The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1911-11-10

presentation at the treasury. me matuer
was fully discussed by Senator Franklin,
chairman OF the finance committee, and
at the conclusion of the sitting it was
decided to recommit the measure Tor Tia
purpose of perfecting.
This is practically identical with the
Bird or administration bill in the house.
Gov. Noel had intended to send a message
to the Legislature during the day, but
owing to the illness Of his private sec
rotary, w. J. Buck, was forced to let
the matter 60 over until another oppor-
tunity.
Among other things, the executive in
tended to submit all documents in his
possession bearing on the issuance OF the
100000 of 4 per cent bonds, in accord
ance with the Yewell resolution OF Sat
urday.
With only a bare quorum of the house
membership on hand, and realizing the
utter futility OF attempting to pass any
measure carrying an appropriation, the
house was not in session more than M
teen minutes altogether during the alter
noon. The only matter introduced was
a resolution by Mr.. Coleman, OF Ialo-
busha, r~eciting the establishment OF an
armed camp at Water Valley, as he char
acterized it, in the face of protests, TO
the humiliation of the citizens and OIL
GERS of Yalobusha county. The resolution
provides that the governor be requested
to explain his action in placing these
guards at Water Valley over the protest
of the sheriff, together with all informa-
ton at his command. There was no
discussion and on motion of Mr.. Dorrah
! the Coleman measure was referred to
the committee on military affairs, where
it possibly may lie buried.
4 A companion bill to the measure intro
: duced by Senator Franklin OF the Thirty
0 first district, providing for the retundint
of the principal and interest OH the 5000,
Y 900 bond issue, was introduced Tuesda,
e morning.
Senator Franklin sprang this surpris
9 ing bit OF news when the upper hous
convened in the afternoon, and tollowe'
V closely upon his swsying the body t
1t Immediately take up and consider tn
rs original bill.
The report of the finance commltte
on the Franklin bill, recommending tina
r: the measure be held up because of it
insufiiciency, buoyed up the oppositio
A. and a handful of braves were mustere
10 to combat the measure. Senator Hebro
he led the opposition with Senator Harp
be in line, but he was voted down and II
administration forces carried the Fran
re- lin motion.
re This bill is one of the measures su
a gested to get Mississippi right before t
no financial world" said Senator Frank
H. in the opening remarks of his adore
III. in defense of the bill. THE bill is I
of paying 100000 principal on the bon
of on presentation of the bonds to
treasurer, it does not provide for t
payment of interest. 1t protects Miss
Ed. sippi from loss. We have been cal
Md here to act on this question and we h
vas been careful as possible to guard again
ion any odium that the bond transact
pen may have caused"
Senator Potter, of Kinds, declared Il
the he was opposed to paying back the
sod earned interest because he believed
5Cu.
tho unconstitutional in face of the suprt
court decision. He explained that he
tho not believe Mississippi was legally
morally obliged to pay back the MOI
tbo nevertheless he believed it good busll
policy to say to the people who bou
.ed the bonds, IF you have been misgui
y a or deluded in the purchase of these boz
come back and get your money II
he the treasurer
and senator l1eoroh spohe d / soi"e "N
on the bill. He wanted to take a st
Tho against the measure, explaining that
,oht did not believe Mississippi legally
and morally obligated to refund any par
,b,;c the 100000 to the holders OF the DO
,bl;c He said that every purchaser real
,sno. at the time they took up the bonds
the legislature authorized the sale
and at par, and called attention to the
tive that in December only $4,000 had
paid into the treasury from the sale
, ia 81 know a banker who offered to
Mr. these bonds at IS cents on the dol
said Senator Hebron, whereas the
anna islature said they must be sold at
rrn L HpSb DOflullOlutiS IA
,o Of legal advisers, and they knew what
a nv were doing when they took up the b'
, tho They have cost the state OF Missis
Mr. S15, 900 already, and will cost s1,5
refer- day as long as we stay here. Flnan
those say that the supreme court dec
has not hurt the bonds, and have
h sat that Mississippi will become the Ii
,r;no ing stock of the business world il
g do, holders of the bonds are refunded
doc,- Senator Franklin, in response
bord question from Senator Hebron, eXpl
srros that while the substitute bill die
+ was carry with it a provision for an a
ntion priation, a companion bill would
fered, and promised to have the ii
&c committee meet at Q o'clock and I
oom- on the bill.
hopd Entertainment for Medicos.
conn INTERCHANGEABLE convention o