Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1908-12-18

majority. |
FRIDAY morning il Was sgain hrcusht
uP for the ti'Ird reading. again the sub
i.ci Of pg,l"ng-d .iei,ate ~ before. hut
II wsr ;inslI, defeated, owing TO the r.
ioIl- OF lea of ihose oIi-'>ed 10 the
Till, whose REMARKS Mere ss pertinent
and EQUAL 10 some of those in its favor,
ia thought, hut not ia oratory.
The fact il that the hill Sas defeated
because those endorsing il could not
answer satisfactorily the Questions put
| to them by Ames Of Holland, Walker of
Dnnmsrsron, Jones Of Sudbury and |
your own representative. Long speeches
we're made to each question, but 1t Is
generally admitted 10y both sides that !
they did not answer fully questions that
were fair and simple. The sum and
substance OF the whole argument was
that it would advance the rate Of inte'-
est to SO.
illustI atoms were presented by those
in favor OF the bill where the farmer un.
der Ordinary circumstances would be
benefited, or AT least come ont even, 10y
the passage Of the hill, and paying on
his offsets, but they could not make IT
come out right without lowering the
rate of interest to q or go. The above
argument was killed by the question
asking the supporters of the bill to show
that Massachusetts, or any other state in
the Union where such law existed, that
the rate Of Interest WAS less than Yer.
mont furthermore take Canada into
" no tax on money or notes. No at
tempt was made to answer this question,
propounded by your representative
Another question submitted was II a
note secured by mortgage or otherwise
WAS intangible property-generally ad-
mitted Ia be such, this showed at once
that the money man that held note
and mortgage that was disclosed hy of.
sets would only have u pay one-hsli o!
y ico whereas now he has to pay the reg
: uiar tax. This alone pricked the man
- that owed on the mortgage so that lie
- thought he could see the point, and later
il would feel it if offsets were abolished.
l. There are some good features in the
g bill, but the facts found in all the argu
- ment when boiled down are about a,
,s follows:
:. /. That the person losniug none,
: will pay iess percent tax than he now
lpays.
y ,. That he will not disclose his prop
y srty under the small tax, and own tc
l. the fact that he has heeu deirsuding III,
y town ana state for wears and is now will
81 lug to face the law for SO doing.
is 3. That the rate of interest is, anr
always will he. regulated by the supply
and demand of the same without regart
N to taxation.
J. 4. That those in favor Of the bill tr,
n to make it appear that the loan maj
:, can pay Oh twice rs much property as h
does now and still save money.
.. That the rich man will pay iron
= one-fourth to one.half the ler cent OF
e his grand list, and still pay more take
!, to the town because it will make hin
Is honest, and he will therefore give in n,
" honest list. This is hard for MAJ
& With ordinary education to figure out.
d The bill was finally defeated by
J. majority of 81.
d Later the bill was again called up b,
"A Mr.. Williams of Newport, representa-,
Il the minority vote, proposing to have tn
present Joint com mittee on taxation Ell
-, larged by adding thereto two from eacl
"a county, all to be selected from the ma
ia jority side, this enlarged committee t
e frame new bill and present the same t,
I'd the House.
lie iu conclusion will say that this legis
f. 'sture is made up of good Representative,
al men, men who have the ability an,
r. courage to think and act according n
r. they think right. You cannot driv
them with loud talk, nor lead them wit
string, nor buy them with five lolla
lie bill. They think for themselves, am
d are ready to change their vote when it i
a. made clear to them that it is for tn
nc public good to do 40 and not before. i
:, support OF this was talking to-day wit
man that has been in the legislator
, ,ix times, serving in both branches II
- "emarked that he never saw BODY a
= men that were less Influenced by tn
t. opinions of othere and did their ow
al thinking, than the body composing tn
h present legislature. o. T. u.
~
~ 6sadstveet's Weekly Vermont