Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1910-12-08
DANDY BEATS MT. TABOR.
Bill Taking Slice Of Former Town
withdrawn at Hearing.

Montpelier. Dec The long DELAYED
Dandy and Mount Tabor town line fight
was taken up this evening IN hearing
before the committee on the town lines.
The line IL changed as claimed by Mount
Tabor will take a slice out of the village
OF DANNY that for 100 years has been
regarded as n portion Of that town. In
this little strip are two churches, an
assembly hall and IL dwellings and tha
line as Mount Tabor would have 1t run
passes directly through three Of these
houses. As the tax rate In Mount Tabor
sometimes runs as high as $40 while in
Dandy 1t Is now Sill, the residents of this
disputed strip are naturally rot very
eager for the change.
r. A. Lawrence of Rutland with dele
cation Of eight residents of Dandy ap-
peared In opposition to the change and
Judge Charles Howe Of Rutland appeared
sor Mount Tabor. Before the hearing
slosed the Mount Tabor bill vas with.
Drawn so the line is left as it is now.
The committee on international affairs,
(Which has the direct primary bills under
consideration, has rea ched the conclusion
that the best thing to dc with them is
30 take the bes: features of the Howe
nnd McCuen bills and draft them into
o. simple bill along the lines of the cleo
ton laws that will stand some show
of passage by the Legislature
The committees on federal relations
held n meeting this evening and agreed
to report the income tax amendment al
versely. Tie committee believes that thi.
source OF revenue should be saved for
the possible needs of the State.
FARMERS DISCUSS BANK BILL.
Montpelier, Dec. The Farmers
club held It's weekly meeting thi.
evening In the cloak room, Represen
tative Bronson Of Hardwicle presiding
/ The Senate bill now under liscussio,
IN that body reducing the bank ia,
from seven tenths of one per cent
was discussed. Mr. Daniels of War
rem opened the discussion and state,
that he did not fully understand tn
Importance of the bill.
F, c, Williams of Newport, Stat
bank commissioner said that Their
was not the need Of this reduction
now as there was six months ago, in
asmuch as rates during that tim
have gone higher because several o
the large insurance companies hav
Withdrawn from farm mortgage In
vestment In the West. And this ha
thrown more money into saving
banks in Vermont. Since the limit /
savings bank was taken off fou
years ago, the deposits in Vernon
have rapidly increased. A bank tina
Is steadily increasing its deposits Ina
hard work to keep up it's surplus an
keep investments good at pa We,
mont banks stayed high, If they ca
Increase their surplus they viii stan
even higher. The trust componie
are not compelled to keep. up a SUI
plus, they DO 1t simply as good bus
Jess management. The bill undt
discussion compels 1t.
The ambitious banks that are payir
Jour per cent. are constantly reachir
but for new business. those that al
paying three and one half per cent. al
content with existing conditions, M
Williams argued that all savings banl
should have at least a 10 per cent, surplu
II we can keep the rate at four per cen
money will continue to come from sourc
outside the State. Six or seven out Of Il
10 savings banks In the State are payir
three and one-half p0y cent. The othe