The Montgomery advertiser., 1907-01-10

North and West. The national govern.
 ment Is spending a large sum oi immigration station like the one al I Ellis Isiand and this will furnish bet ter opportunity for the South to se- cure iaborers for its nelds ana tsct- A bureau might be established presid- bureau should be furnished with con charge ' on fS the State for for only such a time as 1t should appear to the Gov ernor that It is efrective. The need for additional labor for all lines is very imperative. A stream is already begun to this State. Some little assistance | would keep 1t open and provide for its enlargement There cannot be before ! you many more important matters for your attention than this.
 l Sale of New Bonds.
 | . The bonded indebtedness of the State was ss.s57 500, as follows; .y so ssse.. July 1906. and ss5l,ooo due in 1920 . Those due in 1906. January and July. to the aniuont of $S,40s,600 have been ceived from the sale of ss.ios.0oo. The premium on thfs last amount being suf- hcient to pay for and retire $300.S0o or the debt. The whole debt has been penSs to oy yhs that of st cept something like $300,000 of them, 1 have been cancelled and are in the vaults of the State Treasury. sng- , see that they are destroyed: The law does not now provide for the burning | of these particular bonds.
 up those due i in January. 1906, at i.O2 or a premium of two dollars on the ! hundred. This Sale was made In Mo- vember. 1905. I even hoped to do as July 1906. but caught higher mar ket I advertised for bids for fifty year bonds at 8 1-2 and 4 per cent. got onlyea few bids for l.2 oono larger part of the per cent to deliver . of the previous January issue. In this open competition had offerings to cover about three times the amount nc,i,, cred the bonds to those bidding the highest premium. The accepted bids ran from a premium of two aa dollars ts s4Isa hsadead ea pn per cent bond 0Gaa on the he issue of January. 1906: collected a premium of $lS,320. and on the larger to an issue of As alone, was collected premium of s319,71S.11.
 I seriously contemplated paving the old Gs or the argsr part fbs S5 ths wisn authority to do so. That plan prom
 sed large sSving of wfs the the Legislature when 1t should meet felt Inclined to and had authority to re-is-
 while the sale of the July bonds was not altogether satisfactory at the time. have seen no day since when think a better bid or even so good pid Wggid y.2g bTS eese Tse ennuai DteTes has been reduced from $448.SS0 to $357 $50. a saving for each year of S91. 230. This nss 1ssn o% sna sss ESs Oo0. As to the $3O0.6O0 in bonds re tired let me say that 1t is very probable you can. if you see fit reissue this ty of such a project Is. however, debat- able. In the meantime the interest on them has been saved.
 Besides this saving in interest and this saving in the aggregate of the debt. found after paying necessary expenses that had on hand of the pre- caused to be covered into the treasury. That the Journals may hold and keep the transaction have thought 1t pru- dent to furnish in this message brief statement:
 Total amo't re-
 ceived as pre-
 mium on C's. 8 i9,320.00
 Total amo't re-
 ceived as pre-
 mium As & Bs 319,718 H. 339.03S. Il
 Expenses: Express ..~... S.268. .0s
 Expenses to New York: Gov. three times. @ Treasurer once S6Z.S
 Private Sec to
 Gov twice.. Advertising 1929 ,.,,o,, oid HGbon bonds pd. for and retired oo.s0S. .6S Leaying ni balance to cover into S
 Treasury .. ...:. ...... 25.707 9S Capitol Extension and Improvement.
 As is known to you. the last Legis- iature made an appropriation of $15O,-, 900 for the improvement of the State Capitol building and grounds and for the acquisition by condemnation or pur- chase of any real estate necessary or beneficial in improving the present cap ouisition of any necessary additional building or buildings for the use of tho state" The act created Capitol of carrying out its provisions, to con eral. State Treasurer. state Auditor. the Department of Archives and His organised June as. 1904; and st once entered upon It's work: IL WonldS serve rye Alterations of the Commission. or to re- count the stages passed in reaching Its decisions spt1ee 1t to say Il that ato ti, the ties imposed. has acquired for the State the South portion of the Capitol Square. t has extended the Capitol ,.Io 5y the cree re s approximately completed, and 1t has caused a number of Improvements and repairs to be made on the old or main building. The purchase of the lots named was imperatively demanded in order to provide room for necessary ex- tension and in order to give proper
 For long time there had been pressing need for more room for the proper conduct of the business of the several offices and departments of the State. In no way did 1t ar?ear possi- ble to the Commission for this to be se- cured except by the erection of an ad- dition to the present Capitol building. In reaching a conclusion as to the best form for such extension the Connmiss1cn took much time for deliberation, and before formal action. in addition to the advice of MT. Frank Lockwood, the pert advice of Mir. Charles F. McKlm. of McKim, Mead and White. a firm of the greatest architects in the world. The addition as erected was rIanned bv Mir Lockwood. and endorsed by MT: McKim after a personal inspection of our present building and a study of our needs. situation, etc. This addition Is in architectural harmony with the orig inal structure, and is so built, as to be subordinate to it. It is as large as was possible to make with the funds
 Owing to the lack of funds the im- provements and repairs on the old building are not as extensive as was designed. but they are such as was thought most needed at this time. To- gether with the extension they form part of a general scheme of Improve me- details and plans Of which are in the hands of the Secretary of the Com mission The addition and the Interior