The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1874-02-13
BY TELEGRAPH.
THE STATE CAPITAL.
Especial to Press.l
AUGUSTA. Feb. II.
fThA Dnps al N N uRsIu

AUGUSTA. Feb II.
The Pension Bill.
The following is an abstract of the pension
bill on its passage:-Sec. LIST continues in force
the provisions of the 98th chapter of public
laws of 1873, from December 31st, with certain
exceptions. Sec. I'd, the widow during her
wildwood. orphan children under twelve years
of age, who are partially or totally disabled by
accident or chronic sickness, or the dependent
parent or sister of any soldier or seaman de-
ceased from wounds or injury sustained in the
service while in the line of duty, are entitled to
the same pension as provided in section one,
ana under similar conditions, provided that no
no more than eight dollars per month be paid
any family. Sec. Sd abolishes the Board of
Guardians and transfers the records to the Ad-
jutant General and the funds to the State
Treasurer. Sec. 4th provides that soldiers and
sailors under all circumstances shall have the
right of franchise by receiving aid from town.
The States Prison investigation.
The accountants sent to apprasie the proper
ty of the State Prison, returned this evening
without completing their work, one depart
ment only, that of boo is and Shoes assigned to
Asa Cushman, having been fully appraised.
The Special Committee on State Prison In
vestigaton will commence Tuesday next at two
o'clock in the afternoon, with full power to
send for persons and papers, proposing to
make thorough work.
The Cape Elizabeth Committee.
The Committee on Towns to-day voted to 8,
to give the petitioners to set off part of Cape
Elizabeth to Portland, leave to withdraw The
petitioners are not inclined to withdraw and
| will carry their case to the House.
The minority will present the bill for annexa-
ton, and the impression is that it will secure a
passage.
The Savings Bank Bill.
The Committee on Banks and Banking eff
| fected to-day compromise on the conflicting
views and will report bill embodying the fol-
lowing points: First, to increase taxation one
quarter of one per cent, on the average depos
Its semi annually, to be paid into the State
Treasury for the benefit of the State, This
will make the tax on the gross deposits one per
cent. Second, tot exempt from municipal tax
all deposits excepting such as are invested in
real estate owned by the banks, the tax or
which is to go to the town where the bank is
located and is to be deducted from returns
made to the State. Third, to restrict all invest
ments to United States bonds anu New E. ,
land securities. Fourth, thirty days notice
shall be given the bank by depositors before
drawing, on all sums less than $500, and sixty
| days notice on all sums over $500. Fifth, it
shall be the duty of the treasurers in their re-
ports to the Bank Examiner to give the par
value of securities held and owned by the bank;
also the cost to the bank and what they are
worth in the market Sixth, banks shall de-
vide but three per cent. semi-annualy and the
balence sha | 90 the relief fund. Seventh, cash
iers of savings banks, when the deposits of the
latter amount to over one hundred thousand
dollars, shall not be cashiers of discount banks.
| Eighth, banks shall make no dividends on de.
posits of less than three months standing.