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Atlanta Constitution in Atlanta, Georgia

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Atlanta Constitution

Location

Atlanta, Georgia, United States of America

Date

Feb 16, 1875

Page

1

Reconsideration and Usury Debate In State Senate

The February 15, 1875, Georgia General Assembly session adjourned toward evening after debates on reconsidering a bill to amend section 233 of the code and on regulating usury. Senators debated limits, with McKinley supporting a seven percent baseline via self-regulation and Calhoun proposing broader reforms, while Shellnut opposed class legislation and supporters argued the need for cheaper money.

Senate Rex O Ketchum Lester Matetary United United States Union Georgia Congress House of Representatives Bis Finkave Committee Academy of the Blind Superintendent of Public Works Raitroncd Bec Jones and Nett Shaw Ske State Library Arthus, Hood A Brunswick Mibbee Messia Kibbee Wofford John Corn Towns Tudson House Sto Hamilton Wakker E. W.warren Duncan Jinterest Mae Calhoun McKinley Shellnut Fulton Aly Cardier New York Massachusetts New York Warner Renee

Georgia usury law debate stalls, amendments offered in House

Fragmentary transcript shows Georgia lawmakers debating a usury bill with amendments from Mr Walsh and Mr Carlton. They discuss fraud prevention, penalties, and how forfeitures fund education, while noting historical value declines and bank concerns. The bill's passage signals limits on interest rates and regulatory shifts across the state.

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