Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1914-01-16

ma N make the loan. on this authority !
/ secured the SIS, 600 90 from Judge !. a II. =; |
Campbsn OF Jackson and the note ~ uateu
March 2ist 1913, and y due tAe ilr I. NY ~
OF February. 1914 and bears interest," AZ
the rate Of Five per cent per annum.
= This fund was disbursed Through com
mittees appointed. by me In some N
stances and through seie, An item
lied statement OF the disbursements Of
this fund and the balance on hand, con-
sisting OF some money returned, not useu'
The state Charity Hospital Of jackson
finding itself very much IN need OF e iunus,
In 1912 letters were written py the supgr
intendent, DR.. s. III. Mclean, signed py
me, to the members OF the legislature;
asking authority TO borrow $l00O.uU anu
pledging themselves TO vote Tor an apprv-
priation to repay this sum with interest
More than a majority authorized me 70 DO
this and pledged themselves 70 vote iof
an appropriation. TO repay this amouns
With nno n Interest qbe se Mnrshants Bank
Trust Co OF Jackson and the note ior
81. 900 90 Is dated December 18TH, lsl2'
and is due February 1st 1913, with inter-
- The National Guard finding itself very
much cramped for funds. on account OF
come unusual expenditures at tne reques.
of the Adjutant General. letters were
written 10 each member Of the iegisla-
ture. and pledges received by me 70 vote
an appropriation to repay $1bo0.oo that
authority borrowed the sum OF $i.5oo;o0
from the Jackson Bank at rate OF PIX
per cent interest and this note Is dated
October 10th. 1913, and Is due FEBRUARY
I'm In October, 1918. / received certificate
from the Board Of Trustees OF the state
Penitentiary stating that the regular ap,
propriation had been exhausted, ana tnat
| the Emergency Fund of $50 100000 mao
been spent, and asking that / negotiate
| for a loan OF $25,000.00 as authorized Dy
In
nance and support fund for the years 1917
| and 1913 After careful inquiry and usinG
my best endeavors / negotiated TINS loan
through E The Natonai RanR
both of jackson. each bank len1lng 80 ~,
| 500. co. These notes bear date November
| LIST. 1918. and are due ana payapie re ,. as
airy LIST, 1914. with interest at the rate vi
| Six per cent per annum;
Under authority of House Concurrent
Resolution No. 5, negotiated througn TN tn g
| OF S10,O00.00 to be used by me as iunu
| for the investigation OF the State Penl-
| Tertiary and to repay amounts previously
notes for IS. 900. 90 each were executed by
me to said bank and they, bear date July
| 10th, 1918, and are due and payable Janu-
airy goth, 1914, with interest al the rate VI
0i1 Under de authority OF Senate Concurrent
Resolution No. passed at the speciai SEES
sion OF the legislature In Jun n lsi4, was as
L
Of the Legislative Investigating Commit
tee and this sum was secured from the
Capitol National Bank or jackson ana note
| executed by me as Governor for tnat sum;
This note is dated January 3rd, 1913. and
is due January 18th, 1914. and bears in
terest at the rate OF Six per cent.
In August 1919. received t,ng st Cogmit'
tee that the fund OF $5,000.O0 authorizeo
by resolution above mentioned, was ex
hausted and that they needed more Iunus
I -. tnft
ton. on letters being written by the
committee to each member OF the legls'
lature asking for authority TO porroN
Twenty Thousand Dollars, anu pn irinsii nr
TO repay this sum with interest, and beint
requested by the committee to do TINS
and that negotiiats for l II IN w snhs tho q
Merchants Bank G. Trust Co OF Jackson
Miss. for 100000. This note is dated
August 21st. 1913. and bears interest a
the rate Of Six per cent and is due Janu
, In October / received statements from
! the Legislative Investigating COMMITTEES
that they had exhausted the previous
I amount Of 100000 and asking that
make a further loan OF 100000 in orde
that they could continue their work
did this through The Merchants Bank .
I Trust Co OF Jackson and the note 10
81, 900 90 bears date october 10Th, iSls
and is due and payable on January zotn
1914. with interest at Six per cent pc
In November / received statemen
] from the Legislative Investigating Com
| mittee that previous amounts DorroWe'
had been exhausted and that further sum
} were necessary to continue their work am
, asking that borrow the remaining $40,
I 900. 90 authorized by the pledges above re
; ferred to- / secured this sum OF $lO,
900 ot. 90 from the Merchants Bank & Trus
Co. of Jackson at rate OF SIX per cen
! interest This note s dated MovemD,e
! 22nd. 1918. and is due January 29th. lsll
g All the funds mentioned as having beei
; secured for the Legislative lnvestigatinl
/, Committee were deposited to an accoun
styled Legislative Investigating commit
tee A. c. Anderson. Chairman, an
e | were drawn out on checks signed by MI
Anderson, endorsed by me, with recelpte'
g Vouchers attached. This committee un
. derstand will make detailed report o
Y The Board of Trustees OF the Agricul
0 tural and Mechanical College finding tina
; sidewalks were badly needed at me go 20
ings being extremely difficult. correspond
| ence was had with each member OF IN
!; Legislature by President Hightower. Act
! ing Governor Bilbo and me- and authorit
L was received from more than maJorll
| OF the legislators authorizing loan 2
$40 900. 90 and pledging themselves to vot
e for an APPROPRIATION at nns LA Sessto
= with interest. When the work was don
the contra ctors waited for their none
o quite awhile. and finally cia mt so ax =
q cuted a note for 100000. entering a
! proceedings in regard 70 It on their min
q ntes and authorized Hon. q. X, HlghtoW
n err. as President OF the College, and me
= Governor and Chairman of the Board, !
$ execute a note for SO, 100000 plus inter
k est which was $4,000, and TINS note ~
3 | S10 100 90 was executed to the Securit
n Bank Of Starkville. This note Is du
!. I viii state here that in every instanc
Il where sums were borrowed first tried
n obtain loans from state banks or indlVlc
h sorted to the money centers OF the Eas
Is where the interest rate was cheaper py
Y per cent at least. :,
/ deem 1t proper here to refer to an OF
le llieation Of the state incurred during pre-
/ yIous administration. which Is still du
y and outstanding .,o.,,,
i. Il was brought to my attention that thei
l. was note executed by. Governor u.
Re Noel to the First National Bank OF Clarks
" dale. Miss, for the sum of $40, 46b.0o, VINO
was dated August 18th, but bore intere
E from May Srd. 1910. interest due Jann MAJ
) 18th. 1911, and January 18th, l9l2. IN
d OF lard bought by the trustees Of the PEI
N itentiary from +. II. Allen. Other lar
er was also bought and similar notes ex'
m cuted to the owners. and appropriate
d. was made by the legislature TO COW
lie them. but In some way tnis Was 4se
ton OF the legislature just before the Go
m OF the 1912 session. too late to have u y
A. vestiRated and acted on. You Will -
I'd that the principal and interest thereon
~ due at the rate OF six per cent per ~
e. mum from the 3rd OF May to this dat
L. The purchase OF the land ioT wni ',ho ~
n note was given was made under author,
no "a an act N the legislature entitled "A