Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-03-07


alumni sentiment that should push the
boundaries Of the ms titution. that will
enable its friends to rally. ami in s,.mc
systematic manner do Snmcthir : Year hy
| year FOR its support Instead ur coming
here to the Legislature of the State and
| asking for funds which we ave not able
constitutionu!ly or otherwise 10 give
| them. tApplauscl.
| Mr.. PATTANGAIL of M chias: Mr.
| Speaker. | hesitate to weary the House
with any remarks on this subject after
| they have listened SO long. to the gen
| tlemen who have preceded me. ana |
should. | think. say not hing if the
statement of the financia1 condition Of
the state upon which. as / understand
it. all opposition to this resolve is
based. had been n true one; but SO alb
Surd are the statements md estimates
that have been made. ana SO much of
Il panic have they apparently aroused.
not only in this Legislature. but
throughout the State. that had this re
solve been in favor of amy other state
institution | should have felt that it
was the duty of somebody To say some
thing To check the idea that is going
all over the state of Maine that the
State government is going into bank
ruptcy. Take the estimates presented
to this House by your treasurer, the
estimate of the income for the next two
years. estimated at $780, 600. Add to
il the s225 900 which the new taxes. the
increase in business in the State ncCrs-
sarly make. and it gives You $l.955. 0o0
yearly income for the next two years
And in the treaSurcrs estimate Of the
savings banks is put at $4,000 less than
last year. For what reason? | think
no man can tell Keep your savings
bank tax where ii is and You get
81. 9S5, 900 if YOU allow for no increase
in valuation i'll the State, when the
whole State is crying for an increase
in the valuation of timber lands of the
State as a whole. ana with the $1,000
from that source the State Of Maine
would have an income of s. 600 600 a
year for the next two years. And
there is no excuse for any man who
knows anything of the finances of this
State for estimating it at one dollar
less if he attempts to make a fair es-
innate. There is no reason for this cry
of bankruptcy that has gone out.
Now. again. take the treasurcr's esti-
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items which rho law ,ompol: MS to ex-
mend Why. the gross expcndituras Of
The state. compeTcd hy law or other
wise only reached 81 500 200 last wear
land what law. has coma i'm which makes
+bra, ~. fo,,r hundred thousand dollars
1iffera,cao That estimate ~ !, ~ noo
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a,,. IA, THO astin.,t. IN, 1ao1 III
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7 wont 70 Tho -ra,s,,,,ar's offirn myself
ava ,..oa,.,i,ad tbo+ bara,,s,. know
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NOV, III VI uC' 90 Sll'N 'i''I tile state
- DAMN u'I' Tue pay ll''''' W ''dt I'm
i'olHlN IN" I II" ~ i" II "ie - 'ii'
CASH pay lIielitH ~ l'"i' H'H' "''fI
ms 'lla' nan I'i t''t' II - ''~ "i "a
out dS"ili ~ IT, dt'N ,'l"' 'iiI''''
= lhe "he NHiI" TT lil'H tdlA = ~,
bankruptcy 81 'it ''ll' mas p''i "dH''I
ana lile tdIh |" IIle Pie'u ti't't We 'ouId
iI"l take care - ouI Hlatt HlStilull"hS
properly II an oastu "ii d liiIStoiIctp-
''oh "hicii Htd' u" li"ill lIS uli iS III IN
'eflP"t"IS h'iH q ! p'ohheePt' Nou'u.
anu a. rs h"S ~ ~ IT I'i'ttt' -
taxes Ut HlidiIC'' VI WHAT you nave
got 10 raise II Is not common sense |"
say that you nave got g raise $'oonoo
to pay debt OF S3'oooo. 1t seems I"
me that inns Legislature mas peeh I'M
posed upon long enough by Such ms
ltanihS statements ihe state %
MAINE WIN 'He iiI'"iH' lldl VIII pe
Prov ueu' II otItt' dple thah II ever
~