The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1891-01-20
..rygBAL ASSEMBLY,.
>rNATE.

II called to order at II
SENATOR Turner of Ire
rar Holt being absent,
| IN praycr by Rev. DR..
| saturday was read and
aadiug committees re-
aadapou.
.ras was granted Mr., At
atots.cGuess in his fam
R,II. mtroduced.
repeal the old and
rrto the town OF Ruf-
,am county.
r Haywood. to repeal
fa laws of 1855, relating
uuas uuds. This biil
LAID dowuiu ,ay Coae,
abll TO fund and con
5so o. the city Of Whining
s,ula when oifenses shall
Aaen committed on the
the State, or waeI
In tac 5 ate.
v.q tal TO incorporate th'
turnpike Company; one t'
t,a t1au Of LlnNille.
ry 10 incorporate the VII
.thuu Railway Company
bin to define fees OF off
mn. where claim and deliver.
il bin TO establish an IN
I for the coioted.
r.~ ab.lto incorporate Alum
.yraIcllaug Company; and Cd
tg code.
Lean, 10 amend section 700 {
I'D. st.ug to the pay of count
aud asked that it /
,bsgIeudar.
g. a bin to correct certai
......fu making jury lists.
.sg. 10 amend section % OF tt
@ te giving justices of II
oa.l and final jurisdictic
yEca
second aud Third Reading
ad the charter OF Crt
The bill provides for
ha college to Durham,
to mold properly
ai $1,000, 900
aIaue IN force the chai
Valley Mining Company
..la.y. Bill extends CHAR
a.rlu.st of Mr.. Williams, Sc
amending Sec. 1866, Chap.
..le was taken from the co
aad placed upon the Calend
mau moved to recommit. /
ma.s the existing law allowi
Iyciug Of more than 6 per ce
Williams took the floor a
IN urged the passage OF his b
ud. in substance, be had been wo
Al this tniug for twelve years. !
olAe demanded, and have for years
adei, that the law allowing s
.t interest should be repealed. WI
Introduced It the first time,
5 it received only four votes. Si
time he had not failed to pr
matter whenever he had an OPP
ly Hi. people are unanimous
bill. tie said that usury, high
et bad been the beginning OF
8aiall Of every nation Of antiqu
t may say what you please about
peck Of empires, aud the cri
f shock humanity, but on autho
ay that the power of money is resi-
Die Tor i all Judge Story tells
-h Tie c0louists who came to Anne
mst with them from the mot
-l,ry the rates Of interest charged
AfoId homes Some of these
sn'es We're so oppressive tina
a'o the establishment of warehoJ
1a' % what is now asked by
fa.rs' Alliance, and made the ra
t'tsi SIX and one. fifth per cent. K
%1p 70 1868 the rate of interes
'Ntie was never more than 3
The memorable carpet-bag /
.s 6i 'tS made our present law.
~ propose to say anything II
N mggers as he was oppose
,ts adtal mule.
N3s uljcr the present law the
/" cave the privilege Of oppressin
i,S poor Who need money,
.,''y knows no lau) while the ,r
'l'en Of The S.aee those who ut
.'9aII others are not allowed 10y
4'''o have but 8 per cent. 1t is a
.'St aud an outrage, and he v
.s''F contend for the poor and
81 asanS. ruthless, soullesS greed
~ iNmeIs IN 1889 received on
.''SeI capital only 3 per cent,
manufactures all over the CO
'.'lse 30 per cent. now on
.1e .aImerp pay Sper cent. for Il
sl'th ne cannot make over 3 or
Come day it will will drive a
~. out Of the State" Where
Nearly all the States collect
'."et Than we do. Virginia CT
4. IS. Vyn'' and who will say that s.
y y much money as we.
NJ J,N lorE charges only 6 per
~. Sue commands all the I
~. wants, The truth is that 10,
,u.,' wv mas always brought mo
!, 'V' from the fact that money
M =" rate is safer than loan,
= ltle Just let some pros
81, VIer bonds on the market al
r., ~ aad FER cent ard see how
ge goboled up.
l. 1,sa t Interest is crushing and r
.n.r Z { Ip.e, aud it is only a ques
I, 1aen a few men will own thi
~ Il Is almo.t 90 49, XuLo