Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1870-11-23

they thought public necessity demanded In
1861 we passed general banking law. We are
informed there never was but one bank organ
lied under IL, and that failed. II was the South
Royaton Bank. and the suffering and losses to the
farmers and others in that vicinity, consequent
upon the failure, was very extensive. Notwith-
standing general banking law, special charters
we're applied for every year, and granted wherever
the public good seemed to demand The same
has been true ~ TO our general law Tor the or
gauization Of companies for manufacturing and
like purposes. No companies are organized under
this law, but special charters are applied for and
granted in great numbers every year,
There is a general and widespread distrust Of
corporations organized under these general laws,
and il general railroad law is passed there is
every reason to believe it will never be used ex-
cept Tor some ulteriOr purpose, OF In the cOntin-
gency that special charter is refused By the
Legislature, and in that case it seems to us ii
ought not TO be used
SO far as we are informed. the present roads in
the State are well managed, and afford reasonable
and proper facilities to the public. They are new
ertheless IN struggling condition We believe
only two have ever paid dividends on their stock
The interests Of the public and the property Of
railroads are 50 intimately intcrwoyon, that what
ever affects the former will be sure 10 affect the
latter
So long as they are well managed and afford no
richer rewards to their stockholders than they
now do, they deserve our reasonable protection.
We have not deemed il necessary to allude to
numerous objections 10 the bill in its present forni
which were presented before the committee and
which We think OF considerable force, but rest
our objections to the bill upon the reasons before
stated
The majority of the committee think the bill
ought not 10 pass.
EDWARD CRosW,
u. B. SrKrsOS,
H. X. GRAVES
d. =. WALwoRrn,
A. II. Hour.
From com on corporations, in favor of H. 357,
10 incorporate the Smithtown Cheese Factory
third reading ordered
From select com, against II. 36l, 10 raise a
tax on the county Of Rutland third reading re-
lu sed
From com. ON banks in favor of H. 327, to in.
corporate the Chester Savings Bank third read
ing ordered
From com. on railroads, in favor Of II 10 in
addition to chap. 2s9, regulating the crossings Of
railroads by another railroad, with an amend
ment, which was agreed b, and the bill was
passed
From com. on grand list, in favor Of II 253, "a
correct certain errors in the quinqueunial valua-
ton Of the town of Wallingford for the year 1870
third reading ordered.
From gen com. against II. 33s, to protect fish
in Milligan's Pond third reading refused,
From zen com. against II 322 to protect fish
in Duttons Pond third reading refused.
From com. on corporations in favor of H. 80 Ia
incorporate the Brandon Lumber Co. third read
ing ordered.
Ii. 226, relating to billiard tables, was again
taken up, and its passage refused, yeas 90 nays
l0l.
testimonial Of honor to Vermont soldiers in tho
% Ia IN a
;. ll3, 10 incorporate the Universal Family
Scale Go. to com. on corporations.
y los, relating to liens on personal property
sold 10 com. On judiciary.
Mr. Powers of Leicester moved 10 reconsider
the vote by which the House adopted the resolu
ton TO pay mileage and debentures IN Mr.. Railey
the contestant in the Brunswick election case
which motion was favored by Mr. Slado of Mid
dlebury, on the ground that he voted by mistake
for the resolution, and wished now TO vote right
against it.
Mr. Hinckey of Chelsea opposed the motion t.
reconsider, On the ground that it is usual TO pay
constestants their mileage and debentures.
Mr. Holt of Berlin, upon inquiry by Mr. Mud
gett Of Cambridge, said Mr.. Bailey had said L
him that he never should have come here had i
not been for n man by the name Of Beattie
After further discussion by Mr.. Kellogg o
Benson, Mr.. Slade Of Middlebury, Mr.. Bull o
Hancock, Mr.. Grout of Barton, and Mr.. Wood o
Fairhaven, Mr.. Edison of Mcndon moved that tn,
motion to reconsider be referred to the com OIL
elections.
| Mr.. Kellogg of Benson thought the contestan
ought not 10 he paid, as he did not get the seat.
/ Mr. Ballard of Fairfax claimed that Mr.. Bailey
of right is entitled IN his pay as a Representative
on the floor of this House. as it was his duty, un
der the circumstances, 10 contest the seat. III
did his duty, and is entitled to his pay. Tn
change of vote from declaring the seat vacant /
re-seating Mr. Taylor, was effected after Mr.
Bailey had left for his home. lie thought Mr.
Bailey ought To have his pay.
Mr., Walworth Of Coventry favored the motio
to reconsider, that the House might now declin
to set the precedent tn pay him.
Mr.. llinckley said it must he remembered tina
two Of the committee on elections reported in ia
yor of Mr.. Baileys right TO the seat, which woul
indicate that he was justified in contestlng tn
seat, and now ought to be paid,
MIR Colburn Of Manchester demanded the pre-
vious question which was seconded by the Ilous,
and the motion 10 reconsider was rejected aye
II, nays 96.
On motion Of Mr.. Drake of Royalton, adj.