Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1867-11-20

ed 10 committee on federal relations.
Joint resolution from the house relating TO adj i,ufn
menti adopted,
B,is niysdaced and retsryed--By Mr. Baker relating
to interest (egal rate per cent TO printing
BY Mr. Lane, relating TO proceedings under recos snz
ano-. and BY Mr. Hard, to chatel mortgages both 70
com on printing
BY Mr Hard, in amendment Of c 1O6 z q relating to
agricultural county eooetiesi T. com on agriculture
Mr Dale moved that the vote passing 35 be recon
tidercd; adopted and on his motion, otderei TO lie.
House Bids Refsyyed--i43 relating 70 the salary Of
reporters, S05) ytArl 10 finance IS amend
il3 Of otsnses against private property. 10 gen
206 change the time Of holding the county court
In the county n ksses 60 second Tuesday In march,
TO com on Judiciary 1856 20 enable The pew and
prophet " the old bfisk church in flctch sell the
same, central IFS TO incorporate tue Jay Noun
tain road CO. 10 roads; 1853 the Notthheld
ings b'nk Senate amendments not conouned ia BY the
house. and on motion Of Nr Orcutt, ordered 10 lie.
H0use Bus rassed-l62 providing for the dsnosal Of
proceeds OF sales Of property mesne proc S. lOl fix
Ing the standard weight per buhel Of India Wheat 1873
relating TO suits ia which railroad corporation is or
may be par or inte esied
Senate Biif, Passsd-49 relating to State Cablne 2j
Of offences against chastity morality and decency "a u
protect ball playiog within certain limits
Rsp0ytf-Fr0m com on education, 42 authorizing
towns to esiableh central schools. o. motion of Mr.
Martin recomm tied to tle committee for amendment;
am. nd,d and thi'd reading ordered
From lint com on library Ia favor of putchasieg 200
copies OF the hrst volume Of the records " the Hs
tica society ado tied.
On motion Of MIR ssnb0rn. adj ourn-d
Prayer BY ,he Chaplain
Repgrfs-rrom con on education, h l4S to assist in
disent young men and wonen to qualify IN mseves for
the profession Of teaching In the schools wi hin
this sat, with amendment which was agreed to- ihfd
reading ordered
Read Ind taaeH IFS to in ,orporue the Jay noun.
tsil road company 1856 ible he pew and
ptoptetots Of the brick oh mch in Fletcher dis
pose Of the same 2jO altering the name Of Rozanna
toott 20 hozanna Nj ler passed
Bal, introduced and FeferSed-By Mr. Wood Of
FArhaven to protec, trout IN Caste,on and its
tributaries; 70 gen com.
~ Mr Cleveland OF b ookfeld in amendmen, Of sec
chap SO relating to the settlement Of estates 70
com on judiciary,
BY NJ Goodel OF Brandon to incorporate the Bran
don empire mineral paint manufacturing company TO
com manufactures.
by Mr. Hslburt Of Fairfax, to revise and amend an
TO incorporate the Fairfax cemetery association to
toTl orations.
Unfinished 5usine,s-H II providing pay for soldiers
Who served IN The regular army (siyiag them 81 per
NJ Rounds Of Chester mo ed to amend by substituting
bill (ts provisions applicable 70 those enlisted in
the Invalid corps, the regular armf, and Haneook 8
cofp.;) oidered to lie and be printed
Special dsr-H 1853 cefnIg the rate Of intee est
taken up, the question bsug on the smendmeI {
(makinR legal interest per cent - the amendment
tmakns i rsr cen d the endn ent to the amend
ment was disagree To.
the rae per Money vi bring Fhati IL Is sorh
and rather than adopt the amendment he hoped would
be killed a. once.
Nj Goode OF Brandon moved that the bill be di miss
ed.
the repeated violations OF the aw as u now exists men
beiug compelled 70 high rate Of interest as the
money viii command in other states. To medY This
mult establish hsh rate Of interest as allowed
By the United States government, by other states he
opposed 70 leaving the Dill NiihOut limit money is
not commerce, bu; The medium for ca rying on com.
merce The amount OF money Is limited, add We should
have limit 70 the rate Of int est - prtventa monop
oily in 1t When man b0rrows money he sili get 1t
where he get 1t cheapest, We establish il a. per
cent We can borrow money IN New York It per cent
and sha 90 there . borrow 1he ouly safety for
the state is 10 fixing sone ai, else capitalists All rm
lions and dictate eAhofbitant rAes OF interest
aud hal be compelled 10 pay IT, The only safety
will be 10 the fact that other states limit the rate As 10
money invested In manufactures, II We leave no limit to
Of interest shall draw money out Of manufac-
lures for investmt Mt otherwise.
Mr Andrews Of Berlin ssid he not entirelv desti-
Of sympathy for his fello bl he failed TO
any sympathy in the examples that had been cited by
gentlemen 10 this discussion We are farming com
munity aud mostly oung men Of small means who pay
ouly small portou Of the pureh re money he could
beneh result this class OF men by establish
ing the le. rate Of interest per cent and he be-
lie ed we could not pass this bill aud not violate the
oath have taken legislators II the laws are vo-
Ia ID they shall be no better oil with the
rate established { s per cent
Mr. Hubbard Of stockordge said that it is true that
the Of interest in this state lie practically per cent
aud is Of yery little consequence or that
will restrict it 10 per cent tor money now goes to
the vest r investment, AID will do So so long as We
Keep the leg rate Of interest at per cent That rate
established when money but little wanted for n-
vestm'nt and It was Inevitable that the rate Of interest
must increase with the price Of ether h ugs and he
In favor q this BILL win the amendment limiting the
Ar Il ancook of Worcester said he looked upon this
bill being act 70 legaze the taking II exh0rbtaut
rae Of interest and passed he hoped its title would be
changed. tie was opposed tj the b aud stconde the
motion 20 dismiss.
Marvin Of Albugh referred the rate q interest
fixed up government loans and the present tendency
Of government securities being to lover rate tf inter
est aud he do bttd il il Necessary for us to raise
the Of interest in order to draw back to our borders
the nonej that has been OF the state. He be-
aeyed that the that money was sent out OF
the for was that it ght not be yisb
TO he listers at hOne on the hfst day OF Ap Il lie
hoped that should both for reasons Of political econ
omy, aud ior the hghr and moral reasons retain the
least rate Of interest At per cent
Mr. snyde Of bunting ton thought that the supply
aud demand would regulate the price Of money we'll
A. Il othsI things and that could co4rol by
legislation He hoped the bill would pass
Mr Johnson Of Rockingham demanoed the previous
quest n which seconded by the house the quest
ion being dism ssing The bill MT Andrews OF Berlin
demanded the yeas and swh ca were taken and were
follows
Ayes l4s NAYS 73; so the bi was dismissed
Bis In rodnc d-By Mr. Miner Of Manchester in ex-
planau n provide foi the pTese ya,ion ADD
restoration Of fish n the Of VT, and by MI Feuin
OF Montpelier alter the name Of Sarah or wn AID
oonst her heir Ataw Of David and sarah Nc Dom
aid both u gen com.
Repoit-From com on Judiciary, l9l TO amend sec
II crap ll9 reAing offences againstpublic polcJ;
third reading ordered
II bill n in relation to the discipline Of the State pts
Nj Ross OF ST. Johnsbury proposed substitute for
the section OF the bill, making deduction fom the
of Of five days for each mouth OF good be
havior.
Adjourned