Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-02-16
THINGS AT THE CAPITAL.
THE STATE LOAN,

bill which the Legislature recently pass
ed at the dictation Of the Governor and
the Supreme Court Judges. The Senate
Committee of Ways and Means reported
the present law, to exactly cover the
objections and demands of His Excel
lency; although four out of the commit
tee of FIVE expressly declared their belief
that no money could be raised under
the bill. But what else could they do?
The Governor, with one-third and one
man in either House, could and you'd
prevent the passage Of any law the
policy of which, the precise provisions
of which he did not favor. At a future
time we propose to write a full history
Of the Loan Bills Of this Legislature,
and show past contradiction or question
who is to blame for literally blocking
the wheels Of government.
For the present, we call special atten-
ton to the following from the official
report Of the Senate proceedings, on
yesterday:
Mr.. Hutchins introduced an Act to
amend an Act authorizing a State loan
and levying a tax to provide means for
the payment thereof, approved February
9th, 1867. RAISES the rate Of interest
to Is per cent. per annum.
Mr.. Hutchins stated that information
had been had hat the money could moi
be had unless the rate Of interest was
raised.
Mr.. Hastings concurred in the state
ment middle by Mr.. Hutchius.
Mr.. Hutchlns read the following dis
patch from Treasurer Rhoades:
al. E. RHoApEs:-See Sumner and
Dorsey, and have section first amended
to fifteen per cent. Will probably raise
the money, though it is difficult al that
E. RHoADEs.'
Mr.. Hutchins moved that the rules be
suspended, the bill considered engross'
ed and read O third time.
Mr.. Proctor aud Mr.. Haines opposed
the proposed increase, considering 1t
exorbitant.
Mr.. Hutchins favored it, being salts
fed that the State could not negotiate
the loan for less, from the information
received; and, although it might be e1.
orbitant, it was necessary that the loan
should be raised to carry on the Gov
eminent.
Mr.. Monroe considered the Treasurer
responsible for the dilemma he was in,
inasmuch as he had given it as his
opinion that the loan could be negotist.
ed at twelve per cent. Mr.. Monroe had
never believed it could be at less than
fifteen, and the result showed that he
was right. The State credit should be
protected even if it cost twenty per cent
per annum.
Mr.. Hutchins called attention to the
fact that the Loan bill did not embody
the riepJ of the Committee on Ways ana
Means oftke SenGte;but after theveto of the
first bill BY the Governor, it was drawn
up specially to suit the pietrs Of that Off
Ger and the Supreme Judges tcho rer'
6u=.ing about the Legislature: and the rate
Of interest had been fixed at IL per cent
because of a kind of intimation being
circulated that his EIcellency woult
veto o bill for a higher rate.
Mr.. Monroe said this dictation Of the
tyrant occupying the "stone house
was becoming insupportable. When he
first came to Carson he had a favorable
opinion of the Governor; but since then
he had heard so much Of attempted in
reference with legislative action, and
80 many limitations in advance OF the
approval or non-approval of bills, that he
began to think there must be something
wrong. If he in future dictated to the
Legislature what they should and should
not do, he asked Senators to rise and
say they would not have his dictation oil
that Of any other man. He had heard
so much Of his dictation and talk about
Senators course, and whether he would
or would not approve bills that he had
become so disguised with the man as to
hardly be able 10 speak of him with the
respect due his high office.
Mr., Haines thought Mr.. Monroe did
the Governor great injusticei that he
was an honorable and honest man. He
defed any Senator to point to any
wrongful act done by the Executive.
Mr.. Welty desired to reply to the re-
marks of Mr.. Monroe.
The Chair ruled that the Senators
must conine themselves to the question.
Mr.. welty said that he should, if not
permitted to reply, object to the third
reading Of the bill.
The bill, at last accounts, was refer
red . to the Committee on Ways and
Means. It seems doubtful Of q future
as a Legislative bird of passage. It is
not likely that legislators will draw a
dollar from the State Treasury this ses-
sion. But let them see to it that ample
provision is made for paying the Gov
ernor's salary, and the stipends Of other
State officers. The present dilemma is
one that was prophesied by a majority
of the Legislature, but, as before re-
marked, a third Of either House, under
the magnetism of His EIcellency and
the Supreme Court Judges, can prevent
the passage of any bill tending to re-
lieve the State finances and place them
on a cash basis during the Legislative
term.