Public Papers (Volume 1) (Paperback)

This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1910. Not illustrated. Excerpt: ... All taint upon the public credit of the country would thus be eradicated. For such a cause as the maintenance and advancement of public credit the administrative department of the government of New York could not be more worthily enlisted. Very respectfully, (Signed) E. L. ANDREWS. Reply of Secretary to the Governor State Of New York -- Executive Chamber. Albany, October 3, 1910. Mr. E. L. Andrews, Counsel to North Carolina Bondholders, 25 Broad St., New York City: Dear Sir.-- Governor Hughes directs me to acknowledge the receipt of your letters of the 6th and 3Oth ultimo, together with your offer to donate to the State of New York bonds of the State of North Carolina in amounts from five thousand to five hundred thousand dollars, and your pamphlet with respect to proposed action by this State upon bonds of other States said to be in default. Three years ago an offer to give to the State of New York bonds of North Carolina was refused by the Governor upon the grounds stated in his letter of November 14, 1907, as follows: "Under the Constitution of the United States the State of North Carolina is not subject, without its consent, to suit by citizens of New York or by the State of New York acting for the benefit of its citizens to whom the former State may be indebted. Suit can properly be brought by the State of New Yo1k not as a representative of individual owners of bonds of North Carolina, but as the holder of the absolute title comprehending both the legal title and the right to beneficial enjoyment. It does not seem to the Governor proper that such a title should be asserted, and that by virtue thereof suit should be brought in the name of the State of New York, which is intended as a cover for the claims of individual bondholders, or to force settlement wit...