The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-02-14

forbearance Of money or other thing 10.
terest at a greater rate than is allowed
by law, he shall forfeit the value OF
such interest. =.
6. The laws in force Immediately
before the passage OF this act, shall
continue to apply TO all contracts
heretofore made and demands hereto
fore accrued, and the remedies to en-
force them. :,
7. This act shall take effect and
be in force from the first day OF July
1872. :,
YEAs-Messrs. Bennett, Cornwell,
Cross, Dawson, Elliott, Enoch, Fisher
Grantham, Harrison, Hutton, Jordan,
Legg, Lightner, Lough, Mauzy, Nc
Coole, McComas, Monroe, Nadenbousch,
Nash, Parker, Poundstone, Prltchard,
Prunty, RAIDER of Nicholas. SIdebo'tom;
Stout, West, Wilkinson, Williams and
White of Logan-3l.
NAYs-Messrs. Barr, Barclay, Bier,
Bishop, Bridges, Campbell Of Monroe,
Fleming, Hughes, Jones, Langft, Lewis
of Lewis, Lewis OF Kanawha, MCGOWAN,
Miller, Morgan, Robinson, Rollyson,
Ruckmaa, Stnrgiss. Thayer, White OF
Marshall and Mr.. Speaker-22.
The bill now goes 10 the Senate for
concurrence, and if it does not display
more judgment than has the House, we
shall have an opportunity OF witness
ing the results which will flow from
this species of legislation. 1t does seem
to me that little common sense might
teach our assembled wisdom, that
money, like any other commodity, will
seek the highest market and that the
only benefit to be derived from re-
ducing the legal rate at which it shall
be hired or loaned is to drive from us
all floating capital. 1t may have been
that in ages gone by, when applejack
was l21 cents gallon and the other
necessaries of life at proportionately
low prices, six per cent was enough Tor
money, but now. when the Government
is paying a larger net rate and all the
railroad bonds produce much better
return, it is the height of toolishness to
attempt to re-enact the restrictive
measures and to galvanize into life the
exploded theories of halt a century ago.
But you might just as well whistle
psalms to dead horse as to attempt to
convince our legislative Solons that their
toretathers were not the wisest men 1t
ever pleased the Good Father to Undue
with the spirit of lite. Now am a
Conservative myself, and no person has
a higher regard for the memory and
principles Of the fathers than myself,
but dislike to see the representatives.
of our party shut their eyes to the ex-
perience Of the past and disregard, sim
ply because it is new, measures which
are of vital interest to the whole State
In the Senate, resolutions denouncing
President Grant for his usurpations
under the Ku Klux bill were passed.
OF course l have no objection to this,
but the matter has already consumed
several days OF the valuable time OF
that body which is paid for by the
people, and, 30 lar as can see, has
resulted or will result to no purpose
other than to give members an oppor.
tuuity to display their colloquial pow
ers As an expression of opinion, the
resolution will be endorsed by every
Democrat and by many others, and as
piece Of political buncombe may be
considered as success, at least that Is
the opinion Of its author, Mr.. Wilson,
whose talents run peculiarly in that
way. But what is the use OF the labor,
the loss Of wind, of time, and the furi'
Gus saving OF the air which it has
occasioned? In my humble judgment
the very honorable gentleman would
have better subserved the interests Of
his people had he quietly accomplished
the work which he was delegated to
perform and gone quietly home and
quietly about his business, than they
will be by all the furious tusilade oi
words which he launched into the
shriekiug air. l suppose, Of course,
Grant will feel sick when he hears Of
these resolutions, but if he had been
compelled to listen to the debate he
would undoubtedly have felt worse
This thing Of buncombe resolutions and
political clap-trap in a legislative body
is about played out, and the gentleman
might just as we'll attempt to suck up
The Gulf of Mexico through a goose
quill as to accomplish anv good result
by the means he has used.
The Convention spent the day in the
discussion OF the seventh section Of the
Report of the Committee on Bill o.
Rights, the provisions Of which | sent
You last night. Speeches were made
by Messrs. Wilson, FItzhugh, Byrne,
Davenport, Ward, Wheat, Matthews,
Woods, Price and Faulkner. The
speech OF the day, however, was that Of
Mr.. Woods, in reference OF the Report
Of the Committee. He was listened to
throughout with the utmost attention,
and presented in clear, concise and
forcible manner the necessity that had
and would arise for the adoption Of
such provisions as the one under dis
cussion. If left to legislative action.
all knew the influence which powerful
railroad corporations exercised over such
bodies, and it was not too much that
this Convention should throw around
the rights OF the people all the safe
guards that should be necessary, and
by making them part Of the organic
law, prevent them from being granted
any privilege by future legislation. After
debate which occupied the entire day,
the words "or damaged" upon which
hinged the whole controversy, were
stricken out, and the Convention ad'
journed. Thus, you will see, thAt two
days have been consumed on this single
section, and, at this rate OF progression,
the Convention bids fair to celebrate its
anniversary in this place. But, while
this is hardly supposable case, the