Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-03-11

vas Inc LesisIstsre-nsv nsassses Pre-
pSsed


Pf,dav vas Ash day in tine Maine Legis-
la,ure. The seininx bill vas passed in the
scas,e BY a bigger PseposdeSaHec in it,
f.ver than iIsere vas in shc fIonse sgainss
a The 90 ~ Iaf.ti Ios's,er bill was killed
ia the Horse.
The es,amiisfe On library presented a
Long bill designed To- Increase the uzefsipe.-
81 the state htrsry by saLsfzing tise power
al tie trustees and librarian aad specifying
,hs manner in slsic.s the library shall h.
e,,aduesef. .sn0tts.f thing enlarged by the
hin i. the salary of the iIbrar,an which il
Increased from sisds1 10 $500 An Assist
ant Il provided f9f At salary Of -5spl and
t,,e employment Of document clerk il an-
,borize4. A resolve was presented appro-
nratinz sig@ for decorating tbs State of
Mane building al tipe exposition, conducting
musical and literary exercises and defrsying
other necessary expenses connected sith
The dedication Of said huii1ing and the en-
,er,ainment Of guests on that occasion
Savings Bant Tar Rsports.
The majority and minority reports on the
,sSings bank tar came in yesterday. The
ehangs made in the bill printed in the Jo,R
sal Of March 1th. viii be found in the fol-
loving extract From the average amount
AZ deposits, reserve fund aud undivided
o,oft there shall he deducted an amount
saua to the amount Of United States bonds,
de shares Of corporation stocks such assare
by lss Of this State free from taxation to
he stockholders and the assessed value Of
real estate owned by the bank, Institution
or association. and also amount equal to
one-seyenth Of sach other assets, loans and
Investments ~ appear to have been
required prior to January /, 1898
and also an amount equal to two
,evsnihs Of such other assets, loans
anil investments as appear to be loans to
persons resident or corporations located in
and doing business in this Statcs- public or
private, bonds issued or guaranteed BY cor
roratons located and doing business in this
State, sFveraily made purchased or acquired
SINCE said January ct. and also All amount
equal to iso-sevenths of the cash on han,i
anil cash deposited within this State, upon
the ,slnc Of each Of said franchises 40 as
c.risined the State asse-rors shall assess
an annual tax of sesen-eighths of one per
cent"
The majority report in favor of this bill
.entatives Weeks, I.othrop, Scott, Brackett
ani Roberts.
The bill reported by the minority Of the
committee, Senators IIerrick AMI Swanton
anil Representatives Lana and Bradbury, is
- follows;
Section f. Sec. %, chap. 6. Revised
statutes, as amended by chap. -, public
laws of 1887 /. hereby amended by insert
81, A.
line of said section a. amended the
words land adding thereto 40 much of the
reserve fund of said bank and of the aver
age of its undivided profits for sail six
months as taken together, shall be- in
excess Of two per cent. of its deposits; = and
by inserting after the word deposits in
the line next to the last in said section the
words "asccr,ained by deductions and addi-
tons as aforesaid so that said section shall
read a. follows
See. ~ Every savings hank and institu
ton for savings, Incorporated under the
laws of the State, shall semi-annually
on the last Saturdays of April and
October, make return, signed
and sworn To by its treasurer Of the
average amount of its deposits for the six
months preceding each of sand days, deduct
ing an amount equal to the amount of nj
ted States bonds and shares of corporation
stocks such AS are by law of this State, free
from taxation to the stockholders ami the
value of real estate owned by said bank or
institution. and adding thereto so much of
the reserve fund OF such bank ami of the
average of its undivided profits for said six
months rs taken together shall be in cx-
ross of two per cent. of lis dcpos-
its. Said return shall he made to
the treasurer of State on or be-
fore the second Mondays of MAY and No
,en,her and for wifully making false re-
turn. the corporation treasurer forfelts not
less than $500 nor more than 5000 anil said
treasurer shall pay to the treasurer of state
Tax on amount of ITS deposits of three
fnnrths of one per cent. year on the
amount of It's deposits asrertained by de
auctions and additions as aforesaid rs in
pad returns.
Section Tins ac, shall take effect when
approved.
The committee on judiciary will report n
compromise Hill next week On the Auburn
water question. Just what that report may
h., hawever, they will not say. but do say
thai there won't be two reports from the
committee. 1t is thought by those who
have followed the matter that the committee
viii repor, bill to place both the q and
the company back on the relations that
es,stcd prior To February nth
The judiciary hal hearings an the ,len-
ing of the cape Elizabeth ferry lip at
Portland, aud on the proposition relating tn
ISSUING bonds BY srmonth.
It looked very doubtful hast evening If
there would he aquornm of the Senate
to-day