Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1888-11-02

Newport was in his seat all prepared for as
ton, with an expression ON his face such as
he has when "the other fellow" in thVn
trial has about concluded his argun
The expression gradually faded away
Lord Macaulay" Palmer OF Waterbr
in few words begged further delayV
view of the fact that some 20 friends. e
the measure were unavoidably abseN
The pathetic appeal of the gentleman frofvj
Waterbury was effective, and the House
put Off the evil day to Il later date. -.
THE CANAAN ELECTION CASE.
The affidavits introduced by the re specS
tive candidates balloted upon for the office
of town representative, each asking to bS
declared elected and the counter atadavits'
from each side and all the documentary
evidence in the matter, was considered by
the committee on elections this morning
before the House met The committee held
an executive session and came to a conclu
sion In the matter. Chairman Howard
is now engaged making up a report.
EXEMPTION OF PENSIONS FROM TRUSTEE
PROCESS.
Quite discussion arose on the measure
to exempt the pension money of old sold
iers from the trustee process in certain in
stances. This bill was introduced by the
judiciary committee, and proposes to ex-
empt the pension fund from trustee pro-
cess, except debts for necessares for the
pensioner or his family Mr.. Glov-
er of Groton, opposed the bill !;
ae bonsf dsb the
should be held to pay the same, just
as any other funds he might have Mr..
Palmer of Waterbury said the measure
was only int nded to apply to protecting
the old soldier from LAND sharks" who
would get some old, lame, disabled horse
on to him. and trustee his pension money
"a fund which was given him by the
general government for supporting him
self and family. A vote was TAKEN and
before it was announced, Mr.. Phelps of
Westminster dem inded the yeas and nays.
The list was called, resulting in defeat
of the measure by a vote OF l20 yeas to 50
nays.
HORSE RAILROADS.
The railroad committee will hold joint
session next Monday evening to hear the
horse railroad people and their objections
to the reasons now pending to regulate
matters in relation to tracks, etc. The
particular corporation intended to be af.
fected by the bill is the Rutland Horse
Railroad company.
STAT ES ATTORNEYS.
The bill to abolish all fees of States at
torneys and fix certain salary for those
officers will be considered by the joint
committee on court and State expenses in
the Office of the State auditor on Monday
evening, October 30.
OLD MEASURES RESUsCITATED.
Last session, Mr. Barney, the member
from Swanton, introduced bill prohibit
ing the sale of cigarettes to minors. The
bill was killed in the House. This year it
has again made its appearance, and the
deadly cigarette Is in peril.
Another proposed measure killed last
session was one eXacting a provision for the
killing of dogs who have worried sheep.
A few members have evidently come 10
the conclusion that this kind of dog
should be ''abated'' and so measures 10
that end are again coming forword
SAVINGS INSTITUTIONS.
In the hearing before the committees on
banks on House bill 49, in relation to say
ings banks and trust companies, Mr.. Wal
bridge of Concord appeared in behalf of
the measure. He thought $500 was a
small enough amount to exempt. When
the limit of $500 was reached it touched
the pockets of men of wealth and not the
savings of the poor. The tendency of
funds was too much to Western mort
cages and these savings institutions " re
getting to be aids to making profit for the
stockholders rather than institutions for
the encouragement of the savings of the
people. He thought list should be re-
ported from saving banks of depositors in
excess of $500. In many cases, in order
to avoid local taxation man divided up
his sayings among his family in the bank,
putting $500 to his wife and children per-
haps, so that sometimes four or five times
that amount was made exempt by fraud
ulent practice. He thought that trust
companies should pay one per cent taxa
ton.
Inspector of Finance c. s. Page appear.
ed on invitation OF the committee.
Depositors having over $500 deposit was
one in eight. 1t was not largely the
wealthy who had such deposits. 1t Was
the widows, orphans and old people. The
average investor can do better than say
ings banks investments. The proposed
bill would injure the banks and put stor
TO the progress of thrift encouraged by
these institutions
The effect of the reduction in 81 from
$1,000 to $500 was to reduce deposits IL
this State ; 1926, 1855 was the falling off the
first year. III consequence OF the act OF 81
making the amount at which taxation
should begin $500. Under the laws o.
Vermont any lister could inquire of treas
urers of savings banks and ascertain /
any person, to evade the law, had mad
deposits in the name of other members o
his family. The lister could then maxi
up the dishonest taxpayer-depositor'
list accordingly. The Lroposed act was Il
make the taxation for trust companies on
per cent. Mr.. Page thought siX-tenths o
one per cent was as much as these institu
tions could pay as taxation
In inspecting trust companies he ha
found investments made not in accordance
with law; on inquiry he learned 1t wa
investment OF stock. He had made recon
mendations to such inc titutions, and ther
were now none but what were acting Ut
der proper restriction in regard to thei
stock and deposits such as ar
placed upon savings banks in regard I
their deposits. So long as these trus
companies conform to the regulations G
savings banks he did not think a chang
was desirable making higher rate {
taxation for trust companies than for say
ings banks. Mr.. Walbridge asked the IL
spector ii there was not u tendency to 70
much Western loans. Mr. Page said b
thought it was decreasing rather tina