Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1876-08-16

fun all other manufacturing corporations and have
~ such rrgetts aud different mode substituted esemi-
ine NE .tos entirely iog taSaiion am unable 10 's'
fsctgTnr SCALES or other rursry ior market nal no. w
law Of taxation OF the Stock other property " mnnni
e S.ims :. NO. ", a,d p,9e g .h3ud
~ .ni,i~ 10 ~ and can come to no other r'on MN
thAi is special smni eNempnr the stosk 81 ih'
uon from TAXATION unjust 10 other manuiarinrns eoi
l"a,ion. and uthct ias-fwyets unwi-, AMI s,'"as ,
rIece'ieni Of siesia legislation VI d"hs'f"" nv" INV
/ therefore return The hin. without the executive an
P'"'''' !" '' HOUSE III "n''" " '''5'''t ISABEL PICK.
That the general law might be in con
formity with the act Of incorporation in re-
gard 10 taxation, on the same day they
caused 10 be introduced 10y Mr.. Blodgett, the
person who introduced the act of incor-
poraiion, a compromise hill Of the follow.
ing tenor
sSceS , ' dS6 9g saog ' .ns.i in ba .a.
shall hereafter he taxed to said companies such the same
sicfios N act. and parts Of aris in,onsi.ient with
-'ciion of ihis act are hereby repealed
This act, though urged before the com
mittee by Mr.. Blodgett, was reported against
aud failed to pass the House. The Messrs.
Fairbanks first learned of the veto message
after it had been transmitted to the House
of Representatives, and of the fate OF the
act of incorporation after its defeat in the
House. This was on Saturday. The time
for the adjournment had been fixed for the
next Wednesday morning. But two days
were left in which to procure legislation. Up
to this time the management Of the legisla-
ton desired 10y them had been through Mr..
Blodgett, the representative from St Johns
bury. Mr. Horace Fairbanks came here
before the legislature for the first time, Sat
urday night. Monday and Tuesday he
frankly and honestly stated to members Of
the legislature what legislation the firm
of T.. 4 r. Fairbanks 4 Co. desired aud
why they desired It. The original act Of in
CORPORATION, shorn of the two objectionable
sections by unanimous consent, was intro
duced into the Senate, and was passed, aud
received the sanction Of Governor Peck.
The right of member to introduce hill
into the House had been taken away, but
committees had the right to report 10y bill
WI INV klhll'A ll0As WV w
largest, if not the largest committee Of the
House, at the instance Of Mr.. Fairbanks,
was called together. On being made aware
that the general law subjected all incorpor-
ated companies which located in this state
to manufacture goods that must be perma-
nently removed from the state TO find a
market, TO doubie dratioa, that committee re-
ported a Till amending the general law. AZ
ter a thorough examination, and receiving
an immateral amendment, the bill was
passed and received the approval of the Gov
ernor. That bill we also publish, printing
in italics the addition thereby made to the
law as it was before the passage of the act
The amendment made to the original bill is
the last clause of section one, commencing
with the word provided
ne Asreay enocfedsy me Gec,ui A,,eslig " me stat
NJ lerhoHfs
Of the General Statute, hereby amended 50 rs To read
~ ,.,,,. ,i 5.i,s,a A., ,, s,r,,,,ti,s r ,,,,
pany, shah be- assessed 10 such corporation ~ company Id
pioyed and m assessing Such s5ckRocs for lie stock il
any manufacturing corporation OF company. there sinai
machinery real belonging such corporation
company Gnd ne raias " aHp Other property biOHgHg
eoct vheh MAY b sfaad a. any other nae orc9mtrg
aud vhich had h. iabie 10 and shall be tdref BY sui
other rconnfrVi prcrd,d tdi ~ no case ne raiar
rrefy of'nd, ne ae tJF Sc, ogaln" r. t',,bie Pop
~ ne hn ."de, ihe p'gr,,,ga e. ism ,9 Ito, .
Approved. November a. 1874.
The law, before the passage of this act
subjected to single taxation the property o
manufacturing companies located in thi
state, and to double taxation such propert
when located III other states. 1t wa
taxed here to the stakeholder, aud again t
the stakeholder or corporation in the stat
where it was located. This double taxatio
was what Mr.. Fairbanks objected to, an
sought to have remedied. Its tendency wa
TO keep out and drive from the state u
manufacturing companies which kept the
goods on sale in markets in other states.
We have now given all the legislation
which objection has been made, sought I
be secured by +. & r. Fairbanks x Co., {
Mr.. Horace Fairbanks, with all the materii
facts connected Herewith. We ask OF
readers carefully to examine the Legislation
sought or obtained, with all the accompau
ing circumstances, that they may dctermr
for themselves whether there is auythir
that iustifes any one of the charges mac
by the Argus and Pdbiotg Anything ST
concealed, or that could not he readily unde
stood by a person OF ordinary understanding
ANYTHING fregcberOuS to his fellOw-toWusmel