Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1921-09-23
BOARD TO SELL ROAD BONDS.

day, September 9th.
simultaneously with This call, he
announced the appointment of the
committees to have charge OF plans
for selling S7,50O,OOO OF the good
roads bond authorized by the last
Legislature.
In conjunction with the Cover
n,Or'S announcement, State Treas
'urcr w. s. Johnson made public
two plans for selling the bonds
through the banks OF West Virginia.
There are three plans which are
being considered by the State auth
oritcs and the bankers. The first is
the original proposition that the
West Virginia depositors purchase
$7,5OO,OOO of the bonds. The Sec
ond and third propositions are sub
United by New York and Philadel-
phia banking houses for the whole
81 100000 issue, the banks of the
State cooperating with these east
crn institutions.
When the bankers met in Charles
ton some weeks ago TO consider the
purchase of the bonds Governor
Morgan was authorized to appoint
a committee consisting of three
bankers from each of the senatorial
districts. Because Of pending ne
gotiatiOns with banking houses out
side the State the Governor delayed
the appointment of these commit
tees but has sicc announced thai he
had designated the committees and
that he had requested the chairmcn
in the several districts, together
with the general chairman, State
Treasurer w. S. Johnson, to meet on
September 9th. If either of the
outside propositions are accepted
the cooperation of The banks is
necessary.
Governor Morgan announced the
personnel of the committees in the
fifteen districts as follows:
First-B. w. Peterson, Wheeling,
chairman; S. George, WeIIsburg, and
John L. Newell, Chester.
Second-C. II. Hunter, Mounds
Vile, chairman; A. c. Jackson, Sis
and Is. Blair, Jae Rsunbufg.
Third--Lylc l.. Jones, Parkers-
burg, chairman; J. D. Dinsmore, St.
Mary's and J. II. Limingcr, Harris
vile.
FOURTH. S. Spencer, Pt. Pleas
ant, chairman; r. p. Shinn. Ripley,
and Russell T.\Keith, Spencer.
Fifth-Robert l.. Archer, Hunt
inSton, chairman; II. l.. Lilly, Buff
faIo, and A. +. Black, Hamlin.
Sixth-Alex Bishop, Williamson,
chairman; l. }. Rhodes, Welch, and
A. w. Daubenspeck, Mullcns.
Scventh--G. e.. Hedrick, Becklcy,
chairman; w. G.. GivcnS, Blueiield;
l.. +. Johnson, Anderson, and J. ].
Jordan, i!inlon.
EiShth-John l.. Dickinson, Char
lesion, Chairman; Siegcl Workman
Madison, and J. Cary Anderson,
Logan.
Ninth--P. NJ. Snyder, Mt. Hope,
chairman; J. e. Bradley, Clay, and
&. L: Boone, Ronceyerlc.
Tenth-E. II. Morton, Webster
Springs, chairman; Amos Bright
sutton, and Howard r. Brannon
Glenville.
DECENTRALIZATION Miller, Fair
mont, chairman; 10 l.. kecner, Nor
gantown, and o. Jay Fleming Graf
ton.
Iwclfth--V. l.. Highland, Clarks-
burg, Chairman: l.. Il. Charter,
West Union, and r.. A. Whclan,
Weston.
Thirtcenth-W. G. Wilson, Elkins
chairman; X. f. Talbot, Philippi,
and Sanford Graham, Buckhannon.
fourteenth-James w. Flynn,
,hairman; l.. J. Forman, Peters
burg, and H. l.. Arnold, Keyser.
Fifteen--John J. Cornwcll, Rom
ney, Chairman; w. H. Thomas, Mar
tinsburs, and w. A. Higgs, Charles
town.
The following is summary of
lhe proposition submitted by Free
man and Company, Of Philadelphia
and Watson and Company, of New
York.
Both of these companies agree to
purchase the bonds and pay the
state par and accrued interest for
same. The money to be deposited
III the State depository banks par
lIcipating and cooperating with the
brokers and state in putting the deal
over. On account Of the brokers
paying the state par and being fore
ed to sell the bonds in the market
at less than par, they require the de-
pository banks receiving the money
from the State for bonds, to deposit
same III banks located In Phila-
delphia or New York, to be selected
by the brokers and that the brokers
pay The depositorybanks for the use
OF TINS money small amount over
ana above per cent paid the State