The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1891-02-20

'AlChuitiHLto GXenD:lng certain COuntipa
o9 read and considered ia one merton
Mr.. turner said tEat he mad ex mined |
me constitution with great care. with |
me View Of tioding out the constitution /
alliy Of eXnmpiag cer;au counties and |
.t'her than fading tnat it was uncon. |
Sll!ulonal he discovered somewhat the
reyetSe.
DR. PdrHer mado an earnest appeal for
The senators TO vote for the anendsnenta |
AeihpIing certain counties as the Dao- |
pc OF me West had sCood by the peoole
OF tho East on the county governments
question.
Mr.. Ardrey, in opposition to the bill.
sald, owing 10 higher rate Of interest
IA Soutn Carolina, The money had baan
Transferred from North Carolina to Thar
State, and asked that Meckleubnro he
eXemp from the prov sions OF tie bill
SAID the measure could not roach
National Banks. Said it was better for
farmers to pay pr cent than it was tc
| pay ~ per Gems. vn time prices.
Mr.. Butler said he disllkoJ TO see tho
question Of county government brought
up IN the consideration Of this matter,
| that the West was not acting for the
West, that be believed it would be q
benefit to the whole people Of the State.
That he had examined the constitution
and that nc did not see anything III it,
one way or tho Other He hoped the
amendments would be voted down; that
If it was good for the State ali should
have 1t; If not, it should not be passed;
the bill should stand on its merits II
defeated or not it would be an issue in
.he next campaign.
Mr. BelIamy. advocating the amend
menrs, said after much Investigation ne
did not find anything contrary, but much
TO favor iU. Ho cited ma9y eminent al
thCrities in support OF his argument.
He WAS a,ked the question Why was it
that the law relating TO county govern :
ment could not exempt the WeSt, while
this question could? Mr. Bellamy's reply
was that the constitution was plain on the
question OF county government while the
question Of interest or usury was not
mentioned. but was left 10 the Legisla-
tors Of the State to settle. He said if
interest was reduced to per cent, with
a tax of per cent, which would reduce
interest TO per cent, this would
9 drive every dollar Of capital from VIII
1
9 this law against the material progress Of
I the State
z Mr.. Mclean offered a substitute
o amending section 1886 Of the Code 50 al
|. 10 read son all cash loans onlyn sail
q he offered it as compromise, having
7 per cent on cash loans and 6 per cent
J on all others.
q Mr. Allen spoke It tsomo length agains
e allowing exemption OF certain. counties
. Mr.. Green, OF Harnett, said he was Al
T Alliance man aud that low i1lere9
% would drive capital FROM the State, aut
lt he did not want to have it Ere
n coinage OF silver and the Sub Treasur.
e plan will have TO be laws before "
u would ever have cheap money. We too
s. copious notes on Senator Green's spacc
IL which we will print omorroW.-Ea
u Mr Aycock offered an amendmcu
u submitting the question TO vote Of th
IN people at The next general election, an
e. asked for the ayes and noes, but the
Is were not given.
1e Mr. Gilman in opposing the bill used
to strong argument against it concludin
by saying that he was opposed to it fir
a. last and all the time.
oy Mr.. Aycock moved to sus pend the rui'
C and put his amendment upon its pa
as sage.
ad Mr.. Griggsby offered an amendmer
he making the rate 10 per cent instead Of
or Mr.. Bellamy moved to lay AR. Grigg
u, by's motion upon the table.
th After some salutations from sever
10 Senators Mr.. Bellamy withdrew his u
he tion to table.
at Mr.. Williams, on b3half of the bill, ARC
ell and said be introduced this measure
ed the Senate four years ago, the ball "
~. put ia motion then and it has bee
% rolling since. The bill is rig
vas and just. You may stal
lis mere in the interest of tow
as and capitalist but the day will COZ
ter when the bill will become & law. So
our forefathers had had 6 per cent
led terest for 200 years. Do you dare s
en- that Castor and other great men
er North Carolina did not know what tn
nat were doing? He stated that 81 states
ed; this Union had per cent interest Ia
lch including New York, PennSylyan
lsi- Connecticut and Virginia.
ard The first amendment considered "
the that offered by Mr.. Avery eXemptl
ise, certain counties.
) of Upon motion Of Mr.. Williams
ays ayes and noes were called upon the P
i'm sage Of this amendment. The res
of being 20 in the affirmative and 20 in
'ose negative, President Holt cast
deciding vote in the affirmative.
Mr.. King then moved to indefiaat
Sen. postpone.
ton Upon this vote Mr.. Williams ag
the called for the ayes and noes, result
the ing ayes 16, noes %.
Mr.. Bellamy offered an am9ndmen
tion exempt New Hanover and Pender co
ents ties Upon this motion Mr. Tur
and moved to lay it upon the table. He $
act he knew that this would kill the bill,
not that as certain counties were exemp
500 he felt it was better not TO pass G.
bill pied bill
Mr. Williams again took the fioor,s
Will. ing money was creature of the UNI
the States government and not OF NJ
,ent Carolina. That be had aided the brot
the of Mr.. Bellamy and now be comes
ever and votes against his bill and that he
Said not represent the farmers Of bis DIST