Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1904-11-03

lied under chapter los of Vermont stat
ues.
~. San act laying a tax on Lamoille
lcounty.
READ THIRD TIME AND PASSED.
, II %--Rcpoaliny act e5 of acts of 1902,
relating TO fishing with hook and line in
Lake Champaign
H. 40-Rclnting to fishing. Making close
season for black bass and limiting ca;ch
thereof.
H. 9o-Approprinting $4,000 in support
OF Soldiers Home.
Dunmorc Mr.. Silsby of Newbury ex.
planned the bill.
H. 1os-Rclating TO employment Of per-
sons by sergeant-at.a arms
5. 12-riving collectors Of taxes in cities
and villages the right to deduct a PEI
cent when paid before a certain time
as directed by vote
DISCUSSION OVEvR SAVINGS BANK
DEPOSITS
II. 5S-Reducing amount of savings de-
post exempt from 5000 to $1,000, was
adv, rsely reported by the committee on
ways and means.
Mr.. Waite of Hyde Park favored the
hill, believing large sum of money
avoids its proper share of the tax bur
den under the present system. 1t is COM
mon for deposits to be divided among
members OF family so that the whole
escapes. The average tax rate in the
state is l59N per cent II is not fair To-
either classcs OF property TO exempt as
much as t2,n". The savings hanks and
trust couranics arc the worst trust
Vermont has to face.
Mr.. Proctor of Proctor said that consid-
( ering conditions as They were money IN
savings banks pays on the average as
large q tax as 10 per cent. as other per
sondl property against which many of .
sets are allowed. II would be impOS able
to convert the bank deposits into prop
crtN that could be reached for taxation
Under our system of corporation taxc,
tho whole expense of the state is borne
without direct tax, which would ccr-
tainly he necessary If the savings exemp-
ton were lowered About s6c.,r or
nearly one. half of the whole receipts Of
the corpora ton taxes, come from savings
| banks.
Mr.. O'sulllvan Of ST. Adams city he
! licvcd the present system more conducive
to morals than an attempt To tax do
posts dire city would be- With it's reslilt-
ant OF perjury. and also more lucrative
to the State.
! Mr.. Waite did not approve Of the idea
/ that because some people would commit
perjury, there should be no law. To-day.
on account Of the savings banks. the old
method of loaning between noighbors has
been done away with Savings banks have
thrved under tho system. but borrowers
have not.
| Mr.. Blanchard of Newport believed in
the indirect method of raising revenue,
as productive of better results and less
friction than the direct method 4 little
Investigation had proved to the speaker
ducod $1,000 that amount would be trans
fcrrcd to local tax lists. On the contrary.
he said money is 50 Intangible that il
that those who had surplus in savings
banks above the exemption were women
and persons who might become the prey
lof sharpers if not encouraged TO deposit
in banks.
MIR Dart Of Springfield denied the as.
sumption that If the exemption were re-
cannot be taxed to any extent It would
fly away altogether. He cautioned against
moddling with the corporation tax sys-
tenn which works so we'll
Mr. Nutting of Westminster said that
the local list in his town had increased
since the banks exemption was increa scd
The bin was killed OH a viva vocc
vote.
KILLED
:, 600
- ,. '''s''""F I'd" I'D
,, r.,,,
blanks
i,,. go. Wv" SIAM
,t,.as O.. WI sur
which he introduc,d !, ro,,,,iras ,,,', ,,.,,,,,
Juror 70 mako oath that h. b,s f,,i,, -,
vostigatcd before making complaint. The
speaker spoke of the careless habit of
grand Jurors in making complaint ana
causing people trouble unnecessarily. He
cited several instances of the kind
Mr. Fits for the judiciary committee
said the bill added nothing particularly
To the present statute Tho grand juror
must now state that III has investigated
Tho special dollar foe is contrary to OK
listing practice. Third reading was re-
fused.
II. le5-T.owcring legal interest rate to
u per cent
town ciGhs.
H. 21l-Eonds Of municipal officers t.
be provided at expense of town
Reference of H. 1j5. making SUNDAY
IA clos" hunting season, was changed
from judiciary 10 joint committee on