Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1878-11-20
Tuesday. November 1oth-senate.

Tuesday, November 10th-Sepate.
Reading OF Scriptures and prayer by the chaplain Jour
Third readihgIl. 2ls act relating the compensa.
ton of town sunerntendens OF education, fixing
diem pay at sl5O passed In concurrence.
Reports From general committee against r. Is,
From same against s. 52 an act IN relation 10 incorpo
mee and replied to by Senator Ieldeni third reading
refused
From same, against $. 49, relation to boating
and bathing In Gilmore Pond on the Sabbath Senators
Beden thought this OF business the leg
fsnT e sh9ad be nPHse o In es s refused
the time for elecng state officers. senator Battel In
ham replied that the bill did not remedy the evil thatit
WAS intended to remedy The Of he bill was good
tnte bill, which would accomplish the emil desired third
Special orde- $685. taxing the deposits of say
ings banks an, and trust eompsni,es -. -,
policy of the state was to encourage the deposits OF small
effect was in the interest Of capital and against The poor
deposlto orr state policy had resulted in the establish
stood the ties. q hard times and remained solvent The
Senator did not believe ne bill would result in any sub
senator PECK argued from figures and statistics that
commissioner Of finance was in favor OF the bill. Other
of New England taxed the deposit. of savings banks
n%% ''e was no reason why We '"O"' not 00~ ''e''
senator DILLINGHAM said he had interest whatever
to by Of the bill and those opposed IT, and
In consideration OF the arguments and he
great doae. as TO a. Mss a:9s lay lie therefore had
committee One OF these inquiries was. Are not some OF
the largest banks in the STATE urging the passage of
' Senator sTEHRNs thought the biz d,cTimnstsd un.
en-, proaiabie business and little trust companies had
suffered along with other banks and extra burdens
hSasi, the people demanded that
s e be- subject 10 aaao1 The pupoe Of spSns
banks was to help the poor man but capitalists took
sya a Of a ss r y laws so as I" escape taxation on
senator oRMsBEE thought that the PIN furnished
heavy taxation by snbecting Their large aeeumulaons
ss PsB Al 3 nat hi not having any special
knowledge on the subject OF finance he cSk his views from
subject. lie read from the report Of the commissioner
senator POWELL said that his rst impression on read.
ing the bill WAS hs, d.crmna,ed unja.,ly against trust
general nature on It's face 1t proposed to provide for equal
and TTa s IT, HS Of ir srona
savings banks IN the state THIS in brief was ground
y here TO urge The passage of h. s , order a the
s% e a"n y san sSse1 o Out A' 'e institutions
senator DYER Thought tina, the discussion Of this bill did
case and ne pncp aPpsass to Ssynss bank,
business but the careless and mproydent who might he
encouraged to save II trust COMPANIES saw ut to do the
why they should not be taxed well other banks In
Ss now ess s, Ts %Ons S surplus %
public burdens. II savings banks saw a, TO do business
they compelled pay proper which be-
Senator BEDEs said he had come to the consideration
Of hls III IKE pupil ready to learn the true NATURE Of
After ns.shig 70 tlle nt-.n,son ne was conitlsh 70
arrive ny we 'lu 'ie ph Wns uuwe ihu ui.
~. n, snou no is hl ma ,, ,'e mao no n,enes.
WusNei W y sn,iss .i.N a'u sius. oipaiy anu was
"necte ~ ~, ru @ ~ ~ p,
senators anu w ~, W., s,nssfu tne oii
IN thNot u W Isge hu oeha.or DaiUi,n against u
IN a. " - e., ~, , XVI ~ , % a. do'ows
@ a 90 Ia, on hs amnnn " he 4,, uus d
IN. & ~ az, ~. W. ~, w !, " anu
aeean'nons h s, amounting 10 ohe-haii OF one per
On motion Of senator MEAD. adjourned
Senate-Afternoon.
u aOs an nct taxing the denoss of savnvs hanks e,r
was isSen M ~ " " ' WV
Senator n ARMS moved To amend the Amendment of
Senator Dwnell by stIkng out lie word accnnnlaons
ami Inserting The word +" capital" disagreed To-
rhs n,esilon REQUIRED 10 the nmendnsnt nronosad hv
sentnf Dvnel ms forenoon Senator Over onnossi ,b
anen,lment Senator Powell moved In amend III amsnd
,nani hy strikinY ont The words and uccumml' Han. .
SENATORS ReIen Powell and Stearns s.d thr
The ,n,rniment 10 The Amendment WAS agreed Ia he
vote OF thirteen 10 twelve ~ e " -
Senn,nr ~ Il snake against the nassa0e NJ ,ba h
, IL I, sh,I mass he hon5Gt tbe amenJent shnmid ha
made " ' " e Wv ~ ~ wv