Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1906-10-11

thar the whole clerical side OF the audi
tors once be put upon the bsst up-te.dats
business principles.
Governor Proctor gives rsasons for the
revision of our general corporation laws
in order TO guard against the extension OF
special privileges and exemption from
proper restriction, and the time OF the
Legislature, nov so largely devoted TO the
consideration OF private and special cor
poration measured, can then be devoted 70
ublic business.
In the same manner the governor be-
lieyes there should be . general law for
the organization OF savings banks and
trust companies, permitting the voluntary
organization OF the same in propar cases
upon compliance with the provisions OF
the law aud payment OF the necessary
capital.
A recommendation which will probably
attract more attention than any other -
that in relation to an increase In the tax
paid by the railroads into the state treas
ury. II Is shown that railroads pay q
smaller tax in Vermont than in any other
New England state, and asserted that
while il should be the policy OF Vermont
TO treat our railroad corporations fairly
and with every consideration, they should
be made to bear their fair share OF the
burden OF taxation.
Another important Recommendation is
that those national banks which conduct
savings departments be subjected to some
act OF legislation which will cause them to
bear taxation ON such deposits equally
with other savings deposits. IL such de-
posits can not be taxed directly by the
state the governor recommends that pro-
vision be made for requiring national
banks TO disclose the names OF their saw
ings depositors and the amounts OF such
deposits in order that they may. be prop
erly taxed in their respective towns.
Unless some solution OF the problem OF
double taxation can be reached directly
Gov. Proctor recommends that provision
be made for the creation OF q strong
representative commission which shall
not only take up the question OF double
taxation but shall also give 1t thorough
research and study, with ample provision
OF the means therefor.
Gov. Proctor makes various practical
| recommendations in relation to good
roads. He is opposed to the bonding
system with fixed interest charge, as
poor business management for our state,
which has small income. He thinks
one Of the first steps to be taken is to
provide for more complete and rigid
! supervision. In the expenditure OF the
f, highway fund he would aim at two i'm
portant results: First to procure its ex-
penditure in accordance with the best
scientific methods, and secondly, TO have
these sections OF permanent road so
located that in the end they will form
continuous lines of permanent highway.
] He would also have any town making a
special appropriation for permanent high
way work receive an allowance from the
general funds OF the state for this purpose.
The message contains an interesting
chapter devoted to the subject of auto
mobiles. 1t is recommended that during
the transition period when horses are
becoming accustomed to automobiles in
our state, the use Of autos be prohibited
on some OF the narrow hill roads, where
the passing OF team and automobile is
impossible without great danger. 1t is
also recommended that a license fee be
required for machines from outside the
state and that rules of the road be changed
SO as to guard against thoughtlessness in
the operation OF machines on our higa-
ways.
Gov. Proctor recommends the gradual
adjustment OF grade crossings on the
I railroads of the state, and he gives the de-
tails OF plan which he would like to see
adopted in that connection.