The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1895-01-15


House bill SO, which was introduced
yesterday by st. John authori zing the
sale by druggists of liquors for medici-
nal, mechanical, cientihc and culinary
purposes was accompanied by a petit
tion of Oklahoma county druggists
and doctors to the number of nineteen.
st. John introduced house bill IS by
request, which exempts from taxation
all property Of the United States and
territory including school lands, the
property of county, city, village or
school districts when devoted TO public
use, public grounds used as such in
GLIDING burial lots except when held
for profit or speculation, also fire
engines. implements and build
ings, family portraits, fuel and food
not TO exceed provisions for one year 5
time, pensions until paid into hands of
! pensioner, active members OF fire COM
panies not exceeding 30 in number in
cities over $50 and 10 in less than 500
! It {, now in TIE hands of the commit
tee on ways nd means.
Representative Su.ton's house bill
No 80, which ha, been referred to the
committee or judiciary, is very con
servative measure and is practically
an adoption Of the Kansas statute on
the subject OF usurious interest 1t
provides, in effect, that person taxi
/ Ia, ra,aiyirrr rataipipo or ppntrapt-
ing for any higher rate of interest
than IL per cent per annum, shall for
felt all interest so taken, none Of the
principal being forfeited. When a
greater rate of interest than l2 per
cent has been paid, it may be recov-
cred by the person so paying, provided
that such action must be commenced
within ninety days after payment of
obligation and interest.
Representative Posten's bill, No. 49,,
which has been referred to committee
on judiciary, which relates to usurious
interest, differs IN many respects from
No. 81 on the same subject 1t pro-
vides in effect, that any person taking,
receiving, retaining or contracting
Tor any higher rate OF interest than 10
per cent per annum shall forfeit both
principal and interest, and when a
higher rate OF interest has been paid,
that excess may be recovered by suit
within one year after payment
1t also provides that con-
tract in writing to pay attor-
neys fees on any other sum, other than
ten per cent interest per annum shall
be considered usurious interest and
void II also provides that any one
violating the above shall be guilty of a
misdcmeanor; and provides further
that when it is proven that usurious
Interest has been taken, received, re-
tanned or controlled for the party set
ting this up as a defense or cause of
action may receive attorney tees for
the prosecution or defense. provided
that the amount 10 be recovered as
such shall not exceed 20 per cent when
amount does not exceed SIS, 10 per
cent over S25 and per cent on all
claims over slO0; il further
provides that commission charges eX-
ceeding the sum Of ten per cent per
annum shall be void aud recovered on
may be treated as SO much paid on
amount actually received by borrower.
Provided, further, that the party pay
ing or contracting 10 pay such com
mission shall not be prevented ia de-
Tending such claim against third party
who purchases the note before ma.
turity.
The lenbers have their statutes
and are happy
Charley Hunter Of the Enid Eagle
arrived yesterday aud legislation will
move along smoothly now.