Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-03-09
MAINE LEGISLATURE.
..-ekvENTv-sEcoND SESSION.
SENATE.

dent.
Prayer by the Rev. Mr.. Kearney Of
Augusta.
Journal of yesterday read and APP
proved.
| Papers from the House disposed of
in concurrence.
| The following bills and resolves came
from the House:
| An Act to authorize the town of Me-
chanic Falls to acquire certain proper
| ties and rights of the Mechanic Falls
| Manufacturing Company.
All Act for the protection Of fish in
| Dead. Baily and Levenseller brooks in
the towns of Brooks and Waldo in the
county of Waldo.
| An Act to change the name of the
Dover Gas Light Company.
| There also came from the House:
| Resolve in favor of Ida YeatOn. Wild
ow of the late John Yeaton of the 3rd
Maine Cavalry.
| Resolve i'm favor of the town of Chel-
sea-
| Resolve in favor Of the town of
Fafn,ingdale.
| Resolve in favor of the town of
Litchfield,
Resolve in favor of the town of Vas
salboro,
Resolve in favor Of the town of Vi
emma,
Resolve in favor of the town of
Wayne.
Resolve in favor of the town of West
Gardiner.
| Resolve in favor Of the town of
China.
| The House insisted upon its action
and joined in the committee of confer
ence. with reference to the foregoing
acts and resolves.
Bill. AN Act to amend section 2,
chapter 4S of the revised statutes re-
lating to private banking" came from
the House, referred by that branch TO
the committee on banks and banking.
| Mr.. IRVING of AroOStoOk Mr.
President. | beg the indulgence of the
Senate this morning to offer very brief
ly a history of the subject matter COW
cred by the foregoing Act. Early in
the session an order was passed by the
Senate mstructing the Committee on
Banks and Banking TO inquire into the
expediency of enacting Il law to re-
strict. regulate or prohibit private
l
hearing was held. and the matter was
entered into extensively by the parties
interested in the measure. The COM
mittee took the matter into private and
executive session, and after discussing
it it was finally tabled pending fur
Their information and investigation. A
| bill known to the Committee rs the
"Shaw Bill was presented by the Sem
| @ L,
ton of the matter into which the COM
mittee We're instructed to inquire; and
as we believed meeting with the APP
prevail of the promoters of the order
and the private bankers who would be
| affected by the measure. The bill was
given Il passage. During the discus
SION of this bill the subject of private
banking was again discussed by pri-
waite bankers throughout the State and
| by members OF different banks in diff
| ferent parts of the State: and ii was
| agreed by them at that hearing that
| this very materially protected the pub
| lie from the dangers to which it was
exposed by the individuals who may
have and could come into the State and
open q sO-c;lled bank. and defraud the
| people.
The committee report Ought to
pass" on that bill, and unanimously
voted that Iesisla tion was meXpedient
or the order placed before them.
record was ma lie of that vote. and n
member of the committee was instruc-
ted to so report it back to the Legis
lature One week passed. and the re-
Tort was not made In the session
yesterday afternoon, upon inquiry as to
why the report was not made, it was
stated by a iIaElber of that committee
that he had thought that the subject
had not been sufficiently considered;
consequently the report was not made.
Even now. after tn, express order Of
that committee to nave that report
come into this body. or tho body across
the way. it has not yet appeared, and
in place of that comes this bill. which
deprives the private banker from TAX
ing interest bearing deposits. What is
more dangerous, very dangerous. it
provides n penalty OF 1000, for doing
so. half of when shall go to the COM
plainant. What more dangerous legis-
lation could possibly be conceived than
this?
Now in the face of these facts, and
" I'LL TIE dSSIlEsI'lCt sIlttl ~ NdS III ODtlI
committee. a:tcg deliberate and careful
consideration. that they unanimously
seven in number-voteI Legislation
ineXpedient" on the matter this bill
relates to.
move you. sir that this bill be in
definitely postponed.
Mr.. GARDNER of PenObscot. Mr.
President: ] have listened carefully to
the Senator fiom Aroostook, and in
order to vote intellIgently l wish to
ask him a question if HI will permit |
me. 1t may h. a somewhat pointed |
question, but Il hinges on certain
methods which have been in vogue.
Am | led to understand that some in
6uence outside of :ht committee, in
stead of member Of your committee |
was Instrumental in Withholding this |
bill from its introduction into this |
Senate after the committee reported? |
want to know i'm order that may
vote intelligently.
Mr. IRVING. Mr.. President; III
would state that I can only answer