Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-02-14

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omy the bill might ne justitiablc. but
in its practical working in Il State as
undeNclored IS Maine. II is all wrong
Mr.. Libby opposed particularly the
hnal provisions of the bill and ,hc
great powc" it gives The railroad com
missioners. Nj. Heath offered sab
Stitute BIZ! that COmpclS full publicity
by al quasi public corporations rs re-
CARDS the disposition uf the stock and
bonds and the consideration of the
same. He held that this is all TIL, pro
lection needed by those making; invest
ments.
The only Other matter Of those sched-
uled which the committee found zine
TO hear in the afternoon was the bill
taking from the municipal officers ana
giving to the city council OF Portland
the AUTHORITY over wires. tracks. pipes
etc, in the city streets. (. T. " pod
side. Herbert Dyer and r. ". Murphy,
committc" Of the city government,
explained the reasons for desiring the
change and supported the bill. e. r
Libby ANA ". q. chapman nf Port
land, Spoll" IN opposition to the bill.
Tho legal affars committee had
busy afternoon. though none Of its
hearings We're Of great interest. /; vas
voted to report ought 10 pass On the
bill IlloWiag towns to eject selertmen
T,1 ,,f Ihrta hon.
of the board to retire each year. on
tn" bill authorizing Robert Jordan u
build a wharf into the tide waters Of
New Meadows river in Brunswick. on
the bin amending and extending the
charter Of the Bangor Gas Light 60:
ana % the bill authorizing the | ma
agent 10 dispose of tho States int rest
in Bar island. 1t WAS voted to report
ought not to pass on the bill prCVid-
ing Il bounty for the detection of muir
Gcrers; Oh the bin for the detection of
criminals: ANA on the bin amending
the law relating To forcible entry and
detainer. The matter Of the salaries Of
county officers was deferred to the va
riouS county delegations except that of
Cumberland county sheriff. which was
referred TO the committee of the Judi
Ciary committee.
The committee on banks and bank
ing voted to report ought to pass on
the bill allowing loan and building as
sociations to make loans at rate of
interest not less than per cent. Tn
der the present law they are not al
lowed TO make a loan at less than
per cent. The hearing on the bill re
lating 10 foreign banking companies
was continued to next week.
The committee on military affairs
voted to report ought TO pass on the
bll fixing the amount of clerk hire in
the office of the adjutant general. and
on the bill relative to the retiring of
militia officers after nine years OF SER
vice Leave TO Withdraw was granted
the petitioners who ask that the State
own the local armories and rifle ranges
now owned by the cities and towns.
The resolve for the Bath Orphan Asy-
um and the resolves to reimburse
cities for money paid out on account of
soldiers in the war with Spain. We're
tabled for action later.
The committee on interior waters
NOteN 10 report ought To pass Oh ne
bill authorizing piers, booms and dams
in Sandy stream and tributaries and
Gilman pond and stream in Somerset
county: also on bill extending the
charter and increasing the capital
stock Of the Van Buren, Water 60.
There was also continued hearing
on the bill amending the charter Of
the Wilson Stream Dam 60. for which
| Henry Hudson. Esq. of Guilford. APP
| peared. No action was taken on this
matter and the other hearings adver
tiscd for the day We're postponed.
| The taxation committed vot d Wednes-
day evening to the problem of taxing
corporate franchises. There were three
bills before the committee. all aimed at
those corpora lions organized in this ate
and doing business outside. The estl-
mated income which they woIld bring
4 the State ranged from $4,000 to $15 l0t1
yearly. The Heath bill puts tax of l-2j
of l per cent upon the capital stock is
sued: the Grange bill puts the same tax
mon all capital stock, whether issued or
moi. and the Plummer bill provides for 4
sliding scale of tax. i fixed sum Of each
amount of capitalization. Senator Plum
mer in advocating his measure argued f"r
that system but was willing to accept the
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