Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1877-02-03
SANFORD'S RADICAL CURE
MAINE LEGISLAIU URE.
Senate.

FRIDAY. Feb. .
Prayer by Rev. Mr. EMMoNs of Haloweu.
The journal of yesterday proceedings was read
AMI approved.
Papers from the House disposed of in concur
reEce.
Bill an act additional to chap 80 of the revised
statutes, relating to mlschievous dogs read
once and tabled on motion OF Mr.. WEBB
Is Ill an act to limit municipal indebtedness
which was indefinitely postponed by the Senate,
came from the House, that branch insisting on its
vote giving the resolve passage, and proposing a
committee of confence. The Senate accepted the
proposition and joined on its part Messrs Stevens
of kennebec, White of Hancock and Nash Of
Washington.
Bill an act authorizing towns to elect municipal
officers for term of three years, as county com
mssoners are now elected, came from the House
indefinitely postponed and proposing a committee
of conference The Senate accepted the PROPOSE
lion and joined on its part, Messrs. Woodbury. of
kennebec, Ninlon OF Cumberland and hish of Ok
ford.
Bill an act relating to railroad corpora tions came
from the House indefinitely postponed and pro-
posing a committee of conference. The PROPOSE
ton was accepted, and the Senate Joined its
part, Messrs. Brown of Piscaaquis, Vinton of
Cumberland and Stevens of kennebec.
Bill an act to further amend section 2S Of chap.
Is OF the revised statutes relating to ways, came
up on its passage to be engrosseI.
MIR. kYEs moved to amend so that the act shan Il
any matter wherein their judgment has been re-
versed on appeal within two wears, and spoke in
favor of It's adoption. He thought the bill had
been introduced to hit particular case. 1t was
clear case Of private legislation.
Mr.. PHILLIPS thought that pending actions
would not be affected by the bill if it passed
Mr.. NTSToS took the same view. lie could
not see how that the change proposed in the bill
would affect any case now pending, even n Frank
lin county where the Senator (Kye-) had referred
| IN,
ed The proposed bill simply struck out the word
may" and inserts "shall."
Pending the adoption of the amendment the
bill was tabled.
The consde ration fthe savings bank bin was re-
sumo /, the pending7 Question being the motion
OF MIR. Wheelwright to noIcOncur with the House
IN the adoption OF amendment all. providing for
a State tax of one per cent.
Mr.. LESNoX resumed his argument favoring
one half of one per cent. lie would limit in a
measure the amount a savings bank would take on
collateral security. lie favored the restriction
of dividends to four per cent. and would restrict
banks to six per cent on coilaterals. He spoke of
| the workings of the law. A poor man owning
farm, who Is obliged to raise money, cannot put his
paper on the market, because his name is not
known. The poor man when he goes to the bank
is obliged to mortgage his farm, ard pay the bank
seven and hree-tenths per cent. lie believed this
should not be so. The law looks up the funds of
tue bank, and Obliges poor men who are compelled
to borrow, pay exorbitant rates of interest The
rich man finds no difficulty in getting money of
| the bank without the difficulties experienced by
the poor man. He believed the poor however
should be protected.
The House amendment was rejected and the
bill tabled.
Mr.. THOMPSON presented resolve in favor Of