Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-05
senator Claim Long and Short Haul
Clause Has Cost State Much
Money, and Proved Ruinous in
Practice,

nave proven ruinous IN practice" Sena-
Tor Gillian said that the Justice act
mas cost two firms In his town $4,000.
senator Thompson. of Onslow. and
others said .hcy knew of very heavy
losses the act had forced on great
numbers OF business men i'm addition to
the ruin for short lines
ihe woman's suffrage issue was
hhaiiy sidetracked in the House this
afternoon for the session, through the
adoption OF motion ''indctinitcly TO
nos'pone' consideration of the bill by
hoberts. OF Buncombc. The vote was
rs 10 81. Representative Page made
one or the principal speeches against
ne bi!l. asserting that of 500 women
"i ms acquaintance In this State there
was Just one who insisted that she
wanted the right OF the ballot. and
mat he regarded this one woman as
IN" least lifted or capable to exercise
the right OF the ballo, than any woman
or his acquaintance
senator Mcitae introduced 4 bill for
land and loan associations" for rural
credits
STATE TREASURER
REPLIES TO HIS CRITICS
state Treasurer Il. II. Lacy made n
detailed answer this afternoon bcfore
'hc legislative Finance Committee TO
the recent sensational criticisms Of the
management OF the treasury By The.
state Board OF Internal improvements.
!i'S statement was TO the effect that
me reH"rt OF the board did him great
injustice IN representing that while h.
haa large sums OF State funds in the
treasury he nccdlessly borrowed other
ihfSt sums. il was made 10 appear
that he had 433l,000 IN bank and Dor
.""eu S3e'.o"" more at per cent. the
bahk reloan!t IL al per cent more
making u per cent. But he did moth
iAs OF the sort. he said. The real fact
was that the balance In bank az thar
TINE was sS9I.973, OF which $500. 900
was borrowed money. this illustrating,
according TO Mr.. Lacy's reply and tho
showing made by cxper, accountants he
haa TO review the treasury. the in
accuracy and injustice OF the whole
criticism OF his department
MT' Lacy charged that the board o.
ihtefhai improvements presented an
incorrect view OF the treasury bv the
use and arrangements OF It's incorrart
hsnres, "A View unsupported either by
the Facts or tho books in my office"
The reply declares that all moneys
borrowed were with authority Of law.
"lth me consent OF the Governor and
touncii OF state. and at no time were
There sufficient funds TO the credit of
the treasurer 10 cover the states obli-
cations
Mr.. Lacy explains the State treas
"rN method OF placing its funds for
New York through Raleigh boni.
instead OF directly in the name of the
state. the necessity having arisen in
The progress OF the litigation over tn.
south Dakota bond suit. and continued
since then necessarily.
DIR. CHARLES l.. BREWER
MAY HEAD MEREDITH
a call has been issued by the board
OF trustees OF Meredith College N ,ct
on the resignation OF DR.. r 7 Wv
AS president and TO select n successor
who VIII be expected 10 take up the
duties Of the presidency immediat.Iv
AFTER the commencement season this
spring. ihcrc Is a general expectation
mat DR. Charles T.. Brewer. of rho
Wake Forest College faculty. Will no
choScn as the new president OF Mare
dith, and 1t is believed that he viii
accept. In retiring from Meredith. OF
which he has been the executive head
loF Htteen years, Dr.. *ann will become
the head OF the board of education
created by the Baptist state Convention
~ me 1914 session held in this CITY.
with headquarters designated as Dur
ham. He will undertake and direc,
the correlation of the Baptist high
Sehoo!s ana other denominational
schools OF the State. He will controI
and influence very largely the volume
and purpose of tho Baptist educationa1
funds raised.
The Corporation Commission to-dnv
heard the argument OF counsel on the
petition OF &. T. Howard and others
against the Black Mountain and tbs
Cincinnati. Clinchheld and Ohio Rail
roads. in which the demand is that RI a
Black Mountain Railroad be made to
apply the same freight rates as Obtain
on The Cincinnati, Clinchtield and Ohio
instead OF the higher Short line" The
charge is made that the Black Moun-
a ri nf
Cl!nchheld and Ohio, and is owned and
controlled by the larger system This
is denied by the officials OF both rail-
road corporations. J. Bis Ray. prcs,.
dent OF the Black Mountain Company.
and J. w. Pless, of Marion, counsel.
resented by former Governor w w.
Kitchin.
COMMITTEE GIVES HEARING
ON SEAWELL INSURANCE BILL.
The Joint Committee on Insurance
this afternoon heard cotton mill and
other factory owners on the alleged
danger of Seawell. but in the House.
which would give the State Department
OF insurance power to fix fire Insurance.
rates, and, 1t is claimed, cause tho
Factory Insurance Association to with
draw from the State and leave the fac
tory people without adequate sources
of insurance protection. 1t was a long
discussion. and will be followed on
Wednesday afternoon by special
hearing for a report of the national
board of fire underwriters, who, it is
understood. will make it clear to the
Joint committee and to the manufoc
turers and other business interests lust
where the insurance interests stand In
this matter of State regulation, and
why they propose to withdraw,
D. Y Cooper, of Henderson, one of
the principal speakers for the cotton
mill men. produced n telegram from
the Factory Insurance Association
which provides the bulk of the in
surancc for the factories In the State,
saying definitely that IL the bill passes
1t Will be impossible for the associa-
ton to continue business In North
Carolina. Mr.. Cooper and those who
followed him argued that for the same
reason the mutuals will withdraw and
tho manufacturers will be left In dis
astrously unprotected condition.