The Caucasian. (Clinton, N.C.) 188?-1913, 1897-02-11


Sma,hsrs advocated reference. Mr..
Clark advocated the bill Light
was wanted on railroad charges.
Mr.. Atwaier wanted the inquiry at
once. II railroad officials are get
ting TOO high salaries, We ought To
know It. Mr Sma,hers said it would
be diff cult to obtain the infor n alton,
but said that the State has the right
To secure this information. NJ.
Butler said the resolution demanded
that the informasion bs returned
February 10Th. A reference would
destroy the effect of the resolution.
Mr.. Grant wanted a reference. The
Senate with the same consistency
could ask the scales of wages of all
manufacturing establishments in the
Safe. 1t is a nosing, smelling com
mittee that will not rebound to
credit Of the State. "If it is insisted
upon passing this resolution" said
Mr.. Grant, 81 will offer an amend
ment to extend the inquiry to all
manufacturing establishment" Mr.
Batler said private manufacturers
are not creatures Of the S.ats; the
railroads are.
Mr.. Anderson wanted reference.
It is very good or a very bad meas
ure. There should be a line to the
point where the legislature should
interfere with the rights of property.
There was q controversy between
Mr.. Anderson and Mr.. Mitchell, in
which Mr.. Anderson said such legis-
lation had ruined Kansas. Referred
to committee on corporations by
vote of % to l8.
Bill TO prevent discrimination in
payment of debts in different kinds
of legal tender money.
Mr.. Ray opposed the bill. He
said that man who loans money
ought to have the right to demand
the repay ment of the same kind of
money that loaned. Every man
ought to make his contracts like he
pleased. He told of an old farmer
IN Macon county who had saved
$500 in gold, and wanted to lend
provided he could make a gold con
tract. His name was Raby.
Mr.. Butler said there are two bills
of the same nature. He said the
case like Mr.. Ray named were ex.
ceptional, while borrowers who go1
paper or silver, were required te
sign an obligation to pay gold. He
showed that gold had enhanced ir
value. while you could buy as much
of the products of the farm nov
with silver dollar as heretofore.
Mr.. Moye said the bankers coulc
bankrupt the State if they should re
quire all notes payable in gold. W.
want to put ourselves on record a.
being in favor of silver sure enough
Mr.. Ray said that Western Nortl
Carolina showed we were on tn
high road to progress up to tw'
years ago. The 6 per cent. interes
law hurt progress-it was a stron,
hand on the throat of the people
That legislation ought to stand as
monument of infancy to all who be
lieve in such legislation. Let ever
man be his own guardian. The
per cent. does not help the Easter
farmer, but has thrown the devel
opment of the West back twent
years. Banks employ lawyers t
lend money from 6 to 25 per cent
while the farmer and others VIII
have to abide by the law have t
take 6 per cent. This is the na'
ural successor Of the 6 per nj
law. 1t is similar to this measure
In his section the man who oppose
the 6 per cent law would get SO pc
cent. Of the vote of the people.
Mr.. Ahell claimed the honor {
introducing in the Senate the pc
cent. interest bill Two years az
my maj jority was 367. My attitud
on 6 per cent. double my ma orit,
There was quite a spirited debat
! between him and Mr.. Ray. M
Abell was here to speak for tt
money borrowers, and not for tt
,, Shylocks; who lend money at fro
, 16 to 25 er cent. A New York fir
!. has lawyer to charge big fees f,
= loaning money, which runs up II
interest.
~ can get more money now offe
ed at per cent. than l could und
8 per cent. l have alone saved o,
. people $4,000 IN two years. Wht
Mr.. Ray can show me one farm
i who has gold to lend, I will sho
him ninety-nine who have not.
Mr.. Person sent up an amendme
that provided for killing the bi
He said he intended to make
); speech, "but the Senator from M
con has SO ably defended the pri
l. ciples of the Republican party th
n I need not say anything" !
v moved to table amendment.
Mr.. Abel said: "This will car
the bill" Motion to table failed
J. vote of % to 16. Amendment lo
l. Mr.: Ashburn off cred an amen
ment that it apply only to Pitt a
7s Sampson.
q Mr.. Ray offered an amendment
,f exclude the Ninth district.
IN made ringing speech, full of f
1T and humor.
il Mr.. Abel said the people did We
rs a guardian, but the people Of
G. East elected the Senate to prot
t. them.
II. Mr.. Justice said from the disc
1t cussion, he saw that there was so
le doubt in his mind about whetl
r prohibition of gold contracts wo'
st stand, though he would vote for it
e. There may be a good deal of b.
an combe about the whole thing. l
Id not so sure that if this bill passes
Sc man can't enforce a gold contrs
of He wanted his counties in
er Ninth district excepted from
As Rays amendment.
,al Mr.. Wakefield said that notwi
standing that he had been bran
ast as traitor and Hanna goldb
80 he was as true to the principles
he silver in 1892, when l refused
bv swallow Grover Cleveland.
.rk Il have been accused by pers
III in my section of the State of 60
ill back on my principles and yot
ire for Mckinley. l voted for the