Wilmington journal., 1875-02-12
SEEATE
EOk 4-NIN III Day.

FEBRCAHy. s, 1878.
2 "At the request IF Nr. Mor-haat the,
Sc nate alto we'd ifin TO have inserted III
-Satus,lay'S minutes the following
an,:udmeut which ne Offered 10 tie.
GSIcY H:ll Ou its third rea,.tIig, bnt
4 which Amendment The Chair L..d ruled
g; rut of order .becdus, the previous
qg seioa naI been order
! . i,t4sI ii,ls ACT OF any part thereof
: shall be construed by tue Supreme
2 h6uH+t cf. this S.ate or the Supreme
/ UuIIrt OF. the Urtited States or tile Cir
! enit crutt, of bile United Safes for
Noftu Ca.ouna not to affect its
: Na.ionai Banks. this act shall cease
! ard be OF 10 effect
ASr.- Freneh asked, in justice to him
,. self, that tie following amendment,
6tf'red ny himself, read at the Clerk
deEk, and ruled ont because OF the
Hprefious Question having been order
! ID, he, 50 read upon the minutes OF
Saturday: 81
Ihat this. sta ute shall not apply TO
Ftiny cftiZ=n OF bauk or corporation OF
! any descrnl nl'tion il the State. except in
stite. same extent that it shall apply TO
the Nan6n Banks in this State
he Senate refused to aIlow the re-
quest 10y a vote Of II to 20.
'1te Chair stated that be was clearly
,nf the opinion that no motion not
acted upon should go upon the mln-
Htes, aud he should SO lule lii the
I fu+Ire' ''
s5cr1t time was occupied bya number
of 3eTlaFors III changing and recording
their votes on the passage Of the bill
on its third reading Oh Saturday,
which ard not change tLo result OF the
vote 't
Mr.: Busbee read the following pro-
test to -the Passage of the Usury blll on
Saturday
99Ih5 undersigned protest against the
passage Of Senate bill 13, entitled eau
.,ct TO reShiate the rate of interest and
to~pertnit Uapry, without the incor-
'poration ofa provision that the for
feithrts and PENALTIES imposed by .he
acF ahntl not apply TO iLdiyi,ilais and
Sta cofP6rations loaIling mouey, uu-
less tis salAs Ass, apply to National
banks located in this State.
It'hkS BEEN decided bv enudrv in
dioE.t ii bshlals outside of North caro-
ing tlat the, provisions OF he act of
CjDgrcSs, cunlmonly known as the
'''NAtI6h;tf Bank Act" III regard to
usnrY cann0t ibe. constrained Jr over
iidpi ga b.E fay State statute This act
of CpESteSs likes the peBoity for a
usari0ps contract by, auy NATIONAL
Bark at 4 forf, ftuIe Of tie interest
ohiy. 1he provisions Of 5. B -, ii
sttese q at5ions .rightfulv interpreted.
the, law. .,VIl apply to loans made bv
individuals and State corporations,
'hnt not to loans made by National
d&aDdf5,9s II ;this" be So, then the iin-
pr"prlety and injustice of his bill Is
mt,4lfflIs p, si-7ia:i> al by, an Individual or
Htate cQrpoFa5lon. at a rate of interest
greater tiian 8 per cent. viii work =
forfeiture of double III" Interest ana
pfluaqsst; nnsia subject bhe offender L.
Eupls An THY fine AID lmprizoI Ime1t
\ similar iGaIi by National bank W1li
*ofk 3diy forfeitula of interest.
iehs t,aaeisfgttd regard such I, gisIa
tr'as sss th2ks. to- be directly IN the in
= tet4a ri ~ ai4Qna banks aod caicull-
ted 10 throw ali monetary tran*actIons
IN North Carolina into tHeir bands |
10 ehpfr bf1h1o1,, te gt,ard against such |
u posssih Gafest,f fthe bill shotltj have !
pSeu Rp4enletaas above indicated fOG |
otnerwis4 i, IS in deTuga;1aa of the /
r'ghtS Of every indly!dual aud corpor /
stla.s1. Of The = ate
- GtloF fnoltii Y III 'lt oSnato nave +
had, thsse facts called TO ther at en- t
flon; Pl:tIl!lx Qud Clearly. But nowIfh-
HantnfG,. in DIR tie gag OF the PIE
tiosis'qiiestIon and refusing to era1t
theGmhnerity AN op!ort,irity t. off,
~t.ch amend t4sents rs to. .sIid minority
- stsmnsd nts 5. AZ Sqiu utel necessary. they
Fave seen bit, to pass the, bill, with
tifehf res the res spo6si bility.
+; The undersigned 7Be1ieve that in its
press pit shape this bill1may prove dis
t. fhe. best Interests of the
people OF, this State, AID SO believing, !
t%spectfulfy enter tfijs their protest.
I -tr4ghed) 10 NJ 'Bnsbee, W A Ora
b. N. iIEeJ B. Stick1eys jenkins. r
F oWar, ,Ag. Re- Anderson, james Irwin,
L Il WaddeJl, Edwin W Kerr, " T Z
Bell. W Foster French.
Pending The discussion of the right
Of the Senators to enter protest of
Ihls ch ,s which 1T was ella med
was disgespecbful TO other Senators,
the chair ruled that the protest should
be- considered after action had beer
,aten upeTthe motion pending at the
sline. OF led jeurnment Saturday te re-
outsider, the vote. by which the hail
passed its third reading. .
y Mr.. Nc Milan, petition from citi-
ssnssf zAshe county, asking their rep
zuses their influence to
1ave a rConyentions called, to amend !.
ne present constitution, cagr, ass- 4aeg.
mn. cahtwsl1, D bill concerning the |