The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1911-02-11
The Taxation FIGHT.

The legislature OF 1910 was not able
to accomplish very much along the
line of improvement in taxation sys-
TEN, that will be a benefit to the peo-
pie of Vermont, for as a matter OF
fact, what the legislature did do will
surely be further detriment to the
small towns and rural Communities Of
the state
But It is not the fault of the legis-
lature that sothing was accomplished
for House bill 81 providing for a fiat
rate on intangibes passed both
branches of the legislature and was
vetoed by the Governor in the last
hour of the session when there was
no possible chance to save II. The
House Immediately passed 1t over
the Governors veto. as far as num-
bers were concerned, but the Speaker
ruled that two-thirds of the members
must be present, and the Speaker was
probably right, so that the people, the
state at large. were deprived OF this
progressive measure on account of
the absence of twenty-eight members
OF the House. What excuse or
justification the Governor could have
had in turning down this bill which
was just what the legislature wanted
and what the people need, with
emphasis on the people) can only be
given properly and correctly by him,
but according TO the message sent
back to the house with the veto, his
excuse was that the bill conillcted
with HIIso bill 80, which removed
the linn On the deposit and savings
banks and trust companies and
further that 1t was too late in the
serrl n to pass bill of so great i'm
lpol lance.
Now In our humble opinion that is
a great misrepresentation. House bill
800 did remove the $4,000 limit on
savings banks deposits, but not
until II was amended in the House by
Mr.. Miller, the Gentleman from
Bethel, and 1t never would have
passed the House with the limit
removed II there had been more oppor
tunlty to consider Il carefully, for the
people of Vermont are we'll aware o.
the deplorable condition OF affairs
that UtN utth NduntN W hiioMihb Wv
banks to pick up all the loose money
in the rural districts, pile It up IL
their vaults and send II out to de
velop the west. Judging from the ef
feet of the present law, with the limi
taken off entirely, the rural commun
tiles will be stripped OF all inancla
assistance, farms will be abandoned
and the young men will simply iiocl
to the cities and out OF the state. Il
that what the friends of bill 600 want
to promote enough revenue for thu
State. to avoid a direct tax and sal
out the very life and existence Of th'
small towns and rural communities
But the excuse that it was too late
, In the session to pass so important
measure is amusing when we stol
and consider that 600, OF the creates
Importance. to provide revenue 70
the administration OF the State wal
passed the last day OF the session an,
signed the last hour OF the session
on Sunday morning. and II Il ha'
; been discussed and the member
realized what effect the bill woull
have, by taking off the $4,000 liml
In banks, II would never have reache,
the Governor. The Governor, vi
believe, made n great mistake I'm no
. signing the bill for n fiat rate OF
intangibles, giving to the individual
the same chance to loan money as tn
blanks, reducing the rate OF interes