Arizona republican., 1910-01-22
North Carolina Walks the Floor.

North Carolina Walks the Floor.
 The famous comity which subsisted between the governor of North Caro- lina and the governor of South Caro- lima ought to serve as an example for states in their relations with each other-at least the state of North Carolina would like to have the state of Rhode Island take that view of the question just now.
 Rhode Island happens to be in a position to make North Carolina pay some repudiated North Carolina bonds Just how much of the debt saddled upon her during the carpet bag re- gime was repudiated by North Caro- line We don't remember: but it runs into some millions. Individual holders of these bonds have no recourse. They cannot sue North Carolina except in her own courts and the North Caro- lima courts have held the bonds in- valid. state cannot be sued in the federal courts except by another state. Disguised and in despair, certain hold CTS of these bonds made q present of their securities to the state of Rhode Island. the other day. and the legis- lature promptly accepted them and directed that they be placed in the state treasury. It was. of course. the idea of these bond holders that Rhode Island would in due course proceed to collect the amount represented by the securities.
 When this news got out the people of North Carolina became somewhat nervous. for they remembered the experience of their state with the state of South Dakota. few years ago some North Carolina bonds were presented to South Dakota, and that state sued North Carolina in the su- preme court of the United States and got judgment. North Carolina grum- bled. but she paid. She felt that she had a just grievance against South Dakota. She pointed out that the bonds in no wise had represented an investment or expenditure of any kind by South Dakota. and that the pro- ceeding was an unjustifiable holdup: and. moreover. it was insisted on be- half of North Carolina, South Da- violation of the courtesies which should prevail between states. This view of the matter seems to have at length received approval in South Dakota: it is stated that steps have been taken to refund the money so ungenerously yanked out of the south- ern states treasury.
 South Dakota is now rich enough to afford conscience whereas a few years ago she needed the money.
 But what will Rhode Island do? North Carolina is anxious to know. There are indications that the little state will. on second thought. refuse to take advantage of the opportunity to raid the North Carolina treasury. The legislature is showing signs of regret that it acted so hastily in ac- cepting the bonds. In one of the houses resolution is pending which provides that the bonds shall be can celIed and left in the Rhode Island treasury as historical evidence of the good will that is entertained by the state for the southern sister. reso- lution in the other house provides that the bonds shall be forwarded to the treasury of North Carolina as pres ent to that state from Rhode Island. It is likely that one of these sug- gested lines will be followed. although it is reported that there are some members of the Rhode Island legis- lature whose notions of thrift lead them to advocate collection of the debt
  Carolina for payment. the latter state would claim that no other state could | take such action with so little grace. 1 Rhode Island and North Carolina were | close sisters in the revolutionary days. l They stood together in their hesita- ton to enter the Union, and in their | fear that by so doing they were sac rificing too many local rights.
 And it must be conceded that Rhode Island would be doing an ungracious and undignified act in performing the functions of a debt collector in this | instance.
 Pima County's New Railroad Bonds.
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