, 1879-01-11
mrnt Of III per cent pr nnn',1n for use os
money loaned. and IN ISL this plnyiaton waa

rncnt Of III per cent pr nnnum for use 81
money loaned. and in ISL this p'rslaton waa
cxtenr1 to nil contracts. ........,
IN commercial centres and tn ult'er roMHlunl-
ties, WHERE 'hr hone e';pplr ot CAPITAL u FULLY
Np 10 ali the wants Of isat.r. H. tIliy untFer ~
aE{D,r ile rats 1T interest !h he !tSeti ny the III"
nf tlcnnl and snpnty. wlhsi, tt'a:;rs prices lar
all stal1c ton,tnull.t"s. In n:wcs States, wl'ere
accumulated capital Il not sufficient - niect al
tn denlanl for IT, usr, ntl resort IL t'3 to out.
side snl,rees nf supply aud IN all purely a1rlc't-
maximum, rate sf,u,ilt l,e h1rs1 by statlrtc.
il. Cnirn1p, n,ttttn IT. f4ona (which fs money
mart for tvtnr portions .f 1llfnots the ordinary
commercial rate llas, for to:'lt time, hcen
ri,nH wien the bulk 81 transactions have i'rcn a.
ktlll lover figures. There Is rerihanehs I0w-
erin. at the rats 1T Interest. rreHtInE from the
increasing. amount Of tcc,n,llatcl capital seek
luG cn,plt. it,rnt It, thsa ctlcs. Tha II equally
r,e al1 over Le country, anil mar pc IEl'is't ac
hs MI examination Of the ani,'vial tcDoras ~
New Ynrk anl other Eastern titics. but tN''s Of
oil by the fact that the United Statcs acvern-
mrnt has lrcn nhtc to reduce the Faso nj inter-
est OF its tt,as from Il per cent pcr annnHt TOD
per renl per ;inHnslt. III sicw u thcsn fac!s,
lcIfcrr Tic time In. come when, IN this SLstc.
VII touli reduce the maximum rate nf INTEREST
to Icr cent per nH',,im. arfl rcxons1nGnd tAat
The Legislature amend Chhptcr II "f tho Rt-
vtsed Statutes to that elect.
sECRHrAHr Of STATE.
place before yntl, herewith, tho biennial re-
mid faithful reeisas you arc referred for inlor!na-
lion upon .nnny is:,postnut topics, which arc
wur,l.s ot your careiuf Consideration. rcspcct-
fully Gull Yslt1r attention Ia tic rceord Ut nrO.
ccc,ltes ,1at, ,,n!cr thr act OF May Il, 1871. 10
SECURE 10 The :stnte additional Capitol grounds.
Tic Commissioners appointed Under That law
awarded M aggregate OF compensation and
damages for the grounds selected Of s,lt, ,100,
nnl .ils Attorncy-fcncEa has instituted suit iur
tic sumo, with Gusts. against tho ohlfgorE pr the
5,s rssD By % f5ts fsss s f e ss%s Of
anec TO tut State of tho land fn question.
cgrcc with The Secretary az state In his rc-
1!icst It'r IN additional appropriation for the In.
,'Auntal expenses Of this General Asse1utfy, and
ior tue caru nt tho s.atc-1Ionsc End grnunls,
| and for au additional approximation to pay tito
contractors for State binding.
''Thc H:ate Historical Stctctv and Natural
1l!etory Muscum," established by net Ut tho
| Thirtteth General Assembly, has mn.1c O very
satisfactory BEGINNING, and caiIa for further aid
at your hnnfe, which 1t cmircntly deserves.
| ATTORNEY
The duties Of tho Atforuey-ticneral's Office
| have become ycrS numerous anil lnportan
| within the Inst few years. The bicnn.al report
ot tue Attorney General thows the number and
lad I M intercst.-a very large nu.nbrr
OF the cascs involytn. largu sims of
money for past-duc taxcs from corporations. II
il tourec Vi satisfaction to know that nearly
all Of tacec cases have been disposed Of In favor
of the validity uf thu tax assessments. and tue
~ ask yiir Intention to t!lc suggestions OF inc
\ Attornry-t'cheiai IN retatloh 70 tte ueleGth 1u
Tic faw coTcrn1ng the prosecution OF ta1 lnlunc-
t'o, easrs. -. ..
IN" rase O. Th% Fcopc ox r.. the Attorney.
Icnefal ss. ne al1l'nn1s A0sltu1turai to'lcEe ~
lrvIneton was hppcaied tn Tie Supreme Court
Fhlrticsll General Assembly, and thu decision
| ot the chnst he!o" EcVeEscA anu ecne paekt
md decree has been rendered IN the court
below IN conformity ~ rue opinion
| F,f
ines md real estate' FeptcscntinE procccda
a seminary lands. whtsl 'nd preylousls II btca
tonvcfr1 to the college ~ trust, nave bech ~
Conyeysd to the sute, H'lo'eet % certaln llene.
II Will 10 necessary !of rue I-cQlslaturn ~ maRe
an appropriation hutsht 10 pay OH tflcse Iictlf,
ur surll OF them as lnny bc t1''a'Y esfahissleil,
tn order to protect tho interests of Tic state
Your attention In snoc'aiy called to this snatter,
charged, aha soue pTnfls!on naue !of Inc dls
poaiton Of the land II accord with The oFtU'na
puEposG toF Which Inc satnn ~a9 granted.
The Atturney-ttc1Iernl ha", during the last
two 5c:rt, prepared nnd delivered TO the otilcrt'
md persons calling for them 1argo nunher q
opinions. which ate valuable Euidts 10 thc 90
itliliAtratton " paplle a1!oiss. Eccotnniehf
that you provide for tho publication and stfao1,
tiou, in huok fort't, nt tho opinions or tho at
tomcy. cy.ucncrnl, and That sou request him Il
telcct Tor punilcatinns from thc hlta OF hls o.
lsrc' thoso Oh pubic chafictce aho 1nst'he IN
tefcst.
EpuoArloN.
Thc report OF tho Superintendent OF TnblIs
INSTRUCTION IL we'll worthy OF your considesa
tlo. 1t col'.ains n'uch valnable information oi
tho subject Of education, and sllgEcsts mani
! changes Of the present law, to which tuyit
your attention.
f1lu condition mud atEa!rs Of the two Nof!na
tllcr Trustees al'd Officers, lrotn which YOU ca,
learn what LEGISLATION Ii necessary fur their bun
Cit. These aostitnttona arc doin. very usofu
work Us necessary adjunct Vi our con'.aon