Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-15
SIX PER CENT BILL.
TEXT OF THE ACT TO RESTORE
THE LEGAL RATE OF INTEREST.
New Hoard Of Directors for Two
state Institutions - Dimensions
Amoux the Fusionists-NO ApprO-
priation for an Atlanta Exhibit.

RALEIGH, N. c., February H.-tSpe'
cial)-The following is the text OF the
6-per-cent.- interest bill. which has caused
so great row among the Fusionists'
Marion Butler made a cast-iron DEMAND
for It's immediate passage:
The General Assembly OF North caro-
lima do enact: Section I. The legal ratio
OF interest shall be per centum per
annum for such time as interest may ac'
crue. and no more; and that the taxing
receiving, reserving. or charging great
er rate Of interest, either before or AFTER
the interest may accure. when knowing
" done shall be forfeiture OF the entire
interest which the note or other evidence
Of debt carries with 1t. or which has peeh
agreed to be paid thereon. And In case
a greater rate of interest has been paid.
the person or his legal representative
or corporation. by whom II has been paiG.
may recover back twice the amount Oh
interest paid In an action In the nature OF
an action for debt: Provided such ACTON
shall be commenced within two years ar
ter the payment In full OF such indepted-
ness. Provided. further. that In any ac'
ton brought In any court or competent
Jurisdiction to recover upon any such
note or other evidence of debt 1t shall
be lawful for the party against whom
the action Is brought 10 plead as couii,
ter claim the penalty above PROVIDED
for-to wit. twice the amount Of interest
paid AZ aforesaid and also the forfeiture
OF the entire interest. And no costs SHAH
be recovered by any party. whether
plaintiff or defendant, who may endeavor
10 recover upon any usurious contract.
Section g That this act shall not apply
to contracts executed heretofore.
Section 8. That all laws and clauses OF
laws in violation OF this act are hereby
repealed.
SIGNS OF QUARRELS.
There are the first signs OF quarrels
over the offices brewing between the Po-
pulists and Republicans.
A bill is before the Legislature TO pro-
hibit ticket-scalping. Railway influences
are behind the bill.
The semi-annual horse-sale was held
here to-day. over 40 horses were sold,
all North Carolina bred.
W. +. Debriam. of this city, is elected
secretary and treasurer of the North
Carolina Industrial Association. vice
T.. Hamlin resigned.
There is now hardly any prospect of
any appropriation to make this States
exhibit at Atlanta. Private effort Will
be necessary.
BENUMBED FISH
Thousands of benumbed fish are being
taken out Of rivers In Onslow county. A
A-year-old boy caught 400 IN an hour ana
sold them for s24. and a man in three
hours caught 1900 and sold them for
$40. Business there is suspended. and all
the people are catching the half-frozen
fish. which float on the water. Even the
saw-mills have shut down.
The investigation OF the alleged School
Book Trust ended yesterday. Feeling ran
high. Saturday the committee will report.
CHANGE THE BOARD.
The Fusionists have introduced bills 10
entirely change the boards of directors
Of the DeafMute School at Morgantown
and the Institution For the Blind here
These bills name the directors as fol-
lows: For the Deaf-Mute School-E. :.
Walton. ]. T. Privitt. W. +. White, II.
$. Harkins, j. c. Brown, G. ii.
Smeathers. S. NJ. Asbury. J. l.. Rorison.
and 8. NJ. Roderick. The new directors
named for the Blind Institution-W. $.
Barnes. ID. II. Young, p. F. Montague.
J. +. Bryan. John Nichols. y. +. Roberts.
L. II. Adams. j. NJ. Templeton. J. n.
Young. w. 3. Upchurch. g. W. Blackwell.