The Caucasian. (Clinton, N.C.) 188?-1913, 1911-03-09

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; naIssy. laeisaIag ar. ssnzoas .
NorxA Carolina
81 Il - now I~arnea fAas - active
movement = % foot besw~~n whas :
known n the progressive RegahIk
: cara ard The progressive Democrats
/ 20 form q coaiIalpn 10 eonsros sh~
! Senate and PIT the resxsaonary %
TORY" Democrats ard the r~arfson-
arg Republicans IA the minority. To
plan seems 10 Be break al preee-
deals on Senate committees ~ ignor-
In the men whc are ensItIed 70 Ger
tain chairmansAIps by long SERVES
oE committees and being the rank
ing members. and To reorganixe them
all. putting progressive Republicans
and progressive Democrats ~ chair
men and with \ majority member
ship TO each important committee
Il IL said that there are ~ least
twenty-six or twenfy-seven progress
sive Democrats who are In favor OF
this proposition, and that there are
/ from twenty TO twenty-five progress
sive Republicans who have expressed
their willingness to enter into such
/ an arrangement IL this Is true. IL
/ viii make majority OF the Senate.
even IL all vacancies are Allied. It
Is also said that there will be a sim
liar lineup in the House.
May Mean n Rs-=;ignment OF Parties.
| IL such an alignment Is made, the
| the effect will be to divide the coun-
| try more on lines between progress
| sive and reactienary policies than on
party lines. and that the effect will
| be on the next two national conven-
lions no one can tell. except that 1t
is certain that it would start an acute
and clear-cut fight between the two
factions OF the two parties for con-
troll OF their next national conven-
tons.
Already it is known that the pro-
gressive- Democrats are talking Wig
orously and openly against Harmon
for their nominee, and IL the breach
continues to widen, it would seem
clear that Mr.. Homan, even IL nomi-I
mated, would stand no~chance of cleo
ton, even If the Republican party
should continue to be as much di-I
vided as it is now.
Virginia Wins Her Suit Against West
Virginia.
The Supreme Court of the United
States, on yesterday, decided that
West Virginia must pay one-third of
the public debt owed by Virginia
when West Virginia seeded during
the Civil War. Virginia has been
suing West Virginia for some time,
to force her to pay one-third of this
debt, which West Virginia has bit
terly resisted, claiming that the mon
ey was largely used for public i'm
provements and was expended in the
part Of Virginia that did not secede. t
The Supreme Court holds that West
Virginia must pay over seven million
dollars of the thirty million dollar
debt.
The Government and North Carolina
State Bonds.
The Treasury of the United States
owns forty-eight thousand dollars
worth of the honest Ten-Share Sec
ondMortgage North Carolina bonds,
the validity of which was upheld by
the Supreme Court of the United
States. These are the bonds that the
Raleigh News and Observer and a
number of Democratic politicians
tried to fool the people of the State
into believing were dishonest carpet
bag bonds.
Trust Funds Invested lin These
Bonds.
The way that the Government
came to own these bonds was that
there is a law directing the Secretary
Of the Treasury to invest all Indian
trust funds in good Understanding
securities, and to pay the Indians an
nually the interest arising therefrom.
Inasmuch as these North Carolina
bonds gilt-edge security, even If thet
States credit was not good, the Cow
eminent considered them most de-
sirable investments for Indian trust
funds. The Government bought for
ty-eight thousand dollars worth of, |
these bonds, and since the State has
repudiated them, the Government has ;
had to take money out of the Treas !,
ury. OF the United States to make
good the trust funds of the Indians.
Now that the Supreme Court has up
held the validity Of these bonds, the
Secretary of the Treasury has called ,
upon the State to pay the same.
No Compromise ON These Honest {
Bonds.
1t is said that Governor KitchinI
came here and offered to COMPROMISED
the matter with the Secretary of theI
Treasury. but the Secretary refused
to compromise the amount, on the |
ground that the State got a hundred /