The Barre daily times. (Barre, Vt.) 1897-1959, 1910-12-08
That's the Prospect in the
Senate at Present
is REPORTED FAV0RABLY
Idea of Final Adjournment of the Legis'
lature Is Fast Being Lost in Belief
That an holiday Session
viii Be Required.

The Senate bill which proposed to cut
down the tax on savings deposits IN say.
irgs banks and trust companies and ma
tonal banks from flo of one per cent
to u of one per cent. is not likely to
pass, although it has been reported ia
vorably by the committee on banks
The bill came up yesterday, and when
the committee was questioned by SEN
ator Gordon the fact was developed that
although the decrease in the tax would
cut down the revenue TO the state, the
banks expected to raise their interest
rate to four per cent. and thus attract
enough more deposits to more than make
up the decrease. As matter of fact,
If there were no increase in deposits the
change proposed by the bill would mean
loss to the state of over Sl55,0O0 an
nually, to offset which would require sew
eral millions more in deposits. In 1906,
when the law limiting the amount that
could be deposited in a savings bank
exempt from taxation was amended SO
that $1,000 that was in any or every
bank in the state was exempt, it was
thought that it would so largely increase
deposits that the state would be a large
gamer. The change brought the state
in about $4,000, and this fact is con-
sidered to have some bearing on what
would happen if this Senate bill should
become law.
The idea of final adjournment before
Christmas seems to have been pretty
much given up. The progress this week
in disposing OF business has been slow,
bn trauAav1axr
over two hours discussing a measure to
allow towns to vote to have the road
commissioners appointed by the select
men, it about put an end to any linger-
ing idea that anyone might have had
of getting through before the holidays.
With only Is more working days left
it seems an impossibility, even if night
sessions were resorted to, for with the
amount OF committee work remaining
this would not help matters any,
The bill to change the shire town OF
Essex county from Guildhall to Brighton
is pretty sure to be reported adversely
by the committee on town lines. At
the hearing held on the bill, only three
Of the thirteen towns in the county fa-
yored the change, and the committee is
not disposed to recommend any change
unless it is satisfied that a majority Of
the people Of the county demand ii.
There seems to be little doubt but what
there are better facilities for holding
court at Island Pond than at Guildhall
and the trouble comes from the mac.
feasibility OF Island Pond to the ten
towns that oppose the change Then,
too there is a feeling in the rest of the
county that there is too much of pre-
ponderance OF Grand Trunk interests II,
Island Pond to make it healthy place
in which to hold the court in which so
much railroad litigation is tried
A neat dodge was tried in the House
yesterday. when the bill granting the
right to the Champlain Realty company
to run logs in the Ottaquechee rive,
came up with an adverse report. An
amendment was at once proposed, which
strikes out all after the enacting clause
in the bill and substitutes practically
what was struck out, but in little
different language This comes pretty
near violating one of the House rules
and will probably not serve to save
the bill If this bill is killed, the com
pany viii not probably make an attempt
to push another bill granting it similar
rights on the Mad river
The Senate and House committees on
railroads will be taken to Brattleboro
next Tuesday, to look over the situation
there with reference to the charter asked
for by the Boston & Maine road to build
from Brattlebro to South Vernon. The
Central Vermont road viii provide
special train. which viii leave Mont
pelier about o'clock, returning the
same day