Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1874-11-25
r. PECK, OF Ira, adjourned,


Reports fruB coinnlittees-from committee on
banks In favor of II. l27, an act to incorporate
the Vermont Mortgage Company; read the third
time and passed in concurrence
From special committee IN favor OF III. 21I, An
act for the formation of new county by the
name Of Allen; ordered to lie, and made the
special order Of Tuesday afternoon at half past
two o'clock
From special committee, against H. l6i an act
relating TO the formation OF congressional dis
tricts; third reading refused.
From committee on finance, against H. 39G, an
act providing for the support of the general gov
efnmcnt
From select committee, in favor OF II. 36 an act
laying tax on the county OF Franklin passed In
concurrence.
IRON committee ON finance, as to H. g. an act to
Incorporate the West rawlet Cemetery Associa-
ton; report by substitute bill, which WAS read
the third time and passed
From committee on railroads, in favor Of H.
325 an act 10 incorporate the Deeriied River Rail-
road Company read the third time and passed In
concurrence.
From general committee, in favor Of II. 397, an
act In addition to an act TO incorporate the village
OF Fairhayen; passed In concurrence
From committee on manufactures, IN favor OF
s. l6l, an act relating To the encouragement Of
manufactures.
From general committee, in favor Of II. 3s2, an
act to incorporate the village of Barton; passed in
concurrence
Special or,ier--H 2al, an act in relation To the
taxation Of savings banks and trust companies,
was taken up and the question being shall the
bill he read the third time; Senator Howe, OF
Windham stated that he had been unable to agree
with the ma iorty of the committee in their
port against this bill. lie desired to state n few
iacts which convinced him Of the propriety Of the
bill There is now in the savings banks and
trust companies in the state, So i0i 600 900 ON de-
post on this sum not more than $1,000 In taxes
IL paid This bill proposes to add s2O,OVO To the
annual resources Of the state, without any expense
Of collection and will be AN equal relief TO every
taxpayer Very little money in this state Is taxed,
and the consequence is that the farmers, and az
Of the burdens lie could see no reason why this
immense accumulation Of capital should not he
taxed
Senator WALTON said thai he believed in tax-
ing every dollar Of stock, of bonds, and other
property In the state. lie was aware that there
were great frauds In grand lists and that they
ought TO be remedied. But however much he
might believe In the result which this bill aimed
10 reach yet he felt that It was q step In the dark,
and his opinion was adverse to Z. lie explained
at length the reasons which led him 20 the eonclu-
sion that the bill was inadNisable. The bill Was
further discussed by Senators Howe, Walton, VIII
SON. Of Windsor, kowell, aud parker
ON the question, Shall the bill be read the third
time7 senator Howe demanded the yeas and nays,
which were-yeas ., nays y; Senators Brookins,
Howe Of Rutland, Howe Of Windham, Rowell and
Wynan, voting in the affirmative, and senators
George Henry, aud Reynolds, absent so the third
reading OF the bill was refused.
H. l22 an act 10 place the inmates OF Insane
Asylums under the protection OF the laws, WAS
taken up as q special order, and read the third
time, and on the question shall the bill pass,
senator Howe OF Windham, said he opposed the
bill, not from any personal or selfish interest in
the institution at battleboro, for he had none.
pecuniary or otherwise, but because he felt that
the very existence OF benetcent institution would
be sacrificed by the bill lie discussed the bill in
isRK rorRm PAsrl