- Title
- Correspondence to Locke Craig, January 6, 1916 - March 31, 1916
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- Date
- January 06 1916 - March 1916
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- Creator
- ["Craig, Locke, 1860-1925.","North Carolina. Office of the Governor."]
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- Place
- ["North Carolina, United States"]
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- Local Call Number
- SR.356.1
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- MARS ID
- GP.366
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Correspondence to Locke Craig, January 6, 1916 - March 31, 1916
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Jan.
б,
1916.
/ б з
Gov. Locke Craig,
Raleigh, XT, C.“
Lear Governor Craig
'Гг. С.
B. Penney, the general manager of
the Elkin & Alleghany Railroad, has been in New York
practically ever since the road went into the hands of
a receiver, trying to re-organize it and put it on a
thoroughly substantial basis. The New York interests
are furnishing plenty of money at this time to keep
the work going well. Messrs. Cohen, of Lisman &
Company, and Billings, whom you met, think a great deal
0- --r. Penney and so do I. He is one of the souarest
men I ever saw, and instead of standing by his house,
Taylor Sc Company, when they withdrew financial support,
he strongly condemned them, and is now doing his very
best to ascertain whether or not they have turned over
to the road all the proceeds from the sale of bonds.
He is thoroughly loyal to the road, and to the State,
and to your administration, and is working valiantly,
not only to complete the road, but to try to make the
common stock worth something.
Ее
writes me today that some very strong
interests in New York have decided to investigate the
proposition, and that an engineer named "Tils on from
Asheville, who says that he is a friend of yours, has
been sent down here, not only to look over the road but
to have a talk with you and to ask you what you think
of Kr. Penney.
I have been very closely identified with
Mr. Penney for the last two years, and he impresses me
as being thoroughly reliable in every way. Absolutely
truthful and honest , and a man of unusual ability. 1
firmly believe he is going to work the proposition out,
and before a great while. I am more encouraged than
I have been in a long time.
with very kind regards, and wishing you
much happiness in the New Year, I am,
Truly your friend,
HGC-b