Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1910-04-22

easy to have misplaced some OF them.
No one who knows Jim Vardaman,
doubts his honesty.
We failed to pass the bill exempting
money loaned at per cent from taxa
tion by about seven or eight votes in
the house on last Saturday. l regret
this every much, because l believe 1t
would be very beneficial to our people.
1t passed the House before, becarse it
carried with it, a clause reducing the
contract rate Of interest to per cent.
If this later bill had passed. then more
whould have been in favor of exempt
ing money loaned at per cent. But
when the Senate amended the bill, so
as to strike out the clause reducing the
contract rate, the House refused to
concur, and we lost this. in my opln-
ion, worthy measure. / am sorry to
say that l was the only member from
Noxubee who favored this bill for /
believe that the majority of our people
favor it. did not vote for this be-
cause we are exempting the rich mans
money, but do this to benfit the poor
man, who has to borrow money. I
think we ought to have passed the bill
as it was originally drawan and l do
not believe the contract rate ought to
be above eight per cent. Very few
states in the Union. have it above 6
per cent, and do not believe scarcely
a one, has it above per cent. My
company is loaning money right along
in Tennessee where they cannot ask
but per cent for it, and in Mississippi
on better land, they are getting eight
per cent, and had this bill passed, am
satisfied. they would have been forced
to loan their money at six per cent.
They were very much opposed to this
bill passing, and tried to get me to
vote against it's passage, but l told
them that while on the floor of the
House, was representing the people
of Noxubee County, and not the Union
Central.
Well we have increased the appro-
priations very materially, but it was
necessary that this should be done, be-
CAUSE CL1C Va OOa NoAA-
eleemosynary institutions showed us
that it cost so per cent more to buy
provisions now than it did two years
ago, and we had to raise the per capita
in all of these institution We had to
issue bonds for $500, 10000, but there
was over $500, 900. 90 of permanent i'm
provements, and l think we will have
to do this to pay our appropriations, 80
long as great counties like Noxubee,
Oktibbeha, and Monroe pay nothing
towards the expenses of these institu-
tions in our state. It was some cOnso-
lation to me, must confess, to know
that while we had TO increase this ap,
preparation. it would not cost our peo-
pie anything, for we will get back ev-
cry dollar we collect, and spend in our
own county, for the levy for public
schools, and pensions, have both been
increased, and we only paid $43o0.O0
foa this year. We will not meet again
without we we are called in extra ses-
Dion; and do not think the governor
will hardly do this. We all did the
best we could, but of course, l do not
expect for all of mry constituents to
approve all of my actions, while down
there, but 1 hope they will give me
the credit for honest convictions, and
they will be by me like old John Nc
Innis told his wife he was when he
could not get me to vote against Var
daman. He said he told his wife, that
he was ''going on and love old Cavett,
just as well, since he found he was
Gearn old fool, as be did when he
thought he had plenty Of sense. "
BIG BUD.