Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-03-18

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they seem to be fair representation of the
intelligence of the State, and they seem to be
in harmony with their representatives here in
| the Assembly.
Mr.. Leach can tell you. gentlemen, this
bill is according to the general sentiment OF
the people of the State upon this subject,
and if the Governor should veto this bill there
will be Legislature sent here next session
that will pass law three times worse than
this one.
Mr.. Aldrich-If the savings banks are
wrong and should be disposed of, then legis-
late them out of existence, but don't do it by
| double taxation.
Mr.. Harrison said he had no doubt about
the legality of this bill, and he would lay
down this proposition No man or institution
is twice taxed for the same property. i
Question-Do you mean to say then, that
there is no double assessment?
Answer mean to say that no man or in.
stitution is twice taxed for the same prop
erty. Suppose l were going to build this |
| Capitol, and L went to man and borrowed |
Q million dollars? After the building is |
| done, the Assessor comes around and assesses
the building; that is my property he also as
sesses the note to the man that is his prop |
erty Banks and individuals are on pre-
cisely the same basis. If an individual bor |
rowed SO 600 on the first day of March, and |
|
! bad that money in his pocket, he would be
taxed for the money, and the person making |
| the loan would be taxed also. If the money |
was invested by the borrower in cattle, the |
cattle would be taxed, and the person who held |
the note would also be taxed. If the money |
was for constructing house, the building |
would be taxed and the note also, so that
| banks aad individuals are on precisely the |
| same basis Ii the principle to exempt the |
| har1 I'D MT orlu
all the property in the State, and the pres
ent system of constitutional taxation would |
be annulled. TO exempt the banks would re-
lease at least SOC, 600, GOO from taxation, and |
the sum which they should pay as taxes
would have to be paid upon other property in |
the State
The Governor-Will not this law discrimi-
nate in favor of commercial banks as against |
savings banks?
Answer-No, SIR The law knows no DIFF
ference between them. l may say L have |
had an interest experience in both CONNER
cial and savings banks, and [ tell you this,
that whenever savings bank has n reserve
fund or capital paid in of $500, 600, sthey
are as unlimited in their method
of business as the Nevada Bank, and there
are at least eleven now in the State in that
condition, and if they do not do general
commercial banking business it's only be-
cause they do not choose to do So These
banks get from u to Is per cent. for their
loans, and not more than two-thirds OF this
amount received upon loans ever reaches the
depositors, and the balance is absorbed by the
managers, who have little bank within the
bank, or an inlpe'iuns IN imperio. That's
what these savings banks are doing, and
that's where Mr.. Burr got his 100000 that
he's got laid away
MIR. Aldrich-Thats false-it is not true.
Messrs. DeFremery, McRuse and several
others made replies asked questions in
decidedly pointed manner at this juncture of
his remarks, and without regard to courtesies
or waiting for rounded answers.
The spirit of the discussion was acrimo-
NOUS and at times decidedly ill-natured.
During the delivery of Mr.. Hartson's re-
marks he was frequently interrupted by
questions from the gentlemen representing
the other side. The apology for this was
that the gentlemen from San Francisco de-
sired to return by the afternoon train, and
Mr.. Harrison was occupying all the time.
When Harrison denounced the management
of savings banks in general as dishonest, and
cited the loans made to PinneY in support of
his assertion, Mr.. Aldrich met the state
ments by retorting with the charge of willful
fasehood on the part of the speaker. In the
full tide of Mr.. Hartson's discourse, the par
ties from San Francisco arose and declared
they could not stay longer, and abruptly
taking their leave OF the Governor, they
brought Mr.. Hartson's speech to sudden
and unfinished termination.
ST. PATR1cK's DAY.-Yesterday was st.
Patrick's Day. There was but quiet OBJ
servance of the occasion. At 1890 a. NJ. the |
Ancient Order of HiBernians met at Pioneer
Hall, and under the marshalship of County |
| II ~ I L
st. Rose Church, where large congregation |
was assembled. Mass was celebrated, Rev. |
P. Seaman officiating, and sermon appro-
pirate to the occasion preached by Rev.
Thomas McSweeny. In the evening large
company gathered at the Pavilion to attend
ball given in aid OF the Irish Relief Fund.
The dancing began at $50 o'clock and CON
tiuued through twenty numbers of the pro-
gramme. 1t was an unpretentious affair,
but one evidently heartily enjoyed by all the
! PARTICIPANTS. At intermission supper,
spread by Henry Fisher, was served. There
were no special attractions, and no stands for
| the sale Of articles. The expenses were ex-
ceedingly light. and as the patronage was
good, it was estimated that the ball Melted |
| between $3.50 and $500 fer the relief fund.
| The committees of management, under whom
the ball was satisfactorily conducted, were
Reception-Chris. Green, John +. Sheehan,
John Ryan, james Mcclure, John w. Arm
strong, Terry McMorry, F. a. Horhblower,
| n. H. Nicholl w. j. O'Brien, John j. Clark, |
P. j. Dolan. Floor Committee-H. i. |
! Buckley, P. j. Harvey, d. j. Long, L. q. J.
Riley, P Sheedy, B, Rafferty,, f. d. Ryan.
PERsoNALs.-J. Nj. Walker, President of |
the Chicago, Burlington and Quincy Rail
road, accompanied by his family, went east |
at 8 A. NJ. yesterday on special train. SUI |
perintendent Pratt accompanied him over his
division . j. w. Shaw went east on the !
car California yesterday. The car will re-
ceive d. o. Mills and family at Ogden. -.
Count De Lesseps and daughter passed west |
on the overland yesterday at ga NJ. A num-
Der of French residents met him and greeted |
the eminent engineer cordially. DIR. Mer- |
rift, ex-Mayor of Oakland, who has been in
the city few days, returned home yesterday. |
CoNCERT.-Miss Annis Montague is an
nounced to give a concert in this city Tues |
day evening next Miss Montague was late
prima donna soprano of the Strakosh 1tal- |
ian and the Kellogg & Hess English opera |
companies She will be supported by Charles |
H. Turner, operate tenor; Signora NJ.
Valerga, contralto Charles DUNCAN, San
| Francisco favorite, baritone; and Samuel M
| Fabian, the talented young California plan
ist Tickets for the concert can be secured |
at Jelly's jewelry store, j street. between
Fourth and Fifth. The concert is to take |
place at the Congregational Church.
POLICE CouRr-In the Police Court yes
terday the following business was transacted !:
L. Faure battery, fined $50 and costs Geo.
Eisenmenger, violating runners ordinance,
dismissed; James Francis, vagrancy, dis
missed Pat Hagerty, battery, continued
until the 18th Thomas Gall, vagrancy, fined
$50 and costs John Finley, drunk. dis.
charged James Carey, vagrancy, continued
to 18th Kate Farr, disturbing the peace,
fined 81 80 and costs Bernard Dean, grand
larceny, discharged.
IMPRovEMENT.-W Whittier, Fuller & Co. are
about to tear out the fifty feet of front of the
Orleans Building next north of their ware
rooms and replace it with new iron and
glass front uniform with the new front on the
south put up three months ago. The old
Orleans saloon and billiard rooms in the rear
are to be remodeled and turned into spacious
storerooms, which will be occupied by james
1. Felter & Co.
| PRACTICE SHOOTING The following il the