Wilmington daily commercial. [volume] (Wilmington, Del.) 1866-1877, 1873-01-15
SHALL TH ~ | ~ III 49, SsssGA y THE


Repeal OF NE usuEV Lay = chAracterfzpd by
the Btsii.5dstah, ga hi rictufins the Pec-
pie Of Wilmihsf a ks,Aotstera seeking 10 prey
upon thu ststa,l as IA measure which, would
"cause the f6rec closure 81 al the mortgages n
'the State, and an incfeassan ylie rates of in
"terest oAny esmouat which a speSnlatlyq7ds
"IaaAd s6l msdsy eight Auegszt' Bot eiIpI
poVs siA that,tAe Usgy Law be pot .repselef-
No one asks that Il shall be: Suppose, then,
that YOU Ih6dify rs pfogisi6nA and ALLOW the
payment OF more than SIX pei cent. for money
What viii be- thsregalt lolpn'roliW sayed2 1
InfiAmmatory appeals To- the fears.of the people
are not in order upoa . discussion Of this sui
ject. 1t is business question Of facts and hg-
ureE ktA 4 HfjoSs kakoa1 heller two bhd
two MAKE Your Or wwhethet they make Aorne other
number. Everybody knows that more than si1
per seAe = fsidlf& money, nov, DAY after day.
from one end Of the 6tategto tns othe'
by every class Of borfowetsN engaged in
evsEy sort lonoGcupatnn, The law sAye, Ply \
per Cent. only shalt be pkit, and according 70
the Delatrdredn, the lsyfshopld so remain-any
proposition to change II d an attack on the
farmers. But slpfessp4ea Ara ifmensy ts fS
be obtained, more must be ps'd. The law 10
dead in all the ordinary transactions OF bust
ness, end thoughatmAy hel treason to. say 80,
in the. Judgment Of those whose in
terest lies in stirring up hatred against the people
of Wilmington, yet every sane man in Delaware
knows the fact. Thousands and tens OF thous-
ands cot dollars are loaned, daily, at TnFiouH
rates, trimming up, perhaps, to twenty per cent
Farmers no longer borrow on mortgage at six
they sell the mortgage for three years at shave
of Asn,or kftesn,p eT oentp and probably pay the
broker commission for the transaction Busi-
ness men 60 ION the street, 2 and sell their com
merciAl paper at the current rate, which, as the
law imposes heavy ponflty and great risk on
the transaction, is Of course much magnihed by
that infinenos, In Wilmington, all rates Of
interest, from SIX upward, ara being paid, and
throughout the State, fat.ners, are. contracting,
glad to get money at any price, for loans for
three years, at rates amounting 10 eleven per
cent, And yet the .Usury Law-praise to its
comse sAss you must borrow only al SIX u /
This sort of proceeding looks like child's play,
doesn't it,VN6s9shst do yuu want to renee
the existing condition? Is it more money
If 30, can you expect to geti any more easily,
in the future thsnsheretofogs II you are per-
mitted to offer only six per cent, are you likely
to get it, when railroad bonds pay seven and
over, 9SsheA 9thkrI States iletzlfzel seEsn for all
sec,nsiss AndoHhsn Oominsrcisl paper, safe
and siFsy IL tellirs,ispy dAs.tat oyer ski Peo-
pie do not lend money for fun, and generally
not for favor, and how it.can be reasonably ex,
pected that relief for the existing stringeney W.
bs found in bidding six for loans when othel
parties offef seven or more is quite beyond an o.
binary capacity to understand.
10 c1iA1g ta.e p.S,se... l--z, aad rnntl,,.a the
penalty for borrowing at over six per cent. is
the plsfngst suggestion Of common sense. II
win red6ce'the risk OF lending, and SO in
crease the number of lenders and the. amount
to be lent. II A can loan At home to his neigh
Dor B. at seven per cent, without Idr1'ng the
riaR OF losing principal and al, he VII do 80
rathsrthAn send THE noneyto New Jersey to sc
'ato mortgages at the same rate, or to Omaha, o
Canton, or Podunk. where some railroad, or wa
ter works. or other corporation, offers bonds a
eight. while he present law is in force, h
sends it away, because he gets more for it, an
he will continue to do So How will you sto
him? Can you turn the flow of water uphill
by an Act Of Assembly
IL the legal rate, off interest were to renal
fixed at six per cent, and contracts were author
lied in writing PIP to eight fat the same tint
a careful Aet, il Ithe nature Of a Stay Law
referring only to execution sale on mortgage, n
strictsd 10 two years continuance, and on
operative while iuterestis promptly paid, wei
passed the, good results would quickly DO al
parent. /. Capital accnmulated in the State won
remain here for investment money from 9TH
States would come hereit be placed within Il
two years The sale OF mortgages at ten and fftet
per cent. shaRey would cease, and every farm
who could not arrange with the present hold
oFhis mortgage for Gfenewsl could readily fiji
some one ready to lend nithe required amour
The average rate would probably not be oy
seven per CEN, yel1saaaa aaaf1 ye.
ia saoli Howbhe Rdusate Animals, @
The Bulletin de Paris has an article upon he
to educate animals, very pleasantly told, as Il
Following translation will show:
ITO eduaate an animal is not to force
nature, but to tame and direct 1t, so a. TO mai
it fit fortthe service or society OF man. This
not apery difieult task for one who knows he
to 20 about it. Most animals are drawn towAl
man whose superiority they recognize
instinct, whom they are proud to please, who
lnYesia agreeable, and whose protection is a
vantageous to them. But before these relatio
are established there Is an obstacleto be conque
ed-the distrust natural to the lower animal
The first step to be taken, then, is to secu
the pupil's confidence.
"Unhappily many do just the contrary Of VIII
is necessary to secure this end. Some brut
men know only how to maltreat their anina
which do not obey because they do not undE
staud other men make playthings OF them al
others fatigue than with impotent cAress'
Do none OF these things. What an animal q
mands is security. Never harm him and y
will have his confidence.
when your first relations are established
will come to be caressed Of his own accord,
ways be careful Of him, but without feeblene
or importantly. Never tolerate vicious az
never allow yourself to be defed ; but be ind
gent for Internationally dlsobedience, or for a
dhmags done vunintentonally. In these Il
cases content yourself with making the amin
understand wherein he is wrong, without t
much severity. Well.doing should always
rewarded with a caress. In habtual intercoul
be affectionAte, II you will but first be reasonab
Do not be lavish OF oaresses make them Il
frequent but let your rule be gentle, peaceal
and just -r- i.
Violence and blows are bad means OF odut
ton for animals az well as men. Force mai