The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-06-07
THE HISTORY
OF BOND ISSUES
North Cardinals Position
to Be Made Plain
READY IN THE FALL

State Historical Commission Will Have
npeten Editor to Collect from
Original Documents Plain, Unvar-
nished History Of States Bond Is
sues in the Volume to Be the State 8
Answer to Disingenuous and Mis-
leading Statement Made in Regard
to Special Ia Bonds.
In view of the continued m%isrepre-
sentation Of the attitude OF the State
Of North Carolina toward the Recon
sruction bonds, repudlated by the
State as fraudulent, the North Caro-
lima Historical Commission Will pAb-
lish at an early date, a complete docu-
mentary history of all the transactioas
Of the State of North Carolina rela-
tive to the issuance and sale OF bonds.
This will be one of the most vaiua-
BILE public documents ever issued by
the tSate. 1t Will contain every bill
introduced into the General Assembly,
every law passed by the Assembly,
every report of the committees OF the
Assembly, every message of the gov
ernors, and all the financial transac-
ton Of the Treasury Department, re-
lating to bonds, and every other docu-
ment that can be found that will
throw light on the States attitude to-
ward her obligations. In short, the
volume will be a complete history OF
the bond issues of the State as shown
in original documents.
These documents will be collected
and edited by a thoroughly competent
editor. There will be such explana-
tory notes as will make all the docu-
ments plain even to the reader
initiated in financial affairs, and an
giving in succinct form
a plain, unvarnished history of the
States bond issues.
A copy of this volume will be placed
in the hands of every governor of a
State in the Union, in every State Lii
brary and in every important public
library. 1t Will thus make Die
in convenient form, for any person
who is interested, or may be interest
ed in the bonds of the State, complete
and authoritative information on that
subject, and will be the States answer
to such ~dfsingenuouS and misleading
statements as hat recently issued by
the committee for the holders Of Spe-
clal Tax Bonds Of North Carolina, and
addressed to the Secretary Of the
Stock List Of the New York Stock Elk
change.
The State Historical Commission
hopes to have the volume out some
time in the early fall. The Commits
sion believes that this publication will
show plainly that North Carolina did
not violate it's duty as a member Of
the Union and defy the Constitution
of the United States, as Mr.. Carlisle
and his associates would have the
country believe, in repudiating the
Special Tax Bonds; and will make 1t
evident that instead, as the above
committee says, of making "piteous
appeals to the local authorities Of
the creditor states to refrain from
taking judgments on the Special Tax
Bonds donated to them and thereby
bringing about a settlement for the
benefit of their citizens" the State
might with perfect safety invite the
issue. 1t the same time in Justice to
the other States North Carolina wishes
them to understand thoroughly the
character of the bonds which the
committee Of the boniholders are
seeking to impose upon them, and
this explanation, completely and plain
ly, this proposed publication Of the
State Historical Commission will piye