Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1870-10-26

! Redd me IH4Ta ftne.-H. So, to establish
Bennington Graded School District passed.
! ii. AZ, to incorporate the Burlington
| Trust Co.. passed
4 III. %. Co Incorporate the Monkton Pond
Cheese Factory Co; passed
On motion of Mr. Carpenter of Burlington,
adjourned.
AFTERNOON
SENATE.-Reports- committee on the
Judiciary, S. 80, in amendment of sec. %,
ch. ll9, :" OF ofenses against pu Bile policy, ,
with proposals of amendment agreed to and
third reading ordered.
Against , a, to provide tax collectors
with stub-books third reading refused.
Refrred-H. 20 to incorporate the Monk
ton Pond Cheese Factory Co.; to committee
on manufactures.
III. 42, to incorporate the Burlington
/ Trust Co; &c committee on banks.
On motion of Mr.. Hartshorn, adjourned.
HoUsE.--Mr. Hall of Swanton moved that
the committee composed of the members from
Bennington Co, be relieved from the consid-
Grafton of bill IL. l28, to incorporate the
Northern Railroad Company; which motion
was agreed t..
/ Mr. Hall Swanton moved that the bill be
referred elect com of seven, to be ap-
pointed BY Vie Speaker.
Mr. Wood Of Fairhaven opposed the mo-
ton, on the ground that it should go TO it's
appropriate cOm-the com. on railroads
/ The appointment OF so many special commit
tees was unnecessary, and he should oppose
the proposed reference.
Mr.. Hall Of Swanton said that portion of
/ the present railroad com. had a similar bill
under consideration and passed upon it, re-
porting against IL He thought the CON. it
I self would desire to be relieved from the con-
sideration of the bill, and for that reason he
moved a special com.
/ Mr. Wood Of Fairhaven cited precedents
/ in the reference Of similar bills, and thought
there was no good reason for it's reference to
any other than Its appropriate com
The motion To refer to a special com. of
seven was then agreed to-ayes l05, nays
/ 55
/ Mr. Bull of Hancock, by request, moved
of fl. l02, providing for the appointment of
an engrossIng clerk and the better preserva-
tion of the laws of the State.
On the question of reconsidering the vote,
Mr.. Slade of Middlebury demanded the yeas
and nays.
Mr. Ballard of Fairfax opposed the motion
to reconsider, being opposed to the passage
of the bill. lie believed that it is necessary
that bills should be engrossed to enable the
Speaker properly to discharge the duties of
his Office. Amendments are made to bills,
and they 20 to the Senate, where further
amendments are proposed aud returned to
! the House, and unless the House can have
an eugrossing clerk 50 that the bills can be
engrossed, we should be in a constant mud
die 10 what were the provisions of the
bills upon which they are acting. He also
was opposed 10 changing the power of ap-
pointing the officers of the House to the
Governor of the State. He preferred the
present system, and should oppose the pro-
posed innovation upon the customs of this
House which had worked so well.
Pending the consideration of the subject,
+ the hour arrived for the consideration of the
+ Special Order-H. 10, relating to the rate
of interest.
Mr. Wood moved that the bill be recon-
mitted TO the committee on the judiciary :
disagreed to-
J Mr. Slade Of Middlebury moved to amend
by striking out the word - eight where II
occurs in sec ], and insert in lieu thereof
the WORD ." sssfeu. that 1t VAL read - seven
dollars for the use OF every one hundred dol
lars and briefly gave the reasons which
4 impelled him to offer it.
The amendment was rejected by very
decided vote The question being on the
7 passage of the bill, Mr.. Slade hoped itwOuld
not pass in Its present form.
Mr.. Hinckley thought it better to consider
the bill candidly and fairly, and to give time
in the matter nc moved it be ordered to lit
and be made the special order for = O'Clock
next Tuesday afternoon.
Mr.. Bull of Hancock proposed to save
time-He moved the bill be dismissed.
Mr. Ballard Of Fairfax was in favor Of q
change OF the law in regard 10 interest to
keep the money in the state. He preferred
the other bill now in the hands of the com;
but if we cannot have that bill, let us hav,
this one. We are being lulled to sleep by
those skylarks-these Is per cent. men
who are hanging around this State Hous
and warning the farmers TO look out for TIM
bill it Is compelling them to pay eight pc
cent interest; whereas the fact is we ar
compelled now to pay higher rate of inter
est than provided by this bill In State
where similar laws had been enacted, none
can easily be obtained at per cent. Ii
, said that If We made per cent. the lega
rate Of interest, it will be better for th
farming interests and OF all the interests o
: the State.
Mr. Drake of Royaltou said no bill nov
before the Legislature was more importan
than this. and he hoped it would not be dis
! missed. Let us deliberate upon the matte
: and not act hastily.
, Mr.. Brown of Richford was opposed I
the bill as being oppressive to the gres
farming interests of the State, in that
! would force the payment of a higher rate
: interest by class of men who were con
u PEELED to purchase their farms on credit
r lie wanted TO kill off the whole batch
these bills at once.
= MIR. Wood of Fdirhaven favored the pas
: : age of the bill as being really in the interer
{ of the farming community Money wi
. seek its market where it will command I'll
highest rate of interest, and if we deny
money lenders the right to ask and receive
: higher rate OF interest that e per cent. "
: compel money lenders is carry their none
;, out of the State. In Massachusetts, the
y have adopted liberal law in regard to tn
rate of interest, and the result has been th,
= money has flowed into the State, and no
y any amount can be obtained at lower ra
> of interest than is now paid in the State {
Vermont. Our laws are better for the s.
curity of capitalists in every respect excel
the legal rate of interest. Pass this bill al
'i the money will flow into the State to ii
:. great advantage of all the interests of IL
l. State. We must remember that we are q
n agricultural State, and that we must not pa
10 laws that will oppress the interests of an
branch of our industries. lie was oppose
!; to the bill as detrimental to the great pu
u suits in which We are all so much interests
le He opposed the motion to dismiss, and hops
it would be withdrawn
!, Mr. Bull of Hancock withdrew his motto
:. to dismiss, and thereupon the bill was o
" dered to lie and made the special order f,
l-2 O'Clock in the afternoon of next Tue
day.
The question then recurred on the reco
: sderatiOn OF the vote by which H. 63, pr
I, viding for the appointment of an engrossiI
y clerk and for the better preservation of Il
of laws OF the State, was refused passage.
u Mr. kellogg of Benson and Mr.. Slade
Middlebury briefly supported the motion
reconsider, and hoped it would be reconsi
cred, ard then if amendments are need
e, let them be made, and thus secure the bett
l. preservation of the laws of the State
nt Mr.. Brown of Richford opposed the motto
t on the ground of ecnnnmv We shnnld Y,