Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1897-10-22

ers will be out in the cold. The
Gov. seeks n theory which by
low rate loans idle money NAV
be set to turning the wheels of
industry, and that 1.-The streams
which flow down our mountain
sides" now waste may be uti-
lied. He then shows byillustra-
ton how electrical power now
idle may be made to accomplish
wonders. As another remedy he
would have the state say to the
banks that the seven-tenths of
one per cent. tax now imposed
should be abated on the money
loaned at 31a per cent. on town
and village bonds for the purpose
of developing industrial plants.
Let our readers right in this
town and all over the county
look and see how this directly
affects localinterests. He touches
and finishes the subject by say
ing;
who can say that with a 312
per cent. rate of interest to
towns and villages to develop
power, and with Az per cent.
assured to corporations that
will use the power so developed,
that the question of a combina-
ton of cheap power and cheap
money has not been solved, and
that too. without asking our
good friends, the managers of
our savings banks, to pursue
any course that will not best
subserve their own interests and
welfare, as custodians of the
savings of our people ?"
He shows to the farmer and
manufacturer in the fewest pos
sible words how it is for the in
terest of railway traffic and all
transportation to study the ne
cessities and development ofthose
two classes as the basis on which
their own success depends-to
make them pay where they can
afford it and to treat them liber-
ally where they would otherwise
be excessively burdened; and
that the sagacious traffic mana
gers are really doing it. He
truly says they have seemed to
study my (his) necessities as
though they fully understood
that the development of my bust
ness was the development OF
their own" His conclusion has
the merit of not being capable OF
E abbreviation. He says finally:
THE time is fast passing away
when steam power developed
from coal and wood, can be pro.
duced as cheaply as electrical
power generated by the waters
which are now running to waste
r in Vermont. With this cheaE
power we can combine cheaper
4 meats, vegetables, milk. butter
cheese, poultry, eggs, and othe'
). farm products, as well ascheape'
$ rents, than it is possible for th'
manufacturing states of Massa
chusetts, Rhode Island, and Con
necticut to offer to their opera
= tives. Our higher attitudes Civ
us purer water, purer air, ant
consequently better health anc
greater vigor than can be enjoyed
} by operatives residing in tn,
} lower lands of those states. ,,
5 "The development of electrical
power, now only in its infancy
is certain to revolutionize con
, ditions that have heretofore ex
l listed. 1t is more than probabl,
r that in the near future waite
power now runningl to waste
will be utilized to run cars into
scores of Vermont towns which
l today are destitute of railroad
+ facilities. The press of Vernon
il, can engage in no more gloriou
} service than that of educatin!
: our people touching the advan
= tages we possess. 1t is to TIL
: press that we must look for tn
successful advocacy of sucl
S changes in our laws as will en-
: able us to keep at home the mil
$ lions of dollars which our saw
S ings banks now loan in THETA
West. Today those banks ar
n the ready and convenient vehicl
J. for transporting out of the stat
l. monies which ought to be used
y and which, in my opinion, wit
e liberal legislation, can be as pre-
q ftably and more safely used, i
:, building up and developing HON
# industries. l fully believe tina
we have only to adopt libera
IS and broad-gauged policy
), bring about the much desire
It combination of cheap money
d cheap power, and cheap tran:
n 4 IL L. 4