The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-05-31
SEEK MORE BIDS
FOR STATE BONDS
serio Situation confronts
North Carolina Authorities.
Decoration Day Observed.
rsneci.,,oTb 1-i,,es-niens,ch

Especial TO The Tines-Dispatch.J
Raleigh. n. c., May 30.-Governor
Kitchin and members of the Council
of State are exerting every possible
innutIte &. secure within the reyt
week or two bids sufficient to take up
the remaining s2,23i.5oo North Caro-
| lima per cent. forty-year rcfuudiny
bonds to li1uidatc the ss,43o,Ooo bonds
| falling due July /. so as TO avert the
necessity of calling the Legislature
in extra session.
The bonds. under the Constitution,
Cannot be sold for less than par. ana
they must be sold through public bids.
Banks in North Carolina and insur-
ance companies. in and out OF the
State along with big corporations
generally that invest in such securi-
ties, are being appealed 70 tic put ir
bids for at least par for such guam
titles as will assure the floating of
the whole issue, The last Legislature
SO beset the bond issue act with re-
lstrictions that the Governor and Coun-
Gil of State have no latitude in the
matter at all They cannot even ex-
change new bonds for old ones with
| out calling the Legislature to author
lie 1T. Nor can they borrow any sum
! of money with which to take care or
the difference between the amount OF
bonds they are able to sell and those
falling due. and that must be met to
save the State Even this would re-
| quire the assembling of the Legisla-
ture In extra session to grant the au-
thority. 1t will probably be seyerals
| days before any further announce
ments from the Governor and Council
are Forthcoming. Then 1t will be either
| that the bonds arc at last foated or
that there will be an extra session or
the Legislature forthwith. 1t is est;.
mated that the Legislature can be as
sembled within ten days after a cali,
| Is issued. 1t would take probably n
week to take care of the bond situa-
ton. Then It is problematical as "a
whether their work could be conSned
to this or what bills and situations
would be precipiated
Decoration Day.
| The most notable observance ot
Federal Memorial Day that Raleigh
has experienced in number of years
and one that more than any previous
| ceienra ton betokened the complete
emma lon OF rancor or bad feeling
oetWeen the Blue and Gray, was that
To-day. The exercises were at the
| Federal Cemetery this afternoon win
Major B. F. Dixon, State Auditor. as
the principal speaker. Dr. Dixon hav-
Ing the honor of being the president
OF the National Blue and Gray Asso-
ciation. The Third Regiment Band
and the Raleigh military company
under command Of Capt. w. l.. Moody.
took part. DR.. Dixon made forcible
address. teeming with fraternal
spirit, and rejoicing over the complete
healing OF the wounds that for so
many years after the terrible four
Years struggle kept division and
| strife between two brave peoples Of a
| common country. A Memorial Day
poem was read by Major H. l. Grant,
and there were brief talks appropriate
to the day by Rev. Fl. M. North, pastor
of Edenton Street Methodist Church.
and Rev. T. p, Griffin. The chaplain
for the occasion was Rev. A. r. Hunt
er. rector in charge OF st, Augustine
School here.
Adjutant- General ]. #. Armheld is
notified by the United States Navy De-
partment that the government will
turn over to the North Carolina Naval
Reserves the torped boat Dupont
which is now at Charleston, where 1t
will be formally turned over to tho
North Carolina authorities lust as
soon as officers and crew of Carolina
Naval Militia can be Sent there to re-
ceIve It.
Il boz