The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1830-11-11

10 posed by the gentleman from Newpor
mr. Bull the Town Councils will bc de
o prived even of the discretion which he him
,f self contended they ough, to have, in con
g iding this business to proper persons. His
c law says the Town Councils snail grant ii.
$ censes, to ali who apply, and they are to
graduate the prices according TO the ability
n OF the applicants down to dollar and even
f twenty five cents. ! do hope we shall not
hold out this encouragement to the increase
D Of tippling shops. There are enough al.
ready; they are ruinous to the country, and
: | trust that this General Assembly will
! never consent to repeal or to pass an act,
} that shall tend TO increase this nuisance a.
mong us.
Mr.. BuH.-Why, Mr.. Speaker, the re-
} peal Of this ten gallon act is not agoing 10
ruin the country. The gentleman seems
TO be ss much alarmed about il, as if we
were going to introduce as big stream of,
rum into the country, as that river the teui.
perance people tell about, which they say
all the gin drank in England In one year,
would make don't remember how long il
was.
I want to 60 back to the old law before
this excitement was got up. The frs, bill
(the one gallon ac) was passed when there
was no excitement on this subject. There
was no out door society TO dictate TO mem
bers Of this General Assembly, and that is
the proper point for us 10 60 back to. The !
gentleman asks why we repeal laws so
often. ask him why we make laws so of. |
ten? live make bad ones we must alter
them. Let us go back TO the period when
we legislated for the good Of the state,
when there were no Temperance Societies
TO interfere, and no publications in the
newspapers. Let us put things back to
where thoy were before this excitement.
We only ask to be put in possession Of our
rights, as we then enjoyed them. But the
gentleman seems to think we arc for put.
ting the axe to the root of the tree, and ,
cutting down the whole license law. I
hope at least, we shall go far e..ough to
repeal this act.
Debate TO be eoniinued.l ,
Saturday, Morning, October 30.--
School Funds. The General Treasurer
presented an abstract, relating to the
School fund, as in part an explanation of
his general Report. !
IT appears, (as far as we could gather l
from the extreme rapidity with which the I
Speaker is in the practice Of reading off ,
fgures) that the receipts OF monies appro. (
priated to public schools, amounted in 1928
10 sI2,573, In 1929 to @I3,25O in 1890 to !.
Sl7,4l5, making total Of $43,269.
Paid out to the several towns for support 9
Of Schools, in 1923, $lO,OOO, in 1875, ,80, ,052. 4
u 1880, $6,a47; total In thres years, $2s,. b
$40. d
Invested in the permanent School fund. \
Ia ls2s, $5,O44, in 1899. S4,0i3, in 1880. \
S5 400, making the whole investment Of 4
the permanent fund in three years $685.. y
Interest md dividends in 1898. .S477 in .
1899 S3IS, in 1880 $273--total $IO69 IS u
If this has not been expended, but added il
10 the fund, the amonnt Of the present in. y
pestment Of permanent funds is SI6,436. Il
The total deficit from the appropriations g.
IF $1,000 dollars per annum 10 Schools !,
n three years, Amounts 20 1880 dollars
This the interest CT the p, ~hanent fund
will nearly cover. The system therefore, b
lss operated admirably WELL and if persc. m
sered in will secure TO the children of the Il
rising generation, oil the blessings from i
rec schools that can be desired.
Bank RetwnS.-The report Of the y
giving an elaborate alb >;
.tract of the annual returns from the :.
III banks i'm this state was presented, :.
md the footings Of the several columns g,
IF figures, read with so much rapidity e.
~ the Speaker, that we could not take ~
hem down. &c
After the report was rend, Mr.. Sim 80,
qonS of Johnston, twho has keen w
cent in fgnres) called the attention Of IN
he House to the return of the Mer- ,L
hants Bank in Newport. BY the 90 90
harter OF that bank, the profits were ~ 90
D be retained on hand, and added to mn
he capital stock, which was originally ~,
so, 600, until the capital amounted to im'a m
100000. The returns ofthat bank, az az
owever, represented but $50, 900 cap nm n"
al, on which the bank was to be tax ~ ~,
d, when in fact they had S54 900 on ' ,n
and, as profits, $4,000 of which in ~
eality was part Of the capital Of the mn 49,
ank. The debtor and credit sides Of T.,
nc account did not balance, when you - y.
ONE to look into it, though, on the on
ice of the statement, il would appear 90
nat the Bank had made fair return. ~.
I'm this way the state was unjustly r az
eprived of the tax on $4,000 Of the o.,
ctual capital Of this bank, and had 20
cen so deprived of it for long time. On,
he gentleman from Newport, (Mr. wa
ulI was n principal director in this IN,
,nk and perhaps he could let the an
ouse into the secret, how they made ,y;,
IT their returns. inc
As it now stood it was not fair ex- - +.
bit. The returns Of that bank are
follows: 49,.
ipital Stock, S5o'OOO Oo