The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1901-02-23

cent ON the amount OF business done In
the State By foreign banking companies.
The same committee reported the bill
providing that trust ami banking oompa-
MES shall each year set apart ten per cent
Of their net earnings as guaranty fund
until the fund amounts 70 ons-quarter
Of the capital stock. The bill prohibits
the making of loans to the directors and
officers Of such companies until such loans
have been approved by the uirectors and
properly recorded. Such corporations
ara forbidden to make loans taking their
own capital stock as security nor to pur-
chase their own stock unlsss to prevent
loss on a debt previously contracted in
good faith. Trust and banking compa-
MES are forbidden to establish branches
without autho GRITTY from the legislature,
but this does not affect branches already
established.
FOR THE BUFFALO FAIR.
The finance committee today reported
the bill to create Board of Pan-Ameri-
can Managers OF the Pan-American Ex-
position at Buffalo. The commission Is
to consist OF rve residents OF the State
with an allowance OF five dollars day
and actual transportation expenses when
away from home on their duties. They
are to receive no compensation, The
bill appropristes 5000 OF which -. 900
is to be Names contribution to the ex-
pense OF erecting the New England build
ing.
SOUTH PoRTLAND'S CHARTER.
In the south Portland city charter Is a
provision reading:
Neither the Mayor. members OF the
board of aldermen or any officer OF the
city, shall be Interested directly or indi-
reotly, In any contract or agreement to
which the city is party. The provision
shall not apply to local tradesmen fur
nishing supplies in their line TO the city"
Today the legal affairs committee re.
ported the bill which strikes out the seut'
ence relating to local tradesmen.
THE GAS COMPANY.
The bill in reference to the Portland
Gas light company reported today gives 1t
the right to ssll gas within the limits or
the City of Portland for power. cooking
and heating. The new draft in which
TIE bill is reported adds to 1t this pro-
vision: "This act shall not be construed
as giving TO said corporation exclusive
rights in territory where 1t does not now
have such rights under its charter. F."
VETERINARY BILL KILLED.
The Judiciary committee has reported
fought not to pass on the bill in rela-
ton to Veterinary Surgeons.
HOUSE BUSINESS.
Among the new business presented in
the house this morning were the follow
ing measures:
BY Mr.. Allen OF Portland. Remon-
STRANGE of Granville Il. Cloyes and others
against the passage Of the bill to reorga-
nizs the Portland Fire department
BY MIR. Vogell of Castipe an act to
amend section 90, chapter X. s., as
amended by chapter 3 Of Public Laws
of 1885 relating to weirs by inserting AZ
ter the word "weir' In the second line
the words "or wharf,
BY Mr. Kelley of Lewiston. An act to
regulate the acceptance of sureties In
criminal recoRnizanoes.
By Mr.. Eaton of Calais. Act to autho-
rice George IL. Hunt to erect and main
tain wharf into the tide waters of the
st. Croix river In the town of Robin
ston.
BY the same gentleman, an act to ex-
tend the charter OF the SIS. Croix Water
Power Co.
by Mir. Walker of Starks, an act to
amend the school law. Ina act provides
that the state stipend for free high
schools shall be paid on the first day OF
January when paid annually and upon
the first days of January ana July when
paid semi-annually, instead OF June and
December as is now provided. The act
further provides that superintendents
shall make their annual returns before
the first day OF July INSTEAD OF June as
is now the law.
by Mr.. Farnsworth of Pembroke, q
number of petitions in favor OF an in
creased tax on corporations OF the state
by Mr.. Briggs OF Hudson, remon-
strances of George Ii. Smith and AZ 9th
ers OF Corinth, OF +. l.. Harvey and 81
others and of Ii. W. PeAkes and "a 9th.
1 CTS Vi StlstA tCr1Oh again VAC PAoPSSAbAoh
TO build court house in Penobscot ooun-
ty.
| MIR. CHADBOURNE'S PRESENT
Hon. S j. ChAdbourne. deputy seere-
tary OF state, has been presented with n
souvenir OF considerable value. IL is
cane OF splendid Workmanship and of his
torio intsrest. The wood was taken from
the Spanish mAn-of-war Reina Mercedes
and the metal head from the United
states gunboat Raleigh. There are two
OF these Games in existence, the other
being in possession of Hon Cyrus A
Sulloway, member of Congress from New
Hampshire. These canes are the joint
production OF Col. 5, Ii. Pillsbury, mas
ter pattern maker, mir. John Hayes, mas
er machinist, department OF steam engi-
nesring, and MIR. John Grant, quarter
master maohinist, department OF con-