Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1888-10-12


nection with the reasons upon when they
are founded Most of these institutions are,
in most respects, models OF 1nanclai man
agpment but if disaster should betalI any
of them bv reason OF too extensive invest
ments in Western mortgages, or because
of dividends to depostors larger than pru-
dent management would dictate, the IN
| sDector would not be in fault. lie mas
repeatedly called attention to what he con
ceives TO be a danger, and has lald the re,
sponsibility for action upon the General
Assembly In view of the fact that these
institutions now hold upon deposit nearly
s17 600. 600 of the peoples money, no, de
gree of care in the enactment OF laws
regulating its investment can be TOO
great
In this connection permit me to refer to
the fact that the aggregate amount Oh ue-
posits. less than $500 each, held by the
savings banks and trust companies OF TINS
State are taxed at the rate of six tenths oil
one per cent per annum, which IS ABOUT
one half the average rate OF taxation I'M
posed 10y law on those classes OF properly
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 if may not be listed at its full
value, but whether or this account there
should be such a wide difference III the
rate of taxation of the two classes OF prop
erty, is a question for you TO determine.
BOARD OF AGRlCULI I IKE.
have not been able to examine the re-
port If the board Of agriculture, nor nave
/ any information as to ITS contents or
recommendations. ] am, therefore, able
only to refer to the fact that ours IS dis
tiuctively an agricultural State, and that
the general course of legislation should ne
such as to encourage the best posSIDie
work in developing this industry. In a
General Assembly such large proportion
4, Il nt n NJ
lnendstions of mine can be necessary 10
inspire legislation in this direction. FER
NIT me to suggest however, that as large
manufactures operate to produce nome
market for farm products, a policy should
be adopted that will encourage their eS-
Enlistment. We have great natural al,
vantages which as yet are undeVelopea
and in which the investments OF capt
tai should be encouraged by all legitimate
means.
RAILROADS.
Since the close of the last session OF the
Legislature, the so-called Interstate com
merce law of the United States has been
enacted and put III operation. Inc acI!on
of this law has attracted general attentlOl
and excited great public interest, aud IL l.
thought by those most conversant with
its operation that its principles nave louhu
permanent Judgment in the LEGISLATION oil
the general government. There Is also a
widespread feeling in our State that the
provisions of that law concerning the
duties and obligations of common carriers
in their relations to individuals ana 10 the
public should be, SO far AS Is pracllcaDle'
incorporated into the statute laws OF tnis
Stat, with proper penalties for tne Ell
forcement of the same, and that enlarged
bower should be given to the board Oh
railroad commissioners III connection
Herewith. If as is claimed, the adoption
of such provisions will place all patrons oil
railroads upon common iootlng, remove
unjust determinations wherever they eX-
ist' and serve to allay any feeling OF dis
trust, founded or unfounded, now enter
tanned toward this class OF corporations
and, on the other hand, work no injustice
to the classes to which they are maze &c
apply, nothing better could be desired
in legislation. The proposition meets my
approval
THE BOARD OF RAILROAD COMMISSIONERS
The board of railroad commissioners ha;
prepared an elaborate report concernln :
its work durlng the llrst ~ months vi ~
existence, the perusal OF which cannot lall
TO be both interesting ana Instructive
The board early realized that the law lald
upon it "a broader and more varied lleld OF
service than could be FULLY explored III any
one term or touched upon all It's utlail>
in any one report" and wisely decided mol
to undertake more than it could success
fully accomplish. Much that 1t has done
has been, necessarily, somewhat prellmln
airy in its character, and mas not YET yield'
ed the results that may be expected at .
later time but in the system Oh returns
adopted and the SUPERVISION IL la9 es.ao
lished the board has laid foundation
upon which, in the future, great results
must necessarily rest. On the other hanu
much has been accomplished tnaI cottlu
not have been done in the absence OF the
board The report shows that IN every
ind iXTIn II al
aggrieyed has applied for assistance, Il
speedy hearing has been granted, deter
miuatlon reached, and the railroads nave
uniformly Welded a ready acquiescence In
the recommendations of the board
The recommendations that all railroad
companies be required by law 10 hea'
their passenger coaches by other means
than the use of stoves or furanceS, anu
that the extension of guard rails, or somt
other safety appliance, upon the approach
of all bridges be made compulsory are
based upon facts and conclusions enclteC
by the most palnstaklng lhVeStlR .tI !, Us
the report of which will be read with live
ly interest and satisfaction. All othei
Recommendations contained in the report
!, seem to be based upon well considered
: and well founded reasons, and should no
! be overlooked.
! The record of the past indicates a brlgh
! future of usefulness to this DOaru.
D THE MILITIA.
For information concerning the charac
. ter. condition and needs of the Natona
Z Guard of Vermont, you are referred to tn
=, very interesting report of the adJutant AM
: inspector-general, whose love for the mil
< itary branch of the State government |
only equaled by his efforts 10 advance IT
efficiency. You will carefully note HI
5 suggestions and recommendations, ant
o take such action as shall appear to you 1
j be demanded
= q .TTYSBURG MONUMENTS.
= Il he's not been my fortune thus far t
parlici pate in the work of patriotism an
f gratitude for concentrating Vernon
: valor at Gettysburg, but, having dee
:. interest in 1t, desire to speak approving
q lv of the recommendations of the retirln
a executive.
= Vermont has never been wanting /
n devotion to her soldiers and believe it
e the desire of all her people that this worl
q shall go on to completion in such a man
!. ner as to reflect the most credit on tn
q State. This is one of the subjects upo
u which expense, within reasonable limit.
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