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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 769   View pdf image (33K)
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1874.] OF THE SENATE. 769

Strike out "sub-sections 3 and 4," amend by adding an
additonal section to the bill, as section 2.

"Section 2. And be it enacted, That any person or persons,
bank, corporation, insurance company, association, building
societies, land company or corporation, loaning money at a
greater rate of interest than six per cent, in the absence of a
contract, or at a greater rate of interest than seven and three-
tenths per cent., either directly or indirectly, where contract
is made, shall forfeit the whole amount of principal and in-
terest in favor of the borrower or borrowers, and the party or
parties borrowing the money as aforesaid, shall be competent
witness or witnesses in any such case."

Make section 2 of the bill read "section 3."
Which was accepted by Mr. Williams.

The amendment, as amended, was then rejected by yeas and
nays as follows:

AFFIRMATIVE.
Messrs. Claggett, Suit,

Fields, Williams—5.
Spencer,

NEGATIVE.

Messrs. Aydelott, McCulloh,
Brewer, Phelps,
Billingsley, Stevens,
Brattan, Steiner.
Earle, Tuck,
Longwell, Walsh—13.
Lloyd,

Mr. Fields moved to indefinitely postpone the bill.
Which was determined in the affirmative as follows :

AFFIRMATIVE.

Messrs. Aydelott, Phelps,
Brewer, Steiner,
Billingsley, Spencer,
Brattan, Tuck,
Fields, Williams,
Longwell, Walsh—13.
McCulloh,

NEGATIVE.

Messrs. Claggett, Stevens,
Earle, Suit—5.
Lloyd,

On motion by Mr. Walsh,
The Senate went into Executive Session.
90

 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 769   View pdf image (33K)
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