Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-03-10
MAINE LEGISLATURE.
u.ontinued from Page Two.)

~, nj any sort or description to any
in over j. years of active bust
have never loaned in the total,
oxce.d 5000 OF mortgage on real es-
w. II is incidental and accidental to
-, business. and has been no part Of my
,,,s;nrss in the past, nor is 1t contempt
I'D in the future. l make this per-
ral statement. for these reasons, my
1o ard whole motive in working for
49,. massage of this bill is because
r.stIy consciCntiously. heartily and
.t,arouqhly believe in the measure, and
,|1a,,se / believe it will relieve the deb
lass in this state, the poor man.
an no are struggling to get homes,
a,d "a carry on thair business, from
40 rnil,st burden Of double taxation
pr, might state here briefly that
b,v,. been led to h I'VE an interest in
III. matter. bee aus" 1t has been my
,ri,iegc-I may say-to serve during
.,rce sessions Of the Legislature upon
.ha counittcc on taxation; and for
Va, r.aeou nave had called to my at
.',,ioo many times this question of
,rIfe taxation. The committee OH tax
otion is made up :lot o. men of any
,,.eciaI interest: it is made up of men
in all walks OF life, and the subject
,,a,tpr which comes before that COM
,;,tao je considered as thoroughly. and
-, us great length, and at as protract-
II hearings as those of any committee
~, This LEGISLATURE. | an going to say
tia: no man uDun this ma ority report
&c interested at al personally in this
snb,cct but hey believe in it in the
th,,V believe III =
,beor, is right The committee consider
81 This matter carefully and fully, and
senator i;anlall OF Cumberland, who
was not able. To be with us, heard the
natter fully tWo years ago.
Nav | am going to urge upon this
c..nat,. that thy stand by the ajori-
f. rprort of the comnit-t'e upon taxa
tinn. which should include Senator
LanGall's name. AS | say, we havt
considered the matter carefully and
have heard hearings IpOn this matter
tao years ago.
In r,oIy to the statement of the Sea-
ator lruil southern A"Ccstook, that at
.osc h ;rugs there have appeared on
w wealthy Mcm, | mus take issue. In
f.ct, Mir BASS of the Bangor CONNER
tj1l. a uapcr which has championcd
MANY times; the interests of the poor
nan, and whose business it is to loan
r,npcy upoa rex, cStaI" instead OF in
timber lands. came mere without the
solicitation of any one, mt because he
happened to De her" ana was urged to
argue briefly the mciit5 OF this bill. as
h. has i'll nany other matters; AMI
there were other gentlemen VINO ap-
feared here. who were not wealthy
men OF Portland, but OF the borrowing
class, men Interested in the develop
,nent and uppui!dtlg OF the city Of
Portland, and who have found in car
- Tying out their business that they are
hlmp, cd in securing leans on the
mortgage of real estate. and that the
amount Of monry available for the
purpose of buiiiing 10 the city of Port
land and It's suburbs has been curtail-
ca ON account Gf this uEJust and I'M
fair law when ,iiscriminates as | claim
-tld as | think l can prove to any
man IN this S,late-against the Dor
rowing class and poor man in our
state: and | urge upon the Senators
tcrC to support the majority report, a
report which is cOnSclehtiouSly. care
fully and honestly made, with no pre-
JGdiCc entering into 1t at all, and 10
wealthy man appearing before our
committee to urge the passage of this
bill
There WAS 4 .argc delegation of say
ia%s bank men here. representing the
savings corporations. who came here
prepared to oppose the original draft,
Nhl'h WAS copy of the Massachusetts
liNs. h'otus" orr savings bank laws
~" different, anc, if the bill were pass
ri in tie ori sinai draft ii would work
IN injury To- tn" savings bank interests.
Thtsr gputlrmt'h When they saw that
ti' p;opnncutS of thi.; bill substituted
t"r the original bill IN" present bill.
5, nate 1.b. when WA; without cofpli-
cation. and which boldly. fairly and
honestly. with 10 attempt at subt"r-
fTge, reached the subject matter. those
gentlemen dill not oppose it; and no
'dvingS bank can appear here against
this hill
Now gc;ltIrm.n with t':is statement
of the committee remembered. and how
W" heard the hearings etc, | will tax"
up briefly the argument upon the
merits of this bill.
There are but two original all'i III
tl"nIl onj ctions to the passage of tins
hlli. ard these are: First. that ii cur
tails and cuts off municipal revenue il
'".i.iin sections; and the second OBJ
j"ctiou is that it is an exemption of
IA" wealthy aud loaning class from
tdXalior.
| dispute both these assertions, ana
TANK their promises are not cor
irct. aH! that they do not lead t" q
logic I'll conclusion: and in my feeble
way | shall attempt here. with your
Permission AID indulgence because it
Is ttc. to argue the opposite of these
assc tons.
Now. first upon the matter of cur
'll'l&% municipal revenue: | tax" the
Stand boldly and frankly that even il
III certain sections the passage OF thus
hlli should curtaiI municipal revenue
still the bill should pass notwithstand-
WS that fact. because that added rev
'huc comes from double taxation
lori" by the borrowing class. and by
tie class that can least afford to pa.
added burdens of taxation. | submit
tH the Senators. if it is not an absurd