Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1898-11-03


of Is per cent of the deposits but the trus-
tees shall classify the depositors accord
ing to the character, amount and dura-
ton Of their dealings with the savings
banks and regulate the dividends allowed
co that each deposition shall receive the
same rutHbc proportion of dividends as
others of his class" Section provides
that "a trust company shall not pay its
dcpositcrs more than ia per cent scmi-an-
nually nor its stockholders more than 3
per cent. scmi-annually until 1t has ac-
cumulatcd Il surplus fund which added to
double its capital stock shall equal IL per
cent. of its average deposits to protect
its dcpositCrs and stockholders against
loss After securing this surplus fund of
10 per cent Il savings bank or trust COM
lany can pay Whatever dividends it wish
IS provided it docs rot interfere with
The above surplus.
one nil which has been watched for
with interest will tie introduced to-mor-
row. 1t is a bill for the teorganizatio Of
the Vermont National Guard. The genCr-
al scope of the bill is to allow the re-en-
listmcrt of not exceeding 10 companies.
This viii make two regiments of eight
companies each ana allow brigade forma-
tion. The object IF the hill is to put the
militia of the State Of Vermont upon such
Il basis that when called into action by
the nation or state its efIiccicy will not
be questioned. This bill allows four moro
companies Of infantry than existed befoj -
the war. The new uniforms will be Cni-
ted states campaign or service uniforms.
Tho cNaminati dion under the new bill will
u" as rigid as tina; cor enlistment in the
national service. 1t is said by military
men who have studied it that it is the
hest National Guard bill Vermont has
over had. The guard will be so rcurgan-
lied that 1t Will be subject to whatever
national legislation may he enacted by
Congress regarding militia.
Rutland railroad schemes are progress
irE finely. Two Of those introduced Tues
day Will he reported favorably by the
committee tomorrow but the report on
tn" bill for the extension from Burling-
ton to Alhurg will not he made at this
time.
Cnr Of the warmcst local fights of the
session will he preCipitated tomorrow
when hill changing the town lines of
Hyde Park ana Morrisvilc will he intro
ducct by G. h. Allen. the member from
the former town. The object of the bill
is to bring the depot and cX-Gov. Pages
hide house. some mills and farms along
the railroad track into Hyde Parl; and
make it part Of the village and i'm eN-
change give two farms in another portion
OF the town to MJrristown. The sides will
bc champoucd by eX-Gov Page and Con-
gresham Powers which will give the con-
test something more than a local interest.
The claim of Hyde Park is that it was i'm
possible to place the depot inside the linn
its of their town owing to the physical
formation Of the country. That they paid
for the depot by bonding themselves 10
the extent Of twelve times their grand list
In aid Of tn" road and therefore should
have it, That If Hyde Park could have
the territory contiguous to the railroad
they would he able to induce new indus
tries to locate there by eXcmpting the
property from taxation. They have n fine
electric plant which could furnish cheap
power but they cannot induce firms to set
tie there 10" because they can't exempt
their property from taxation. Norristown
people ara determined the change shall
never To-" made. They claim it Is not "A fair
exchange for them as ii takes away one
of their heaviest tax payers and gives In
return two farms which would rot pay
taxes enough to repair the highways run
ming over them, and that every person
but two and cX-Ciov. Page do not want
the change made. They have rcmon-
STRANGE signed by all the residents except
those mentioned above and a mill owner
against the move and will not allow the
change unless forced to do so.
llOUSE-MORNlNG.
Mr.. Harris Of Bcnn ,ngton offered the fol-
lowing joint resolution. which was unani-
nously adopted on the part of the House:
iNtSplNtl, lbN lnt S'llilt anu House
Representatives. that, whereas, IN the
Providence of God we are called upon to
mourn the death of Hon. Obcd Han. the
representative from the town Of Stamford.
Resolved. That in the death of NJ. Hall
the House Of Representatives has lost "A
worthy. honorcd and respected member,
and the State an exemplary, honest, up
right ana useful citizen. and hereby ten
der to his fnmly and friends our sincere
SVmpathy and condolences
Resolved. That 4 committee consisting
of four members of the House and two
senators he appointed by their respective
presiding officers to accompany the re-
mains of the deceased to his late home in
Stamford.
tered upon the journals of the House an
Senate, and that the clerk of the House
be directed to transmit a certified copy
thereof to the widow of the deceased.
/ Resolved, That IS further mark OF re
spect to the memory of the deceased the
respective Houses do now adjourn to u: b
o'clock tomorrow morning.
The speaker appointed as II committee
from the House MIR. Bond of Sea- sburg
Mr. Ware of Wilmington. Mir. Davis OF
Dover and Mir, Faulkner of Roadsboro.
BILLS INTRODUCED.
II. 100 by Mr. Davis of Mcndon. 10
amend section 4llo ana 4ll2. V. $. CTrustco $
of Savings banks may regulate rate OF di-
Nidcnd 10 dcpoSitors not to exceed IA per
cent semi-annuallO; committee on banks
II. l9l by Mr.. Norton of Waitsncld
amending act Incorporating Montrclic,
and Mad River Valley Traction company;
committee on railroads.
H. 1872 to amend act incorpora ting
Green Mountain Academy, by Mr.. Fuller
Of Cndcrhill; committee on corporations
3 SIGNED
/ H. 4. to amend act Incorporating the
village of Windsor.
H. 6, authorizing fire district No %
Danvilo to fund it's present Indebtedness
on the request Of Mr. Kemp of Mont
pcl,r, II lTG (weckly paymcnts) WAS with
drawn from the committee ON corpora.
lions and referred to the general commit
tee.
Mr. Whitney of Springfield opposed a
petition asking that taxation on Swings
tanks be reduced, which was referred 10
/ the committee on banks.
/ Adjourned,
SENATE-M MORNING.
Devotional exercises by the chaplain and
reading and approval of journal of We'd
nesday.
PASSED.
I S. %, relating TO preservation of fish CAS-
amended this bill gives the fish commits
sioners and owners of private ponds lib
cral rights to take fish for propagation
and allows tn" latter to dispose of fish
tor food purposes from Feb. l to end OF
close season,
s. -, Substitute for S. 24), relating 10
practice of dentistry in this State.
KILLED.
/ s. 80, relating to collateral nheritances
! (Amended existing statute by simply add.