The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-03-04

Court, or q majority Of them, sha have the
power to ill said vacancy until the next regu-
lar election.
The same Committee, also reported the
following bill Cor an act fixing the rate Of in
terest:
SECTION l. That the parties to any bond,
promisscry note, or other instrument Of writ.
ing for the payment or forbearance Of money,
may stpaiAse therein, for interest, receivable
upon the amount Of such bond, bill. note, or
other instrument, 1t any rate not exceeding III.
teen per centnm yearly; provided, that If no
rate Of interest be therein specified, that seven
per centum shall be the yearly rate of legal in
terest, and no more.
SEC. 2. In all actions for the recovery Of
money hereafter prosecuted in the Courts Of
this State, su payments Of money or property
made by way Of usurious interest, whether
made In advance or not, shall be deemed and
taken, as to the excess OF interest above the
rate allowed by law at the time Of making the
contract, TO be payments made on account Of
principal, and said Court or Courts shall render
judgment for no more than the balance found
due after dedncting the amount Of interest so
paid. No debtor shall be deemed q parfiesps
erinsinis On account Of having paid, or having
agreed to pay such exOrbitant interest, but
shall have Ike remedy and relief in either case;
1
table paper purchased before due. shall DO af.
fected by any usury exacted by any former
holder, unless he shall have actual notice Of the
usury previous to the purchase thereof. But
the amount OF such excess incorporated into
negotiable paper may, in such cases. after pay
ment be recovered back by action against the
party originally executing the usury, in any
Court OF competent Jurisdiction.
SEC. ). All laws" inc consistent with this act
are hereby repealed.
SEC. 4. This act shall take effect from and
AFTER It's passage, bat all acts done and rights
acquired previously to the taking effect Of this
act, shall be adjudcated according to the laws
heretofore or now in force.
ZUMBRo COUNTY.
The committee to whom was referred the
petitions for and against the establishment
Of this county (by Mr.. TArrERsALL,) made a
report adverse to the establishment Of said
county.
A minority report was presented by Mr..
LLBBEY, asking the House to postpone ac-
ton on the matter for three weeks.
Mr.. RUTAN moved the adoption of the
minority report
Messrs. TATTERSALLa and BURGESS
opposed the motion.
Messrs. SEELEY and LIBBEY adyo-
Gated the motion.
Mr.. TEFFT moved that both reports be
laid on the table for two weeks
Mr.. TErrr's motion was adopted by ayes
81, nays p.
BILLS INTRODUCED.
BY Mr.. TALBOT: Memorial to tho
President for the sale of Pine lands.
LUCIus c. WALKER.
This gentleman, q member from Henne-
pin county, sent in communication asking
leave Of absence for one month. lie stated
that for the time he had previously been alb.
sent he did not ask for his per diem.
Mr.. KEITH inquired ofthe Clerk wheth-
er MIR. WALKER had received his per diem
certificates.
The Clerk stated that Mr.. WALKER had
received his pay for sixty-five days.
Mr.. KEITH offered resolution vaca.
ting the seat of LuCIUs G. WALKER.
Mr.. KEITH stated he did not expect the
members would be disposed to adopt this
resolution. The gentleman had been absent
from the Legislature all the time, except for
eight days. The gentleman had stated that
he did not desire pay for the time he was
absent, yet at the same time, he had receiv.
ed from the Clerk his pay for sixty-fve days
Of the session. The conduct of the gentle,
man was disgrace to himself and his con
stituents, and as a Representative from
llennepin county, he did not wish it to be
considered that he justified the conduct o.
his colleague.
After some further discussion, the resolu
ton was withdrawn.
| THE AGRICULTURAL COLLEGE.
This bill being the special order Of tht
day for IL o'clock, was taken up at thai
hour.
Mr.. PIERCE in the Chair.
Mr.. SHEETZ offered substitute, ap
pointing Messrs, NORRIS, NoRrH, and Guar
FIELD, commission TO locate the College.
The substitute was discussed by Messrs
BALCoxBE, SHEErz, CHowEN. STEVENS, anc
L. A. THOMPSON.
The substitute was laid on the table.
The bin was ordered engrossed fora thirt
reading, by ayes 50. nays ..
The House then adjourned until ter
o'clock on Monday.