n \
| Ramsey. Durham; A. Nj. Scales, Gui,-
| ford: Geo. w. Connor, Wilson; }. ,
Cunningham, Person: $. {. BragaW
| Beaufort.
ITol term ending 1ao7-A. II. Elier
| Forsyth; j. a. Lockhart, 1r.. Arson
Chas. E. Aycock Wayne: w. ,. Pear
son. Burke; Chas. NJ. Stedman, Gull
| ford.
For term ending 19O9-Thos. Ruliin
| Meckleuburg.
For term ending 19O11-B G. En-
| pie. New Hanover: c. F Toms Hen
| dereon.
Appropriations.
When the recommendation Of the
Joint appropriation committee came
up. providing specific appropriations
for the various state institutions
Mr.. Laughinghouse of Pitt, said he
could not consent TO its passage WITH
out entering q protest against the APP
| preparations 10 the State Normal aud
industrial College at Greensboro anu
the Agricultural and Mechanical Col
! legc ut Raleigh. He said at the lat-
ter college bankers sons and rlch
mems sons were being educated al
\ It9ta'c axnpnra NsshiIp old HELPLESS