Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1869-11-05

Rfls INTRODUCED and reierei-By Mr.. Pingry,
relating TO Grand List (listing Of bank stock
where owner has removed from the town.
House bills referrei-Z3, relating to rights OF
married women; to judiciary committee
u. incorporating the Brattieboro & Benning-
ton Railroad Company to committee on rail-
roads.
81. Incorporating the Vermont Trust Compa-
ny Cu Benuingtonj; to committee Oh banks.
The Senate then adjourned.
HOUSE.
FRIDAY, Oct. %.
Prayer by the Chaplain.
Journal II Yesterday read and approved.
Nemo-ial-Bv lIr. CanGel1 Of Arlington, Of
the Clergy aal layity Of the Protestant Episco-
pal Church, praying for a modification Of
laws. rellting to divorce; to committee on judi
ciary.
Bills introduced and referred-By Mr.. Hill Of
Midilebury, 10 incorporate the Home Marble
Company; also 70 incorporate the Continental
Marble Company also to incorporate the Vale
Marble Company also 10 incorporate the Do
mnion Marble Company; seyegaly referred to
committee on corporations.
By Mr.. Dickey Of Bradford, by request, to
protect fish in ~ym's ponds ami the waters be-
tween the same AMI the town Of Ryegste, in Gale
douia County; 60 general committee
Il "5 w '-', -; 77.-,,,,j.,os
~. 80 -
Tii.,-.-I-
Rv NJ Al.-i.b ~ voo5,.-i q, le,,,lize the
.-,ri ,-,.ftls r,,, ~ .lf-i. ~ 5C-,-r,7-,ea
ciri-.
o. ~ T-u.i.,-f Nfo..-.,l;,- b.. 1910.
g.; -, - In, act - i,,l5.ror,te the Mont
- 81 W.u.. -ivqr RairoSd Co 10 COM
-. 80, -,,I....is
r. AZ F,-,.s,,,rtb If Windsor. by request.
d, .,,iIe the ,.xu Of uartlaud TO all in building
d. ,rij,.s .,.-,.s -t. Connecticut river; 90 com
~. Li.,hxavs bridges and ferries
~. ~ $500, If TSx,,erl IN chance the
-. - ,1r,irs : -BgtterfelI. 10 general com
,..,.,o.
re- Mr. Wais. of gur.ir-,ou In addition to
- - q : -sr,-ir., r., +7sx -ri1ls. 10 COM
-. ...' ,so ;,.l;.i-,.
r. NJ ri.-sr.v ~ ',ye-a.e sizing tb. salaries
TX. S,-..,.7.ta,ie,,r ana Cbaplain Of the State
prison. IN the committee On STATE Prison.
50 orj.r n 10 restiBg 10 an increase in
o.. - ir+e-..t va. taken m. penlipy the
.-.4..i.-.,ian ,f ,Le Amendments proposed by
49,. ..-,,,,,ss ers. p, make the rte Of interest
,-, ,,.,.-i;,, ,;.,b+ nor cent for money actually
- -. .t.-.r-., i,s.co5 q saven AMI
-. ..t.. 49,. .s-,t oil. IL, The ,r;,rinaI hin
N, - . ~. s,;4 be kaI M sr.a,isl
-, t.,i .r.i..,,,,b bo ;rtr,dr,a4 II NJ
-, ~. 80. ,e,Dy bp.i,ess men The
-. 49,, -, 20 ;-ts-ss- i now fvei At
= -. s. ,L.t money has a value and is
.--,--,,,1r ,vI,i-b the rich noses
81 - - met rave. avid the rate 70 he maid
Wy - -. l,r,,,J Ue ,bopybt ,b,r
-. ~ ..,,, = ,ro b;.,l. wen ami tbree
80 49,. - v.i,e and i is better to
~. .t,,-,.sl a, ,l bs--sr l4,ve the hill
- ~. ,,-;.,s1
80, ", 49,, s,ii - &, "a made
- - ,,s, cont u or,bt
~ ~ 49, 20 al too small
-. H. l.t the land marks of our
- -. Nc r,av az Vol a,ternt "a
.h, r.I.-f Ni,r.r.' ,ri,b q straw A. In nj
-, ,,,. ~ interest II i hot
,,.,,,,, ;.,s. ,rla,-, II i unless We
In -. a., N.s.,.t.,.s.,+s law and allow
- ;,',s-s, ,,re.i n in
-
NJ 7u...,., .,;i That tho committee we're in
,l,,.al -. ia r,-,. II rho I'm because bnsi
- 49,, -. t,--.,.rs hal re,ues+eI that
,L...t-.a-t-.- b. nal. Tho rate If ei,,bt rer
~. -. - ..s1.,i,,sj han seven and
H.. +s,.,bs he iboYybf n setuallv better for
,bs t.,r,,,,y.r ~ have the rate raisei. As thoa-
4. ~ "a e
nr,Ilr sent ont If the state because thew can get
bi,,ier no renjerin, il ,l,tfi,ult for the Dor
- o., 80, The ,,se Of the money. Men
co,l5 NOT ,bt,in money on mortgage when they
ave ,iIl,r, ~ nav as biyb A. EIGHT per cent. for
tho reason thai the lender would not hazard the
los that the present penaltv Of our law fixes on
,be t,t;ug If HIGHER than six pe- cent The
cb,r.,, IF tho law wot,ld save the money in the
sat. the. now is sen, ont Of it. and would tend
n, lvauo.. tbe material interest Of the people If
the St,te
Mr. Wool Of Fairbaven. said this was A prtc-
teal Question for the House to consider; we are
now in the midst Of A very stringent money
marke. and some measures ,hould be taken 10
relieve the wants OF the people. lie said that il
might bstri,e that those who loan money At six
ner cent interest were ENGAGED in a more nrotit-
able bnsiress in n lon, r,n. than any other in
m. STATE. lint We must look AT the practical
needs If the nsorle New York allows seven
rsr csn, irtsrt., Massachusetts anv rate that
shall he arreel upon in writing. and those living
near tboss states send their money out Of YER
mont far investment instead Of keening il At
home Al a lower rate Of interest. The tTue m
tarss,s If N. St,.e demand an increase hnt he
,bo,,,L e;S, ,,.r cont 80, bi,,b ami \. r,v,i =,
amend the amendment rron7se.l nv the commit
tee :, that shall he ixed AZ seven per cent
Mr. Seyerence of Glover. said that only four-
teen Of the states had found II necessary 10 raise
the rota If ir,erest ahqve sir per cent 10
tbop,tt tho increase If tho rate now nronosed
would rot prevent the sending Of money to other
states for investment when thew coiId obtain as
high as ten per cent. and even higher. The
reason Wbv Vermont is one Of the roorest of the
New ENGLAND States Is that We h q NOT given
sufficient attention IN manufacturers. and if
noneyed men would invest in them. il Would con-
dnee 10 the interests Of the Stata He arguei at
length in favor of the nresent rate of six ner
cent, and was opposed 10 apy increase.
Mr.. Wood of Fairbaven withdrew his amend
meut. and Mr. Garfield Of Arlington moved IN
amend the amendment nronosoJ NV the commit
tee bv ixino If n seven nj tb,ee-. entbs nor
cent This is higb enougb for tho business in
terests Of tn, State. and he xoula have a nen-
sltv sufficient e, l,eer, il within inst m,Y;rnpm
lie would 20 further and ~ a,p,nd the hin ne
that when money il los,a5 oo r,or,,,ars 81 raaI
ss,a,e il sbaU not he AZ a birbar 80 ,hor siv
nor cent il being safar s,r ,be lando- 10 loan
q, civ nor cent on 7sai os,.,a so,,,-;t,- ,La, a,
ssren and three tertbs ,er con, -, ,,arsonaI ca
.',r;,;es '- p''-'''
NJ Garfield s.il IN. Sat. bod .1ro.lr ollow-
al towns 10 bo,ro,v r,or,e,, a, savor al three-
,e,,bs nor con, ana ,ba, ba1 49, .a.a;vaJ a.
tacitly assented 10 bv the State. The amend
ment proposed by Mr.. Garfield was rejected,
AYES 10. Navs 50.
Mr.. Wool moved that the hill he re.ommitted
10 the committee on the indiciarv which was
DISAGREED 10 Aves 81 Ssvs OF Nr AbelI
moved 10 amend the amendment pronosed nv
the committee bv striking ont the words :. for
money oc,nalv loaned al No, otbsr,,ise He