Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1892-02-09
MASSACHUSETTS, LEGISLATURE.
Possible Contest ConcerninE Savings
Banks and Trust Companies.

BosroN, Feb. 9-In thei, annual report
the savings bank commissioners. In speak
ing OF the danger of the savings bank sys-
TEN, place especial emphasis upon the
opening Of a savings department by ma
tional banks and trust companies. The
commissioners say With regard to trust
companies:
1t has been q governing pr inciple Of ths
statutes ruling the management Of our saw
ings banks that business or commercial risks
Slould be entirely eliminated therefroin. The
TACT Of a trust company maintaining saw
lngs bank department which by the nature OF
Its charter takes all business risks, IL really
that Of savings bank engaged In business
ventures. IL seems to this board that TO allow
q system of savings banks to become estab-
lished, though under the Euise Of q trust COM
psny, is striking sucha dangerous, IL not dis
astrous, blow at the fundamental principle of
the savings bank system that It merits imms-
diate attention and correction.
There Is likely to be an earnest effort Oh
the part of the Lynn Trust company, in
which other trust companies may join, TO
prevent the passage Of a law based upon
the commissioners report, and a very in
teresting contest may come cut Of the
matter before the session Is over.
The committee on taxation considered
an order presented In the house by Repre-
sentative Sawyer, asking that the statute
that no abatement Of taxes be allowed to
a person unless he make application there
for within six months after the date of his
tax bill he changed, and the time limit
made three months. There were no re.
monstrances.
The harbor and land committee took up
the several Cape Cod ship canal questions,
but did nothing further than to make as
signments for hearings
Edwin NJ Chamberin was before the
commi Zee on constitutional amendments
to exT ain his petition for reference 70 the
people for approval or rejection of all leg
islative acts, orders and resolves; also for
the submission to the popular vote of any
proposed law that 5000 citizens unite in
petitioning the enactment of. Mr.. Cham
berlin explained at some length "the
popular initiative and Swiss referendum"
scheme upon which his petition is based.
The petition Of the Quincy Water COM
pany to increase its capital stock and to
take land 70 prevent the pollution of its
water was postponed to Mayo,
In the senate petition was presented
that women may be entitled TO vote for
presidential electors was introduced. The
bill to incorporate the Cape Cod Pilgrim
Memorial association Of Provincetown was
passed.
In tue house the proposition TO reopen
consideration of the redistricting plan
adopted last year was voted down. A
proposition to provide an executive man
sion for the governor on Beacon hill was
introduced. A message from the gov
ernor was received calling attention to a
bill inti reduced in congress ito regulate
the fisheries and other purposes. The
governor says: I'm my Judgment, the
matter is OF such Importance to the CON-
monwealth, and 80 seriously affect. one OF
her great industries, that IL demands your
immediate consideration and action"