Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-02-23
No LAST VETO.

ough recital and review OF Legisi"'i'e
and Executive proceedings during TINS
winter concerning State Loan Bills; ana
now con6ne ourselves pretty closely 10
the consideration Of the beauties OF the
last Veto of His Iutelligency-not REFER
ring more than is absolutely necessary
to His action heretofore on money-r"iS-
ing necessity; although, as BY and oy
will be shown-his course throughout,
on this subject has been characterized
by great-well, for the present say Dill
ity.
A Bond bill, retaining all existing
forms Of Indebtedness, and providing
for a loan sufficient to set the State on
a running track for the next two years,
was recently PASSED by the Legislature
and signed by the Governor. The bill
was made to confrom to the demands OF
His Iutelligency and the Constitution
al" advice Of those guardians Of
State laws, the Judges Of the Supreme
Court. The bill VAS reported from
the Senate Committee on Ways and
Means, though a majority of said Com
mittee expressed the opinion that 1t
would not raise the money on account
of its offering IL per cent. interest in
stead of Is per cent. 1.-THE first $780,
900 Bond bill, which became a law, by
lapse Of time over the Governors con-
sideration of it, provided 10 per cent.
iuterest.) Under the $500, 900 Bond
bill above described, providing IL per
cent. interest, as the Governor dictated,
Rhoades, State Treasurer, goes to San
Francisco, and solicits a loan. What
was the character Of his reception has
already been made known to the public
in a dispatch from Treasurer Rhoades
to his brother, and clerk; telling the lat
ter to see the Chairmen's of the Commit
tees of Ways and Means of the two
Houses, and have an a~meudatory bill
passed, raising the offered interest
from twelve to fifteen per cent; as
otherwise the money could not be OBJ
tanned. On the basis Of this dispatch,
and on last Friday, Senator Hutchins
introduced a bill e~levasing the interest
to tho indicated amount. That bill was
referred to the Committee OF Ways and
Means; and on Mondy of this week, that
Committee procured authority to tele-
graph on account of Senate, to Treasurer
Rhoades, and inquire if it was quite i'm
possible, or if it was not possible to
raise the required amount, and retire
outstanding evidences of Indebtedness,
at the IL per cent. interest? The re-
| plies that came from Treasurer Rhosdes
and from Ralston, Mills, Parrot and
Livingston, leading Bank managers OF
San Francisco, informed the Legislature
that it was "utterly impossible" to nego-
tiate the Bonds at - per cents, but that
the capitalists named would do all they
could to procure the needed funds, if Is
per cent. interest were offered. On this
report, the Legislature Immediately
passed the smendatory act,-raising the
interest rate, as the State Treasurer and
the California Bankers suggested.
1t being telegraphed to California
that the amendatory Bill had passed
both Houses of the Legislature, nego-
~tiations upon it were at once Instituted
by Treasurer Rhoades; he evidently
and naturally, being Of the opinion
that the Executive sanction was a mat
ter of course. In truth, we understand,
there was no doubt of Approval express
ed by any member of the Legislature,
until after the Bill had gone to his Ex-
cellency.
On Thursday,-so Henry Rhoades
learned from his brother, and reported
to the members of the Legislature-the
State Treasurer had succeeded entirely
in his efforts at negotiation for the State
under the Bond Bill as amended. The
money for current expenses was all ready
for shipment, on that day.
But, on Thursday afternoon, into the
Senate came the Governors "Private
Secretary" with the veto Of the supple
mentary or amendatory act. Even His
learned Honor, the Governors Private
Secretary,-(who while county Judge
ofButte County, California, reversed one
or more decisions of the Supreme Court
Of that State),-even he, the aforesaid
learned Secretary, seemed a little fus-
tered from the nature Of his errand, and
at first announced to the Senate that
the Governor had approved" the
a~mendatory act but recovered his re-
collection and announced that his in
telligencey had returned with objec-
tons, etc.
The Assembly having adjourned be-
fore the Senate could take up the mes
sage, it was not considered by the body
to which it was returned, on Thursday
and both Houses adjourned until to-
dsy-over the Washington Birthday
Anniversary.
But we procured a copy Of the veto
on yesterday, and to it, and comments
subsequently herewith submitted by US,
we earnestly call the attention of our
readers. 1t is due to our Legislators,
that this veto's merits to be fully ven
tilated:
THE vETo.
STATE OF NEVADA, EXECUTIVE DEPT, |
Carson City, Feb. 20, 1867.
To the Honorable Senate Of Nerdda: |
herewith return to your honorable body,
without approval, Senate Bill No. $50,
entitled San Act to amend IAN Act au-
thorizing a State Loan and levying a
tax to provide means for the payment
thereof approved February 9Th, 1887"
The rate Of interest proposed by this
bill is greater than the State can pay
on so large q sum of money. If the