The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-01-29
IDGHTY BILLS PENDING.
j>.e REDUCES THE LEGAL Rate
A. INTEREST TO PER CENT.
= Also Limits the Charge, by Psi-
vase Contract, to 10 Fer Cens.--A
psse Food Hill, Designed Go Pre-

s-~esaj Dispatch 10 the PSs:-fnteIlsxeaeer.
YNPfA. Jan. Gs-~~Tba L. j. Miller
80 interest bili Mi come ZIP Monday
Irssgse FOR action By the senate. AZ
800 eGgEoss.a IN the senate IL Is xs fol
ss.son I. Every loan or forbsararcs OF
s1nsr. goods or taiEg IN action snail bear
11srest st the rate Of per s-ntnm per
-snUsa when no different rate IL agreed in
~rsr.nx between the parties. the d,s-
~srsrg Of COMMERCIAL paper. where the
srroner Egakss airnseIf liable as maker,
s~ransor or indotses. shaii Da considered
~ loan 2aT the purposes Of this act.
- Ans rate Of Interest not exceed
:. 10 per csntum per annam as agreed 10
= srstlng By the parties 10 the contract
- be legal. and 30 person shall directly
~mf,rsctly take or receive usoney, goods
= shlng IL action. or ia any 0tner way.
- rrsater Interest. sum or value for the
- az forfteafance OF money. goods or
- In action than 10 per centua per an
-. g. All state warrants shall bear 10
tersst ii a rate not greater than per
81 per alBun.
-. 4 Ali county. city, town and school
warrants, and ali warrants or other evil
Ssuces OF Indebtedness. drawn upon or pay
- from any public funds shall bear In
lersgt At a rate not greater than per
csnsum per annuEa. unless a less rate be-
suecifed therein.
-. s.-JsiGg nents hereafter rendered
q written contracts. proYi5ing for the
naynseat Of interest Until paid al a s,eeg-
a.. rate shall bear interest at the "a e
pec!ssd In such contracts. but stall not
a auy time bear interest greater than 10
- cent: provided. that said iniefes, rs.o
: wt forth IN the judgment: and all other
SEDIMENTS shall bear interest at the rate
Of per eenium per annum from date OK
eriry thereof.
-. s. II greater rate Of interest than
i hegesnbefofe allowed shall! be contracted
ser or received. or reserved the contract
sail not. Therefore, be void; but IL In any
srsion on such contract proof he made
fsas greater rate OF interest has been d.
.rssy or indirectly contracted for or
saken or reserved, the plaintiff shall re-
esver only the principal, less the amount
II interest accrsing thereon at the rate
ecasrscfesi for. and the defendant shall re-
esver costs and X Interest shall have been
sxH Judgment shall be for the principal.
~ twice the amount OF the interest paid,
I'D less the amount OF all accrued and un-
taIa Int. est: and the acts and dealings
r an agent IN ioaninR money shall hind
IT, principal. and in all cases where there
b Illegal interest contracted for by the
Naasartfen al any agent. the principal
dali BE- held thereby to the same extent
= though he had acted In person. And
mere the same person acts as agent Of
De borrower and lender he shall be deem
q the agent OF the lender for the purposes
Il this act.
Ne I Nothing herein contained shall
b construed as affecting. prior 10 the en-
ny Of Judgment thereon. any contract or
shligatfan made or entered into prior 10 the
rhiEx effect OF this act: provided how
eFer. that the repeal thereof shall not ef-
fscs any existing contract.
See. Chapter 1876 NJ the Session Laws
x 1895 Is hereby repealed.
Reformation Of Criminals.
Senator preston's bill. introduced by re-
guest, for the reformation of criminals
vests In the state board Of pardans au-
'hofity 10 appoint. remove and reappoint
~ agent 10 be known az the state sgsa,
81 reformation for the aid and supervision
u paroed and discharged prisoners. The
eAsafy Of the state agent is 81 800 per year
Ms duties are To seek employment for
Wlsaners paroled or discharged from state
prisons. 10 provide measures for the refor-
mztsfz Of prisoners and TO perform all
ether duties prescribed for him by th1
eaard OF pardons.
Pure Food Measure.
One OF the most importsn, bills before
e house Is that presented by Representa-
we White, OF Bland county and IL known
Whites pure fnod bill DR. White il
Msneciy and actively at work in the tn
fs'tst OF humanity. and nothing could be-
g better service 10 the people q? this state
man a Law thar would do away with
eaaaeraFinns and cheap limitations Of nee
nary food supplies. There IN no reason
way tho White pure foai hils should not
y given an easy rfght-1f-way and nassets
q an early date before the legislative ma
eninsry Is ciogged by IA mass Of other mat
hr.