The Hillsborough recorder., 1876-11-29
lillsbnlaugh Astaslsy
wEDNEsDAY.....Nov.29 20. 1876.
TIE LEGFSLA a 7lLR E.

North Carolina was fully organized on:N Mon
dsy, by the election Of the officers mention
ed in our last issue. The President Of the
Senate, James L. Robinson, isan old mem
b Der of the House. over which hepresided
with dignity and ability for two successive
sessions. Ills election to the Senate brought
hun forward through his past record at once
asa prominent candidate for the Prcsidcn-
cy rsv-tem Of that body. Ills most fOrsi-
dablo competitor was Maj John w. Gra-
ham q Orange, whose long experiences and
distinguished abilities gave lis claims great
strength. -. ..,.is7 q easgasd So !,
In the House, the Speaker. Mr.. Charles
Price Of Dasie rs a young man whose par
aiiamsntary experience was acquired BY one
term Of service in the Senate and a seat in
the Constitutional Convention. He is a
young man of thirty years of age. and has
already acquired reputation as a lawyer
and as an orator. He has entered upon bis
new duties with clear knowledge and ap-
probation Of them, aud with an enyiable
self possession which bids fair to make him
Lsainens as a speaker .asss''1 si' i, a2'sb
si'VTbs business 6f the first two days Of the
session was mainly consumed BY, the joint
session Of the two Houses. 10 count the
votes cast for the officers Of tue State voted
for in The late general election. 30. ..'.s -.'.
Itwas tedious process. aud is not Jet
concluded owing to the failure Of six COun-
ties 10 make returns. Time has been given
and measures taken to secure the returns
BY the day Fixed at the adjournment Of the
joint session. which is the 2sth INST. tga4
Both Houses have fallen at once into the
current Of reform. On "Wednesday reso-
luton passed the Senate reducing the per
diem o. members to III that Of Speaker 70
Sc, that OF Principal and Reading Clerks
10 S.. and all other Clerks and Door keep
ers elected BY the General AssembIyto "a.
This caused some discomfort and squirming.
but the resolution passed the House witt
ooly eleven votes in the negative and it n
nov laH. ag eaaH saH@' a9& aa4
There is . general disposition to repea
the laws regulating the rate Of interest and
to prevent usury. One or more bills. .bsys
been introduced into the Senate. and sese'
raj into the House. The general sentiment
here i that the laws have failed 70 secure
tie relief anticipated; and there is disPo
sitiOn 70 do justice to State institutions
uhica. under The decision of the Supreln'
Court Of the United States regarding th'
rights and privileges Of the National banks
stand Il great disadvantage. r
We always opposed the laws regulating
tie rate Of interest, not that We did not .
earnestly desire relief 70 the Peosls as muel
as the mos. ardent advocates Of the rnss
sure. because. first We have always deuie'
tas right Of Legislation to control the val.
Of money any more than that Of any othe
ocaimodi,y, and secondly, because. tber
being DO uniform law in the States reguIat
ing the rate Of interest. money would seel
investment in those States which paid sncI
interest As the lender considered 4 Prope
edafsslcut for the Use u bis money. Al,
1u a. proyed, aed tbe state has bad /,
bear thi, sddhioDsl drain upon is resour
ees. al iiDle when every sOurce Of prOspe
ri,y had been tsppea. aud IN exhaustion
feIt bs svrry isdisidusI and every interest
90. -, !. az. @a# st iAA8 u