The Portland daily press., 1901-01-25

must get the logs ous BY the 18th. want
the river. then.' -
"ownsd itf' asked Mr.. Bradley.
ssweii, ne didn't say be owned it. He
said he wanted It," and both sides Joined
In the laugh.
Hon, Charles y. Libby called at this
time because he was about 10 go away,
testified 70 the difficulty experienced by
Mr.. Goodrich in getting his boat through
the pulp wood last summer. MIR. Libby
was on the steamer with party OF New
York gentlemen.
Josiah l.. Muroh, foreman for Mr.. ID. +.
Smith, corrohorated the testimony OF that
gentleman. MIR. Murch said that be
thought the bill would ruin the lumber
INDUSTRY, aud in support Of that 90 nten-
ton told OF cases where the logs, which
had been hung up in the spring. had been
driven after heavy rains late in the sum
mer.
MIR. @. E. wescott OF North Gorhsm
and MIR. Geo. IA. Gu innings OF Harrison
also testified In the same line. The ooun-
sci then presented brief arguments and
the case was closed. The COMMITTEES voted
to report adversely on the proposition re-
lating 90 the driving OF logs. The matter
of the Apr opriation was deferred for one
week.
The judiciary committee had several
hearings Thursday afternoon, none being
OF great In portance. No opposition de-
velopsd on any OF the matters heard
The committee voted to report ought TO
mass ON the bill changing the time OF
holding the sessions of the Supreme Ju-
dicsal court for Oxford county and aeoi-
ishing the May term; ought TO pass ON
the bill amending and extending the
charter of the Strong Water company;
ought 10 pass on the bill allowing the
Compress AIR company OF Massachusetts,
10 acquire shares of capital stock OF other
corporations; ought to pass ON the Dill
authorizing the building Of bridge be-
tween the town Of Eden and Bar or Pineo
island. The matter of making optional
with towns the time Of holding the an
nual town meeting was tabled for action
later.
The committee on banks and banking
had q hearing on the recommendation
made by the examiner that loan and
building associations be allowed by law
to make loans at less than 6 per cent
per annum. MIR. Timberleke explained
TO the committee his raas ons for making
she recommendation. As money can be
obtained ut q cheaper rate OF interest else
where, the associations or many Of them,
want the privilege of making loans at a
cheaper rate than they are now allowed
| by law. Seventeen associations were
represented at the hearing. and OF thsss
Is were in favor OF the proposed change
and two against it. The two opposing
| asro stations were the CASIO and Port
land, 10th of Portland, represented by
Secretary j. Il. Chute, and Treasurer
Seth L. LarrAbes. Ex-senator Reynolds
of Portland, president OF the Maine
League or Loan and Building ascot
ations, SPOKE In favor OF the change,
and was 10 10 we'd by Representative Allan
OF Portland and Barrett Potter OF Bru MS
wick, both officers OF associations. No &C
tion was taken by the committee.
The legal affairs committee had
| number of hearings, keeping 1t busy
all the afternoon, but took no action on
any Of the measures considefsd
Harvey ID. Eaton OF Waterville favored,
and A. l.. TaIhos Of Lewiston opposed
the bill allowing the names of grandfather
TO be appended TO the Tag during politi
cal campaigns.
| The taxation committee met at the
room of The state assessors, this evening
and considered the matter Of the taxa
ton of express. There was good at.
tendance and much interest was mani
tested in the remarks J. S. Julier OF
Now York, general manager Of the
American Express company, who was
the chief speaker of the evening. Mr.
] ulien protested against any increase
and brought iu support OF his protest an
array of figures which was most impress
sive. He held that in no state Is the tax
on express companies so heavy as in
Maine, 1t amounting here to fully rs pei
cent of the net receipts. The total OF
| the Maine tax is about half that of The
great state of New York. Mr.. Julier ex-
planned at length the financial standing
of the company and declared that an in
creased tax in Maine, could only mean
higher express charges.
| In the course of his remarks MIR. JuiieI
said; The IDEA. however, as TO the profit
ableness Of the express business, Is very
erroneous. The fact lie that our business Il
handled at a very small margin OF profit
in fact SO small that at times 1t Is diff
cult to determine wnsthsr we are run
ming at profit or at loss ana 1t is only
by tine strictest economy that we are aba
TO save Few cents out of each dollar
| which we earn This statement will be
made more clear when 1 say that for ten
| years for each dollar that we earned we
spent "a 7-lD cents to get st, leaving III
clear but five and three-tenths cents, 90
that 1t Is easily demonstrated that hall
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