New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-01-08

!, ai-ps.si VI q .ssri6es III = sss -
- 80 Mortgages ~ ssa Stsf>.
According 20 tssz uai hcldiag small msrtseys
~ sore ,osi. seiid lite piece Vt - uoua,a'n s,eas
80, snd estesu icg bun 81 forum ate TO get ris ii
4 1. ~ spty ave PER cent discount xogd tbas ga
10 his L. sInah snhzemeni mai Ia hsd es!lols1ed
u. .ov,yfs rate. u TAea lIore than adadts t'ns
hons .iou ~ i~o hundred Millions of iol, - y
nor.ssg-s rosd be iorh sish called in aad Telosss'
" WI, - tie .t.ye-s sa., saoei1i IA. esss
-, r.,,b ~ We nov psrmi, ths siSs-
20 grant ais aoie upon tae bsst II seesn'', a
" qo'isass' & ali .h7a by 10 hi' own 'o-s'
The sv COS - ps,m.. az ssSh ,hirg o, sss
eonusiy. 4 HsSr gives his nc,e receiving security
IN mortgage " anything g., Az than takes 70 IN
orn s''t a. aryist-s o'T 800 =, sent gS a.
num- il very ;rag~llSrcni eeca-p to IL ,as
usulv 's,r e. and Is iustartly rendered s,er,,s M.
der the tecs 'ons Of cur couts.
IN .i souu,'ciion II seems proper 10 add that all
dsas rot trih a'io aiding with mpUns,y our sury
IAvs ,re felusise l. cannot be dou- Both hor
rover snd lender cas- be examined as wi;nesses. in
such raaper IS 10 bIng 10 light all deyNes aud
'rei Al gseryatolS.
Tim, It 5 that lender Asks the frosrhe-, A. wen
As a.. inability Of The borrower. And for this risk
he ~. borrower has 90 pay
L. town arG in country IN city end IN villnr~ the
G,vious WIND ngs aud turnings OF this law seem 10
have geuersted class OF men WHO are sort OF non-
Crd us'uer combining the qualities Of ls~yer and
trader sTd O. bG-k,r. mlnghpg Herewith efNeA
touch Of the politician.
The ,Nsteuce Of such q class in and about our IL
lsges ior Instance. Keeps alive certain hereditary
repuRnarcs 20 the very name of usuners; aai thus
feeling is wrought upon by the 6rtiu aud the de-
sienin- 20 make hsir neigh Dor, believe that
present law instead of it, effect OF keeping up
Insurers The worst AiId. 10 needed TO keep thea,
dom. Thus il IL thet this sad Law has disgrsced our
land ioE eighteen ysaro In vain do our judges from
their benches repIimaBd Grand Jarss for not pre-
eepfIu q Ter the features
.ta;ut, Not oae such "crin'naif has ever been
touched. No the law as il stands serves no other
end than 10 feed. w'h pecuniary eiunder, the lowest
d.paltu.t his of scoULdtellsm.
4 recent article IN Iac Phnodelo4id North Ams,-
ron. in discussing the contemplated repeal Of the
P.rrsNl,auia UsurN Laws speaks in very able
manner Of the ceb ssing tende ucy ot their law aud
ours The ritter OF that article says; " Ii is csar,y
demoruii lng TO aosuston a community ~ dlsre-
"speot and deliberately Infringe the laws. Though
the practice may even be limited 10 single msni-
"fcsily unjust mpOltc statute, yet it tends To un
Gerrue iusfusibly th,t sort of conscientious loyal
"ty OF the citizens which is the best security of tho
civil pow er and happiness of state. The people
should never be tempted to violate their allegiance
" 10 thr legal institutions and regulations under which
"ihey live. Oppressive. unnecessary, or inludolous
provisions create this temptation No such legis-
" lation therefore, should ever be INDUCED in, or,
g. il al act which experience shows cannot be eG-
forced s,omlj by any chance, emanate from the
"Leei-lature il ought to be sbrogated, rather than
he permitted 10 become the of oultiva.ing in
"the public mind an rreversnce for such as are wise.
equitable aud sslGlary
D. "a is4 Your obeJient servant. 3.