The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1866-02-14
HOUSE OF COMMONS.

HOUSE OF COMMONS. iaeD
zig TUESDAY, Feb s, 1865.
The House was called to order at 10 o'clock
A. NJ ,.5 -isf.q
The Journal of yesterday was read and ap-
proved.
Mr. Garland introduced "a bill to alter the
county line between the counties of Yancey
and Mitchell" ss,e .z.zs-
Mr.. Hoke, a bill for the relief of R. B.
Paschall, late Sheriff of Chatham county.
Mr.. Hutchinson, bill to incorporate the
Rudisill Gold Mining Company, in Mecklen--
burg county. = -as1 Zv.a.
Mr.. Bryson, q bill to authorize the election
of a Tax Collector for the county of Jack
son.
Mr.. Chadwick, memorial from citizens of
Craven and Beaufort counties, praying the
establishment of a new county to be compos-
ed of portions of their respective counties
All of these were referred. ,s..sd ti5
IA IS ON CALENDAR. ST.. l7aaeid
The resolution introduced by Mr.. Hodnett,
on yesterday restricting debate imiting
members to 30 minute speeches) was rejected,
failing to receive two thirds vote.
"a bill to give further security to a widow
for her years provision" passed its second
reading, On motion of Mr.. Ashworth the
rules. were suspended, and the bill after
further discussion passed its final reading
Yeas 3S, Nays 81. ~
SPECIAL ORDER. z.-
At eleven o'clock proceeded to further
consideration of the bill to amend the Hath
Chapter Revised Code, in relation to Usury.
Mr.. Waugh moved to amend by striking
out the word " ter" wherever it occurs in the
BILL as the maximum rate of interest to be
legalized in cases of Especial contract between
| parties, and inserting the word "seven" in
lieu thereof.
Mr. Cameron. opposed the amendment.
He thought that money should be put on
the same footing as all other commodities,
and its price regulated only by the laws of
supply and demand. When money is
plentiful it can always be bad at moderate
rates. Under the existing Usury laws I'M
lawful interest was frequently exacted. These
laws had brought into being, in many COM
munities, ote-shavers-wolfish creatures,
who 90 round to the different counties, with
stealthy, cat-like tread, exacting usurious
interest, and pressing their claims to the
earliest possible collection
MIR. Caldwell opposed the bill He thought
its passage would prove injurious to the best
interests of the State. 1t would lead to no
permanent increase of capital in the State,
and the subsequent withdrawal with accrued
interest of capital brought from abroad would
still further impoverisl the people
Mr.. Burton, for the same reasons given on
yesterday, was still opposed to the passage of
the bill. 1t would have the effect of raising the
| rate of interest ON the debt noU existing in
the State and would only aid the trading and
specializing portion of the community, the
masses not desiring to borrow at a higher
rate of interest than is now allowed by law;
and he put as a case in point, that If a mer-
chant could be allowed to borrow money at 10
per cent, and should do SO, the consequence
would be, that he would at once turn on his
debtors, have his bonds renewed and incor-
porate in them the like rate of interest, which
they might be forced to do rather than be
sued, and so in the case of all other debts
now in existence In times of ease he would
not be opposed to the BILL but thought it
would be exceedingly. oppressive to the
debtor at this time.
Mr. Dargan opposed the amendment and
urged the passage of the bill as introduced
Mr.. Waugh moved to lay the bill ON the
table.
The yeas and nays were ordered, and the
House refused to lay on the table:
YEAs-Messrs Ashworth, Blair, Burgess,
Burton, Caldwell, Criige Daily, Davis, of
Carteret, Fiythe, Fur, Henry, Hodnett, Hol-
derby, Hoke, Horton, Houston, Hutchinson,
Kinney, Matthews, Mcdonald, Mcclure, Nc
Intosh, Mckay, McNair, Nelson, Moore, of
Chatham, MulTill. Niven, Nicks, Newsunl,
Palmer, Paschal, Potter. Smith, of Guilford,
Smith, of Hartford, Scoggin, league, Trull,
Waugh, 1ork.-40.
NAYs.-Messrs Arlington, Baxter. Beasley,
Black, Bonner, Bryson, Cameron, Gambler,
Carson, Chadwick, COwan, Cox, Crawford,
Dargan, Dickey, Everett, Faircloth, of Green,
Faircloth, of Wayne, Farrow, Faison, Gaines,
Garland. Gidney, Hamilton, Harper, Harri-
son, Halves, Hyman, jenkins, of CASTOR, Jen-
kins of Warren, Jones, Joyner, Judkins, Ke-
nan, Lee, of Gates, Leigh of Tyrrel, Logan,
Luke, Manly, Marier, McAden, McEachern,
Moore, of Alamance, Moore OF Martin, Muir
ply, Rosebro, Russell, Shaw, Smith. of Co
lumbus, Smith, of Cumberland, Thigpen
Webb, Wheeler, Williams, Wilson'S.
The question recurring, the bill was further
opposed by Messrs. Smith, of Hartford, Bar
nett and Daily
Mr.. Mcdonald said he was opposed to rails.
ing the rate of interest one mill. He should
vote against the bill. @
Messrs. Jenkins, of Warren, and Everett
addressed the House in its favor.
Mr.. Wheeler moved to amend the bill BY
substituting the words eight per cent" fol
"ten," which was not agreed to.
The question recurring on the passage o
the bill, it was again rejected
YEAS Messrs Arlington, Beasley, Black
Cameron, Gambler, Carson, Chadwick, Cow
an, Cox. Crawford, Dargan, Dickey, Everett
Faircloth of Green Faircloth of Wayne
Faison, Gaines, Garland, Harper, Harrison
Halves, Hyman. jenkins Of Warren, jenkins
of CASTOR, Joyner. Judkins, Kenan, Lee o
Gates, Luke, Manly, Marler, McEachern, Nc
Intosh Moore of Martin, Murphy, Newsum
Rosebro, Russell, Shaw, Smith of Columbus
Smith of Cumberland, TAigpen and Webb
-43.
NAYs-Messrs Ashworh, Blair, Blythe
Bonner, Bryson, Burgess, Burton, Caldwell
Coates, Craige. Daily, Davis Of Carteret
; Farrow, Ferrel1, Flythe, Fur, Gidney. Ham
ilton, Henry, Hodnett, Holderby, Hoke. Hor
ton, Houston, Hutchinson, Jones, Kinney
Leigh of Tyrrell, Logan, Med Donald, Mcclure
Mckay, McNair, Nelson, Moore ofAlamance
Moore of Chatham, Murrill, Niven, Nicks
Palmer, Paschall, Potter, Rayner, Smith o
Guilford, Smith of Hertford Scoggin, league
TrulI, Waugh, Wheeler, Wilson and York
SO. a
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