The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-05-31
STATE BONDS ARE
SOLD AS To PART
BIDS for $1,218,5OO Are
Accepted By State
At PAR AND -FOUR ABOVE

a,sI.4iSA 81 NAAA
After Executive Session Governor
Kitcnin Announces That Nothing
further Was to Be Given Out Con-
rcrn;ng sale OF Rest of the Bonds.
Bids for a portion OF the four per
C,nr bonds Of North Carolina to re-
fund the issue of $3,4:0,OOO which
comes due on the first day Of July.
Tgero accepted yesterday by the Coun-
oil u State, these in the total amount
ing 10 $1.21S.500. and coming as seal
81 bids from forty-three parties, in
and out Of the State. The bids rang
~ from par to four per cent above.
The bid were opened in the office
.f me State Treasurer at noon, there
hAirs present in addition to the Gov-
arnnr and other mem DerS of the COun-
ri. of state. a urnb of parties max
in, bids and others interested in the
mtrrrr. At the conclusion of the read
inc of the bids Governor Kitchin call
al . meeting Of the Council Of State
ami invited to be present a number Of
brokers who We're present. After a
Conference with these there was an
executive session of the Council Of
State.
The executive session was held
ay3jn in the afternoon and after it
tower nor HitCillh AHN -
had been decided to,accept the bids for
sl.2I8.5O0. but that as to the remain
Der Of the total issue of $3,430,O0O to
be refunded. amounting to s1,211.o0O.
there was no action yet to be an
nounced by the Council of State.
It is hoped that the full issue Of
bonds win be taken so as to make 1T
unnecessary for a special session Of
the General Assembly. If the full
issue is not subscribed for it may be
necessary to can a special session to
authorize a higher rate Of interest, put
the State Treasurer and the council
Of State will every ef1ort De
fore resorting to this last e~Npedient.
There were present at the opening
Of the bids for the bonds Governor
K.tehin. State Treasurer Lacy, Score
tar Of State J. Bryan Grimes, State
Auditor Z. +. Dixon, Acknowledgement
T. ". Pickett, superintendent OF PuDi1c
instruction J. Y. Joyner, Corporation
Commissioner $. l.. Rogers, lnsur-
anra Commisisoner j. r. Young, Col.
A. J. Field. private secretary to the
Governor: Mr. Joseph G.. Brown. pres
idrnt Of the citizens National Bank or
Raleigh. Col. Charles E. Johnson.
president Of the Raleigh Banking and
Trust Company and h
Savings sank of Raleigh; John 1.
Pulleu. president of the Raleigh Saw
insS Bank and Trust Company; Mr.. r.
c. Duncan. president of the Merchants
National Bank of Raleigh; Mr.. J. B.
Sawyer. president of the Battery Park
Bank of AsheViIle; Mr.. w. II. Will
hanson. first Vice-president. and MI.
" 3. Drake. Jr.. cashier of the Mer-
chants National Bank Of Raleigh; MT
+. D. Gold, Jr. of the Jefferson Stand
ara Life insurance Company, MI
George p. Folk. of the North CarOhna
Home Insurance Company; Mr. {. {
Mcdonald. Mr.. Cary X. Durfey, sur
wing executor of the Florence +
Tucker estate: Mr.. George W. Nor
wood. OF the Secretary of States OF
flee: capt. w. r. Moody, chief clerh
- the State Treasurer, and Mr.. A. II
Arlington, of the State Treasurer's OF
BIDS fer the Bonds.
In" bios opened and accepted To-
IN" bonds were each accompanied p1
Il certified check for the amount DC
and were as follows:
Walker Brothers. of II Broadway
New York, s50,135 for $4,000.
Fiieiity Mutual Life Insurance
company Of Philadelphia, $4,000 a
National Bank Of New Bern $50,00'
al par.
K p. Richardson, Jr., & Co. In
Corborated, of Reidsville, $4,000 a
"ade r, Brown, of Raleigh. s3,01;
for 5000.
nD"lsht f. Belts. Of Raleigh, SO,
V'' al par and one twentieth.
at par.
M~eTrhants National Bank of Raj
N'7'' 10000 at par.
JJ Thomas. of Raleigh, SS0,01
'pr 10000.
J"hn W. Harden. $4,000 at par.
- ~ +. Everitt, S12,0 900 at par.
-'''lh Carolina Home Insuranc
'u'pany. s40,O1O for $40, 900.
- davenport. Of New Berf
',?tj for $4,000.
gorge +. Wilson, of Charlotte
'yo9p at par.
h"'t,dm G. toughenour, of Sails
"'' $3.50 for 5000.