The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1910-10-28

BUTLER
How he is Calcula-
ting to Collect
Bonds
WILL TAKE ANY KIND

AshcVllle, N. c., Oct. 27-ln his
speech here last night before the
largest audience that has gathered to
hear a speaker during the present
campaign, Senator F. M Simmons
sprang a sensation in his dealing
with the subject of Marion Butler, and
his bond dealings. After going into
the history of the old repudiated bond
issue and Marion Buffers connection
Herewith and probability that If
Butler again came into power in this
State that efforts would be made to
collect these bonds. Senator Sim
mons made a complete answer to
Buffers charge in his Charlotte
speech.
| In that speech and on other occa-
sions during the campaign Butler has
| stated that he did not intend to col
! lect the bonds and further that he
had never had anything to do. with
the carpet-bag bonds, the ones he was
employed in being bonds other than
the carpet-bag bonds. In the New
York Evening Post in 1905, there ap-
peared an advertisement signed by a
committee composed of w. M. Coler
& Co., r. F. Pettigrew, D, L. Russell
of all kinds to be collected.
| The advertisement first recites the
decision of the Supreme Court where
a Judgment for ten bonds with inter
est amounting to $27, 400 had been Sc
cured against the State and this had
been paid, says that has greatly en-
Ehanced the value of all other repudi
ated bonds because it has establish
ed the law and the procedure by
which they can be enforced. The un
dersigned committee in 1901 pooled al
of one issue of North Carolina bonds
and originated the plan by which the
above successful results were brough
about and obtained a settlement TO
the individual bond holders at LITTLE
less than par for their entire holding
Of these bonds. "This committee il
now ready to proceed with the collec
ton of all other repudiated bonds o
every class of each State. This com
mittee has no connection with an
other committee and it knows that
alone is now in a position to avail
itself of the above mentioned dec
sion-''
Senator Simmons made clear tha
Butler was a member of the Unite
States Senate, representing North Cal
: olina at the time he entered into tn
( pool and also called attention to tn
t fact that he was allied with Senate
f Pettigrew and Ex-Governor Russell
, This exposition of Butler opened tn
eyes of his audience, since the RI
Z, pub1icans and Butler himself wer
4 claiming in all parts of the State ths
e he had nothing to do with carpet-ba
bonds, but including '-all other repl
/ dated bonds,' but including ~an othe
-1-5S nr,R<1 1Sva
d Information
r Senator Simmons gave three re
. sons why Republicans, should the
i gain control of the State, would sa
s die the old repudiated bonds upon
J. would repeal the suffrage amendmeI
r and again place the negro in powe
+ and would destroy the credit an
+ property of the State. He Shove
a that Republican rule had been misru
in the past, and that the party WE
the same old coon, If such leaders {
Butler, Holton, Settle, Reynolds ar
the like indicated anything F
waded into the Republican dissensio1
T in the State and abroad with te11ir
effect, and declared the Democrat
party was united as never before
twelve years. He devoted conside
able of his speech in replying to tt
S speech of Duncan McKinlay he
e Saturday, when the latter declared tt
= administration had been economic
II and that the tariff bill was all rfgl
= He used what Republicans said abo
n each other to prove his points. F
&c said that John G. Grant aided al
y abetted the stand-patters in the tar
= y robbery He emphasized also tn
10 Grant voted for the extravaganza
= the administration. The Republics
:, party stood for big appropriations f
an army and navy, yet for waterwa.
:, and rivers and for the Department
:. Agriculture, determination of h
N lweevil and cattle tick they gave We
is istingily
His speech was the best heard he
IA during the campaign.