The Portland daily press., 1895-02-27

ing' and it shall not hold more than said
TWO sessions unless authorized thereto by
vote of the town or the meeting creating
SAID board, notice of the same shall be given
by posting notices thereof signed by the
town clerk. These notices are to be posted
three days before the session. AT these
meetings the board shall hear all interested
parties and the board shall vote by yea
ana nay vote upon matters referred to it by
the tewn. which action shall be as binding
upon . he town as if voted at sa1u annual
meeting. Provided, however. that any such
board shall not have authority to vote an
appropriation of money exceeding S5O0 for
any one matter, unless town gave special
authority. I he amounts so voted by the
board shall be included by the assessors in
leyy1ng the taxes. = member OF the board
shall vote on any question in which lie is
Interested. The town may refer any matter
10 this boGrl under proper article in its
warrant except raising money Tor support
of schools and for support of She poor, and
| the choosing of town officers. The town
shall fix compe sation of members of such
board not exceeding So day for time EN-
ployed.
Senator Day of Penobscot, introduced an
amendment to the law passed two years ago
relating to Investments of savings banks.
The present law permits savings banks to
invest in electric railway stock where fifty
per cent of the mortgage debt Is paid. The
| amendment would add the words I'm cash"
providing that fifty per cent OF ibis mort
gage debt shall be paid in cash.
The pe7ition OF Joseph ". symonds and
seventy four members Of the Cumberland
County Bar. and of E. @. Ryder and thirty
four members of tile Penobscot County Bar,
came into the Senate asking for the passage
of the resolve for the purchase of Free
mans supplement.
Mr.. Twitchell of Bath, presented today a
bill to amend the general law for The organ
cation of street railways to provide that the
railroad commissioners shall appoint a day
for the hearing upon petition for organi-
cation and that the petitioners shall give
such notice thereof as the commissioners
may deem necessary.
Mr.. Larrabee ted today bill to ex-
tend for two years the charter of the Cum
herland Illuminating company.
LIFE INSURANCE IN MAINE.
Official returns filed with the insurance
commissioner show that the Lowell premium
| companies prospered during 1884, An in
crease in the number and amount of policies
written; in insurance in force and pre-
miums receipts and a decrease III losses and
claims paid.
During the year 1895 the Commercial
Alliance attempted to reinsure the business
of the Maine and New Brunswick and
issued S.l6S policies amounting to S5,365, 1854.
and 1920 of these policies amounting to
| s., 607, 900 were terminated during the year;
Geducting the number ard amount OF
| policies terminated in the Comnercia
| Alliance.fro the business of 1898 there is
| found to be a gain of 1921 policies. q mount
| ing to Sa53. 1896 in the insurance written
during 1894. There has also been gain in
| insurance In force and in premium receipts
| and decrease in the losses and claims
paid. Although the later returns may make
some slight changes in the figures given
| the following is believed to be substantially
correct and will be of interest:
1894 1898