Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-01-27
FROM RICHMOND.
LEGISLATIVE.

RICHMOND, Jan. 25.-ln the Senate: to-day.
bills were reported to amend the act to
prescribe the times for holding the Circuit
Courts of the State; to amend the first
section ofthc act to authorize the Circuit Courts
of the Commonwealth to grant charters of IL
corporation, and to repeal certain sections of
the code authorizing judges in vacation to
amend charters of Incorporation providing how
liens upon real estate may DC discharged; and
to amend the act providing for the adjustment
of liabilities arising under contracts and wills
made between the lst day Of January. lSGo, and
the 10th of April, 1873 also bill to incorporate
the Rockingham bank
An adverse report was made upon the petition
of the bar of Winchester to amend chapters
l2S and 129 of the code Of Virginia.
The assessment bill was further considered
and amended.
In the House Of Delegates bills were report.
ed to amend the charter Of the Valley railroad
company; to amend the code IN relation to
copies of records and papers IN puDllc olnces as
evidence: to authorize the. supervisors OF the
several counties to appoint physician and
nurse to attend the poor and regulate their com
peusation, and to preserve all rights and RENE
dies imperiled or destroyed BY the loss or de-
struction Of papers filed in the various public
Offices of the Commonwealth.
The Auditor was requested to furnish the
House with the amounts of county, city and
town evies tor county, township, road ana
school purposes, for the year 1872
The Senate bill to amend the code 10 relation
to the appointment and qualification OF crlers
of Courts was amended and passed.
The Senate amendments to the House bill to
amend the act to appropriate the proceeds OF
the landscript, &C.: were agreed to-. ,
The Senate amendments to the House bill to
authorize the Virginia and North Carolina
Railroad Company to assume the name Of the
the Washington city. Alexandria, Lynchburg
and North Carolina Railroad Company, were
agreed to.
The Senate bill to enable the trustees Of the
Presbyterian Church of Harrisonburg to receive
and hold beque>t under the will of Ann Da-
wilson, deceased, was passed.
The Senate bill directing the committee on
the library to make purchases Tor the library,
was passed
The Senate bill to amend the code in refer
ence to marriages within prohibited degrees OF
relationship was amended aud ordered to a
third reading.
The Senate bill! to incorporate the Rich
passed.
Bills we're introduced to provide for the ap-
pointment of road overSeers 10 certain eases,
and to authorize the issue of duplicate land
warrants where the originals have been lost or
destroyed.
The oyster tax bill was again taken up and
further discussed till adjournment Last year
the revenue from oysters was. say S6Q,OOo
expenses of the navy, 10000; profit $50, 1000.
about one half of which has been already con-
sumed in the discussion Of the subject IN the
House The net income from oysters Is less
than SIS, 900 per annum.
THE NEW INTEREST BILL
The bill which was before the Senate fixing
the legal rate of interest having been defeated.
the House Committee Oh Courts of Justice
have reported new bill, which fixes the rate
at six dollars upon one hundred dollars for a
year; and proportionaby for greater or lesser
SUM. or for greater or lesser time, and de-
clares that no person upon any contract shall
take for the loan or forbearance of money or
other thing above the value of such rate. 1t
provides that all contracts and assurances made
directly or indirectly for grea,ct rate shall be
deemed to be for an illegal consideration as to
the excess beyond the principal amount 50
loaned or forborne. 1t gives borrowers the
power, by bill in equity. to COMPEL lenders to
discover upon oath all the facts of the case and
prescribes the mode of proceeding in all suits
for recovery. 1t authorizes any tank, author
lied to carry on business as bank of circula-
ton, deposit and discount, to loan money for Il
period not exceeding six months, and discount
any bill of exchange, promlSsory note or other
negotiable paper for the payment Of money,
which will be payable within six months from
the time Of discountlng the same, and allowing
them to take interest on their loans and dis
counts at the rate of one half of one per centum
for thirty days, and to receive the interest in
advance. 1t provides that each bauk shall 50
regulate its loans and discounts that they shall
not exceed twice the amount Of the capital nc.
tually paid in. 1t provides that any licensed
banker or broker and any corporation author
SEED by law to make loans or purchase or dis
count bonds, bills, notes or other paper, may
loan money or discount bills of exchange. prom
issory notes or other negotiable paper at rate
of interest not exceeding onc-half of one per
centum for thirty days, and receive such inter
est 10 advance 1t repeats the 5th 9th. 1th.
Sth. 9th and 10th sections Of chapter fl of the
code of 1860, and the lst, ID and 18th sections
Of the act Of March 1870, entitled an act 10 re-
lation to the interest On money.
FAUQU1ER COUNTY "a letter from Upper
vile, 10 the Richmond Enquirer, says:
This before the war, was the great grazing
county OF the State, bu: the losses consequent
upon the war have SO crippled many of our
people that they cannot buy stock 40 largely as
| before. However, many very fine cattle are
still fatted for the Georgetown, Baltimore, and
New York markets, and with the exception Of
the year II, the profits have been more than
handsome. Men have grown rich since the
war by furnishing the cattle and having then
erazed for half the profits making sometimes
25 per cent in less than six months One of
my neighbors realizes profit each year Of