Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-04-27

said "Giye me back that check, and
lie took back the check and wrote out
another, adding the tax to the interest.
Was that any benefit to him. Certainly
not And he continued to pay the tax,
and | think at the next session OF the
Legislature, or very soon thereafter, the
tax was repeated
Mr. Dasey.l am neltnel ptoPhe,
nor the son OF prophet, but' u we lall
to 20 anything Win thiS suDJect, ny
opinion is that the people VIII come 10
the next Legislature ana pass q Pm
unanimously wllh hut one clause III "
and that Will be to exempt real estate
| from taxation.
Mr. SALISBURY quoted rom we act Oh
1871 70 show that i permitted, IN ex-
| press terms, the debtor 10 contract wan
| the creditor to pay the iaN' MS DliL Is
| different; 1t provides penalty OF from \
| Sl0O TO Sl,ouo Tor 50 dong, except
where the interest and tax confined 90
not exceed per cent. II Is impossi-
bic to go above . per cent ne Chained;
while further safeguard IS iouha ~
section ~, which requires Ihe leiluef 70
make oath That he mas eXacieu on y.
| ceived nothing beyond INC legal ralc
before he can bring SUIT Tor the recovery
Of loan.
Mr.. Cooch--I would like to ask the
gentleman what he thinks the borrowers
who are paying ) per cent in this State
will have TO pay after this law goes in
operation?
/ Mr. Sou1sburv-.NIy opinion is that
the borrowers some Of them, will have
IN nay about 81 or 81 per cent. | think
that II some cases Tic lenders would
nav thc tax themselves.
M I,oonb--then the borrower would
nav the tay in vour opinionY
Mr Saulsbnrv-Ye but | don't
think the tay would exceed one. fourth
nf ner cent. and | think that YOU
wonld find a Great many cases whore
the security il GOOD and the interest
PROMPT fiat the lenders would pay the
iay themselves rather than run the risk
; If having K, call their loans in by exact.
inr No tay from the borrower.
Snrakrr Whitonan. who had started
This discussion and had not said a word
, since mi lad been onietly taking in all
that ,yas heing said hy thc other parties
| n the cnntr6versy now arose and
! wound M The debate in an able speech,
,vell delivered lie said
III Snaaler-There has been senti
ment eynrassed in this discussion which
/, cannnt IL, ,,ormitted II rnst without NJ
: last hoino d;snutel Nv friend from
| Smssnx c9nnty (Mr Daseyl in some
oilnsinn ID lie relations betwcen this
i. renresentatiyes from the respective
S counties in this General Assembly. used
!. Ionrn,ao which was ranabln of a, con
1 strrIction which / can scarcely believe
= ha intandal So far as am aware no
:. Renresantative mon thn floor of the
n IJonse Ma ayor snngbt the alliance of
!. mon from another connty merely for
n ~, ,,sa tIo,. cn,,Id ~ 10 bim Wp nrn
I AZ tbie ,nnnent asking n he senarated
!. Fr,rn, Il,or, ft,r NO reos5,n other than the
IS ,,,,artaIia crnsnoncnces of tLc nrono.
IS sitin,, ,,,,,y bstnre ti,is Touso
i Enr ,yhot reoeon ron thov urre that
,ra ", M. Costlo comntv sLs,; ho smI,,
e inot ~ tho same res,,Its tbnt will
n }ro brouaht inon them hv the enact.
% n,ont of ttis hiug Can If IL unon the
If ,i"i,'o;,l,, tSot n,isory loros comnorv >
e Enn + hn bacomse tHev serl; "a imnSsf
n n,,nr ne the ea,nn undesirable ransc.
e ei,onces that avrrrience hos proven tbi.
" LII $780, ,,,,fn tban,g NJ al. for
/. tbis sanaration ,,non 4 sound nrincinle
1t onJ n,in which I haIicre cannot be 70
,e fntod TINS bll contrmnlates thc rails.
/ in naaf = onr,ain fnnG v,hiah in ia law
e ar aJ i, ~ nnnrotions l. anr,iiad II 4
d tarritlr,. w,bieh il n distinct rntitv fron,
70 ~, ntho, n,,rtinn n the Statn W. arr
A ~ aaa1;rfr v.ith a rrncr,l sstotn Fi,nd
I'd l,,,,,oI,,a,,t7y ~ ofIer counties cot,mnt
n I,,Si f,,t,. IL ant,,;nr III, tLn f,tna
a ,"Liciy tbis hiIl ,rnnoscs Ia effont Eorl
IS 80 20 ~ ~ hi fund il concerned
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