Evening journal., 1897-04-02
A LOAN ASSOCIATION BILL.
1T IS TO ACCUMULATE FUNDS. Sc.
CURE SUBSCRIPTIONS, CONTRf-
BUTTONS AND MONEYS.

DONtlt April 1.--1 -1AtlItSNHldNlNt EiAd-
son gave notice of an act to incorporate
The Security Loan Association. Fran
els =. Gallagher. Harry 70. Brown. VIII
liam II. Wickersham, Henry ID. Walter
and George w. Baker are the incorpo-
rators. The bill announces that the
purposes Of the corporation shall be TO
accumulate a fund, secure sub5crip-
lions, contributions and payments of
moneys investments. fines, premiums
1n loans and interest on investments
for the benefit of it's members or stock
holders. The funds as they come in
hall be loaned by the di-
rectors to the stockholders at-
a rate not exceeding six per cent. per
lnnum. and such premium as shall be
determined by and fixed by the board
OF directors. In case no stockholders
1l'er to borrow such funds at the rate
Of interest and premium determined
upon and fixed by the directors then
the directors shall have power TO loan
,he same to any person or persons not
stockholders ot rate not exceeding
the legal interest.
FIGHT OVER THE INCREASE.
The House bin to increase The salary
of the deputy Encouragement from
$3.50 TO 1920 having been reported ia
vCrably from committee in the House
was called up for final passage by Rep
resentative Dempsey. Mr.. Donaldson
opposed the bill on the ground that it
was a bad time to increase salaries Mr..
HAZEL excepted to his remarks. and
thought that the state should not cx-
pect TO employ high-pricod and
5rainy lawyer fer such a small salary.
He also called attention TO the fact
ihat the deputy attorney general now
has to attend four sessions Of court in
year in Wilmington instead Of two.
and also that he is required to main
tain an office I'm that city and employ
a typewriter, which expense the state
would be compelled TO bear II It were
not borne by the deputy attorney-gen-
eral.
Mr. Short made a strong speech in
pposition TO the bill. He called atten-
tion to the low state of the finances In
the state treasury, saying that the
reasury, contains now only about 49,
600, and that IL will be necessary CO
make q single appropriation of about
byl 600, and he could not see where al
the money was to come from. IL,
thought the members had better b,
considering the matter Of increasing
the state revenues than depicting it
treasury.
Mr. Donaldson wanted the matte
laid over until to-day, sand Mr.. John
son objected. Mr.. Donaldson finall.
made the molten to lay the bill owe
for a day but the motion was lost b.
a vote Of II to s. Then Mr.. Donaidsoi
moved to adjourn, but that motion wa
also lost by a tie vote of 9 20 8.
A spirited debate followed, sevcra
members taking part in the discussion
and the House finally adjourned with
out taking action.
At the afternoon session Il was de
cided without much ceremony, to plac,
The bin Oh the calendar for noon TO-
day
TWO MEMBERS WERE SHY.
The Wilmington and Brandywin'
Springs Railway Company is now as
iured of a lease of life until January O
/ next year. Yesterday the House passed
The bill extending the time FOR the com
Dleticn of the road TO that time Mr.
Dempsey called it up and had it put OF
its passage lie explained its purpose
saying that unless the bin passed th
! charter would expire on the 9tn Of May
1t had asked for further privileges bu
The Senate had not seen dt to gran
them.
Representative Short said that he di
not fully understand the scope of IN
| bill. He thought that al. such bill
should be printed so that cyeryOn
could become acquainted with thei
provisions.
Chairman Smith. Of the Committe
on Private Corporations, made an Cy
PLANTATION similar Co that previOusl
made by Repre ntative Dempsey.
Representative Donaldson said tha
IN his opinion there should be NOR
light thrown on the bill, bu. the Hous
thought that il had enough, and passe
the bin by vote OF sixteen TO nothini
Me5srs. Donaldson and short refrain
ing from voting.
CANNOT GET FOURTEEN.
Representative Dempsey cannot g
fourteen votes in the House for th
d Reed Street bill. but he has enough {
do anything with it but pass it. TIL
bin was the special order for noon ye.
terday. and he thought that he w0ul
have the necessary two-thirds vote, bl
b when he counted noses ne found thi
he was several short and when moo
. arrived he moved that IL be laid on q
table until such time as he should 81
ft to call IL up. Mr. Hazell asked hin
sarcastically. if he wouldn't make
! motion TO indefinitely postpone furth'
- consideration of the measure. Tn
] caused Representative Dempsey
: smile. and he replied that ne couldn
b. think of doing such a thing.
THREE FAVORABLE REPORTS.
3 Among the House bills reported f
/ vOrably In the House yesterday NOR
! ing were the following. Compellir
: persons who claim TO have suffer'
! bodily injury by reason of the neg
. gence Of the city Of Wilmington to gi'
notice of intention Of suit within foI
months of the time of the injury al
= to bring suit within one year Of Il
J.. time of sustaining such injury; Hou
8 bill providing a petit jury panel +
8 each term Of court in New Cast
e county House bill compelling the 4
D surance commissioner to examine ii
e standing Of insurance companies cha
|. tered under the laws Of this state.
jokes IN THE HOUSE.