The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1921-03-04
INTEREST RATE
VETO UP BEFORE:
COUNTY, COUNCIL
BY voTE OF SIX 70 ELEvEN MO.
rioN TO APPROVE GOVERNORS
ACTION IS KILLED.
NO. FENCE LAW IS PRESENTED
Question Of Giving II Endorsement Is
Rslsfrsd TO Farmine and Live stock
Committees for Report at the Next
Sssslon. 4 Rrs
l.ilFronp mondays daily Herald.o

RGlfTom MONDAY y Lally Herdiu.D
~ by asote of six to eleven the direc-
tors OF the county council of agricul-
ture at their regular meeting on Sat
urday afternoon declined to endorse
Coy. Taylor's veto OF the eight per
cent contract interest bill. The mo-
tionato endorse the action Of the COVER
nor was made by Albert Holt and pro.
voked considerable discussion, which
was participated in by John w. Fry.
Henry n. Hill. J. !. Finney, w. J. Rus
sell and Mr.. Holt.
The contention Of the opponents of
Mr.. Iiolt's motion was that money was
o commodity and that 1t was just.
about % futile in actual practice to at
tempt to regulate its value as 1t had
been TO attempt by governmental ac-,
tion 10 FIX the price Of other corimodi-
ties. twas brought out that already
thirty.nine, states have the contract
rats of interest law and that states
which have that law enjoy as cheap or
cheaper money than those that adhere
to liked low interest rate law! 20 1t
was also argued that the law had not
been and would not be enforced and
therefore should be repealed, Mr.,
Holt made very earnest argument in
behalf OF the motion as did Mr.. Hill,
bothSof whom quoted the statements
made BY the governor In his veto
message.
"A roll call on the motion was de-
/ lnanded with the result that there
were nix ayes and eleven noes. four
members of the council directorate
being absent. Had all been present
and voted with the ayes the motion
would still have been lost.
The directors OF the council had one
81 the best attended and most inter-
estihg sessions they have ever held in
addition TO the members of tha board
thera were many interested specta-
tors Ia attendance tay9, afU rss
Allen B. Harlan presented q request
that the council endorse the bill that
had been drafted providing for no
fence law for Maury county. After
some discussion on motion that the
request and bill be referred to the
two committees on general farming
and live stock of the council for inves-
tigatlon and report at the next meet.
ing pf the BOARD of directors was
adonted These committees will be
called together at an early date by
their respective scbairmen and pub
j ljcs hearing permitted. James r. VIII
Hanson Is chairman of the live stock
yunlmittes and William p Ridley is
Chairman Of the general farming COM
m.ttes. 1t developed in the meeting
that there was considerable opposition
toAhe no fence law, both Mr.. Ridley
and Prof. Graham speaking In opposi-
ton to IT. 1t Is expected that there
will be a. large attendance when the
coInmittees hear the arguments on
the bin
= Gus Sowell, prominent farmer of the
eighth district, asked to be heard on
the, new road law He was vigorous
: in hs criticism OF that provision of the
Nnew law which continued all the yehi-
Gle taxes for this year. However, it
was explained that under the decision
! OF the county attorney and other law
yers this tax had already accrued
when the law was passed and could
not legally be repealed, and for that
reason the legislative delegation had
lat the vehicle taxes intact for anoth-
erIYear.
Former Representative w. James
Russell reported that as the represen-
tGt,ye OF the council he had gone to
Nashville to aid the sheep growers as
s6eiation In the defeat of the bill to
repcdl the dog law. While the result
Is still In doubt Mr.. Russell made
an encouraging report and expressed
the hope that the law would not be re-
pealed. =
The. council unanimously endorsed
Afhs NIL naudiny In tho lapislafrre nm.
der which ninety per cent of the state
taxes and license fees collected ON au.
fotnobiles would be- returned to the
eonnt .ess for expenditure on the, coun
tyEroads,