The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-06-21

T,aVfEIsture, aD6 an * PzsS@d TaAea
-1.1vtdss thsf a1er the lgtb Of July,
~ '''--
ssr.sonl. Wbsn there il no Egree-
rnSnt Tor dIdsfsat rate Of interest on
ISo51S-- tfse same shku eontinns 20 b
- tEs rae Of o up0n 800 for . yesEr
9nd a TIE same Ests for Eres-sr OF
~ ann, and for . Ioass- q z0oSssF
II ssceioa ? Ii SIAN b lawful 70 eon-
.rzrt n, o.Ey or reserve discount a any
IL snd 10 eontr1es for payment and
-s-os5Et Of any rHts Of i1tEressS kfoFE0-
-. bszsTer, thai % Erseisf 1nleEes[
- - - ezrturn ksali Be recovered
n 9aV sc<in1 AxcsPS Eosu rDs 1Ers,s-
rpeas 70 pay saa= srsessr interest = N
BTItfnE
osssnpQnry remarks that there
So % b rzduE E~-
tzr ss-zs.sa. Al oTE tbs eonat<y IN
ARR ofrbs REMOVAL Of existing rsssr1e-
1o-Is On rhs pr5os q 1oosE. East
south and WeL sEoEts are making for
..,s -~2s14 q tbs 1snry tn~z- This sza-
aasat Is aos Dsr with this PaPez. Il
ks SoE ysEzz arzsa tbsir rsspsEl o. the
z-Sasd q psEey A. vel rs Of sguElity
ssa sS=nsa ss.s- We kArs psvs-
ssa abe % sc 4 rsEs1s fo- h1inE a
priss ss- TIE ~ = Dose9 thEi I'D rot
exirs lsr Axiax tie hire Of n boss CT a
ho,sz. Tss Tai2s q th= o5+ - HoDo-s
Azss and absoEE1s tkE1 thai % tss
..bsr. Ips -spzEl zEs NJ TzEzoas times
tsssn sE1tE.sa IL tnis STATE. 5gt has al
-ys bs MT syAn oqPos5tioa soasd-
e On 3ooz-szisaaE FEs Bdiss tast de-
ss-zsd psEzs-szt s551 IN pressing Lbs
--Ener % aoao=l1s5o1- Nsnbsn com-
zE from tie E-se-SD= q :hs ssk.s % Tie
LsEi.azazrs have EoaHy 55sy bog
ror q zsuy5 bat b5 taking Eod rss-
sersog On the Eab5sss Thy are blng
kozIy s5poEtsd mp 70 = t-Us- bo1o1
u Is sa1y E1a f1soosssss1ey. We
s4Es sTsr b,sl5sEsd 1hz4 me nss
q Dsas5 saoala - e5sspen.
81 E5a O57Psss5 sH - III
OaE- s1uo6ns1, and hired and pE6C
for E1EhEssrsE p15es r.H-zs=s may HErs
Epoa- Il Eboald . regulated By n
ssssule, bsi ts lssI wholly 70 ths nE31
TzI a1soE supply md demand, precise
lyuErz All ether oomnodiiieE- Win
ssoRla B0t 9aAiTsdaAls b permitted u
do rsrt i openly done by tbs 6oTsrD-
sasatK I.s rssezzittss Control liz aga.
Itszzks Is 1osns n a discount, o. fssrss
tba HH high rzts Of 4ntsrast, - in thu
case Of the 80 Botss, ead no one thtsks
II rsuIiOas TO by Ebsn EDd 70 rsee5vs
lslGs ns.s Of interest on them. On tbs
esninssy, tbsy are The more eagerly
.DaEhi Sor baez1ss fbs rEts Is usuFIous.
A very eonDo1 impression has ruled
tbn1 eu inerszss in tbs rate Of intsres:
uould OISrEis oppressiTsIy on borroH-
e.s Of rDgosy On tnnF4gags. WhateSei
oStruth here may have been IN this
many yssss sEo. Il does net apply now.
TbeEs h sesEe<Iy any money nov In
vested on mortgage. the usnry laws
Eradanlly all The time forcing Il int
1Sozs prohGsbIs eA4asEIs. The tsz
zhsea tts Interest On smoaxsgs Is sub,
is4sz % leaves 70 the iendsr little
0Ter 81 per cent. per annum
The small return Il fast driving
capital into other pursuits. But what
ever tie tendency Of money, or what
sTef the came, usury Laws are aEbf.
traEy and tyrsBnOus upon mems fres
se4Ion in their business, and sbonld b
abolished. It IS not pretended thai
money VIII aid enterprise in the en-
IsrEsmeus Of The area Of aEricuItur'
While tbs Government and eofp0rz-
tons are rsying higher mates. Hers
and there loans on mortgage TO Tbs
amount Of fourth or third Of the
vaIns oflbs property offered in security
il made: but Il Is not loaned 70 any
considerable extent. Al 80 low = rats
where 81 AIS snterpEiss In developing
unInPToysd proy erty. There Is M
sspeos of the subjees that does not show
eoneIusiyeIy the folly Of laws aimed 4
regulate the rate of Interest. Tbell
natural tendency "a 10 produce Tesuln
the very opposite intended Usut,
laws increase the cost Of money 70 tn
borrower, As The lender viii not sci
its use for lees than II Is worth; and Al
The Law makes II a penal offence 70 tak'
more thsn = Hxed sum, 70 protect him
self against the contingencies Of tina
penalty, he ezaets q larger rate than b
would Otherwise consent 70 take.