The daily times., 1921-11-05

that it will do rather than fail to do
something. That's usually what hap
pens. The 1921 session may not be
very different from other special
sion of 1920 which refused TO ratify
the woman suffrage amendment. The
present body will have no such vex-
atious questions unless it cares to
start something of its own accord.
For the session is being called by
the governor at the request of the
cities and towns to correct errors in
the 1921 State municipal finance act
SO the municipalities may issue and
sell improvement bonds. The State
is also interested in the meeting be-
cause there is a deficit of approx
mately $65O.OOO in the States pub
lie school fund, and steps must be
taken to pay the counties this amount
of money. Aside from these two very
important matters, so far as the gov
ernor cares the Legislature may, af-
ter disposing of them, quit work and
go back home.
The governors newly appointed
revenue commission, Col. A. D..
Watts. must be confirmed by the
senator he may be denied con-
firmation if the upper house so wills
1t There is every reason to believe
1,n
any serious opposition
The governor and the Council Of
State found lots of reason to be jub-
liant today over the sale yesterday
of five millions of North Carolina five
per cent bonds at a premium of $5,-
O21.0O, to a New York syndicate.
The funds will be used in carry
ing out the road and building i'm
provement program authorized by
the 1921 Legislature and to take up
the short term noise upon which
some of the money has already been
obtained.
While no announcement has been
made it is learned that the State was
given the opportunity of selling three
times as many bonds. Governor
Morrison and the Council of State
t ought it best. however, to sell only
five millions at this time 1t is very
probable that six or ninety days later
the bonds will bring a much better
price.
Judge Walter Brock, Of Wades
horo, recently appointed to ST coed
Judge w. j. Adams who went t. e
supreme court bench. is visitor at
the capital this week. While here
Judge Brock called at the capitol
and paid his respects to Governor
Morrison who made the appoint
ment. Since the first of October,
Judge Brock has been holding court
in Buncombe county and he goes
back there this week for another
term.
Applications approved by the ag-
agency of the War Finance
Corporation today total $1,250,000,
with another million in applicat tions
which will be approved this week.
Col. James R. Young. chairman of
the North Carolina committee, an
nounces that these applications come
from all sections of the State, show
ing the increase made by the banks
in cooperating in aiding the farmer.
n'he War Finance Corporation has re-
duced its rates on loans for period
of over six months from six to five
and half per cent, and on loans
that are to be made for a period of
not longer than months, from five
and a half to five per cent.
The Raleigh Office reports that nu-
merous letters are received and that
several personal visits are made dai-
" from prominent bankers over the
State The bankers agree that this
is the best opportunity they have to
avail themselves of means to assist
the farmer and in every case taking
application blanks with them.
A letter from A. NJ. Dumay, presi-
dent of the North Carolina Bankers,
is also made public here endorsing
the committees work
Suhscrihe to the DailV Timef