The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-12-04

CAPITAL AND LABOR.

agricultarists Of Virginia, at Richmond, Of which
eral subjects to be considered, as labor, land,
finance, usury, immigration, &C., having been re-
ferred to committees, were fully reported upon.
as Ex-Governor Smith, Hi1 Carter, Hon. James
Lyon, General Imboden and others. Anon: the
important measures discussed and acted upon was
the repeal Of the usury laws, laws of the State
prohibiting higher rate Of interest than per
cent. Ex-Governor Smith and General Ir1boden
s to the eS and De- peope Of Viz
ginia than labor just now. They both thought
That the farmers were not such dolts as that they
gold as wei as in other articles, and the only way
to get capital was to pay for it. After considerable
debate. Resolutions reported by the committee
vention in favor Of modification Of the usury law
by the Legisture making 6 per cent. the legal IN
terest where a higher sum. is not stipulated by
parties negotiating. The other great subject, Of
Labor, received q good deal of attention.
NJ. Garter gave his experience IN renting lands
On shares ar to Thch a Ta
better, though the influence of the Freedmen's Bu-
reau made them idle, but they were getting better
Of Amelia, gave similar. experience and had,s IN
consequence, obtained white labor, German and
English, and found the latter excellent Mr.. Suth-
erin, however, spoke in favor Of negro labor, de-
caring that it could be made available if kept apart
from the Freedmen's Bureau, and advised those
who had to employ force to give the blacks the
Labor, then reported the following resolutions,
which were adopted:
Resolred, That while We should do all in power to
utilize ell OF the labor now in our midst, white and
colored yet this supply is not adequate to the wants
the country that the andhoders ID different sections
should unite in Offering such inducements to the imm
grant Will induce him to settle in their noidst
ResoLue That committee of five be appointed by the
moraze the Legislature Of virginia to encourage innm
grafton to this State and to make such appropriations
Resolved That it is deemed by this body as most con
ducve to the mutual interests of the propretors and the
labor which we have to employ the aborers for the
stead Of portion of the crops
Messrs. j. Ravensorof Jones, William D. Hart
General William H. Richardson, James Lyons, and
Lewis e. Harvie, we're announced as the commit
tee to carry out the objects of the foregoing.
ferent sections Of the State we're appointed com
llabor-saving machines and implements as the
Executive Committee shall prescribe w. NJ. Tate,
r. w. N. Noland, W. c.. Knight, General W. 81. F..
Lee, and R. 81. Carter. : :1;i.. liz,
A resolution was adopted endorsing the Virginia
Immigration Society, and recommending it to the
means Of Introducing capital and labor into the
SttS msde and ata9Sf
Pohsh Emigration at New Poland, spotsylvnnia
Finally, resolutions were adopted favorable to IN
structon Of young men at college in n1ineralogy;
in favor Of committee to inquire into the exped-
terms as shall enable the farmers to pay for it out
Of the proceeds, who shall report to the Legisla-
ture, and inviting the Virginia farmers to hold
county meetings to express their sentiments on the
subject.
The matter Of finance was not acted upon fur
ther than report from the committee, in which it
was thought impossible, at the present time, to do
nifty through the medium Of the banks, in conse-
quence Of the want of capital. The convention ad-
journed sine die.