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Brevier Legislative Reports, Volume XIX XX, 1881, 475 pp.
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page: 108[View Page: 108]

INTEREST AND USURY.

Mr. Buskirk's bill [H. R. 3] concerning interest and usury, repealing laws relative thereto [making the established rate 6 per cent.], was read the third time.

Mr. SUMNER said--I believe that 6 per cent. is a just and equitable interest for the use of money. In addition to that I believe we ought to have one rate of interest in law.

The failed to pass--yeas, 42; nays, 36--for the want of a constitutional majority.

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