News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1904-11-02
Montpelier Letter
CONTINUED from page three.)

lV favored the measure, ana the vote
plainly shows that the farmers had
made up their minds to stand by this
bill. 1t seeps likely that it will pass
the Senate without material opposi-
ton.
IN GENERAL.
Among the bills refused passing are
the following: To repeal the law of
1902 relating to the practice of pharFrI
macy; requiring formula to be at-
tached to package of medicines; all
lowing the killing of deer without
regard to size of horns; relating to
school age and admission of pupils
and to the assessment of county
tax; allowing male citizens of legal
age to vote at elections just prior to
the taking of their lists; allowing
the incorporation of local and indie
pendent charities.
Caucus reform is likely to be look
ed after in some simple direct meas
ure growing out of the deliberations
of the special committee.
The Grout atnti-reciprocity resolu-
ton went through the Senate on
Tuesday after having been ordered
to lie few days until the Senators
conld get acquainted with it.
One bill introduced would give the
railroad commission power to change
railroad tolls if upon hearing it was
deemed proper.
Roadside improvement is getting
considerable attention at this session
and if halt the bills on that subject
get through we shall have some sleek
looking highways. Several of the
smaller towns, which are heavily bur
dened with taxation and have worse
highways and bridges than they can
we'll take care of in the face of floods,
are asking for relief from the State
Treasury.a The last General Assem-
blv W as generous in this regard.
TUESDAYS BUSINESS.
Tuesday was full of very undressing
events, among which was the killing
of the bill reducing savings bank de-
posts from $4,000 to $1,000. Mr..
Waite of Hyde Park favored the bill,
believing a large sum of money avoids
its proper share of the tax burden
under the present system. 1t is COM
mon for deposits to be divided among
members of family so that the en-
tire lot escapes. The average tax
rate in the state is159.75 cents; it is
not fair to other classes of property
to exempt as much as $4,000. The
savings banks and trust companies
are the worst trusts Vermont has
to face.
Mr.. Proctor of Proctor said that
considering the conditions as they
are money in savinge banks pays on
the average as large a tax, ITO OF l
per cent as other personal property
against which MANY offsets are al
lowed. 1t would be impossible to
, convert the bank deposits into prop
erty that might be reached by tax
alton. Under our system OF corpor'
alton taxes the whole expense of the
state is borne without direct tan
which would certainly be necessary
|. if the savings exemption were low
/ cred. About 100000 or nearly one
half of the whole receipts from cor
poration taxes come from saving:
banks.
Mr.. O'Sullivan of St. Adams city
believed the present system more con
ductive to morals than an attemp
to tax the taxpayers directly woult
be, with its resultant OF perjury, anC
> also that it is more lucrative to tn
state.
4 Mr.. Waite Of Hyde Park did no
? approve of the idea that becaus
some people would commit perjury
\ there should be no law; to-day OF
" account of savings banks the oil
y method of loanirg between neighbor
\ has been done away with; saying
u banks have thrived under,the syster
but borrowers have not.
Mr.. Blanchard of Newport believe
3 in the indirect method of raising revt
5 nue. as productive of better result
n and less friction than the direc
method.
- A little investigation has prove
~ to him that those who had surplr
Le in the savings banks above the e.
3, emption sum were women and pc
rt sons who might become the prey
sharpers if not encouraged to depos
70 in the banks.
4 Mr.. Dartt of Springfield denied Il
" assumption that if exemptions we
reduced to $1,000 that amour
Iy would be transferred to the regul;
id tax lists. The bill was killed on
viva voce vote,
Is The bill doubling state highws
4 tax was killed.
The Governor has signed the b