The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-03-09

House bill TO pr0F1Qe loI Iho p~'
INTEREST ON THE PUBLIC DEBT
come IT'D rs unfinished business, ana, on mo-
lion of MIR. HARRISON, was passeo ny.
| IN motion of Mr.. GRAVES tho House tooS
uousp BNGRossgD BILLS.
rYo,,so hill, continuing the Special Court Of
.nnoals was reiected-ayes, SO; noes, 43.
H. DooIRY said be was satisfied that the
hill had enough friends to pass it, and there
nnra moved a reconsideration Of the vote by
Which it was rejected. Agreed to-yeas,
81: nays, 41-and the bill was passed by.
House bill to amend the Code in reference
| 70 the jurisdiction Of circuit courts was, on
motion of Mr. ALLEN, postponed until March
17th.
The House agreed to the amendments of
the Senate to House bill repeating so much
of the act in force December 2S, 1871, to
provide for the protection of fish in the wa
tiers of New river and its tributaries, as APP
plies to that portion of New river above
Grayson Springs, in Carroll county.
The House agreed to the first, second, and
third amendments Of the Senate to House
bill to amend sections and and to repeal
section { of the charter Of the New York
and Norfolk Railroad Company, and disa-
greed to the fourth amendment OF the Sc
nate.
House bill for the relief of William Al.
Hume, deceased, late sheriff of FauQuier,
and his sureties-ayes, IS; noes, 2.
House bill to amend aud reenact section
Ii of chapter 1913 of the Code OF 1873, in
relation to the power OF circuit and corpo-
ration courts over guardians and wards.
House bill to amend the 1st, Sd, and 18th
sections of the charter Of the town or Ash
land. +N
House bill to authorize the vestry of Grace
Protestant Episcopal church, Lexington, TO
borrow money. ...
House bill incorporating Pamplin city.
House bill requiring the conniy Judges OF
Albemarle and Surry to submit the question
of continuing or repeating the fence-iaw to
the voters of townships in their respective
counties upon certain conditions.
| House bill to prevent the ss!o or intoN-
eating liquors to minors.
| House bill to amend and reGnaCt The 23d
section of chapter 1913 of tie Code OF 1913, IL
reference to special juries. .s...
House bill to amend the laW in reference
to proceedings on a caveat.
| House bill to pay Henry A. Wise 81, 32S:l4,
| for his services IS commissioner, and for bis
expenses as the commissioner to adjust the
boundary line between Virginia and Mary
land-yeas, II; nays, Is.
Senate bill to incorporate the town OF
Boydtop, in the county Of Mecklenburg.
of Norfolk.
House bill in relation to
INTEREST OK HONEY
came up as the special order, and was passed
by the following vote:
A1Es-Messrs Alexander, Allen, Armentrout
Armstrong, Bickings, Bohannon, Brown, Campbell
f hapa re Flood Erankln, FulEcFson, Gibson
tPJr Gibson (r. ST. Graves, Grayson' Hale: Ea I1
s dan. i Koioer, Lacy D. VI, Lacy ~ ~ Lewis
Lpps Lonsley Loys koypg Ly5rSSk h psSse.
Tam an h Pophsm, Powe Richmond Riddebarser
Rogers iSn seIiers shumate, STROLLER Swami, ITALIA
ferro. Turner, Wallace, Webb, Wharton, wager,
NOES SMessrs. Anderson, Blair, Boykln, Brady,
Branch, Clark (M Davis, Dooley, Foster Gillian,
H9skni o.s SGpss
L. Nickens, Meal, Guild, Rains, scruggs, syphax,
Taylor, aud Whittaker.-29.
The text of the bill is as follows:
/. Be ii enacted by the Genera! assembly,
| That sections f. 8, 6. I, and s of chapter 137
of the Code of 1873, and section OF chapter
50 of the same be amended and reenacted 80
as to read as follows:
4. Legal interest shall continue TO be at
the rate of six dollars upon one hundred
| dollars for a year, and proportlonably for @
greater or less sum, or for longer or shorter
| time; and no person upon any contract shall
take for the loan or forbearance of money or
other thing above the value of such rate.
5. ALI contracts and assurances made,
directly or Indirectly, for the loan or for
bearance of money or other thing at q greater
rate of interest than is allowed. by the pre-
ceding section shall be deemed to be Tor an
illegal consideration as 10 the excess beyond
the principal amount so loaned or foroorne'
| 6. Any bank authorized to carry on ousi,
ness as a bank Of circulation, deposit, and
| discount may loan money for perloo noI
| exceeding six months, and discount any Dill
of exchange, promissory note, or olner ne
gotiable note for the payment Of money which
will be payable within SIX months from the
time of discounting the same. Such bank
| NAV take interest on its loans or discounts at
the rate of one-balf of one per centum for
thirty days, and the interest may be received
in advance.
Z. Any licensed broker or banker, and any
corporation authorized by law to make loans
| or to purchase or discount bonds, bills, notes,
or other paper, may loan money or discount
bonds, bills, notes, or other paper, may loan
money or discount any bill of exchange,
promissory note, or other negotiable paper,
| at rate of interest not exceeding one.halt
i of one per centum for thirty days, and may
receive such interest in advance,
1 8. Any defendant may plead in general
terms that the contract, or assurance on
which the action Is brought, was for the
payment of interest at greater rate than is
allowed by law, to which plea the plaintiff
shall reply generally, but may give in evil
/ dence, upon the issue made up thereon, any
matter which could DE given In evidence un.
/ der special replication. Under the plea
\ aforesaid the defendant may give in evidence
any fact showing, or tending to show, that
4 the contract or assurance, or other writing
upon which the action was brought, was for
an usurious considerations; and when no
such plea is made, If the contract or assu-
rance be in writing. and usurious interest be
/ provided for therein, Judgment shall be rem
dered for the principal sum only.
i 6. The money received on deposit, and
4 other funds of the institution, society, or
bank, may be invested In or loaned on any
stocks or real security, or be used IN pur-
4 chasing or discounting bonds, bills, notes,
Il or other paper, subject. to the following re.
! striclions: That no surety for money OF
4 other valuable thing, which may have be-
4 come payable, other than certificates Of this
State or OF the United States, or of corpora,
4 lions, shall be purchased for less than the
4 full value thereof, with all the interest due
/ thereon, and no debt or claim to become due
i,otter than such certificates, shall be pur.