Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1903-03-21

water contract is nearly as bad as the
lighting. Twenty-Five hundred dollars
wear. They have only 175 inmates
| AT the Reform School we have 15o
and we pay $3.50. Gentlemen, appear
to you to right these wrongs. We are
here for that purpose. We are mere
representing the people, and let US be
true and represent them as we should
1t is simply an outrage; and 1 am at
loss to know why such contracts are
entered into by men on the part OF
the State who are sworn to protect our
interests. AS Republicans, we must be
consistent, and true men. Me must
stand for right and justice, and Knox
county will be Republican, and our
mutual friend the senator from Knox,
Mr.. Staples, will be proclaiming the
Republican doctrine from the hill tops.
(Applause)
Mr.. BUCK of Hancock: Mr.. Presi-
dent the prison is now using about
400 lights, and four arc lights. The
contract was made by act of the Leg
islature, and the contract provided that
the prison inspector and electric light
company We're to have access to the
meter, and We're to pay for what cleo
tricity and current they used, the price
being 20 cents. At the present time
they have reduced it to IL cents in
the face and eyes of the contract.
That is what makes the discrepancy
| between the $500 and the amount act
ually paid.
Under Rule IS, the resolve was re-
ferred to the committee on appropria-
lions and financial affairs.
Mr.. Stetson of Penobscot, submitted
| the following order: Ordered, that
when the Senate and House adjourn,
the House concurring, they adjourn to
meet on Saturday, March 81, 1903, at
$50 A. NJ, which was passed, and sent
down for concurrence. The order was
subsequently returned to the Senate
non-concurred in by the House, and
on the same senator's motion was in
definitely postponed. .-
The committee of conference on the
part of the Senate, on Resolve in IA
for of Matthias Culnan of Belfast, re-
ported that they We're unable to agree
with the conferees on the part of the
House, and recommended that the
Senate adhere to it's action. On mo-
ton by Mr.. Goodwin of Somerset, the
report was accepted; and on further
motion by the same senator, the Sem
ate adhered.
Bill, An Act to amend Chapter ESQ,
Public Laws of 1901. relating to tax
alton of Understanding deposits in
trust and banking companies, came up
by assignment, was read a second time,
and passed to be engrossed.
An Actsto amend Chapter 46 of the
Revised Statutes of 1883 came up by
assignment, the pending question be-
ing upon the acceptance of the report
of the committee. Mr.. Goodwin of Som
erset, moved to substitute the bill for
the report.
Mr. Goodwin of Somerset: Mr..
President, / wish to take the time of
the Senate for few moments to ex-
plain the provisions of this bill. 1t
has been reported back from the COM
mittee on judiciary unanimously, ought
not to pass. l presume all of the sem
ators have been talked to more or less
by corporation lawyers in regard to this
bill. This bill is designed to protect
minority stockholders in corporations
1t is not aimed at your public-service
corpora tons. 1t is not aimed at your
banks. Those corporations already fur
nish annual statements to their stock
holders. Many of your public service
corporations are required to make their
returns to the officials at the State
House, and you have them in the rail-
road commissioners report, the insur-
ance commissioners report, and other
reports. This bill is aimed at those
corporations where a majority of the
stock is held by stockholders who will
not give to the minority stockholders
information in regard to the assests
and liabilities of the corporation. That
is, Mr.. President, if own stock in
corporation and am a minority stock
holder, holding, perhaps, thousand
dollars worth of stock, and the cor
poration is capitalized at 100000, and
one man owns 60 per cent. of the stock.
or two or three own that amount they
can so control the affairs of the cor