Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1910-10-13
How the Repudlated Bonds Were ii.
sued.

sued.
Behind Mr.. Bartou's campaign
for the capture OF the hext Legis-
,ture is believed to be the deep
laid purpose OF the New York
holders Of repudiated bonds OF
North Carolina to force their
payment at this late day. In
deed, d committee of these bond.
holders has written an insolent
letter to the people Of North Car.
olina, threatening that il they
are not paid, the States credit
will be attacked and ruined by
them and theirIalleya. The letter,
written by one Andrews, was re-
piled to by Capt. s. A. Ashe re.
Gently, who gives the history of
these bonds and showed how the
fObfers aid their work. A full
history of the events will be sent
to any one who will write to
Democratic Headquarters at Raj
eigli.
From this narration. it will
sufficiently appear that the acts
authorizing the issue of these
Of these special tax bonds were
conceived in ain and brought
forth in iniqdity. They we're the
fruits Of a conspiracy to defraud,
the result Of bribery and corrup-
tipn.
In 1856 North Carolina had ali
orderly and eficientgovernment,
complete in every respect, exist
ing under a Constitution tn at
had been IN force eyer'since 177a,
long antedating the Federal Con-
atitution. That constitution ana
government was recognized az
lawful and regular by the Presi-
dent OF the United. States and by
the Chief Justice; but, in 1867
Congress anndlied it, against our
protesta and against the pro-
tpsts Of the President. The ccnti-
nuity of our government W as
thus broken; but "honest North
Carolina" did hotavail herself Of
that circumstance to avoid her
Just obligations. She has never
ceased to recognize the ohliga-
tion Of her debts she herself. had
therefore created.
Congress, having oyerthrown
loGr constitution and govern.
fhent, gstabliShgd a military gov.
ernment over o;af pjeopts; direct;
ing the enrolment as voters Of a
part of her white population and
all of the negro men, These vo-
ters elected, under military su-
pervision, delegates to q conven-
tion, who framed a constitution,
which provided Tor the election Of
st.. te officers and members OF a
Legislature. all male whites and
blacks, of age, being alike voters.
This constitution was submitted
to the limited number OF voters
the military had enrolled; and at
the same time this limited mum.
Der OF voters. under military su-
pervislon, elected State officers
and members of the Legislature,
about $4,000 whites entitled to
vote under the Constitution be.
ing debarred from suffrage. Cen
eral Candy called the Legislature
together and appointed W. W.
Holden Governor, he ha wing been
voted for at the election. Gov.
ernor Worth, the lawful Govern
or OF the State, being compelled
to yacate his Office on July 1,
1868, fled a protest, speaking
for North Carolina and SAYING
that he did not recognize the va
lidity OF the election, as appears
below. In the same month, the
National Democratic party at
the North declared that the gov
ernment set IN Ivy Congress in
North Carolina (and in otlier
Southern States) was unconsti-
tutional revolutionary aud void;
and General Cunl,y's legislature,
wing convened, on the Goth
day OF August, 1868, gave no.