Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-02-20
HOUSE-AFTERNOON.
BILL KILLED.

BILL KILLED.
H. 5S5.-An act relating to the taxation
of personal property and amending and
repeating certain sections of the public
statutes relating thereto. came up as I'M
finished business. Pending question: Shall
the bill pass?
Mr.. Ripley moved to amend by adding
to Sec. 10, the following: But nothing
| In this act shall be construed as repeating
or amending section go OF the public
statutes" (Section 500 relates to deduc-
lions in assessing stocls), The amend
mcnt was adopted.
Mr.. Flynn of Dorset opposed the bill as
it provides an offset Of so per cent. on
bank stocks and 80 per cent. on personal
property
Mr. Hapgood supported the measure.
Mr. Smith of Worcester had listened in
vain for some word which would show
the bill a measure in the interest of the
common people.
Mr. Comings of Richford supported the
bill. Take this bill a starter and try
lit out for two years. Mr.. Doten of
Pomfret opposed the bill, as the burden
would fall heavier on the poor farmers.
Mr. Crosby of Bratteboro claimed the
bill would shift the tax from those who
could afford to pay to the man who could
ill afford to pay. Sometimes il Is safe
to do nothing, better no new tax law
than one which is an injury TO those who
cannot stand more taxes
Mr. Gleason of Richmond favored the
lbul. Mr. Mcclellan of Plymouth favored
the bill because it abolishes offsets, as
did Mr. Chesley of Sheffield
Mr.. Martin of Bennington claimed the
bill guaranteed offsets instead of abolish
ing them.
Mr. Wright of Nilliston believed the bill
would increase the States revenue $780,
eco annually, because of the taxation OF
intangibles.
Mr. Billings If Woodstock claimed the
taxation question was a local issue, and
he urged every member to vote in the
interest of the city or town he represents.
Mr.. Foote of Cornwall approved the bill
, as it would aid his constituents.
Mr.. Locke of Barton favored the Dill
1t gets rid of the dishonest offset. IN part
at least in Barton, this bill would lower
, the tax rate of Il cents the grand list
being increased.
Mr.. Weld Of Berkshire said MS toWi
would be obliged 10 raise $3.50 more than
at present
on this question, shall the bill pass
Mr. Ryder Of Rockingham called for the
yeas and nays. which were; Yeas y
nays 1870: and the bin was refused
passage.
JOINT RESOI ITtGN ORDERED TO
LIE.
Mr. Batcht lder OF Walllngford offered
a resolution providing for an Adjournment
on Saturday afternoon to meet again OF
: Monday afternoon at ten o'clock oroer'
> ed TO lie
READ THIRD TIME AND PASSED IN
CONCURRENCE.
S. 9lS.-To incorporate the city Bank
. & Trust company with proposals OF
amendment
q READ THIRD TIME AND PASSED.
S. 5G5.--To incorporate the stowe Savings
Bank & Trust company
II. 5S4-Relatng to the taxation Of de
posts in savings institutions and nationa
=, banks Mr.. O'Brien OF South Burlington
: moved the bill be ordered TO lie and b'
% made a special order for tomorrow lore
.. noon. Motion lost. Mr.. Knight of Dunn
merston opposed the bill as did Mr. Flynn
OF Dorset,
MT. JOSH Vi Johnson dppibNN'' ~ '''' 80
~ ure. Mr.. Flynn of Dorset moved tn
~ House resolve itself into a committee o
- the whole to discuss the merits or tn
,, bill, which motion failed
-, Mr. Weeks of Middlebury thought thi
was revenue bearing measure that woul
. not work hardship upon the banks |
T. raised the tax One-tcntn of one per cent
., deposits in savings banks and trust com
Nv panies and the same upon deposits i
"a national banks. Mr.. Billings of WOODSTOCK
,e was ihcllTtd to oppose tn" Dill on tn
IA ground that there was danger that IN
rate OF interest ON deposits might be re
,e duced as a result of the Increase OF Tn
n state tax. Mr. Flynn of Dorset though
,k the rate II interest would be reduce
il by this measure.
Ill MY Proctor Of Proctor thought man
liz trust companies could bear this rate o
i'd increase but he thought this would be
t. burden upon some mutual savings banl
t. laking a bank as an illustration, three
lourths of the depositors were children
ms WIDOWS and laboring men. and that ther
n was danger that their income mislN D
decreased by the measure, Mr.. Tart c
o. loWnshend moved to amend by maxim
lis the tax on mutual savings banks ~ Vef
ON ''rths of ono per cent lhstea
te oI eight tenths of one per cen
OF MT. Cook of Lyndon said III
on ways and means committee had feal
10 4