Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-10-11
STATE HOUSE,
October Corporation Bust
ness Shows Decrease,
Said TO Be Due TO the New
Franchise Tax Law.
Mistaking Horse for Bear Costs
MiIIinocket Man SI44,
STATE HOUSE CALENDAR.
Next Meeting Of Governor and Coun-
Gil Tuesday, Nov. II, at 10 A. M,

\ noticeable feature in connection
with the corporation business of the
State is the falling off of the number
organized during the present month
October is usually Il good month in
tn" corporation business, as the hull
" hich cores during the warm months
or what night be called the vacation
period, il th@n over and all branches OF
business start anew. The number of
C"ro' ratirnS which have been organ
lied III october during the past years
has been nearly as larG,' as that Of any
month of tho year. but 1T the slow rate
at Which they are coming liz ut present
tn" months business will make a
strong bid for the smallest month
business II tn" year.
The Number of corporations organized
i'll the State in October 1906, was 81. but
unless the corporation business takes Il
brace within the next three weeks the
total for the month will fall Tar below
thai rumhcr. The number which had
fled their cert fcatcS % organization at
tie t!,cr nt he secret iry of state III,
to Thursday noon WAS II, tf Whicii
number ole was organized undnr Il
Legs i;ttura.
The decrease in tn" lum!" i of cor
porati"ll; rr@anized during tie present
| month, and which has also nccn appar-
ent during tn" several preceding
months. j.; considered t. bc due To the
change in the franchise tax which wa
brought about by an act of the Ia
Legislature, which while it has not af-
fHcted &1he organization of the smaller
corporations in any way. the tax for
them being the same as it was before
the new legislation was enacted. has
doubled the tax on those of high capt.
taliza tiCn, and will. it is said not emily
be the means Of sending promoters to
other states where the tax On their
corporations will be much less. but viii
also cause many of those who already
have organized and are paying an an
nual tax into the treasury of the State
of Maine to withdraw and go else
where In other words it is claimed
that the effect Of the increased tax Will
reduce the corporation business of the
State, comparatively speaking. to tho
proportions of the business OF a ) and
10 cert store.
The increased cost of conducting cor
pOra items organized under the laws of
the State can be readily seen by q
comparison If the franchise tax us it
was with that as levied by the last
Legislature. both Of which are here
given:
The tax as it was:
Authorized Capital. Franchise Tax
81, 0O1 900 to $4,000. Son
5000 to 5000 600 $1,000
So9G 900 to $500 600 - On
500. 600 to 81 900 coo. .O.O0
Each million or part thereof in
excess of 81. 000, GOO, 300
The tax as it is
Authorized Capital Franchise Tax.
81 600 t., S5000o 500
$50. 600 to 5000. 900. 1000
5000 900 to S500,00Q 5000
$500 600 to 81, 900. 900. $500
Each million or part thereof in
excess of 81 000, 900 5000
The hearing to be held by tn" Board
of Railroad COMMISSIONERS at the Ban
gor House in Bangor. Tuesday fore
noon, Nov. s.. on a petition from tn"
Bangor Railway & Electric Co. asking
the commissioners to determining the
manner and condition of r,pairing and
STRENGTHENING the Orono bridge over
thc-' saltwater branch, will probably
be. the means Of bringing about an
improvement which should have been
made long ago. The bridge in rII"s-
ton is one of the few older structures
of that kind which arc still i'll cXiS-
tcncc. and has long been considered
dangerous The commissioners hIV"
been persistent in their efforts to have
the structure strengthened or replaced
by a modern steel bridge. and have re
commended something Of tn" Kind each
year in their annual report for several
years past.
Tho first case Of mistaken identity rip
in the hunting regions of til" state
comes from Midway where horse was
shot an(: killed Il short time ago by be
ing mistaken for a bear. cha irman
Carleton of the Commission of Inland
Fisheries and Game has received Il let
ter from Gam" Warden F.. w. Ward