The Yazoo Democrat. (Yazoo City, Miss.) 1844-18??, 1846-02-04
Eoa EIIn aAzoo nEnocaAF.


stess are advocating whplagorla improve
msn,s in olheF gFeHl and impotpDl rnsaa:
dres, I ssems tome high lime that some
aepo should hstahsnlo faboIishing SlIoug
fuUlsh and idIs ~ - lho subject e us.
Jury. n
lshaaiq every age Of 'hq Noga
found imp ,ibls to lhe vii of man % de-
siss any scheme % system Of laws thai
bsu proved eascloAl ior the aupPrssaion d
asunvus contracts. They are consle6dy
aysdsd. BIZ b. nol he'd rsslsat, obleef
lion lhaa lhsg are dssd letter % opr slal-
ols Book they are 3oiies they ars 81
nvsly dslrimentAlslolhs very clssa vhicL
they we're dssignsd o project.
The pFOfegssd object Of 81 osuTy laws
ID a. PgolecI the necsssi'Ous- 'iis, % the
frisaa &c such laws say, o project she
man whose aecsssfiss place himinihe un'
fortunate list ofborFowera, tromslhe clutch
ss.af the avstiCigus miser.
Bill, sir, HE easy toshoW ihatlhls very
0uiorta0a,e elasears. thc ggeatsss sufferers
10y laws regulating interest on mehey.
SuPposa citizen. 81 tins TOND hss a0Fs
plus cash % hand, which hs desires 70 q.
vssl--psrhsPs BE- you'd P1efst l0anipg hi'
money out and would 10 content with II
per cent, sulsly secured. But here hs linds
Ona ejaculation of the chancts, thatin 81.
dliOn ,Olhe usual risIss IS shs insolvency q
tbs borrower and be suFssiss, Tint mas
much Inc charging q moFe Than Iegas
0,tsres i ) forfeiture u The eatire inter-
asl, (aud IN snms slAis,o 81 bpsh principle
and in,eGeS) there 4 aaaddilioual sisk and
lor every aadnnionsl fltk there mast ~ :
premium BY wsyOf iadsm1isy, and inslssd
ofsw4ivs Psr cent, b. must hsve liilseR.
Here uhsn, BY The intefpositlOO u lOOl-
,shlsgsla,iOD, The debtors q borrovsEsaFe
compelled % payis higher fats u inteTe'7
,hsn he could osher ine dosin the Abse0ce
|uf legislative enactment. This q 10 fact
toO plain ploPOsltiuu Cor discussion. We
Ill knOw ,hut the lender ehStsssiO proper
100 Il hls rlsk, and he law BY imPo'iag
forlsnuTe oflke interest 10 . psptiou' con.
,ract, creates an ADDITIONAL riaks VIZ; the
borrower pleading usuty,
Hasi0g ibus shounihe imPOlicy Of1hese
lsWS, their iujuSics may next Be eensldes.
ID. No lsgplalurs has ! righ.ie ml 3 ua
iasl discrn0inA'iOa between dIffssenl spss
ciss Uf property. 10 usury laws such an-
ius, ELIMINATION does exist u ! have
me lhouss6d, dollars and loinit on, en-
chopped BY Law from Blaming more thaa
EIGHT per cent (sigh,y dOlla,O for ths lheus.
SDo) lor lie uaslps one year. Ny 0eigh
bOr may have The same amount Invested q
TSWn properly and for the loan tEsp') Of
such propsitg be ia permitted % gettseps
II, lbitly 70 " per cent 40 hS invest
msoi. 81 sgAlas far my money Gao e
sliss bufeiphly solis's per year By Npl
z lolb. Wbisl iag ps'ghh0F mas convert
his ihoosaad ddllers Of specie 9ald siiyss
plate, end (orihs lesa a ihis g Ne Rsy
rSosive Pechrps .hrss Zines eiEIls, q be
can End any Que willipglo give him g
inch. Here isaa unjust distinction draNe
By the lew bslwss0. lns. sane Identical ag-
tcle (.ilvs9 in its difsrshI forms q plate
and current coin.
krsin, 90 tdasi dilctimiua'ioa b usu'
~ laws q made bsless6 otdinafy c.sss q
Itsndi6a. soa Ihst6pseiss Df lssding called
bOi,SmY rssbo6denus, Gpselss e nsfis
iao Ri siar By which shs ,hlP mel i
slsdesd g security for iho fgnsaio
a wuas1 bo0Sws5, a6a here Dc lau
FIav,s ,hs psaiss,S mahs hsif eva eoa.
,nei g regard 10 ,hS ihiafsst epolaeiiue
= rilg - ous hohdrss Plr ceai inlsgsti 7
6sy stass, end e { O. Eishitl sllou ihs
o.rsisS to usks their oau. oo6ir-risl payine
shSs lsisrsii lhay en- sgrso ohl ID iht
a,sr tbecia e lsodinR, ihs ssae priv:
ers slhoula s ,.sisussd ~ e'hsicsasl
isudiug.
Fuf,hsr. hus FeglI 3 riefi,i
uoosy, Sssa . y t.dti.l = - ,pP1'