Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1891-04-02

voted the whole of its afternoon session
to-day to discussion which did not
eventuate in action, Two measures
were debated-the House bill to trans
fer Thomas d. Lynam's farm TO another
School district, and the Senate weekly
payment of wages bill. The question
at issue in regard to the former was
whether it should be considered as a
public or private bill; the main differ
ence being that public bills are printed
In full in the volumes of laws, while
the titles only Of private bills are
printed.
The Weekly Payments bill was, after
debate, laid on the table for future con-
sideration. It requires all employers of
six or more men to pay their wages
weekly in cash; that is, ready money,
not checks. Exception was made as to
workmen employed at distance, pro-
vided that such workmen shall be paid
within one day after their return. Sena-
tor Pilling objected to the bill. His
weekly payroll, he said, amounted to
hundreds Of dollars; he was distant
from bank and paid by checks; it
would not be safe for messenger to
travel from the bank to the factory with
that amount of money in his charge.
THE BOND INVESTMENT BILL.
Representative j. II. Jones, the
father Of the bill to protect the gullible
against the short term wildcat invest
ment" companies that promise to pay
800 in return for $50 or $40, had nearly
made up his mind to let the bill drop, so
far as he was concerned, because of lack
of support from others whom he thought
should be at least as much interested
therein as himself But powerful ally
now turns up in Insurance Commits
sioner Fooks, who is here tonight pre-
pared 10 give the bill lift. Although
Mr.. Fooks recommended, in his annual
report, some legislation with reference
to this class Of quasi-insurance organiza-
tons, he has hitherto taken no part in
forwarding the Jones bill, but he is now
talking of the feasibility of SO amend
ing that measure as to make it serve the
purpose of his recommendations. He ex-
hibited the following letter, recently re.
ceived by him from the Office Of City
Solicitor Warwick of Philadelphia
Will you please send me copy or two
of your report to the Legislature Of Dela-
ware? am particularly DESTROYS of hay
ing that portion which relates to the So
called charitable beneficial and fraternal
organizations. This matter is now before
che legislature of our state and | am inter.
ested In a bill which will bring such con
Germs under the jurisdiction of the state.
A reply will be appreciated very much
and any expense attending the same will
be forwarded.
[signedl THOMAS s. Stout,
Chief Clerk.
DOVER, DEL, March 90. "a When
the Ridgely bill for the taxation
of investments made its appearance
to-day, it was at once apparent that
some guiding hand had at last thrown
out plank 70 shipwrecked legislators
struggling to escape the political death
into which the Fulton bill was drawing
them. The authorship of the new bill
is attributed to James L. Wolcott, ESQ,
and the chances are that It will receive
the approval Of the House committee
and be reported as a substitute for the
FULTON bill. lids much less radical
and pernicious measure than the
natter. Like the Fulton bill, it
makes all kinds of investments, bonds,
mortgages, judgments, DEGREES, recog-
nizances, bank shares, railroad, tele-
graph, telephone, insurance, canal,
navigation, gas, electric light and other
securities, and all other evidences Of
indebtedness, subject to assessment for
taxation; but, unlike the Fulton BILL il
confines that taxation to county pur-
poses and does not contemplate assess
ment for municipal taxation. Unlike
the Fulton bill, also, it does not inquire
Into what man owes, but simply what
he owns 1t taxes the holder Of mort
gage or Judgment bond, but it does
not untax the farm that has been mort.
gagged or the debtor who has confessed
Judgment. Though not exempt from
inquisltorial features, it does not hold a
candle to the preposterous inquisition
'of the Fulton bill
CAPITAL GROWING TIMID.
Meanwhile debtors are already be.
ginning to feel something of the trouble
70 come. A well-known Wilmington
man said to the writer on Monday: II
have mortgage and have Just received
notice to pay it off, as the holder wishes
TO invest elsewhere, not deeming Della,
ware a good State to place his money
In, in view of prospective legislation.
Another well-known Wilmingtoniar
said to-day: 1.-TWO mortgages, one fol
100000 and both together representing
over 100000, representing trust fund!
Invested in this State by persons living
outside the State, have been called il
andsthe money is TO be renvested out
side the State. These mortgages hay,
been running at 5 per cent. The mort
cages have been given six months ex
tension, but the interest is to be RAISED
10 8 per cent" Furthermore, viii
mngton attorney said: 81 represent, OF
one estate, mortgages amounting to be
tween 100000 and 100000, on non
of which has the rate of interest ex
,ceeded b per cent ] propose to call il
the money within two weeks and LOAF
1t out at per cent"
DIR. BLACK ON FELLOWS
DIR. John j. Black of New Castle, wa
down here yesterday, as TIE GAzETT
has been informed, looking afte
the peach yellows bill He was ais
here to advocate the passage Of the BIZ
appropriating $500annuallyt to the Penir
sular Horticultural Society. DR.. Blac
spoke very earnestly against the PFC
posed amendment giving the grower tn
alternative of roofing out or "doctoring
his diseased trees. Such an amendmen
he urged, would utterly destroy tn
efficacy of the proposed legislation.
my idea" said DIR. Black, "is that W
can only get the upper hand Of this ti.
case by radical legislation. We war
every diseased tree pulled out and burne
as soon as possible | think til
operation Of such law would {
once add 800 per acre to the valu
of every orchard. If we pull on
and destroy all our diseased tree
We can then say to the world
We have no peach yellows in Della
wares we are all right now and the REL