The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-04-15

was a hydra, cnlmera, eo'sou VIZ
With Mcdusa's snaky head, and ne would
drive usury from Richmond city, and ne
would follow him; and he should not go
into swine, nor should a whale swallow
him, but he would chase him into the sea,
and crawtish, and catfish, and eels, and
terrapins, should eat up bis liver.
Mr.. DICKINSON opposed the bill. He
commended that no business in the State
would warrant merchants and others In
borrowing money at s and 10 per cent.
theoretically, he was opposed to limit
upon interest but there was one argument
in favor Of it. Law fixed the dollar, and
had the right to fix the value of the dollar.
He considered the present no time to
change the rate of interest. No good to
the people would flow from it.
Mr.. WOOD stated that constituent Of
his had expressed the opinion in favor of
the largest liberty on this subject. His
experience was this he had bought guano
at $l10 on credit, which was worth ss5
cash-paying thus sixty per cent. for credit
in buying guano. Yet he found that II
was to bis interest to pay this sixty per
cent. rather than go without the guano.
His increased crops reimbursed him. This
farmer could save fifty-two per cent. by
borrowing money at eight per cent. This
showed that men ought to be free to Dor
row money at such interest as they felt
that they could pay. They were the best
Judges as to that matter.
Mr., DAVIS couldn't believe that the
poorer men were, the larger interest they
could paw. Values generally were de-
clining. Money borrowed at high rate
would necessarily embarrass men. Pass
this bill, and the universal rate would be
eight per cent. This increase would not
secure any large amount of foreign capital,
and the result would only be to enhance
the interest upon the capital we already
had. 1t was a bill simply to benefit the
lender and injure the borrower. He never
believed that any amount of interest would
bring large additional capital from the
North. 1t was the uncertain condition of
the country, with the threat of confiscation
hanging over us, that prevented this CAPT
tai from coming to this State. He could
see no benefit to the people at large from
the increase of the rate of interest. 1t
would only benefit the few who had money
to lend.
The vote being taken, the bill was re-
jected-ayes, "a; noes, 34-as follows:
YEAs.-Messrs. Atkinson, Bowles, Brown,
A. J. Clark, Crump, Daniel Huntington,
Kilby, Langhorne, Lee, Leonard, Lewis,
Long Martin, Miller, Morris, Mosby, Owen,
Purdie, Robertson, Scott, Townes, Trout, w.
A. Turner, White, Wilson, Wolff, Wood, Jr.,
Woodbridge, and Word-3i.
Massachusetts,. Baldwin (speaker), Bentley,
Booker, Cabell, Childress, Davis, Dawson
Dickinson, Fields, Garrett, Glendy, Graves,
Gray, Harris, HansbrouGh, Jackson, kellam
Kendrck, Mann, Marshall Mcdonald, Mer'
rift, Moore, Morgan, Parsons, Peed, Powell
Riggs, Smith, j. Med. Taylor, w. +. Is. Tay-
lor, wall, Woodson, and Wyatt-3i
Mr.. GRAY moved to reconsider the vote
by which the bill was rejected and then
moved to pass by the motion to reconsider !;
which motion was decided in the negative
% to A.
The question upon the motion to recon-
slider was decided in the affirmative
ayes, So; noes, SO.
The question recurring upon the passage
of the bill was decided in the negative
ayes, So noes, 80.
The vote was the same as the last, with
the exception that Mr.. ENGLISH, who
did not vote then, voted "aye" now,
and Mr.. WORD changed his vote from
"aye" to "no," thus producing again a
tie, which lost the bill.
Mr.. MERRITT entered a motion to recon-
slider the vote rejecting the bill second
time.
The Senate bill prescribing uniform
rule for compensation for slaves in con-
troversy at the time of emancipation was
amended by the adoption of a substitute
reported by the Committee Of Courts Of
Justice, and as amended was passed.
MECHANICS LIENS.
The Senate bill amending the law in re-
lation to mechanics liens on buildings
was read third time and passed-ayes,
81; noes, 81.
This bill so amends the law as to extend
its operations in the matter of liens upon
land and buildings to secure the money
contracted to be paid for buildings and for
repairs to the country as well as to the
city, and also includes sub-cOntractors and
others for work done and material furnish
ed in building or repairs. 1t limits the
lien to six months from the time the last
instalment of the money to be paid under
contract for such buildings or repairs shall
become due, unless suit in equity shall
have been commenced within said six
months. In the event of such suit in equity,
the lien aforesaid shall enure to the benefit
of the sub contractors and persons to whom
the contractor holding the lien may be in
debted for materials or labor; provided
that such sub contractors shall file petit
tions at any time before final decree ma
king themselves parties to the suit. The
court, in case the lien be established, to
order sale of the land and buildings
thereon to satisfy claims of the parties in
terested respectively. The bill was ex-
planned by Messrs. KELLEY and EVANS, and
sustained by Mr.. SCoTT.]
CONSTRUCTIVE MILEAGE.
The bill to amend section IL of chapter
IA of the Code, to prevent constructive
mileage, came up on the question of its
passage. lit prohibits constructive mile
age when the Legislature re;iSsembles in
extra session within three days after the
adjournment of the regular session, but
allows per diem for that interval
The question upon the passage of the
bill was decided in the negative-ayes,
40 noes, 3: Messrs. HERNDoN, kELLAM,
and KENDKIcK. 4 majority of the whole
House fifty. one) being requisite, the bill
was lost.
BILL. REJECTED.
The engrossed bill for the relief OF
James 0. Harris, late sheriff Of Culrcrer
county, was rejected.
BILLS PASSED.
The following engrossed bills were read
a third time and passed:
A Hill Amending the act nasscd .Lnnuarv