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Washington, District Of Columbia
What is this article about?
A writer in the Knoxville Register criticized a pending state legislative bill for establishing Loan Offices, estimating costs at least $400,000 for $750,000 in loans over ten years. Debate included a full day of speeches by three members, with the issue likely resolved by publication.
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Where did it happen?
Domestic News Details
Primary Location
Knoxville
Event Details
A writer in the last Knoxville Register furnished strictures on the bill pending in the Legislature for establishing Loan Offices, showing by calculation that the cost to the State would be at least four hundred thousand dollars, estimating the amount to be loaned at 750,000 dollars and the business wound up within ten years. In the debate, one day's sitting of 6 or 7 hours was taken up by speeches of three members on the question.