Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-02-17

aw. as they will most unquestionahlv have
he bulk OF the tax in said county 10 pay,
,winS to Increase of interest as stated; and
he lender of money exonerated from the
provisions of the law.
The rate of interest at this time in New
Castle county for money loaned on bond
and mortgage, secured by landed property |
is per centup; and the legal rate being o
per cent the borrower will surely he com
PEELED to pay the tax in an increased rate of
interest, equal to the tax levied OF d yer
cent
Loans are being made since the enactment
of the law at VI per cent, as all future loans
will be made during the continuance Of the
present value OF money; and if the rate of
interest should settle below . per cent, the
tax levied say per cent will be additional
whatever that rate or value Of money |
may be.
In regard TO loans now standing and past |
due, having been made Mt per cent and |
the rate OF interest reduced TO per cent or |
il made at ) per cent, the lender will say to |
the borrower, the rate must be increased to |
Of per cent, or on refusal to so increase the
loan must be paid Off,
Il is said that in sussex county rarticn-
larly. and to some extent in Kent, per
cent is paid for the use of money.
II such is the fact the immediate effect
Of the law will not be oppressive to the
farmer or borrower, nor unjust to the
lfUueIt Ncl tut INV Is an ullWlsC ono. us
tending to Tetard the decrease of the rate of
interest to the extent Of the tax imposed.
Under our present monetary condition
there can be no possible difference of opinion
or just reason why New Castle county should
not be exempted from the provisions OF the
law.
As before said the legal rate Of interest
remaining II G per cent, the borrower in New
Castle county will have the tax to pay,
Farmers of New Castle County.
just before the Senate adjourned. the
folluwinps offered by MIR Fenimure,
waa unanimously adopted:
Whereas. Moses Harrington. deceased.
was from the years lSl5 10 1850 member OF
this honorable body; and,
Whereas, The members OF this honorable
body have learned Of the death of said
Moses Harrington with profound regret.
Now, therefore, he It resolved by the senate
of the State ut Delaware, That the mem
hers Of the Senate of the state Of Delaware
hereby tender to the family OF the deceased
their sincere sympathy IN their great be-
rcavGment and mourn with them their loss
and the loss OF our people.
That the clerk of the Senate be instructed
to forward nh engrussed copy of these resu-
lutions to the family of the deceased
Several OF the mGmhers attended the
funeral of Mr.. Harrington, which took
place in the afternoon.
LEGISLATIVE MATTERS.
Tho General Asscmby's commission
OF attorneys has outlined most OF its
work and will undoubtedly hs ablc to
furnish the Legislature with some work
next wesk.
Representative Dempsey has in hand
very important bill relating to the
passing and publication of laws, includ-
ing the submission Ut bills to tho
Governor for his approval. II abol.
iehes the old law in relation to
bills after heing passed ana enrolled.
so as TO regulate the matter according
to the provisions al the new Constitu-
tion. Tho Inv az it now standa pro.
vides that all public statutes, when
passed. duly enrolled ard signed, shall
be delivered by the Speaker at tho
house where they originated TO the
Secretary Of State, who shall forthwith
have 5000 copies accurately printed,
with proper notes and index; also that
the public statues shall the printed in
two newspapers of ths State, provided
that the whole cost OF such printing
shall not exceed $50 for each of the
newspapers in which the acts are
printed.
The bill provides that whenever u
bill, order, resolution or vote of hnth
houses of the General Assembly, first
hoing duly enrolled and signod by the
| president of the Senate and the Speaker
OF the House Of Representatives and
having been approved and aligned by
the Governor, or not having been re-
turned by him with his objections,
becomes law or takes effect. it shall
forthwith be received by the Secretary
OF State from the Governor; and when
ever bill, order, resolution or vote ia
returned by tho Governor with his oh
lections aud on being reconsidered, ia
agreed TO he passed and is approved by
three tfths of all the nom hpra elected
TO zach house of the General Assembly
and thereby becomes law, or takes
effect, it shall he received by the Secre-
tary OF State, from the president OF the
Senate or the Speaker OF the House of
Representatives in whirhHoever housa
it shall last have heen so approved, an d
tho Secretary Of State, il the hill, order,
resolution or vote be Of public nature,
shall, Immediately upon tho adjourn
ment of the General Assembly, have
5000 copies accurately printed in
pamphlet form, with proper notes and
inhey, and shall carefully preserve tile
originals One hundred copies arc tn
be sont TO the parliamentary of New
Castle county, so copies TO tbs prothUno.
tary al Kent county mud 80 copies tn
tho parliamentary OF Sussex county, the
prothonotaries to he charged at the rate
OF 81 per volume. One copy, properly
bound, is 10 90 10 tho executive, 0ne ia
each State officer, one to each county
otiirer aud the residue to tho State
Librarian to distrihute ono copy to the
State library of each State and retain
tho residue. The pamphlet laws urt
to be distributed as follows: One thuus
and one hundred copies 10 the pro.
thvnotary of New Castle county, roo &c
the parliamentary of kont county ant
500 to the parliamentary Of SUSSEX
county, one 10 the President of thu
United States, one to each of the do
partments Of tho ganeral government,
two to the L:hrary os Congress- ono t.
Delaware College, ono to St Mary'l
College, one 10 the Historical Society
OF Delaware, uns 10 the executive O.
each OF the States, $50 copies to tn,
Office OF tho Secretary of State to be
bound into suitable Volumes the rusi
due to the State library, the librarian
to distribute one to the State Lihrar,
of each State and the residue to he re
tanned. =....
additional proceedings on NTH page.l