Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1881-03-02

through the influence of the Deputy Secreta-
~ of State at that time, Sawyer, prevalieu
upon the Secretary of the Board OF Agrlcui-
tnre TO give them these abstracts 10 print
This work if it belonged to any one IN do.
was work for Sprague, Owen Nash. out as
the law had been repealed which au-
thorized this printing of the abstracts
II was an unauthorized piece
of work ON their part The council have IN
yestigated the claim Of Pillsbury Co care
fully and find that nothing in equity or IN law
belongs TO them. (The report OF the conheli
was read by the Secretary at the request Oh
the Senator. This report has been previonS-
ly published in this paper Further re1err-
ing to the testimony of the investigating
Committee we find that the Secretary OF the
Board of Agriculture testified that at the re-
quest of Deputy Secretary Sawyer, he made
up these abstracts. Instead however of binding
them in the usual manner. with the regular
report they were. bound in a separate volume,
thus increasing the expense and enlarging the
work They did this work in direct oppo-
sition to the instructions of the statutes and
their claims should not be granted.
Mr. HILL of Penobscot asked whether or
not it had been customary for one printer to
do the work that was left over by the State
printers of the previous years:
Mr.. PARcHER said If the work was to be
done by any one it should have been done by
Sprague Owen & Nash, but law Of
March g. 1879, prohibited the printing OF
these abstracts by anybody. And should
anyone print them they could not legally
collect pay for their work.
Mr.. LOCKE said: In answer to the senator
from Penobscot (Hiln he would state AS he was
a member of the legislature that enacted the
law of 1879, that it was the intention of that
law and it is so stated that the law author
izing the printing of these agricultural alb
stracts should be repealed. No man of either
political party had any doubts about
the construction of this act. 1t was
to be no more of these abstracts.
and this was occasioned by the feeling of
economy which caused the legislature that
year to cut down every department and to
retrench on all sides the expenses of the
State. And now in the face of that law if we
grant the demands of the claimants for labor
which they were never authorized to do, we
shall simply make them IA gift of that amount.
They went forward in defiance of the law
without any grounds whatever for their de-
mands and it would be wrong and unjust to
grant them.
The motion to substitute the minority re-
port for the report of the majority on these
claims was rejected by unanimous vote.
The maturity report of the committee re-
fusing the claims of f. f. Pillsbury & Co .
was then accepted.
The second assignment for the day was
then taken up. San act to amend sec. 10.
chap. 2ls of the public laws of 1877. relating
to savings banks.
Mr.. BIsBEE. said upon inquiry he found
1 Ill
to the passage of this bill. Some desired
that it should be adopted while others
thought it would be an unwise measure.
He himself thought that such legislation was
entirely uncalled for. Further the amend
ment which was offered the other day did
not cover the question that was then discussed,
and he hoped that it would not be adopted.
Ii it was rejected he would offer IN amend
ment so that the extra dividend. coming from
this reserve fund. would be divided pro rata
among all depositors for the time they had
their money invested.
Mr. DINGLEY said: The bill was framed
for the protection of depositors of
limited means, and not to benefit the capital
ist. He considered it very desirable for the
interest of the banks that this bill should
pass vet he himself had no personal interest
in the matter.
Mr.. LOCKE ssid; 1t was impossible at the
present time to secure more than per cent
interest on money and banks could not afford
to pay higher rates. The financiers of Port
land were all agreed as to that part of the bill
which cut the dividends down to per cent
per annum, and the only point on which they
disagreed was on the increase of the
reserve. There was some difference of
opinion as to what that increase should be-
MANY IF thpp1 bpwpyar tba in,
crease to ten per cent. The depositors are
generally poor people, who place their saw
ings in the banks not for a time but for
years. Year after year they add to this sum
| and so any advantage that might come from
this extra dividend they will secure it. 1t is
the capitalist who places his money in these
banks for a short time, and it is nothing more
than right that money should remain six
months before it receives any interest
Mr.. PATTANCALL said He did not think
there any need of this legislation. not
outstanding that tinanciers of Portland rec
commended it. No depositors had come and
asked for this enactment. He thought that
the rates of interest in the future would be
higher than now, and that if the legislature
were exceedingly anxious to do something for
TIE depositors they should remove the tax on
those benks.
WI 'fNNiN"S sdlu : ne advantages OF TINS
bill were so apparent that he thought there
could be no opposition to it. What was in
tended by 1t was to add to the securities so
that the poor depositorS might never be com
PEELED to take seventy cents on a dollar in
the future. He thought the tendency was to
lower rates of interest No country
in the world was increasing in
wealth so rapidly ours and none
had greater prospects. Tie was anxious
that the bill should pass
Mr.. PATTTANGALL said: He was glad to
hear of the cheerful views which the senator
from PcnobScot (Jennings) took of the future
of this country. they were in such marked
contrast to those which he had expressed oniy
few months before.
| On motion of Mr.. EMERY the bill was laid
on the table.
READ AND ASSIGNED.
An act relating to practice in the Supreme
Court an act to authorize James A. Creigh.
ton and his assigns to plant. propagate and
preserve oysters in the waters of Georges
river and tributary streams an act to amend
! the charter of the Godfrey Falls Dam Co.
an act to amend chap. l5s of the private law
of 1879 relating to the charter of the city of
Calais.
PASSED TO BE ENGRossED
Act to amend an act entitled an
act to incorporate the Palmer and Machias-
port Railroad Co, and the acts amendatory
thereof: an act to incorporate the Twin Lead
and Hecla Mining and Smelling Co. of Blue
hill, Maine; an act relating 10 the taking of
Fl sh in Nonara Pond in ia