The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-01-21

Mr.. JONES proposed to offer the following
as substitute for Mr.. KEILTr's proviso,
and the Speaker decided that It was in order.
He said there were now two lines OF amend
ments That to the Senate's bill and that
to the substitute proposed by the Commit
tee of Finance Of the House. The friends
of both had right to perfect them before
they were brought up for final decision.
Butthe questions upon the amendments to
the Senate bill took precedence. There
fore Mr.. JoSEs's proposition was first in
order.
This amendment is as follows: In lieu of
Mr.. KEILEY's amendment add to the bill:
"Provided further, that SO much of this
act as authorizes any higher rate of interest
than six per cent. shall continue in force
only during the continuance Of the act
passed the ID of March, 1866, entitled an
act staying the collection Of debts for
limited period, and such other acts as may
be passed by the General Assembly
amendatory thereof, so that whenever, un-
der the laws of this State, the collection of
debts due prior to the I'd day Of April,
1865, may be enforced, the provisions
of this act authorizing any higher rate OF
interest than six per cent shall cease 10
operate"
The question upon this amendment was
put, and decided in the negative without a
division.
The question required upon Mr.. kEI-
LEY's proviso, and was decided in the
negative-ayes, "a noes, As.
Mr.. LEE moved to amend the Senate bill
by inserting " eight" instead of "ten as
the maximum rate OF interest.
Mr.. LEE said he Would not be willing to
vote for so radical change in the law as
to authorize "ten" per cent. interest !;
hut he would be willing to compromise on
"eight ;" per cent. He admitted that there
was some force in the argument that the
Federal Government paid 7.3O per cent,
and eight per cent. would meet that COM
plant. The debate had been elaborate |;
but he had not heard the main points at
issue practically presented. He believed
that great deal that had been said IN be-
half OF the bill was unsustained by prac-
tice and experience. The assertion that
our money would be driven off to other
States unless we raised the interest, he
believed was without foundation. lie had
been long business man and bank officer,
and he never yet knew man to send his
money away from the State to be loaned
out. But he did not propose to make
speech. He came forward with his con-
promise, which he hoped the House would
adopt.
Pending the question upon Mr.. LEES
amendment, Mr.. STRAUGHAN moved that
the House adjourn which motion was de-
cided in the egative-ayes, 9; noes, %.
The question upon Mr.. LEES amend
ment was then decided in the negative
ayes, 90; noes, 70.
1t had become evident by this time that
the rejection of the whole subject was a
foregone conclusion with the House. The
votes upon the different propositions to
amend did not reflect the preference OF the
House as to the competing propositions,
but determination to approve none.
All propositions looking to the amend
ment of the Senate bill having been dis
posed of, the question required upon that
proposed by Mr.. STRAUGHAN to the COM
mttee's substitute; and this was decided in
the negative without division.
Both bills being now clear, the question
was put upon agreeing to the committees
substitute [publshed in last Wednesdays
Dispatchl, and decided in the negative
ayes, 10; noes, 62.
The final question was now presented
upon the Senate's bill.
Mr.. GARNETT moved that the bill be
dismissed -; which motion prevailed-56
to 24-by ayes and noes, as follows:
AYEs.-Messrs. Bekem, Booker, Brax-
ton. Browning. CabelI, Childress, Davis,
Dawson, Davidson, Deskins, Dickinson,
Fields, Garnett, Garrett, Gibboney, Glen
dy, Graves, Gray, Harris, Hansbrough,
Harnsberger, Jackson, Jones, Kellam,
Kendrick, Langhorne, Long, Mann, Mar
shall, Martin, Mcdonald, Merritt, Moore,
Morgan, Newberry, Owen, Parsons, Pate,
Patterson. Peed, Pendeton, Riggs, Sea-
well, Smith, J. Med. Taylor, w. F. B.
Taylor, Thompson, Trout, Il. Turner, Wall,
Woodson, Word, Wyatt, and Mr.. Speaker.
Sc.
NoEs.-M essrs. Atkinson, Bowles,
Brown, Butt, A. J. Clark, Crump, Dun
nington, English, Evans, Graham, Han
cock, Holmes, Lee, Miller, Morris, Purdy,
Ragsdale, Robertson, Scott, Townes,
White, Wilson, Woltz, and Wood, Jr.-24.
So the bill was lost.
Mr.. DANIEL, Of Prince George, who was
present, did not vote, he having paired OIL
with Mr.. BENTLEY, Of Loudoun. Mr..
DANIEL would have voted for the bill.
Mr.. WATKINS, of Prince Edward, who
would have voted for the bill, had paired
off with DR.. WADDILL, Of Augusta.
On motion of Mr.. BRAxToN, the House
adjourned.