Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1851-11-13

Mr. Richardson called up the bill reported by
the select committee to revise the listing law,
and offered an amendment taxing banks and rail-
road stock at true value at time the same is set
IN the list whether above or below par. Mr. Ev-
erts then offered the following proyiso making
the amendment Of the committee similar TO the
bill introduced by him a few days ago. "proyided
that no railroad stock shall be taxed until the
same shall have become productive and a divi-
dend declared thereon" Mr. Woodward and
Mr. Wright opposed the amendment, inasmuch
certain railroads are in possession Of the best
lands in the state, which were formerly and
ought now to be taxed. Mr. Richardson stated
that this amendment Of the committee is merely
explanatory ola preceding section that the 2lst
section Of the law as now in force taxes stock &c
companies who are doing a good business, al
though no actual dividend is declared, and thought
it altogether better than the proviso of Mr. Ev-
erts. Mr. Barrett opposed the proviso and con-
sidered that there is a difference between an in.
vestment in public interest and the ownership
Of private property, and that those who sacrifice
their property for the public good should not be
taxed until some benefit is acquired therefrom.
Mr. Wright asserted that railroad projects are
private speculations and devised by spectators.
Mr. Everts insisted that railroad investments are
very far from being gambling transactions, as
had been asserted, but if so, the people of Rut-
land, who had expended Sl35,OO0 in stock which
Is now worth $4,000, were decidedly unfortu-
nate. Mr. Adams opposed the proviso, as also
Mr. Howe and it was lost. The amendment of
the committee was then adopted and the bill or
dered to a Sd reading.
The bill constituting the Atlantic and st. Law
renee Railroad Company corporation within
this state, was taken up. Mr. Fifeld favored the
amendment of Mr. Stacy, and said there had
been private understanding that the Atlantic
road should only come short distance into the
northeastern part Of the state, and that agree.
ment should not be violated. Mr. Grandey OPP
posed the amendment, and in reply to the argu-
ment of Mr. Fifed said, that no parol agreement
among lobby members should control the terms
Of written charter that the same favor should
be granted to the Atlantic Company, in regard
to this extension Of time, as had been granted to
the Passumpsic and the Vermont Central, and
that this extension of time is the only question
in the case, not whether the Atlantic Company
are TO occupy broader extent of territory that
if the trunks of the two railroads were not built,
the amendment would make the charter mere
nnllity, and insisted that this amendment would
thwart the objects of the Atlantic Company.
/ Mr. Stacy said that he had offered this amend
nent in good faith, and would soon convince the
| House to that effect. He then moved recon-
sderuton of the vote adopting the amendment,
as he wished to accommodate himselfto and obvi-
ate objections which had been made, and propos-
ed to offer another substitute.
The House then adjourned.
SENATE
On motion of Mr. Baldwin,, the Senate recon-
considered the vote refusing the third reading of
the bill altering the time of holding county
courts in Windsor and Orange counties, and on
motion Of Mr. Curier it was amended fixing the
time in Orange county, on the third Tuesdays
Of January and June the title was also amend
ed by striking out Windsor, as the bill only had
"
was adopted ordered to a third reading.
Bills introduced and referred. By Mr. Keith,
fixing the time of holding the county courts in
Washington and Essex counties; changing the
time to the second Tuesdays of March and Sep
TENDER in Washington county, and to the second
Tuesday in May and fourth Tuesday in January
in Essex county; to a select committee consist
ing of Senators from the counties named
Mr. Batchelder called up the bill Incorporating
the Dorset Railroad and Marble Manufacturing
company. Mr. Keith proposed an amendment
making private property of stockholders liable
for the debts of the company to the amount of
stock held Mr. Keith spoke in favor of the a.
mendment Messrs Batchelder and Royce OPP
posed, and it was rejected, % to 2; ordered to
lie on motion of Mr. Goodhue.
Reports Of COMMITTEES. BY Mr. Royce, from
the committee on the Judiciary, in favor Of the
bill relating to Registers of Probate; perform
the duties of the Judge in his absence; passed.
By Mr. Seymour, from the committee on Claims,
on the bill to pay Asa Barron, statement Of
facts; and on motion Of Mr. Keith, it was indefi-
nitely postponed.
The Senate passed the bill establishing the
Franklin county law school the bill incorporat-
ing the Wantastquet Railroad company and
the hill amending sec. 60 chap. 81 C. s. relating
to banks
Resolution. BY Mr. Seymour, that the Libra
rian be directed to deliver TO the Secretary of
the Vermont Colonization Society for the gov
r eminent Of Liberia, such public documents as
can be spared from the Library without detriment
TO it adopted.
, The Chair laid before the Senate commune
cation from the Governor, with report of the
, agent of international Exchanges; referred to
committee under the lth Joint rule.
! Adjourned.
HOUSE.
Reports Of COMMITTEES. BY the committee on
Agriculture, to whom referred the petition
of w H. Blake and others, for further legsla-
ton in regard to swine running at large that no
further Legislation Is necessary petitions ORDER
, ed to be Withdrawn. by the committee on Banks
in favor of the BIZ % incorporate the Waits Riy'
er Bank, with proposals Of amendment, by ma
king the capital stock 100000 instead Of $780,
III. IL.