Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1867-01-22

| By Mr. Goode-A resolution inauiring into
| the expediency of continuing the present stay
| law for another year, and what changes, if any,
should be made in the same to remove objec-
tions to its consttutionality
By Mr.. Wyatt-A resolution inquiring into
the expedeney of increasing the fees Of con-
stables
A number of bills were read a second time
and ordered to engrossment and third read
ing.
House bill ia, for the relief of the Southern
Life Insurance Company, was rejected.
SENATE, Tuesday, JAN l5.-The following
bills were passed
House bill No. "a, authorizing the Warm
Springs and Harrisonburg Turnpike Company
to charge toll on footmen passing over the
bridge at Bridgewater
House bill, No. Sc, to amend an act entitled
IAN act in regard to abandoned turnpikes, :"
passed February 10th, 1866.
House bill, No. IS, for the relief of John H.
Litz, Of the county of Wythe.
House bill, No 80, to establish and incorpo-
rate the Augusta County Fair
Senate bill, No. 81, to Incorporate the Nor
NAL Music School of the city of Portsmouth.
House bill, No. rs, to incorporate the Char
House bill, No. II, to amend the first section
of an act to incorporate the Mddleburg and
Plains Station Turnpike Company.
Bill No. IS, to authorize the Richmond and
Danvllle Railroad Company to secure certain
liabilities of the Piedmont Railroad Company.
Senate BILL No. SO, declaring the James Riv-
er and Kanawha Canal lawful fence in the
county of Nelson
Senate bill No. 81, to enable the Union Man
ufacturing Company of Richmond to borrow
money.
HOUSE OF DELEGATES.
UsURY LAW.
The Senate bill to amend and re-enact the
4th section of chapter al of the Code of Vir-
glna (edltlOn OF 1860, in relation to interest,
came up In order, it having been postponed till
to-day
This bill had been reported from the Com
mlttee OF Finance, with substitute proposed
by that committee.
The Senate bill provided that legal interest
shall continue to be at the rate of six dollars up
On one hundred dollars per year when no special
contract as to the rate interest is entered into
but contracts in writing hereafter may be for a
higher rate OF interest, not exceeding the rate
OF ten per cent. per annum, for the loan or for
bearance of money, shall be valid for the time
stipulated IN such contract. Such written con-
tract shall be deemed properly executed if the
rate hereby allowed is expressed upon the face
OF any note, bond, or other obligation in writing
executed by the promisor or obligee for the pay
ment Of money
The substitute of the committee provided as
follows:
Legal rate of interest shall be at the rate of
SIX dollars upon the one hundred dollars for a
year, and proportionately for greater or less
sum, or tor longer or shorter time; and no
person, upon any contract, shall take for the
of 9th
above the value of such rate provided, how
ever, that when it is so agreed in writing be-
| tween the borrower and lender, ten per centum
per annum may be charged upon negotiable
notes and bills of exchange which have no more
than twelve months to run, and eight per CEN
tum per annum upon all other contracts for any
period: provided, however, that when said last
mentioned contracts are secured by lien upon
real estate, the said last named rate of interest
shall not run for more than two years without a
new agreement between the parties.
Mr.. White offered as substitute for both
bills the following bill, proposed by the last Ag-
ricutural Convention
Be At enacted By the General assembly, That
the fourth section of chapter one hundred and
forty lone of the Code of Virginia, edition of
eighteen hundred and sixty, be amended and
re-enacted so as to read as follows:
4. Legal interest shall continue to be at the
rate of six dollars upon one hundred dollars for
a year and proportionately for a greater or less
sum, or for longer or shorter time when a
| higher rate shall not be agreed on between the
| parties, as hereinafter provided But contracts
hereafter made for higher rate of interest, for
the loan or forbearance of money shall be valid
if in writing.
This act Shall be in force from its passage.
! Mr.. White advocated his substitute. where
upon lengthy discussion ensued, which was
participated in by MesSrs. Hansbrough, Evans,
Robertson and Clark of Campbell, in favor OF
the abolition or modification Of the usury law,
and by Messrs Lee and WOodson against the
bill and amendments
At the conclusion of Mr. Clark remarks ii
appearing that other members desired to speak
on the subject. on motion of Mr.. Bentley, the
House adjourned.
''ONLY A SIMPLE FLOWER. 1T is only a
simple wild flower, said friend as he saw oul
eyes fixed intently upon little blossom by the
way-slde
Yes, only simple flower to him, neither
pretty nor bright enough to attract a careless
eye but most lovely and dear in our eyes from
sacred memories which make it to us the hottest
of all Gods countless flowers. With it comes
back to US the pleasant sounds, and quiet glad
ness of peaceful homestead, now a heap Ol
blackened ashes We close our eyes and we
hear once more the laughter of joyous children
echoing through its corridors and groves of oak
Busy little feet come pattering in from the
woodland, and nimble fingers choose, from
among their floral spoils, this very flower as
love offering for the best beloved of the home
circle. Crossed are now the little hands in
their still repose, quiet the busy feet, and the
sweet voice will greet US no more until we heal
it in the choir Of angels on the resurrection
morn
only simple fower!" but it bordered 6
school path trodden by one whose feet from
childhood through the short twenty-five years
of his pure young life, never swerved from the
path of duty. He, too, has gone to tread the
eternal courts, and the dust of our darlings liz
side by side in the country church yard
Only a simple fower!" but the deares
memories of life, the bitterest throes of NOR
tai anguish, the dumb despair of crashing
woe, and the drawing of new and divine hop.
lie within it's leaves for u.s. 1t, too. will fad.
and crumble into dust like the hands that gath
cred it, and it, too, has resurrection and
new life.
A jew is plant that seems suited for ever,
soil, and generally thrives best where the pru
| nInu knife iS most app1iaH