The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1891-01-31
yERAL ASSEMBLY.
SENATE.

pey. j. l.. Ndsn, ~. ~, vi
4. L. Church.
I',.g~,aaI '.~ Of thursday was read and
petitions.
.. 70 incorporate the public
u, ~ n, vicinity OF Leaksville,
,,5am ,5uty eu
" ag. ~ passage of the bill TO amend
t v, IN .aid town; from citizens
~ !, establish q Normal and In
r,tains School for girls.
committees reported bills
xiii, Introduced.
,s5es to amend section 6S5 of
,o. o amend the charter Of
ga,S Western Railway c,Gi-
n,yi4 Of Haywood, to amend Sec
the Code
,Ihmy, 10 authorize tho city OF
.l r6 establish sewers; TO em-
5t Hanover county to issue
s-ec. au.w court house.
r.uo.ds, TO amend the charter
Iea Water supply Company.
calendar.
.,.ab.,h free ferries across the
..r and Baluswick rivers at Will
I'M "a sld ttEad realing.
4. 4, I, amend chapter % private laws
t. passed third reading.
81, Incorporate the town OF Ayden
.C'. ,aaaty, passed third reading.
IN ,a..5nt trustees for the Leaks
NAE Academy, passed its second
.giai readings.
nsla authorize the Board of Educa-
'5f H.sHo1d county 30 pay certain
g al,sl It's several readings.
a-t for Tie relief Of D. A. Mcdonald,
l,aa superior Court of Moore
.r,,y. Passed over.
e1'to amend Sec. 700 Of the Code
,..l rs several readings.
iog tha relief of the Clerk of The
r Court of Robson county
rths relief of d. a. McDon
cork Of the Superiour Court o
y.r e1uaty. This bill relieves saiC
..s from liability for records burnet
-i.l me court house of Moore county
n n2..ed It's several readings.
Ri! !or the relief OF Superior Cour
Clerk Of Pdmlico county. Bill allow
nal ,s.s 20 be absent for certain day
t5e week Mr. Lucas explained ths
he oaca paid very little, and that tn
Jerk Lad 10 do other work for livinf
-1,sisa case unlike all others that hav
f9 before the Senate. Tie bill passe
e, sy,yll ,gGdings. -
ga.to repeal Chap. 234, laws OF 1885
81 "a third reading. Bill relates
certain water courses as lawful fences
Northampton county.
B.a 10 amend chapter 15O, laws
1883 alI repeal chapter 430, laws
l,s0 Bill passed third reading.
Bl to amead chapter 253, laws
,ssJ Strike out superior Court"
sid chapter aud insert Justice Of Il
peca.' Tabled.
bin TO authorize a uniform system
agglIjag county scrip. Bill proyid
t1a, the word paid" shall be C
Trough every piece of county scri
Tabled.
Bin to incorporate tho Wachoy
Ian aud Trust Company. The hol
iJr the special order having arrive
tae bgl. went over.
Special Order.
Nr. Williams six per cent. bill W
t5a special order for this hour and W
taken up.
Mr. BolIamy felt it his duty to oppc
tht passage OF the bill. Our State is
ginning to attract persons from all o,
The world. Our agriculture, mining q
every Industry are moving forward, a
ins bill, in his opinion, would do mt
y check this progress than any otl
e5sation that might be done.
Il the law could he uniformly enfo
q he would be the last man to opp
I. He said it is a fact that in tn,
'.ates where interest is highest by Law
i lowest in fact.
Interest is lower in England and @
att than anywhere else in the would {
they have no limit to the rate. !
prevailing rate iu these countries Is
per cent. We certainly cannot go q
where for better example than to E
and
Alabama, Georgia, Florida and So
Carolina are instances that should eli
OUT attention.
The great reason that these states
making such wonderful material prog
= because they do not restrict interes
siow rate. Money goes across our 8
Inc into South Carolina because
worth 10 per cent there. The Built
Associations Of the State have done u
10 Increase the happiness and P
PeFl'y Of our people than
naps anything else. The wage e
sF' can deposit their small earn
y these institutions and in few y
IIley' by loaling at 8 per cent, accu
a.e good sum to their credit.
D!i Will drive them out of the State
advocated Farmers Loan Associal
Vl tne same plan. The banks ca
lsAl money on real estate, and are
real value to the farmer so far
@lling money is concerned.
lie quoted from authority the rat
interest charged ia the several Stat
We ought not to do anything
might have tendency TO bring ao'
disaster.
MI. Aycock offered substitute
eaeet Of which was to extend the
F" November 10th, 1892.
Mr.. Aycock said that if he locke
u'a own interest or TO the interest I
ItTtIpIfl0r crio.,l Il, aio,lI ~pta a n