Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1872-11-08

officer makes claim for money which II is the duty
OF the Auditor OF Accounts to draw order to pay
From his examination Of the matter he was satisfied
that Mr. Slade was not in equity entitled to any
thing; and stated the provisions of the law as
passed in le57, fixing the the annual salary OF the
Secretary OF Civil and Military Affairs at S375, and
the change that was made in 1870 fixing the bien-
nal salary at $50 He found that Mr.. slade had
already received from the auditor orders to the
amount of $3.50, and that all the other State officers
had taken their salaries under the law Of ls70 and
he thought Mr. Sade should in justice be paid un-
der the same law, and that he had received. II
there was any thing technically due to Mr., Slade,
il is only SIS, and he moved to amend the amend
ment proposed by the committee by substituting the
words twenty-five instead of serenty5fre, as that
would cover all the technical claim which he could
make with any appearance of Justice.
Mr.. Thompson OF Irasburgh, said that the Auditor
OF Accounts drew an order in favor O: Mr.. Slade for
sls7 so, which he regarded as half OF his pay un-
der the old law he would then be entitled TO
S2G2.50 to make up his salary to $50 but he would
be entitled to SO to make up his pay in full under
both laws.
Mr.. Ballou of Burlington, also explained the un-
Mr., Thompson.
Mr. Field Of Sprin gield read the law Of 1870 as
the best test TO apply to the settlement Of the ques
ton, and the only rule that should govern the
House in Its action,
Nr. Hebard further explained his view of the
case, Insisting that the House could not apply one
construction Of the law in the of the Secretary
Of civil and Military Affairs whose salary re-
dueed under the biennial system, and make another
construction OF the law in the OF the other State
officers, whose salaries raised. To Obviate all
question ne proposed 10 make the sum to be paid to
Mr. Slade 50 that being the pro rata difference he
would be entitled TO under the old or under the
Mr.. Field of Springfield asked for information as
TO the payment OF the other State officers and
whether they were paid undor the old or under the
new law.
Mr.. Pingree Of Hartford said that the annual sal
airy Of the Secretary OF Civil and Military Aaalrs
was S3s5 when Mr.. Sade accepted that position and
that that correct construction Of law would prohibit
the Increase Of compensation while the person Is in
Office; and similar construction OF the law would
| prohibit our diminishing tho salary He
! admitted that the Legislature of 1870 had the
! right 10 decrease the uay Of the successor of Mr.
Slade but they had no right 10 make the law appl-
cable to Mr.. Slade who had been in office some two
| months when tho law was passed. lie insisted that
Mr.. Sade had right to continue in Ofice and to
claim the salary Of $1,000 fol the first year and one
half the biennial salary was his due for the second
year making IN all s6oOOO that he was entitled To
receive for the two years service lie has received
SiNO0, leaving now his due $4,000, which he claim
ed justly due TO sr. Slade. and We should now
giNo II TO him, and on the question he demanded the
| yeas and nays.
Slr Hehafd said that the other State officers we're
elected By the Gonertl Assembly, while Mr. Slade
| was appointed BY the Governor. II the theory Of
the gentleman from Hartford was correct, Mr. Slade
was as much appointed % his Office for two years
was the Gov ernur, and his argument would give Mr.
Slade the salary Of $1,000 per year under the old
/ law which would leave q balance now his due Of
] $500, instead Of tho sum the gentleman now pro
posed. As to the claim that the salary had been de-
creased did not decrease the salary but in effect
increased il, giving him $1,000 for his term Of Office
] ",
being principally performed in year.
Mr.. BoyntOn Of Woodstock, SAID that instead
OF gaining light on This matter he was getting
still farther in the dark. Both sides claimed
to be arguing their points under the law but there
is evidently difference OF opinion even among lesal
gentlemen, as % the construction OF the law. For
himself he did not know how 10 vote.
Mr. Ballou Of Burlington. said that the law As
passed in l-ln, made one half tho salary due and
payable on the rising oi the Legislature, which was
some days before the law went into effect and the
committee looked The matter as equitable in
giving Mr.. Sade So.
Mr.. Field Of Springfield said he had made incu.rv
and found that the other officers were paid under the
law o: lsso and he believed the Secretary OF Civil
and Military Afairs should be paid under the same
law.
Mr. Pingree Of Hartford. said tIat there was si5o
due 70 Mr. Slade justly as there wls dollar due
to any officer Of the House.
Mr. Mattisou Of Shaitsburv. lsgurDl tho grusnfi-
mcnt proposed by the committee
Mr. sherman Of Dover, fully agreed with the -eu-
t;eman rom chelsea and said precedent was In ilyor
OF the gh Of the Legislature 20 raise reduce the
salary u any officer ot the state, aud that the ecr
tdry %; Civil and Military Affairs should be paid
under the old law up 70 the time Il tuok effect max
ing the amenimsnt proposed hy Mr., Hebari just
and equitable.
Mr. Miles % Albany said that the officer by con.
tnuing in Office virtually accepted the new salary
and could claim no more than pro rata under tie
old law and the salary as fixed hy the new law
after u went into effect.
MI DAVIS OF Reading opposed the amend
ment proposed BY the gentleman from
nothing due, and he asked Mr.. Hebard to
withdraw his amendment 50 that the ques-
tion may be taken on the amendment. as
proposed by the committee. 10 indicate
whether the Houet were in favor Of paving
Mr.. Slade anything.
Mr.. fiebard then by unanimous consent.
withdrew his proposal of amendment. and
the question recurring on the amendment
as proposed by the committee il was disa-
greed TO.
Mr.. Davis of Reading. then moved that
the bill be dismissed and on that ques-
ton
Mr.. Pingree Of Hartford. demanded the
yeas ndnays, which We're taken-Ayes l25.
NAYS 50.
- the motion % dismiss WAS agreed to.
RpOrfS-Fr0m committee on corporntions
IN favor OF H. 2O2, to incorporate the Grand
View Mountain Hotel Company; third
reading ordered.
From committee on grand list, in favor Of
H. l17, to legalize the quinquenniai grand
list Of Iopsham 4; third reading ordered.
Mr.. Pitkin Of Montpelier, called up H. ,.
relating to interest
On inquiry of Mr. Butterfieid. of vii
mlngton, Mr.. Munson of Manchester, said
the report was majority report.
MT. Huiterield said he was opposed 10 the law as
% now stands on the statute books hut that money
should be governed by the same laws of demand and
supply as governed all other commodities. Il we
pass a Law liking price beyond which -four should
not be sold II would have the same effect in time Of
searty, to drive all Hour of the State and the
people would have o. 20 cut of the State for -four
purchase oi dealers IN the State in violation of law
80 i is With money, the supply and demand must
regulate it. price. Every Shyl0ck was in favor of
the law il stands because il creates A sarct.
o. money, and enables them TO get their and 10 per
cent, on whatever they have To loan Our citizens
send their money 10 Massachusetts, TO loan, because
there the law was favorable and we are going 10
Massachusetts and hiring that same money and pay
lns brokers for tTausacting the business lie said
that an parties IN Massachuseit-5oth the lender
and the bOrruWer-Were satisfied with the law In
that State, and he hoped this State would follow the
example OF Massachusetts
Mr.. Nhitcomb Of Ludlow said he asked the pas
sage ol this bill as borrower and not n a lender
believing that those who are not engaged ndeyelor
nS the resources Of the state would DO benefited
anu IN that II would create home market for farm
products i would benefit the farmers. The nearer
together we can bring the producers and consumers
the greater the benefit 70 both and he believed this
bill would tend 10 just that condition Of afar- Men
can afford to pay larger rate Of interest than sx
per cent, and We should allow them 10 nav il and
not restrict them. lie agreed with Mr. Butteried /
that the price OF money should be regulated by the
supply and demand. There are times when there Is I
a strlnsency IN the money market and We
should allow men 20 90 into the market and hire !
IL at Us current value and not oppress the laborug
class, by stopping the mechanical and Industrial oc
cupatons of the state. lie deprecated tho efforts
that had been made 70 array capital against labor I
a the two should work together perfect harmony
lie believed this bill in the interest of bank
ers and brokers. but will commend itself ts All I
classes and tend % the advancement Of the best in
morals.
Mr.. Ormsbee of Brandon did not agree with the /
gentlemen as to the effect of this bill the propri.
ETY. OF its passage. lie said that money was the /
standard Of all values, while other commodities were
perishable and must often change hands The money
changers have Il in their power TO lock up money in
their chests, until thcy create such scarcity as will
raise Its price beyond the reach Of the poorer classes
"a IA ffaHH HfHrH q. 10.
modities lie said that the money lenders were the
ones most des:rOus Of the passage OF this act As 10
the claim that this law drives money out Of the |
state, he believed that that slate Of affairs was |
attributable TO the law which required the town /
clerk to notify the town clerk Of neiborn town of
all mortgage held iz the first town bv citizens nr
the second town Men would send their money cnt I
oi the State to escape taxation, and that was a
stronger incentive than the fact that six per cent
was the extent Of legal interest that could be Z
taken He did not believe this law was de-
manded by the money borrowers and he he I
heNed that tw0-thtrds of the money now bOr- J
Towed IN vermont was at six per cent interest
and there is no call for any change Pass this law
and the door is opened as wide as though we take
II on rs hinges 1t Is well established rule that the
man OF money has the advantage Of the man who |
has no money and We should not help to increase |
that advantage by passing this law. If then cur
landed securities are bearing only six per cent in
terest, and all parties satisfied with that rate
there is no call for Il change
Mr. Carpenter OF Charleston. had to deal with t!,is
matter as a man who had for thirty years been a
anu lht NE experience proved that there
Is higher law than the Statutes Of Vermont. We |
have been compelled to agree to pay higher rate
Of interest than six per cent, and have paid it. /
some men have agreed to pay it and then have re-
pudiated their contracts before we restrict those Of
Us who have to pay larger rate and are ready and
wiling TO pay H. lie was in favor Of this bill and
hoped il would become law.
Mr. Boyee Of Barre, was opposed to this bill as |
tending TO oppress the laboring classes and tend
ing TO disturb the present contracts and securities
and should not be favored by the Legislature
Mr., Child Of Wallingiord, referred to the law ex-
empting manufacturers from taxation, as tending to
develop the interests Of the State and believed that
should do all in our power 10 deyeop the resour
ces of the State to enable to compete with other
States. He favored this bill because he believed 1t
in the future we should be able to lend money at
less than we now do.
Pending the question on the third reading .
of this bill, on motion of Mr. Ide of Barnett, I