Greene County herald. (Leakesville, Miss.) 1898-current, 1914-01-09

me to make the loan. on this authority
secured the IS. 900 90 from Judge ]. A. r;
Campbell of Jackson and the note Is dated
March 2lst. 1913, and Is due the first day
Of February. 1914. and bears interest at
the rate of Five per cent per annum
This fund was disbursed through COM
mittees appointed by me In some IN
stances and through relief committees al
ready in charge of the situation. An Item
lied statement Of the disbursements OF
this fund and the balance on hand. con-
sisting of some money returned not USED,
will be sent to you.
The State Charity Hospital OF jackson
finding itself very muchAin need or Iunus,
in 1912 letters were written by the super
intendent, DIR. S. H. Mclean, signed Dy
me, to the members of the leglslat ure;
asking authority to borrow $I.O0O.Ou ana
pledging themselves to vote for an appro-
priation to repay this sum with interest.
More than majority authorized me 10 40
an appropriation to repay this amount
with interest / secured this sum OF
100000 from The Merchants Bank q
81. 100000 is dated December 18th, 1872,
and is due February 1st 1913 with inter-
est at Six per cent.
The National Guard finding itseif very
much cramped for funds. on account OF
some unusual expenditures, at the request
of the Adjutant General, letters We're
written to each member of the leglsia-
ture, and pledges received by me 70 vote
an. appropriation to repay $1.50O.00 that
might be borrowed by me, and under this
authority ! borrowed the sum OF $l5O0;0O
from the Jackson Bank at rate OF SIX
per cent interest and this note Is dated
October. 10th, 1913, and is due February
10th. 1914
In October. 1913, l received certificate
from the Board OF Trustees of the State
Penitentiary stating that the regular APP
preparation had been exhausted. and that
the Emergency, Fund Of s25; 90 had
been spent, and asking that ! negotiate
for a loan of SIS. 100000 as authorized by
the act making appropriation Tor NAME.
nance and support fund for the years 1917
and 1913. After careful inquiry ana using
my best endeavors, / negotiated this loan
of SIS. 90 through the Merchants Bank
& Trust Co. and the First National BANK
both of Jackson, each bank lending $l2,-
500. 90. These notes bear date November
1st, 1918, and are due and payable Febru-
airy LIST, 1914. with interest at the rate OF
Six per cent per annum.
Under authority of House Concurrent
Resolution No. 5, / negotiated through the
Capital National Bank OF Jackson loan
of 100000 to be used by me as fund
for the investigation Of the State Peni-
Tertiary and to repay amounts previously
advanced. This was secured ana Two
notes for. S., 0O0.0 90 each were executed by
me to said bank and they bear Date july
10TH 1913, and are due and payable Janu-
airy goth. 1914, with interest at the rate OF
Six per cent per annum.
Under authority of Senate Concurrent
Resolution No. passed at the special ses-
sion OF the legislature in June, 1914. was
authorized to borrow So, 900. 90 for the use
of the Legislative Investigating Commit
tee and this sum was secured from the
Capitol National Bank or Jackson and note
executed by me as Governor for that sum
This note is dated January Bird. 1913. and
is due January 18th, 1914, and bears in
terest at the rate of Six per cent.
In August, 1913. / received a statement
from the legislative investigating Commit
tee that the fund of 100000 authorized
by resolution above mentioned, was ex-
hausted and that they needed more funds
with which to continue their inveStlga-
ton. On letters being written by the
committee to each member of the legis-
lature asking for authority to borrow
Twenty Thousand Dollars. and pledging
themselves to vote for an appropriation
to repay this sum with interest, and being
requested by the committee to do this,
and that / negotiate for it in sums of
100000. / negotiated loan with the
Miss, for 100000 This note is dated
August 21st 1913. and bears interest at
the rate of Six per cent and is due Janu-
In October l received statements from
the Legislative Investigating Committee
that they had exhausted the previous
amount of $5.000.00 and asking that /
make a further loan of 100000 in order
that they could continue their work. i
did this through The Merchants Bank a.
Trust Co. of Jackson and the note for
SIS, 100000 bears date october 18th, 1873
and is due and payable on January 20ths
1914. with interest at Six per cent per
annum.
In November 1 received a statement
from the Legislative Investigating Com
mittee that previous amounts borrowed
had been exhausted and that further sums
were necessary to continue their work and
asking that / borrow the remaining $1O.-
900 90 authorized by the pledges above re-
ferred to. / secured this sum of &c.
600 90 from the Merchants Bank q Trust
Co. of Jackson at a rate of Six per cent
interest. This note is dated November
22nd, 1913. and is due January goth. 1914.
All the funds mentioned as having been
secured for the Legislative Investigating
Committee were deposited to an account
styled Legislative Investigating Commit
tee A. c. Anderson, Chairman, and
Anderson, endorsed by me- with receipted
vouchers attached. This committee I'M
derstand. will make detailed report of
their expenditures.
The Board of Trustees of the Agricul-
tural and Mechanical College finding that
sidewalks were badly needed at the col
ings being extremely difficult, correspond
ence was had with each member of the
legislature by President Hightower, Act
ing Governor Bilbo and me. and authority
was received from more than majority
of the legislators authorizing loan of
SO 100000 and pledging themselves to vote
for an appropriation at the 1914 session
to repay the sum so borrowed. together
with interest. When the work was done
the contractors waited for their money
quite awhile and finally clamoring for it,
IN november Lnc DOdIQ VI uobCsyS CAS-
cuted a note for So 10000, entering all
proceedings in regard 70 it on their min
utes, and authorized Hon. G. r. Hightow-
err as President of the College. and me as
Governor and Chairman CT the Board, to
execute note for $40. 100000 plus inter-
est, which was $4,000, and this note for
$40, 10000 was executed to the Security
Bank of Starkville. This note is due
l will state here that in every instance
where sums were borrowed first tried to
obtain loans from state banks or individ-
uals. Where l could not do this re-
sorted to the money centers of the East,
where the interest rate was cheaper by /
per cent at least.
1 deem it proper here to refer to an OBJ
legation Of the state incurred during pre-
vious administration, which is still due
and outstanding
Just as the session of 1912 was closing
it was brought to my attention that there
was note executed by Governor r.. F.
Noel to the First National Bank of Clarks-
dale, Miss, for the sum of SO. 465.00, which
was dated August 18th, but bore interest
from May 3rd, 1910, interest due January
18th. 1911, and January 18th. 1912 This
note was executed for che purchase price
of land bought by the trustees of the PEN