The Ketchum keystone. (Ketchum, Idaho) 1881-1884, 1882-09-01
KETcHuM. IDAHO, SEPT. j. 1882.
NECESSARY LEGISLATION.

campaign I, IL well 70 consider whai
Il requisite and necessary IN the lins
Of legislation at the session 10 con
yene in December, and to choose as
our representatives in that legisla-
tive body men who are best fitted
By experience and ability to carry
TO Il successful! issuc such measures
AS are beneficial TO both this
county and the country at large.
There arc various necessities com.
mon to all residents Of tho Territory
and still Others that more partlep-
larly affect w as y mining oommu,
nifty and region
IT occurs to nv that our exceed
ingly absurd usury law should by
al means BIO revised, II Is redlcu.
lous, oppressive aud totally unneces-
sary; carrying the question to the
extreme Of protection, even TO the
extent Of criminal liability; max
Ing tho fairest and most reasonable
of contracts void, and subiecting the
contracting parties TO treble loss,
fine and Imprisonment What
earthly necessity Is there for any
usnry law anyhow Especially in
these regions Of speculative ven
lures, whore money is brought and
held at great risks and IT great OK.
pense, aud whore every one takes
and ia willing to take great chances,
1t appears that auch q Law Us we
now have only tends todriye capital
out Of the country and keep It out,
where it can find better and saier
Investments. for there is no denying
the faet that many Of our values are
rs yet rather fcticious and insurance
Il scarce and high, While in our
ncighSoring and older settled States
and Territories whore values are
fixed and insurance plentiful and
cheap, thore is no such thing rs u
lisury law, and no complaints what
ever Of grinding capital or money
monopoly or any such thing There
fore, let rs first OF oil have our fool
ish arbitrary usnry law wiped out
and a simple enactment Ia lieu there
Of 70 the effect that say 10 per cent
per annum shall be lawful interest
whore no other is provided; but
parties shall DO At liberty to con
tract for any amount, Just as iar
the sale or disposition Of any other
species OF personal property.
Another Of our laws that seems
to require some revising IL that on
Incorporating. Our present law on
this matter il IN effect u dead letter
Who ever hears Of an Incorporation
under the laws Of Idaho2 We are
right in The midst of hundreds and
yet every one is OF some other State
ar Territory, even whore property
Is owned by our avn residents
.ss-sszsss s-.s.ss's.sess sefse fss~ess.a
the progress oflegislation all around
as on this matter. Our present law
assumes To hold individual members
q interpretations personally liable
for indebtedness etc, etc, when all
any one desiring 10 incorporate has
g 90, % avoid such personal liabih
q Is to 90 10 Utah or Nevada d
further cast or wcst
Lei this matter have attention
and let rs henceiorth show to the
world lpAno interpretations is lnAno
instead Of New York, Pennsylvania
Minnesota and Utah Incorporation
operating in Idaho as 1T present,
Another matter needing particu
lar attention i a revision Of om
statutes at large, as at present statu.
L requires the greatest aud most
constant familiarity herewith 10 BE-
able 70 find the law on almost any
subject, without hnterminablc lcav
ing and research and tits constan,
source Of annoyance and complaint