Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1888-10-15
S163,656 "a

liabilities in the sum of S167, 405.96.
This result is more satisfactory when
considered in connection with the
other fact, that during the last bien-
NAL term the amount of state expens-
es has been greater by S166, 250.7O
than that of the last preceding term.
The governor suggests legislation to
enforce the rule requiring court Of
! ficials to account for fines, costs and
other funds belonging to the state.
The report of the inspector of fl
nance in regard to savings banks and
trust companies is referred to as fol-
| lows:
1t should be carefully read by ev-
cry legislator and the recommends
lions therein contained considered in
connection with the reasons upon
which they are founded. Most of
these institutions are in many respects
models of financial management but
if disaster should befall any of them
by reason of too extensive invest
ments in western mortgages, or be-
cause of dividends to depositors larg-
er than prudent management would
dictate, the inspector would not be in
fault.
In this connection permit me to re-
fer to the fact that the aggregate
amount of deposits, less than $500
each, held by the savings banks and
trust companies of this state are tax
ed at the rate of six-tenths of one
per cent per annum, which is about
one-half the average rate of taxation
imposed by law on those classes of
property embraced in the grand list.
1t is probably true that the grand list
does not represent all of the taxable
property in the state, and some of it
may not be listed at its full value,
but whether on this account there
should be such wide difference in
the rate of taxation of the two class
es of property, is question for you
to determine.
Ours is distinctly an agricultural
state, and the general course of leg
islation should be such as to encour-
age the best possible work in devel-
oping this industry. In a general as
sembly, such a large proportion of
which is made up Of farmers, no rec
ommendation of mine can be neces-
sary to inspire legislation in this di-
rection. Permit me to suggest, how
ever, that as large manufactures OPP
crate to produce a home market for
farm products, policy should be
adopted that will encourage their es-
tablishment. We have great natural
advantages, which, as yet, are unde-
veloped and in which the investments
of capital should be encouraged by
all legitimate means.
After referring to the enactment of
the interstate commerce law, the gov
ernor says: "There is widespread
feeling in our state that the provis-
ions of that law concerning the du-
ties and obligations of common car
riers in their relations to individuals
and to the public should be, so far as
is practicable, incorporated into the
statute laws of this state, with prop
er penalties for the enforcement of
the same, and that enlarged power
should be given to the board of rail-
road commissioners in connection
Herewith. If, as is claimed, the
adoption of such provisions will place
all patrons of railroads upon COM
mon footing, remove unjust discrim-
nations wherever they exist, and
serve to allay any feelings of dis
trust, founded or unfounded, now
entertained toward this class of cor
porations, and, on the other hand,
work no injustice to the classes to
which they are made to apply; moth
ing better could be desired in legisla-
ton. The proposition meets my APP
prevail
On the subject of Schools the
governor says:
That the present district system
contain serious defects cannot be
doubted; that the common schools
have failed. in the character of their
work, to keep abreast with the pro-
gress of the times, is admitted by all
observant people. New methods
have been proposed and discussed;
the town system has been perfected
and offered to the people, only to be
rejected, and to-day we stand in the
position occupied ten years ago, with
the district system in force in nearly
dlI GIlC lOWHS I'll IIC oCStIO, ohllhHAOf0
ed and full of glazing faults.
Recognizing the necessity of solv-
ing this problem intelligently, the
General Assembly of 1886 enacted
law entitled San act appointing a
committee of three to draft a new ed
ueational bill, so as to increase the
efficiency and improve the public
schools of the state," under which
committee, consisting of Hon. Loves
land Munson of Manchester, Presi-
dent Ezra Brainerd of Middlebury
College and Principal S. w. Landon
of the Burlington High School, was
appointed. These gentlemen entered
the work with enthusiasm, and have
devoted much time and energy to the
study of the question and in devising
a remedy for the evils found to exist.
+ The result of their work will be laid
! before YOU at an early day: SPACE