The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1891-03-03
a6 DREDGING
,,eR EDIN THE OYSTER
B OF THE STATE.

p4,sf, llr. Mann's Biil as
.snia the House, though
.n.udnents are Honestly
aaa 'o'gd Down
SENATE.
.,n..ycuih pay, March ,.
a'.l ecs. Senator Turner pre-
set oy Rev. DR.. Carter, of
y beading of Journal dispensed
Petitions.
a. G1gggby, prohibiting sale of
" gaman's school house, in
uuuty; Mr.. Chesson, asking
Ha passed PROHIBITING fish
R.ypr; Mr.. McLarty. 10
r.. aia of liquor within two
rl churches.
uuoer of bills were reported
Ce5.
N,lIs Introduced.
q, f...., tl incorporate the Jones
Iv yrgmway; Mr. King 10
Per s3, laws Of 1878 10, rela-
North Caroliua Railroad Com
M. ~. 20 am nd the laws Cf
...ts Yr Mitchell to .r,
.s f.r .u, Dev LA i.e W
l.. NtcnsIl, 10 provide for j..
fu new Executive Mansou;
sie, relating 10 use Of dynamite
Broad River; Nj. D-y;s q
% ilc rporare the Farmers
Company; Mr.. Dellamy to
ssi0n 1867 Of The Code.
Passed ! bird Reading.
r,arraloit the stock law in Green.
l..f county; to annex portion of
couuty 10 Pamlico; TO incorpo-
Sotf ilk, Wilmington and Char
.n# ..ilway: to incorporate the town
M Vista. in Roanoke county; to
l.a. I5te the town Of Whitevllle, Col
I'm luty;O allow the commissioners
-. aa couaty to sue bonds Tor Ger.
4. a4troscs; 10 allow the city of Char
~, sue special bonds; ameDd the
l.t tho town OF Wilson n(eXtend cor
+ lEhs w IfG liiulC houluS Win IAuCs
Eaga ltiyer;'o amend the charter o
,..e aud Baltimore Road; to incor
West Asheyile; to iucorporat,
Is wa a Portia in Roanoke county
Discussing Usury.
B.I 10 amend Code, making it mis-
H. nlr 30 receive oyer legal interest
Nt. Ayegck thought it would be al
r fu.us.tge to pass the bill.
A uu ulment was offered 10y Nh
Bsap To tUtfyit tue principal.
s.. p5ker moved To lay the matte
6g stU.y
II g aany advocated The bill. II
uI ought usury law q necessity
ID. gat The amendment little &c
.H forfeiture Of the principal.
.., man from loauing none,
aUve money cut II the narke
aa amendment that the pc
u4g shall forfeit three tim,
t...e ot interest it suit is brougi
Ral . minutes.
N. Ftegm an thought that the amen
nee pt tie Senator from New Hanov
.soald pass. Mr.. Bishop thought th
atU.lcl, Of four times the amount of /
pe.t suoud be adopted, this W
adopted. Mr.. Green thought the who
mF,u bh legislation. He thought
g1gl work hardship and do no good.
Mr. Paine said tnat in his county tn
could borrow money at $ per can't.
Mr. Aycock lid not think that maki
the lrfeiC four times would have the q
sired feet. IL saw no forfeit IN
Tae man who loans the money mi
know his man before he loaned 1t.
answer TO Mr.. Butler he said that t
Superior court said that any doul
amount of interest could be obtaint
he saw 10 use of changing the law wh
i bad no effect.
Mr. Greene, Of Harnett, said the
iegt vas 10 protect the poor men OF
country. When nan sues Tor using
Jose, his chances TO borrow more mon
He favored the bill TO make 1t q mis-
Agausr. This would be new law.
kuew ug instances of a man paying
per oeat. Tue National Banks have
adj themselves to the rate of inter
III .he states in which they are locat
He aapsd all amendments will be vo
down.
Ur. Galloway hoped the matter wo
be lei alone. We have been doug
ID North Carolina. Let the whole n
ter 80 a. it is.
Alr Williams thought that such ira
action, should not be made mlsdeme
0rs, because we could not control
national banks
Mr.. Freeman said that there v
LAWYERS and others who get money
per cent. and charge farmers AZ
cent.
Mr. Williams did not believe the
atty of misdemeauor would hold g
The amendment of forfeiture or
times the amount Of interest was "
down.
The call for the ayes and noes on
passage of the bill (making the loal
OF money over the legal rate MI
na3lor) was sustained. The bill
ioss-ayes l3, noes 28.
Explaining Their Votes.
Mr.. Williams said that he was hea
IN favor Of the forfeiture OF four t
the interest, but that be did not be
that making it a misdemeanor W
cJutrOl The National banks as we
such law here once, passed at the
sion of 1874 '75. A case soon came
aud it was decided adversely to the
However, to be consistent, he W
have to vote for the bull, yet he die
greet the misdemeanor clause OF the
as he thought it would give the Nat
banks exclusive rights aud prlvi
MllM1l Anu - ntn not invGI by