Show North Carolina Hands NEW YOBK Juno 10 ExJudge Andrews of this ctiv received by telegraph one of tho most important decisions that has been given for many years in the matter of the repudiation of the Southern States of the interest on State bonds The decision involves in-volves interest to a vast amount Judge Bond of the United States Circuit Court at Raleigh N C has decided the case of the special tax bondholders in their favor North Carolina issued bonds in I860 and has not paid interest in many years Payment of the bonds to the amount of 10000000 was secured by a provision in the act of issuance is-suance which ordered the levy of a special tax on all real and personal property of the State of oneeighth of one per cent The object of the suit was to compel the State to levy this tax to pay the overdue coupons which amount to nearly 100 per cent of the neary pr total issue of the special tax bonds The difficulty in all previous suits has been that the State itself has been held as a necessary party and the courts held that a State could not be sued by citizens of other States Plaintiff in this case however is a citizen of North Carolina Now for the first time the Federal Courts hold that a State is amenable amena-ble to be sued by its own citizens where the I Federal question is presented by the clashing clash-ing of laws Jresented obligations of contracts The decision holds that the acts passed by North Carolina to stop the collection collec-tion of the taxes t pay this interest due are null and void and the agents of the State must proceed to collect tho taxes to pay the interest A special session of the Legislature situation Legisla-ture will probably be called to consider the |