Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-03-24

, dends almost without Individual ex-
| ceptions, after contributing Sc. 7S0. 600 in
taxes to the State, ana have increased
The market surplus to the extent of
y. .22S.6I The total less to deposit
ors from 1890 on. has been less than
one mill on dollar of aggregate
amount estimated to have been
handled. The gross amount of this
loss in ten years is less than the divi-
dends paid to the depositors for any
one month of the past year.
1t is not becoming 10 boast of the re-
suits thus shown to have been
achieved; but l submit that the
records &c three-fourths Of d century.
and uf the decade just closed, should
be allowed to stand as evidence uf
honest and successful management.
The stock arguments Tor the eXces-
siVo taxes Maine savings banks are
paying are practically limited to two.
The first. that justifying hitting the
head in sight, ana hitting it harder BE-
cause others are experts at lodging.
saVors too strongly of highway rob
berry 10 merit answer. The other. that
the vaults Of our savings banks are tho
repositories If the otherwise idle
money Of those VINO seek IL screen ii
from taxes. is nearly as difficult IL
consider with patience. Eliminate
from the largest deposits those made
during the process of settlement Of as
tates. and those consisting Of trust
funds deposited for frequent or early
Withdrawals. ANA Il number would rr-
.l'''i' Ii1' u'E SuI'l'I'il' 10 prove inc rune
'''''' az 'l,'S',9 'I' SIN an I'"1 sup
relatively large amounts from few so
Shhrt-SlShted ana 80 ignorant Of cundi-
tI"hS aS 70 expect m escape taxation,
sh"uid that idct II IT Is q fact. impair
the strength OF claims for fair play
ana justice, from the 1io.eoo whose ae-
counts represent the penny savings 81
the SchooIp"y, ana the larger accumu-
Iatlons MI others Whlch nave VET ~
ie'ch the SOW marx, or 81 the smaller
huilbeF' VINO by economy ana SELL
denial nave succeeded In building their
deposits somewhat beyond that figure
IL people Of wealth nave Intrusted
their money TO our care from the I'M
worthy motives suggested. they may
be Interested TO know that it required
IN 1899 the combined efforts If all Of tho
assessors of the State to unearth
81 000 in bonds rnon which to law
tax.
These two arguments answered u
far ~ tba,- ,,ari+ ,re,,-.. MI, ,r, ,,.,+
TT N they merit answer We are mel
by the question, common when justice
is demanded ana no raaco, Tor Jar1--
inc, j. :. 81. vi.
rs - i'unH, MT are 3oU SoIHS
to do about it?'
What are we oninor IN IN obn,,t $40
m m n
n,t . 49,, 49,
me taxes nave been increased by
nearly every law enacted for wears. re-
rrardIaee of III, ,,,.o+o-.e ,,,l - -;
80 W 'iic pio'cSts anu III oppoSl-
tloh 10 the eHofts OF those In position
best to fOreshadOW the u0iust and
nnesihly dare,ar,,,. .o.,,1+ II ro1,a,,.
INi' ""ASelouS results " Iollo"'
L would not presume TO question or
criticise the methods nIIrSuad ~ INA
,,-+ ~ ,,,.+. ~ 7:.- ~
Pt7' ~ Pio'e't Jul ucposltoiS from
what We consider the unreasonable de
mards of the State. and il Uou1d NOT
L. =. $500, ~, 49,
~ III Soou TASTE Ior me 70 oi1er recon-
lnendatlOnS or suggest plans; but
have wondered II that corrsa Il;
,,.jsos+ -,.t,;at, 1,. l,c. Till;
"lSSSt NlilcH mas leit tHlS TASK 10 pc
assumed wholly by the savings bank
officials
If ~, boo,, aai,1 that .t 1...:. 49,.
I,.,- -, I'll - - - tHdt me uepoSltoiS
bi MAN. Ply ll,tlt interest," IN
N tti N . Dt .aN.9 ul,oii WHIT PLoprl M
i oiit9 A ttuti m'ay TN snch Ilrk 1t IT,
M n =, 't.l lpu.t! - ldck oI khoWledGe
t %au IL uCtt'lt9. n ~ iJhl!fk1pI {
~. 49, ~ III Ky. t.,Hith!I WIN IL ana
ii,,il - uou"'lu ~ II III etCh Oh me
r,,.in r1rnSa,t H., ny ~ TSn.it-
INV Il' tIlcI ~ a. d u"Htl ltpihe'