The Portland daily press., 1893-02-01

This mdJbef. InOSe banks repToSeHtetl
$50, 767, 900 of the $b3, 1877, 900 deposited
in the Maine banks. Mr.. Burnham had
supposed the banks were now bearing
their fair share of the public burdens.
Mr. Burnham touched upon some feat
providing for the tax on
deposits and accommodations. He pro
tested against this tax on accumulations,
if those were to include the varying
profit and loss account and the rating
given the banks by the examiner. This
last was something which had grown up
in the practice of bank examiners but
was not required by law, banks them
selves had nothing to do with it. How
near the truth this rating would be in
lime of trouble was problem on trial. You
might as well tax the hope of Salvation
of the members of an evangelical church
as to tax this estimate of banks worth.
Mr.. Burnham said that the banks now
invested as far as possible in Maine
interests but they must have a certain
proportion of their investments in securi-
ties listed in outside markets SO that in
case of trouble they could alize prompt
~. No bank refused to invest on good
Maine real estate. MI. Burnham in
stanced investments of his own bank
in home enterprises. He said that his
friend Bisbee when bank examiner had
the bank investments outside of Ma ne.
Finally, Mr.. Burnham protested against
making the proposed law apply to invest
ments already made.
Lendan G. Titcomb, trustee of
the Augusta bank, also OPP
posed the bill. In his remarks he
instanced the fact that first and last the
Augusta bank had put $18, 000, 900 in for
eign bonds and had lost only $500 in prin-
cipal.
Judge Humphreys, trustee Of the Ban
gor savings bank, protested against the
legislation proposed. He called the dis
elimination against investments outside
the state as fine upon the banks and de-
scribed investments made by his bank,
not for the returns, but to be able to
meet demands made upon the bank in
time of excitement.
Both Messrs. Titcomb and Hum
phreys spoke Of the large proportion of
savings bank depositors who were people
of small resources. This fact was en-
phasized by Mr.. John A. Morrill,, trustee
of the Auburn Savings Bank, who showed
that 100000 of $4,000 savings bank de-
positors in Maine had less than $500 eacn
to their credit,
The hearing at this point was adj
iourned until tomorrow at p. m.
Some of the Grist.
A long list of Lisbon Falls people call
attention to the evils of club rooms
where young men sometimes take a drop
too much. They petition for appropri-
ate legislation.
A 10. Il
gun in an humble way. A petition here
asks that the claiming of the wheels of
heavily loided teams while descending
hills be prohibited.
Some of the business men of the town
Of Bristol ask to be Incorporated as the
Citizens Mutual Fire Insurance Compa-
ny.
Mr.. Bonser's bill to regulate sales by
itinerant vendors was introduced today.
Mr.. Morrill, of Portland presented
bill to amend the law relating to corpo-
rations by ADDING Directors must be
and remain stock lders, except that
member of another corporation, which
owns stock and ,has.sa right to vote there
on, may be director .
An old question comes up in the petit
ton Of J. f. Goldthwaite and 314 others,
for work Jail in York county.
The Bangor General Hospital petitions
for state aid to the extent of $4,000 annu-
ally.
Henry K. Bradbury and others petition
for the incorporation of the Saco River
Railroad Company, the line to extend
from Biddeford to Fryeburg.
The movement for a close time Of five
years on deer in Cumberland and York
counties is growing. Leroy f. Pike and 81
-
Inhabitants school districts 3 and
in Millbridge ask for village charter.
The selectmen OF the town of Dexter
think the state assessors have overvalued
their town and petition for relief.
A bill was introduced today under
which the city of Bangor may build
bridge and dam or either over Kendus-
keag stream.
Elias Milliken, J. Manchester Haynes of
Augusta, John w. Danielson of Prpvi-
dence, Omar Clark of Carratunck, Lewis
Anderson Of Skowhegan, Chas. A. Dean
of Boston and Fred w. Taylor of Madi-
son want to be made the Kennebec Water
Power Company. They want to store
water to be used in time of drought in
various ponds in the vicinity of Moose
head lake and the upper waters of the
Kennebec.
That bill providing that non-residents
of this state who come here to hunt and
fish shall pay a license, was introduced
by Senator Hill today. To hunt deer SIS
license, to hunt wild duck, etc., So, to
fish So or $5 for all privileges, are the
rates.
Senator Seiders. introduced a bill to
amend chapter 1873, R. ST., SO that the
published notice Of all petitions for
pardon and notice to the county attorney
in the county where the case was tried,
shall be given in three weeks prior, and
it provided that the county attorney shall
attend the hearings and the county shall
pay his expenses.
Senator Seiders has presented bill to
amend the law Of 1887, relaeing to i'm
prisonment for debt, SO that q contract
for necessaries may run against the
body.
Senator Swanton of Sagahahoc, intro
duced a bill to amend the charter of the
Maine Water Co. This provides that
whenever this company shall lay and
maintain it's water pipes over the bed Of
the Kennebec river between Bath and
Woolwich, all persons shall be liable
in damages for any injuries done by