Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1844-12-23
HOUSE on DELEGATES.
TUESDAY. December

TUESDAY. December, II, 1914.
After reports from Committees,
Mr.. WI'cher called up the t,llowny bill on its en-.
grossment:
"A NIL Concerning Deeds # Trust, and Regulating
Trustees Commissions.
BE IL enacted ~ the general assembly, That all
deeds o trust hereafter made and entered INFO by any
Peso" or PERSONS Tor the purpose OF giving any endos-
et, security or other person. any preference or priority
over the general creditors Of such person or persons max
ing any such deed, shall pro rata the benefit OF
all Just tdIl,s u The PERSON Or persons making the
said deed Prorided, horerer, That nothing herein
contained shall be construed apply 10 any deed
OF trust made and entered n whereby The deb, ln,end
ed to be secured created for the purchase of the mon
tr,y conveyed by tho sand deed.
2. .7nd he il further enacted, That the trustee or
trustees in any deed of trust already made or which ay
hereafter be made for making sale Of the property
by conveyed shall be allowed compensation for his
or their trouble IN executing the provisions of the trust
the some compensation is allow cd by law TO commits
sioers making saies under DEGREES in chanttry and no
mde. unless 5y agfcemdt Of the parties 10 the deed
greater oT less amount stipulated to be received by
the trustee and so Inserted in The dead
s. Inns act shall he in force from the first day Of Sep
TENDER next.
Mr. Wi,cher stated that this bin originated not with
him; but ii came from the people grew OF pel-
lions presented las, session. Mr. W. procerded to de-
icnd the leading feature of the h-,he abol,shing the
preference among creditors Mr. w. commended that
"N"'' h"" "" W give one ui ms creditors
preference over another egun Inv honest aud merorious
The debtor when he contracted his debts for all moral
purposes gave up his right 10 dispose of his prorerty
In cons'de ration Of the substance of the debt he rccry.
ed an equivalent Tor his property land this last
he had no farther moral nlrol This was the cnnyic
ton OF the country The present practice gave rise ia
great injustice ard nnun ersLe frauds. Pass this bill
lsad W. w. and yon elieolualy put an end TO .he
fraudulent deeds 81 hch the people have 8, louJl,
complained. Mr.. w. said il was objected 10 the bill
that II would destroy credit. MIR. w denied fbs 4,
would only destroy such credit ought no, to exist
Mr.. W. coniended that under the present system the
shavers were these who reaprd the chief bere6t from
partial debts lie knew that the contrary was and had
been maintained by the gentleman from Wythe aud The
gentleman from Aceomac (Nlr Pnts) Mr.. w. b,dex
ferience 10 sustain him. II was the shavers who force,
debtors to make these partial deeds, while the charita
ole and lenent creditors were disposed 10 give indul
gence, and so dong, were generally the sufferers Mr.
W. Continued at much lsqgth TO support the bill as
measure o. 'he highest Importance 10 the great body
Inc people In the course Of his remarks he touched M
The 'awyers, who were supposed 10 be opposed 10 hin
and The bill ana he appealed TO those representing bt
agricultural Interests not 10 PERM, themsslvc To b,
one down ny tho array Of talents, which that proies
sion would bring to bear upon them, on this subject
; Nr. rus, alter commencing the tact and ncenuit,
Of Nj. Wi'cher, in appealing preduices to susian
too feeble 10 stand upon its merits proceeded To re-
ply to all The positions taken by that gentleman II,
commended that this bill could not prevent frand-I. eff
'ec would De only 10 substitute one system--that by
mortgage. io that by deeds Of trust AMI as many frauds
could be refpesrs'ed IN the one the other. Mr. p
urged. that by Forcing tho mortgage system upon The
country. litigation would be vastly increased
When Mr.. Pits concluded Mr.. Mcpherson If p
moved Ia lay the bill the table, it was too late Il
hear another argument to-day which motion was agreed
10.
The Speaker laid hsfo'e the House communicate,
from Nm. y Phmer, covering the resouiinns of III,
Presbyterian Synod. touching the propased chance q
the laws incorporating Henes Glen, and Religious Suce
tss.--Resd aad referred.
/ PETITIONS
ny Mr. Msely-Reinons rance Of snndry citizens u
Bue;lnRham, against the formation Of a new c,un,y IN
ii parts Of buckingham. Campbell. Charlotte an,
f"ace Edward by Mr.. Cabell-Ot John j. c ampbell
Tor divorce
J On motion vi Mr.. Eek he House adjourned