Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1910-12-08

Of SIS for violation of any of its pro-
visions.
The Senate passed in concurrence bills
permitting railroads to exchange mile
Sees for advertising. amending the proba-
ton law so that any court or supreme
court Judge may discharge a person from
probation or alter or amend the condi-
tions of his probation, protecting musk
rats on Rock river in tIighgate, making
close season on pickerel In Emore
pond, incorporating the Newport. Hard
wick d Montpelier Railroad company
amending the deer law to prevent hunt
Ing deer unless they have horns not less
than three inches In length and fixing
the omen season from November Is to g.
both dates inclusive Sunday excepted, FIX
ing a penalty OF s25 for trespassing on
posted land in addition to the damage
sustained by the owner and providing a
fine of $50 for shooting deer on such post
ed land amending the law making n close
season on different game birds and
amending the law relating to fall SEM
ing in Lake Champlain.
AZ the afternoon session the Senate or
dered to a third reading the bill author
| ling the city Of Burlington to bond to
| aid In the construction of new union
! PASSENGER station.
SEN tTE so Still LIES.
on motion Of Senator Porter of Gale
donia, l. Senator, Pcwelrs amended
hotel bill, was taken up and on motion
of Senator Archibald the bill was further
| ordered TO lie on account of the absence
of Senator Tuttle Of Rutland whom lie
I. ,,,,1 tod
TO nc heard Senator Porter said there
was no special hurry in disposirg of the
| Lii except that II was the first bill in
troduced in the Senate and after a scs-
sion of two months no action had been
taken on IT, Senator Porter. who was
opposed to the original bill is under
stood to favor the bill as now amended.
message Was received from the
Governor announcing that he had signed
S. a. amending the public statutes re-
latinE TO the custcdy of minors s.. g.
amending the public statutes relating 20
chauffeurs' badges and s. &c providing
| for pedestal for the Collamcr statue
Ii. 70, which cuts do~n the number Of
fifth-class licenses that can be granted
Was killed.
>. ~ which cuts down the tax on de-
posits In savings banks ana national
banks from 10 of one per cent. to /.
Of one per cent, was on motion of Sell.
ator Powell ordered to lie and be made
special order for tomorrow. Senator
Gordon raised question about the bill
and Senator Dale explained that the re-
duction in the tax proposed by the bill
was recommended by the State bank
commissioner and many of the banking
men OF the state. 1t WAS thought that
| Ii the tax we're cut down banks would
be dolo TO raisc their interest rates from
! az to four per cent. which would at
tract more than enough deposits to off
| set any loss of revenue to the State
caused by the reelection III the tax
CLAIMS Ir MEANS a Loss.
In an interview with State Treasurer
heavitt he pointed out that the reduc-
tion proposed hy this bill would mean
a loss in revenue to the State of s155.-
OI97S. Nh bcav.tt has prepared fig
treS showing that the 10 of one per
cent tax on savings bank deposits
yielded in 1902 $2S4.G22.73 and this
amount had Increased each year until
In 1903 1t reached $i5' .33O.99. Tie de-
crease of 2-10 of one per cent. as pro-
posed by the bill. on this sum would
amount To s129,SoA.Sl. The law levy
iffs this tax on savings deposits in
national banks went into effect in 1905
ana Welded in that wear from that
source $i0.Slo72. which had increased
i'm the year ending March 81. 1910. to
| S5l,SGf3i and the decrease prcposed
| by the bin would cut this sum down
| by $1l.S1S94. Then figuring the nor
NAL gain in the savings bank tax.
based on the gain from 1905 to 1909.
as $2a.220.6a. the decrease in that
amount and in the normal gain In the
! tax received from the rational banks
would make the total Of $155.O79.7S.
/ which the state stands to lose II the
bill Is passed. Mr.. D"aVitt thinks the
increase in deposits. mentioned by
Senator Dale would not come any
whore near meeting the loss that
would be caused by the decreased tax.
lIe bases this on the experience of the
state in 1906 when the law limiting
the amount Of savings deposits in the
aggregate exempt from taxation to
$4,000 was changed so that two thou
sand was exempt in every bank. at
which time as now there was no limit
to the amount deposited in national
bank that was exempt from taxation.
he increase in deposits only increased
the amount raised by the tax about
$4,000 over the normal increase.
Governor Mead to-day appointed w.
Nj. NJ. DUFF of Montreal. i. a., com
missioner for Vermont for the Domin-
ion Of Canada whose duty It is to
witness documents. take testimony
and the like. Mr., Duff is the present
commissioner ANA is rcappointed for
a term of five years.
At the campfire when is to be held
in Representatives. hall tomorrow
evening. \. s. Fleury of Swanton is
70 deliver his lecture ON Anderson =
Vile prison life.