The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-02-15
THE DAKOTA BONDS
Neither ZoIlicoifer nor
Murphy Resolution
Was Adopted.


decided 70 adopt neither OF the pend
ing resolutions in regard II the South
Dakota bonds and the Scllnfal T'roth-
ers proposition.
After lengthy discussion. the mn
mittee referred both resolutions 10
Senator Duls authorizing him to fra me
now one embodying ali the proVi*-
ions desired. 1t was stated thai the
Murphy resolution Went 100 far, and
that the one Of senator Zol!icoffer ola
not go far enough, neither continuing
Just What should be done.
The resolutions Of Senator Zoili-
Golfer and Representative MURPHY
were read, the committees confinjng
remarks wholly - tieir considers
lion.
Mr.. Williams moved that Il sub
committee be appoiEte'L 10 draft
resolution enbQ0yilG hu' me bonus
and the Judgment.
Mr.. Foushee moved that to the res
olution Of Mr.. Murphy be added the
words south Dakota Judgement, SO
that it would include and provide for
everything that should be dof1c. lie
said that the Governor ana CGunci
Of state are rhc proper p9, ,trS 10 de.
eide upon the matter.
MIR. Burton said he could NOT see
what there VAS to illves'i gate in re-
j
thing was whether there Coul, he ef-
fectcd compromise.
Mr.. Williams said there was also
the question of whether there was
| or not anything tn be sold if the judg-
mcnt were not paid.
Mr. Burton continued that the high
est court IN the land, from which
there was no appeal, had decided upon
the matter and he sAw nothing to
investigate in regard TO the judgment.
Mr. ZoiIicofer said one question
was, whether this Judgment should be
paid IN full Those specified in his
resolution were competent to decide
how much should be paid, ana ar-
thorized them to direct the payment!
The Supreme court has declared these
bonds valid, but he people OF North
Carolina feel, and viii always feel
that a fraud has been pcrpetrated
upon the State. He SAID the House
resolution naming three Representa-
tiveS and two Senators to serve on
| the committee, was proper, ana he
mad no objection TO these being added
| to his resolution. lie thought that It
| either resolution was SO framed so as
not to commit the Legislature to rec
| ogrizc anything in the bonds to the
| extent of one cent. but authorize an in
vestigation it should be done. He said
| the General Assembly should rot in
| sist that the committee report to this
| session OF the Legislature and al
| though the matter should be wound
| up the State should not break It's neck
N paying the judgment.
Mr.. Sinclair said he did not know
| whether 1t would, be wise TO adopt
any resolution at all.
MIR. Eller thought MIR. Zolicoffer's
| resolution should ne adopted. that the
Legislature should, 50 tfat far i no
| further. .9 u
| Mr.. Foushet Thought to f.s button
| OF Mr.. Zollicoffer should go further,
land authorize the committee to COM
| promise with the other hondhCli-
ers. He said il Ricaud and Busbee,
| counsel for Schafer RIolht rs have
! proposition 10 make. let the commit.
tee have the power TO consider K.
| Mr. ZolIicoffer said h had no OBJ
| lection 10 the committees considering
a reasonable proposition from the
| bondhoiderS. .,f.< -
Mr.. Williams affirmed That tho :. l.
! torneys are about ready 10 make an
| offer OF 25 per cent. and l9;tciest from
/! 1879. If proper parties arc s,uLnnri2cd
| to receive it.
| Mr.. Gillian said The settlement of
| the entire matter could be made more
| satisfactorily than simply the tudg-
ment lie thought the Senate should
| adopt the House resolution. The mat
| ter should be put in shape Tor mme-
| diate consideration and action.
Mr. Duls said this is Il purely bust
ness proposition, and that 20 avoid
J costly jitgatiolr the state should, if
| it can buy the bonds at a, reasonable
price He said neither resolution Gov
cred the case, and 2ncther should be
| drawn He suggested that the mat
| ter be not delayed, but = new rcsolu-
/ ton he dra wn, embodylag oil the pro-
! visions deSired.
MIR. Williams moved that The reso-
:utions he referred TO Mr.. Duls. rs a
COMMITTEES OF one, To frame & subs:!-
tote resolution and report to ;hc COM
mittee TT rr5day aftcrroc" ut !
O'Clock.
The motion was put and carried.