Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1878-11-22
NOV T. NJ BIER %. 1873.
SIS. FRIDAY MO r N 1 N g

manded that the deposits of both savings
banks and trust companies should be sub
ject to taxation. The purpose of savings
banks was to help the poor man, but capit-
allsts took advantage Of the present laws 30
as to escape taxation on the deposits made .
by them.
Senator Ormsbee thought that the bill .
furnished an open door through which cap |
itallsts could manage 20 escape heavy taxa /
ton by subjectlng their large accumula-
tions to the petty tax provided for in this |
bill.
Senator Ballard said that not having any
special knowledge On the subject Of finance
he took his views from those whose business
it was to inform themselves on the subject
lie read from the report OF the commissioner
Of iinance and spoke in favor of the bill.
Senator Powell. said that his first impress
sion on reading the bill was that 1t dis
eliminated unjustly against trust compa-
MICS But there were objections to the bill
OF Il more general nature. On Its face 1t
proposed to provide for equal and impartial
taxation. In fact il provides Tor no such
thing. The bill had it, birth IN one OF the
oldest and strongest savings banks IN the
state. This, in brief was a ground Tor sus-
piciOn. Savings banks do not send their
representatives here to urge the passage OF
this bill in order that the state may gsin
greater revenue, but that their Institutions
may gain some vantage from it.
Senator Dyer thought that the discussion
of this bill did not neei rhetoric, but
rather statement of the facts OF the
case and the principles applicable to 1t.
Savings banks were established not for cap
ltali>t. and efficient men of business, but Tor
the careless ard improvident, who nigh be
encouraged 10 save. II trust companies saw
fit TO do the general business OF bank of
discount there was no reason why they
| should not be taxed as well u other banks.
| In these companies there was a large amount
of surplus capital which row escaped pay
ing its due proportion OF the public bur
| dens Ii savings banks saw fit to do bust
ness not in accordance with the true pur-
pose Of savings banks, they. too, were com
PEELED to pay the proper tax which belonged
| to surplus capital.
Senator Beden said he had come to the
consideration of this bill like pupil ready
| to learn the true nature OF 1t. After listen
ing to the discussion he was compelled to
| arrive at the conclusion that the bill was
unwise and unjust and should not become a
| law. lie lad no interest whatever in any
| savings bank and trust company and was
affected in his conclusions by no personal
considerations.
Senator'S Parker and King further dis
cussed the bill in favor OF its passage, and
Senator Dapforth against it.
Senator Dwinel proposed an amendment
as follows: The provisions Of this act
shall not apply to ally trust company that
pays tax on the amount 4 the deposits
and Accommodations annually amounting to
one-half Of ore per cent to the United
States"
Adjourned.
| Afternoon.
Ii 3U5. an act taxing the deposits Of Saw
ings banks, etc,
Senator Stearrs moved to amend the
amendment of Senator Dwiuell by striking
out the word accumulatious and insert
ing the word capital" Disagreed TO.
The question required to the amendment
proposed by Senator Dwinell in the fore
noon.
Senator Dyer opposed the amendment.
Senator Powell moved to amend the
amendment BY striking out the words "anC
Accommodations" Senators Belden, Powell
and Stearns discussed the measure. The
amendment to the amendment was agreed
to by vote of l3 to IL.
Senator Powell spoke against the passage
of the bill. but if it should pass he though
the amendment should be made. Further
discussion was had by Senator Ballard
against the amendment and by Senator
Belden in favor of it.
Senator Bsdsn called for the yeas ant
, NAYS on the amendment by Senator DwInel
which were a. follows: yeas IA nays l6
and the amendment was disagreed to.
Senator Deane spoke at some length
against the bill.
Senator Mead favored the bill as meas
l ure for equal taxation.
Senator Orm>bee thought the propose,
. measure opened the door TOR great rascality
, The devil Is in it. Why was it that tn
lobby was full Of representatives OF mOneye'
, institutions on their supplent knees beg
: ging to be taxed ? lie never should pas
such an outrageous bill. Senator Dye
further discussed the bill.
! Senator Belden proposed to amend by pro
yiding that tax of | = Of per cent be I'm
9 posed on all deposits on accumGlatiOns be
y longing to single persons of $3.50 each an
; 81 Of Ter cent en- all other deposits ar
c Accommodations Senator Belden called 10
the yeas and nays which were as follows
4 Yeas 10, nays l. and the amendment wa
c disagreed 10.
{ On the question shall the bill be read tn
! third time, Senator Deane demanded tn
0 yeas and nays which were az follows; Yea
d Senators Arnold. Ballard, Battel, Cushmar
Dunshee, Dyer, Franklin, Gay, King, Mead
Parker. Peck, Ram. Rice, Sowles Webster
Writers - Il. Nays, Senators Belder
Beard>ley, DanfOrth, Deane, Dillingham;
:. Dwinell. Leach, Munson, Ormsbee. Paint
S Powell, Stcarns, Thompson-l3. And tn
} third reading was ordered tomorrow a
ternOon.
Special orders "a. an act in amendmer
Of CHI 81 of . =. the liquor law The que;
ton was upon House proposals OF amend
ment including cider over thirty days oil
within the prohibitions of the act. Hous
PROPOSALS of amendment not cOncurred il
a Sill, an act to repeal sec 10 OF oh u {
J. :, sec 10 OF the statutes provides pena
Al ty for persons found intoxicated |. Senat,
. Ornsbee spoke in favor OF the bIll upon tn
= ground that the administration OF the pre-
/ ent law was very expensive. Senators Mea(
r Ballard and Dyer opposed the bill.
- Senator BattelI favored the existence OF
10 law making intoxicatl0u crime, hl
Al thought the offenders should not be in
y prisoned indefinitely, and 50 proposed a
le amendment to the bill proSiGing Tor a
l. alternative sentence limiting the term OF in
y prisonment to thirty days. Rccommitts
,e for amendment.
IS Senator Belden called up ) pa, an Al
.e appropriating money TO enlarge and IN
Bclden stated the need of the Reform scho
1t room and for more appliances Tor health an
:. comfort.
Senator Ormsbee moved to amend prov
n ding that no sum should be expended und'
= the appropriation previous TO May lSt. 49,
= and then only on the approval o. the Go
10 ernOr.
Senators Ormsbee and Writer'S spoke
a favor OF the amendment. Senator Belde
a. further said that the bill for inquiry into Il
ID management of the reform school was utter
n impracticable at this session, and 80 the
!, could be no objection why any friend OF Il
as school should not vote Tor the bill. III
70 Senator moved that the bill be ordered
=. lie and be made the special order OF to-mo
> row morning.
lr Joint resolution-Relating to the human
IN treatment of animals in transit referred
u Committee on Agriculture, on motion
ut Senator MunsOr-
d. Senator Kicc called up 10, an act in r
ie latiou TO a house of correction, and amen,
:" men;s heretofore proposed read. Amen
mentS agreed to and third reading ORDER
tomorrow morning.
From general committee, against II 81
an act prohibiting pool selling and lJtterie
n third reading refused.
in HOUSE.
TuEspAY Nov. 18th
E,ports-Frum Committee judiciary, In fav
OF n. to amend sec I, chap Is, with propo-
OF amendment by substituting a new sectiun liste
Of section one his IS the hill under which Jul
oi I Pnair will have opportunity 10 apply Tor
To new TRAIL The amendment was agreed to, aud q
II bill was read the third tine and passed ncUneu
r renee with proposal Of amendment.
" Special order-H j9l, establishing the salaries