The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1905-02-24
THOSE STATE BONDS.

1t was given out froan Washington
a day or so ago in reference to the al
legged intention Of the STATE of South
Dakota TO go into the business OF spec
uiating in old state bonds n said
state would pursue no such Course.
An Associated Press dispatch from
Washington stated that our senator's
had interviewed the congressional rep
resenatsves of South Dakota in pur-
suance of the request of Governor
Glenn and had been assured by them
that South Dakota has no intention of
purchasing additional North Carolina
bonds This Washington dispatch
further stated, as readers of Sundays
Messenger Wal remember: 3
In explanation of h attitude OF
South Dakota toward a sister state in
becoming a creditor through the pur-
chase of North Cardinals r~epudiared
bonds 1t was said today that the &C
ton in buying the bonds was taken by
the South Dakota legislature several
years ago.. The South Dakota senators
declared rdhat their state would not use
the proceeds OF the sale Of bonds they
now Did IN order to purchase add
tio1al INK This assurance has been
autographed by Senator Simmons TO
Governor Glenn"
The Raleigh Post of Saturday pub
lishcd h telegram Of Senator Over
det5er On the subject which was as fol-
bows:
GOV. r. B. GLENN,
Raleigh, n. G.:
Am assured South Dakota will enact
mo legislation ito further the schemes of
the bond holder; but legislation the out
come of the unhappy populist days, I'M
der which suit was brought, VIII be re-
pealed.
LEE S. OVERMAN.
In the same issue The Post COM
ments editorialy upon this telegram il
the following language:
That sets ait rest one disturbing ele-
ment of the situation; but does net re-
lieve his state of THE obligation lest
ing upon it. The fact now beng reCOg
nized and fully established in the minds
Of our people that a just claim is out
standing against THE state, THE COVER
nor and others viii address themselves
to the question of reaching an honora-
BILE and fair settlement o fthe claims.
So tar so good. 1t seems from THE
published UP ito that date that the pep
Pile need have mo fear AIS ito the rurlor
THAT South Dakota was going to buy up
outstanding bonds of this state of old
issue and through suit in the federal
supreme count force the state to pay
ment. We are told THAT the act under
which the suit in which payment was
obtained against our state vas am old
one, a relict of days of fusion control
and that it would be repealed.
But in Sundays Raleigh Post we find
this Paragraph i'm reference ito this mat
ter in the letter of that papers special,
correspondent lin Washington city:
The letter from tuhe senators inform
ed the governor that the report to
which he referred was true-that is the
passage of the act in question by the
South Dakota seGIate-but the further
inf was given that the South
Dakota senators and representatives iii
Wasnin gton Indicated THAT the bill
would NOT pass h house. AS Senator
Simmons said there lis MO guarantee
SASrI III oOo>Al Hbhob Ooho WIZ iioS
pass THE measure, and that the only as
surance offered the governor lis the eX-
preston of the belief ON the part of the
Dakota members whose interviews,
which appeared in this correspondence
this morning fully represented their
views.
If this last be the correct stat ement
of the situation We ARE mot yet out of
the wobds. According to this it depends
upon THE action of the South Dakota
house Of representatives whether or mot
OUT state will be forced to defend other
suits brought against her ito enforce
payment of those bonds. The bill, it
Will be seen, has passed the senate. The
also?. AS plans of forcing payment of
these bends and the speculation on
them by their state has been approved
by the South Dakota senators it would
seem probable that the members of the
Tower house would be very fikelJ to
adopt the same.
We do not understand the conflicting
statements regarding this matter fol-
lowing so close upon each other and
coming from the same sources of infor-
NATION.
Whatever the conditions may be, We
hope the present legislature will make
final settlement of the matter. Cover
nor Glenn is anxious to have lit do SO
and is doing al hin his power to get rid
OF this perp-exng question of the states
liability on Ilese bonds. 1t is a uues-
tion which should be solved as soon as
possible, but with due CON ideration to
THE honor and fair name of the state
as We'll as to her financial Interests.
Only one remedy In the world that