South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1868-01-31


that e,cyen ihousand are stll on hand that ow-
ing 10 the disorganized condition Of the militia
DO returns can be made, and that the county as
SCISSORS should be required to report 10 the Al
jutant General the names OF all persons in each
township subject TO military duty.
Attention is directed TO the report of Ncssrs.
Hubbard and Craamer relative to the Aptctan
National Cenetry a Recommendation is made.
da,t seven pupils now in ''thc Institution for the
dear auI dannb and blind at stanton, yir-
ginia he provided for.
CHESAPEAKE AND ONO RAILROAD.
A majority of the Commissioners OF tho
COyington ;lid Ohio railroad, appointed by
an net q the legislature, passed Febraa-
~ p, 1851, IN 4 communication addressed
GO me on tie 4th OF j 1nc last, aud herewith
exhibited, informed me that, acting in con
junction with tic Com missioners Of Virgin
Ia, they had executed contract with the
Virginia Central Railroad Company for the
construction of the road from Coyingtcn 60
the Ohio river, and that 10y this contract
the Virginia Central Railroad and the Gov
ington and Ohio railroad were 70 be con-
solldated, and known thereafter as the
Chesapeake and Ohio railroad. This con-
muuicaton, however, docs not contain the
terms of consolidation, nor have the Com
missioners reported the same to the Board
of Public Works as the act contemplates,
but | suppose they will make full report
10 the Legislature. | am not aware that
9oy further legislation in regard to this I'M
proycmcut will be asked for at your hnnIs,
but if !: shall be, I do not doubt that you
q
which lis importance demands, aud extend
20 this great work such encouragement as
may l. our Judgment bc just and liberal
and tend to insure aud facilitate It's speedy
completion.
The mcssage states that Msssrs Berkshire and
Melvin we're appointed to complete the revision of
''lle Code Of West Virginia bat owing to the
illness of one Of these gentlemen the work is not
completed. \ report will probably be made du-
ring the present session, \ report in regard to
the exercise otthe pardoning power Is communi
Gated
USURY laws.
Allow me again to call attention to the
usury law Of our State, and to repeat por-
ton of what said on the subject in for
mer message. This law imposes heavy
penalties for taking more than six per cent
interest and is the subject Of great com
plant by the business community general
iy. at is coutended that experience has
provcn that TX per ccut is not at all times
sufficient consideration for the use Of
money, and ihat its price should be left by
lazy TO the market, as any article Of NOR
chandizs. Aud in support of this propo-
si,ion the facts are cited that large sums
are borrowed by the United States at more
than 6 per cent that some of the States
have adopted greater rate, while others,
retaining the legal rate, allow much more
to be taken on special contract 1t is also
claimed, and / believe correctly, that per-
sons engaged IN active business are often
willing, aud can well afford, to pay more
than six per cent. for money that this be-
ing allowed by other States, not only pre-
vents capital from coming into our State,
but actually draws il from US; that men de-
string to invest their means or enter into
business, seek locations where more lib
. cral policy prevails and thus We are de-
priycd Of the use Of much capital, and Of
tie enterprise Of many useful citizens, the
rceClt q which i necessarily 20 fctard our
prosperity. And finally, il IS affirmed that
this law i5 disrcgarded and eyadad By the
interruptions, and that it is only operative
70 lie prejudice Of tho law aLiJing citizens ,,
II i now asl,oJ If The Taoisistnre Viii
not amend the law so as T. ailog n crea.cr
-atc Of interest. that IL be So modified "a 70
subject the lender 70 n f,rcaitt,r, If only
tle exce.s Of interest over The lcqal rate
which he NAV take mr. contract fir from III,
borrower. eabmit tbis rrop1.itign f,r
YOUR consideration