The Robesonian. [volume] (Lumberton, N.C.) 1870-current, 1910-10-31
BUTLER AND BONDS.

! BUTLER AND BONDS.
Senator Simmons Cites News
paper Advertisement Where
Ex-Governor Russell, Butler
ard Others Advertised to
Handle Repudia.ed Bonds.
Asheville Dispatch, 2sth
In his speech here tonight before
the largest audience that has
gathered to hear speaker dur
ing the present campaign, Sena-
tor F. M. Simmons sprang a SEN
sation in handling the subject OF
Marion Butler and his bond deal
ings. After going into the his
tory of the old repudiated bond
f! issues and Marion Buffers con-
nection Herewith and the proba-
biIity that if Butler again came
into power in this State that ef-
forts would be made to collect
these bonds, Senator Simmons
made a complete answer to But
ler's Charlotte speech. In that
speech and on other occasions
during the campaign Butler has
stated that he did not intend to
collect the bonds and further
that he had never had anything
to do with the carpetbag bonds,
the ones he was employed being
ones other than the carpet bag
bonds. In the New York Eve
ming Post in 1905 there appeared
an advertisement signed by a
committee composed of w. N.
Coler & Co., R. F. Pettigrew,
D. L. Russell and Marion Butler,
asking for bonds Of all kinds to
be collected. The advertisement
of the firm first recites the decis-
ion Of the Supreme Court where a
judgment for ten bonds, with IL
terest amounting to $27, 400 had
been secured against the State,
and this had been paid, says
this has greatly enhanced the
value Of all these repudiated
bonds, because it has established
the law and the procedure by
which they can be enforced.
The undersigned committee in
1901 pooled all of one issue of
| North Carolina bonds and orig
mated the plan by which the
above successful results were
brought about, and obtained a
settlement for the individual
bondholders at a little less than
par. for their entire holdings of
these bonds.
This committee is ready tc
proceed with the collection of all
other repudiated bonds Of every
class of each State. This com.
mittee has no connection with
any other committee and il
knows that it alone is now in {
position to avail itself of the
above mentioned decision.
Senator Simmons made it clear
that Butler was a member Of
the United States Senate, repre-
senting North Carolina at the
; time he entered into this poo
and also called attention to thu
fact that he was allied with Sen
! ator Pettigrew and ex-Governo
, Russell. This exposition Of But
Ter opened the eyes Of his audi
ence since the Republicans AM
e Butler himself were claiming il
t all parts of the State that he ha,
f nothing to do with carpetba,
bonds, but including all othe
:, repudiated bonds came as start
u ling information.
y In a speech at High Point
It Thursday Butler replied to Sen
s ator Simmons and to charge
4 made in the Raleigh News an
~ Observer la Thursday whe
Il the advertisement referred t
); above was published in that pa
j. per, by saying that on Friday
n November 4, he would speak i
Raleigh and would denounce tn
charge that he is connecte
'e with any effort to collect frauc
y u|ent bonds as false and woul
/. be able to Drove it. He challenge
Senator Simmons and Edito
T. Daniels to meet him on that OF
=, :, casion and said that he woul
II discuss Senator Simmons recor
W and show tho real ROBSON VIII