Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1868-04-21
UNCONSTITUTIONAL CONvENTION

of all kinds, as the Shenandoah Valley Of w
ginia.
UNCONSTITUTIONAL CONVENTION
| SATURDAY, April 1.-THE Committee o
Revision submitted report, which was ordere
to be printed in the Journal
THE NEW GOVERNOR AND NEGRO SUFFRAGE.
Mr. E. Gibson offered the following;
"Whereas, the Convention was recently in
| formed by the present Governor of Virginia
General II. III. Wells, that all efforts to proven
negro suffrage would be found to be fghtin,
against the obvious consent of American senti
ment and contending against the will Of God
therefore, be it
''Resolved, That committee be appointed tt
| request his Excellency to explain the recent EN-
Ephatilc expression given by the people of Mich
gan This adopted State) of their views on thi
important issue, it being now stated that ma
jorlty of 80, 900 votes were cast against negro
suffrage in that State
This was not received.
BANKS AND INSURANCE COMPANIES.
The following resolution was called up as the
order of the day:
"Resolued, That the committee on taxation
and finance be, and are hereby, instructed to
prepare and report for insertion in the Constitu-
ton an article providing that the rate of interest
in this State shall be eight per centum on all
transactions carrying interest where no special
contract is made, but that all contracts made
between parties for any special rate of interest
shall be legal and binding, whether the same be
more or less than eight per centum."
The following report on banking, etc., was
also taken up for consideration:
81. The General Assembly shall not grant a
charter OF incorporation to any bank, insurance
company, trust company, or any other banking
institution, with privileges to negotiate loans,
buy and sell stocks, bonds, coin or other securi-
ties, or to do the business of broker, or to dis
count paper, bills of domestic or foreign ex-
change, at a greater rate of interest than that
fixed by law.
''2. No person who is a broker, or who deals
in stocks, coin bills of foreign or domestic ex-
change, or any other securities or discounts
paper, or loans money at greater rate Of inte-
rest than that fixed by law, in any manner what
ever, or who is State officer or who receives
salary from the public treasury, literary, or other
funds of the State Of Virginia, shall be allowed
to hold any office, directorship, or clerkship
whatever in any bank, trust and loan company,
insurance company, or banking institution of
any kind in the State of Virginia
THE PRINTING IlBRoGLIO AND MR.. E. GIBSON.
Pending the discussion of this subject, Bayne,
by leave, introduced the following:
Whereas Mr. E. Gibson, delegate of Giles,
did declare that fraud had been committed by
the chairman Mr.. Allan, of Prince Edward, of
committee relative to printing and the money
thereto. Therefore,
"ResolUed, That the said E. Gibson be and
is hereby ordered to report to this Convention
in writing by one O. clock to day all the evidence
he has Showing any fraud committed in the
premises.
Failing to comply with this order he be tried
By the Convention and be Expelled or Receive
such Penalty as the Convention may infict.
Mr. Gibson asked the privilege of an explana-
ton. This was refused him.
He said that if the Convention received this
resolution and spread it on the Journal, and re-
fused to allow him to explain, it was composed
of set of baser scoundrels than he believed the
space of the hall would contain. 1t was known
that he was going away on leave on Monday,
and that he had laid the charges before COM
mittee composed for the greater part of mem
bers from the Radical side of the House) which
had failed to report.
White offered the following:
'Whereas, the gentleman from Giles, Mr.. r.
Gibson, has grossly insulted this House by
using disorderly and improper language which
were disrespectful to the members of this House
Ito wit: If this House will receive such a
resolution, knowing as it does that | have to
an opportunity of defending myself, it is COM
posed of set of baser scoundrels than l sup
posed could be collected in any body, therefore,
"Resolved, That the gentleman from Giles,
Mr.. e. Gibson, be and hereby is expelled from
this Convention. -
A motion to suspend the rules in order to
consider this was lost, as also motion to recon-
slider this vote.
1t was decided that the consideration of the
subject interrupted by the introduction Of
Bayne resolution was the only thing in order.
Mr. Gibson repeated it, that he would like to
have it understood that he had laid the evidence
in this case before the proper committee, which
has failed to report
BANKS, ETC.
The consideration of the order of the day was
then resumed-Mr. Snead on the floor. At the
conclusion of his remarks motion to adjourn
was made and lost. 1t was found that there
was no quorum present, and a call of the House
was ordered.
Under resolution requiring the Sergeant-at-
Arms to bring in absentees, that officer pro-
ceeded to do so, and had quorum by four
o'clock.
Mr.. Mayse asked leave of absence for five
Some squabbling ensued, and the Convention
adjourned.
MONDAY, April 13.-Mr. Maddox, from a
special committee, made report recommending
the printing Of 1000 copies of the Constitution
in English and 1000 in German. Also, that a
special committee be appointed to examine the
printing of the Constitution, and the printing
and binding of the documents heretofore order
ed, and audit the accounts of the printer and
stenographer Also, to forward to each mem
ber of the Convention l25 copies Of the Con
stitution. The report, under suspension of
the rules, was adopted.
THE USURY QUESTION.
The consideration of the limitation of the rate
of interest was resumed when the following res
olution was amended by the adoption Of Mr..
Marye's proviso, which we append:
Resolued, That the committee on taxation
and finance be, and are hereby instructed to
prepare and report, for insertion in the Consti
tuton an article providing that the rate of in
terest in this State shall be eight per centum on
all transactions carrying interest, where nc
special contract is made, but that all contracts
made between parties for any special rate of in
terest, shall be legal and binding, whether the
same be more or less than eight per centum
''Provided, That nothing in such article shall
be construed to effect the legal rate of interes
now existing under contracts made prior to tht
adoption of this Constitution. -
MIR. Snead proposition limiting the rate O
interest to SIX per cent, and that of Mr. Platte
making the maximum rate fifteen per cent.
| were both voted down.