Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-02-27
TIE INTEREST QUE TION.
Speech Of Mr. Taylor. OF LoudOun.

LII the state Dc';ilte vi iu'Su's ~ '".i't'
Of Lorloun, in presenting the resolutions
adopted at Il IN, cIrs # the Commercial EX-
change ard bu.ne,S rlcu uf ArXa:.drla upon
the question of Interest, said:
.M. President: | chcclttl!ly accord to the re-
quest of So large aud intelligent bouy OF NY
constituents as the Commercial Exchange OF
Alexandria, 10 presenting to this body the
resolutions adopted by them, and | regret, sir,
that my lu'y to the people whom have the
honor III part to represent on this floor, will
not allow NE to comply fully with their de-
size gu The I'D vi December, 1870. rcsolu-
ton was introduced into this body, to strike
from the constitution the clause IN relation
to usury aud that resolution Was passed
March 18th, 1871. my colleague. then tn" ocu-
at,r from Alexandria, aud myself ynilnL
aye On December It'll, 1871, the clicks OF
the two houses of the General Assembly pre-.
scuted certified copies OF said resolutions
which were again passed by this odv, On the
18th day Of January 1872, my colleague. the
Senator from Fairfax, ami myself again ro;-
ing aye
Wrils of election were issued in accord
a,icc with these reSo uti5ns. and on the 4ih
rhur>,isy iu May. the voters Of t:i- C'mm"n
wealth voted upon this proposition. The ccr-
titled vote Of our district was: For striking out
second cIu>c. III \ eXardFa city aud county.
80: against it, IS. In Fairfax, Tor striking cut
secoul claus, IA; against it, Isl. La Prince
| VII lam. for striking out, 30; agaluSt il, b.
| Ii Loud un. f,r >tilcklug OUT loo; against
it - -ulakins in al 264 votes for striking out
said clause, and 2SS a.aIst IT, or ncaly clg ht to
one. NV. sir, believe that M rity 80
voting thought, that whcu this clause was
! stricken from the constitution. the old u>ury
laws wcre r:-cstab,i>hrd. But th,s was not the
cl>e. The subj Ct was simply transferred to
the General Assembly for legislative enact
!neul. On the lth day vi October, ISL Il
Conservative convention was he'd III the city OF
Alexandria, comprising delegates from each
c Iurty in the district, aud many Of eur best
men w~r: in ATTENDANCE IA delegates. Mr.. Jpo
\. Carter, Of Lou ioun, offered the following
resolution:
Re.olcrd. That the noni.cc. of this convcn-
lion. ii elected are considered pledged to urge
at tn" earliest pu>> bic time the passage Of law,
by the L. 81 ;.tIrc, Gina ging tie present rates
of interest u rot moe ,n,n six per cent = r
ARR m that the "OtciS oi III: state may have
IN opportunity Of voti: e the sane at the neat
! >?rlig election.
This resolution was almost unanimously
aluptcd, "a | am riormcd The Senator from
Fairfax and myself becan their nominees. and
were elected by the Voters It the district.
Now. Nr. President it is clear to NY mind
thrt ii tie vote To strike t:Jm the constitution
'liS tlaue i'll relation 10 u>ury meant nothing,
tic adoption # the resolution which have
read. ~ the cDuvnntlon. AID the subsequent
ra:lclli n If III, platform ani the election Of
t.rir c;,aiii;.ie> did mean that they ,ircd 10
&c. urn 10 the old rate ct iutclc>t. namely, six
per cent am proud. sir, to rcc9.II;z: tic fact
that the Commercial Exchange Of Alexandria
does not rcc"g ~. the Interests oi' the ci'iz.ns
OF !r-inIa ANA her agricultural interests ds
antag"nt>t;c!L We hear this alone on the
fl ,or oi the two h"us Of this General Assem-
by bat. sir | deny the proposition The tue
Int res II Virginia agricultural. mercantile,
manufacturing ami muug--arc one and ~ |
s"prable II,c,capp.rcn ly divct>9 interests
are branches "l the saline great parent tree, and
the li.htiiDg boit that >Eiycrs the one will
bght and withrr the other. All, >ir. must he .
protected hy wise an liberal legislation. We |
must expand our hearts and lc4i>alc Tor the |
coulnuu good 1T al.
Mr. President. know that the question Of
u,ury Is not now be the Senate, but, sir |
desire t. Say one word III this conuectlnu. Nlr
ginia is IN agricultural STAT, and from her
soil and climate NUT ever be such Now,
ii is Il fact beyond contradiction, that the
six per cent on Their Investments ANA lay
down this propositions: That any people who
pay Il greater rate Of interest than eau be rca
lied from their my. stmcnts or the productive |
capacity vi the Sun borrowed, are gradually |
brcaniing poorer.
Mr. President. thaIk the Senate for this
indulgence, and >hail only add that it is my
si-cerc Il sire that whatever legislation may C
adopted on this Snlj ct VIII rebound to the
honor aud prosperity ot oul beloved old COM
monwcaith.
The resolutions were referred to the CON-
mttre for courts of justice.
CONGRESS \ ESTERDAY:-Inth the Senate bill |
Was passed making an appropriation Of $4,000
to drfray the expenses OF the Pomcroy lives
tigatirg Committee. The House amendments
to the bill FIR distributing the Geneva award
were not curcurrri in. and committee Of con |
ference was appointed The Utah bill was ia
ken up and discussed at some length by Mr. |
FrclInghuy>en Mr.. Thurman, Mr. Morton and
other Senators At the evening session the |
bill was further debated bur no vo,c was taken !
The Committee on transportation routes was or
drred t. inquire Into the cxpcd!rncy OF con-
struclng Government railroad from the At
anic sclboar, to some point on the MiS>lSslp- |
pi or the Missouri river. The House bill pro-
vding for the payment Of Southern c,aimS was
place1 on the caendur. The House bill to
carry int. effect the t.hcrcs CLAUSE of the trca.
ty of Washington was passed. y majority re-
port was submitted declaring that the charges
preferred agaiu,t Mr.. Clayton, of Arkansas,
have not been Sustained
In the house Of Representatives the debate
OF the report Of the Credit Mobilicr Investigate
ing Committee was continued. Mr. Richie |
offered as substitute for the resolution RECON-
needing the expulsion OF Cakes Ames and
james Brooks. resolution ccn>llring the above |
namcl gentlemen also Henry l.. Dawes, GLENN
W. Settled James A. Bingham. Vim. D.
Kelley and James \. Garfield, but Mr. BIng-
ham, objected. aud the resolution was not en-
tcrtaincd. Mr.. Beck denounced the whole
Credit MoJiIier business, but held that the
House had no power to punish members tor
acts committed before election MIR. Voorhees,