The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-05
PR|VATELY-OWNED
STOCK PURCHASED
I. c. Duncan Buys 200 OF
A. & N, c. Railroad
Shares.
BIDS FOR STATES HOLDINGS
agent Of Unlicensed Security and
Mortgage Company Is
Sentenced.
BIDS FOR STATES HOLDINGS
Especial TO The Times Dispatch.


Raleigh, ". c.. April 1T develops
that Z. g. Duncan. who is offering the
state sI5 share for it's holding of
1856 shares in Atlantic and North
Carolina Railroad stock. Goldsboro TO
Morehead City. has succeeded In pur-
chasing 200 OF the $500 shares Of
privately-owneS stock There is =
legislative commission whose duty i;
is to investigate and report to the
mex: session OF the Legislature. reg
ular or special. on the advisability OF
accepting the Duncan proposition to
buy the states stock. Mr.. Duncan and
other advocates OF this are urging
that the sale of the stock will give
renewed activity TO railroad develop
inent In all Eastern Carolina, and that
The leasing of the railroad some years
ago ,h directs" 1as papsihle for the Nor
folk and Southern and Other t1eS.iIs
fnent OF such great magnitude the pa st
few years. They are making the plea
that besides getting very fair price
Tor the States stock. the sale would
assure development of such magnitude
mat that of the past few years fol J.
lowing the lease OF the property By
the State would seem insignificant
s. w. Wade. of the State Department
or Insurance, just back from High
Point, reports the conviction OF John
G. Stanard. for representing the un-
licensed Empire Security and Mort
s"so NoPaHS. OF Blrming ham and
Richmond. TIE was convicted and sen
tence OF six months in Jail imposed. from
which which he appealed. "A 81 900 bond
being exacted. This he has no, vet
given Stanard had previously work ed
Charlotte. Salisbury and Lexington be
Iorc ne was overtaken BY the State
department OF Insurance at High Point
The department had refused az had
many other States. TO license the com.
panS which purports TO lend money a,
per cent withouf security Cards
or circulars exploiting this PROPOSE
uoa would be Sent TO a bill poster In
town and distributed to mill opera
tVer and others. and then the agen,
would follow. having with him the
names OF those who had written "a
mo home Office as interested in the
proposition. Stanard claimed in the
court that he did not know he should
have a State license or that the dc.
partment had refused TO license his
company in this State
Charters have been issued for the
belmont Park Co. OF Salisbury. CAPT
tai $3.50, 600 authorized, and $4,000 sub
scribed BY Thomas j. Jerome, Vance
Jerome and Hrs. 7 ]. Jerome: the
Fisk -Dillinger Co. OF Charlotte ca nj.
ial $4,000 authorized and SEQ, sub
scribed by i \. Fisk, r. Z. Diliinge,
and z. l. Fisk, for furniture business
son County, reduces capital OF $4,000 tc
$1,000. b. charter amendment just
filed
President Xix. OF the Norfolk and
southern Railroad Co. says work on
the Raleigh. Charlotte and Southern d.
vision In the linking OF the lines tina,
are to make the through Raleigh
Charlotte line. Is progressing as rapid
~ as could be expected. He expect,
trains to be running between Noun,
Gilhard and Charlotte within ninety
days, and there is every reason TO be
lieve that the whole line will be In