SATISFACTION OF MORTGAGES.
Mr. Carter's bill [H. R. 248] in relation to the satisfaction of mortgages, prescribing the manner the same may be done, flxing the fees of Recorders, etc., was read the third time.
Mr. CARTER said: This bill simply regulates the manner in which mortgages may be satisfied, on the record in the Recorder's office. There is no law in this State upon that subject. There has been a difficulty in some Counties where persons come to represent themselves to be the mortgagee and got mortgages satisfied on the record, when they were not the proper persons to satisfy the mortgage. This bill regulates the manner in which this satisfaction shall be made by providing that where the person is not known to the Recorder, he shall be identified the same as when presenting a check at a bank to be cashed. It also provides, where a mortgage debt has been standing twenty years, that it shall be satisfied, unless the party holding the mortgage file a statement in the Recorder's office that the amount remains unpaid.
The bill passed--yeas, 52; nays, 17.
Mr. FANCHER protested against the ruling of the Speaker of the House on yesterday in which the Speaker refused him [Mr. Fancher] the right to speak on a question of privilege in reply to remarks that were personal, made by another member of this body, for the reason that such was ruling was instigated by a personal motive and contrary to all parliamentary usages. He [Mr. Fancher] asks to have the same entered on the journal of the House.
