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


tho offset. the great majority of whom
need such relief
Mr. 1ose Of Johnson claimed the only
organized interest in Lanloille county In
favor of offsets is the lumber interests
and storckeepcrs oitsetS arc special
privileges and should be abolished.
Mr.. Flvnn of Dorset quoted from in
yentorios Of Rutland taxpayers, showing
offsets In some in stances IN excess or
entire valuation Of personal property.
Mr. Wright of Westminster had learned
that a large paper mill doing business in
his county had more offsets than its entire
propertv valuation. The men of his vi
cinitv who ride in automobiles are the
men who favor offsets
Mr. CLAYTON Of Londonderry favored
the abolition Of offsets entire-no halfway
work.
Mr.. Gleason Of Richmond opposed the
amendment.
On motion OF Mr. Hitchcock Of West
Haven debate was closed, and the pro-
POSED amendment was killed.
Mr.. Orvis OF Manchester moved to
strike out all after enacting clause and
substitute a provision that money on real
estate mortgages at not more than hve
pcr cent interest annually shall be put
in the list at one per cent. Of Its valua-
ton and taxed at 10 per cent. Of the
grand list No deduction shall be made
from the appraised value Of personal
,,roperty on accounts OF debts owing
Amendment was favored by Mr.. Orvis Of
Manchester. Mr.. Comlngs OF Richford.
Mr.. Wright Of Wiliston moved the bill
he ordered to lie, which motion was lost.
Mr.. Goodroe moved the previous ducs-
ton, which the House refused TO adopt.
Mir comings Of Richford felt the peo-
pie sent their representatives here to
pass q law permitting them to loan money
ON tie same terms and conditions as
banks
Nr Eaton Of Royalton thought there
was an clement Of unfairnes in compel
Ing individuals to loan money at Ave
per cont while banks can get ak per
.rrt.
MIR OrVis thought the tendency would
he 70 bring tho rate of interest on money
loaned by banks down to five per cent
Mr. Hapgood of Peru believed the House
had the right TO vote on the bill with
out embellishments.
MIR. Jose thought IT. an imposition on
the members Of the House to be asked
to pass a tax bill drawn up by few
members while at lunch. and which was
full of grammatical errors.
Thu amendment was lost and on the
passage Of the bill Ny. Orvis asked for
the yeas and nays.
Mr. Miller of Bethel thought the aboli-
Of ~ Satc ~,
Vermont during the winter months,
preparatory to making out their invcn-
tories in April Men from other States are
coming here and entering irto business
because OF the right given by our laws
permitting of offsets. The abolition of
offsets and low rate of taxation go
hand In hand. Offsets have rot been abol-
ishcd, and vet industries have increased
Mr.. Jose of Johnson considered the
retention Of offsets a hogy, an old maid $
dream; every laboring man in Vernon;
should favor the ahlition.
Mr.. Clayton Of Londonderry favored
the bill. Mr., Wright of Williston opposed
Mr.. Hapgood of Peru favored the aboli-
ton, If money could b. borrowed at four
and one-half Per cent
~'A'' iioiF't VI INulIiIll UtONtu 1N alllc1I
by inserting after the word real estate
OR personal estate or by bond for a
deed. This amendment was defeated
Mr.. Crosby of Brattleboro opposed the
idea that I'VE must do sometime" We
ought to do something If we could better
the law, hut he believed the law salts.
factory II the listers performed their duty.
He opposed the measure.
Mr.. Adams OF Marlboro claimed tina,
Brattleboro business men obtained thri,
oHsets from the lister when he puts thei-
property In the list at 81 per cent. of its
value, lie manufactures live stock" he
said, and such stock Is In his barn Apr4
l. and on this stock he pays taxes.
On motion Of Mr.. Tenney OF Nindhar
the previous question was ordered
MT Taft Of Townshend moved to amenf
by striking out section one and inser
other matter. The chair declined to enter.
tain the motion, as motions to strike ont
all sections had been voted down Mr.
Watson inquired of the chair If his ruIine
would preclude a change in the rate nj
| interest. The chair, after consulting tn,
rules, entertained the motion Of Mr. Tar
| of Townshend which provided exemptior
| on all money loaned within this State n,
a rate of four and one-half per cent. ne,
annum Mr.. Taft favored the pronositio,
because it included all sorts Of loans. ant
| would be OF great benefit to those person,
who need relief.
Mr.. Hulett of Rutland thought 4
| ominently fair, and favored It.
Mr.. Robbins OF Newport did not thinl
such rate would loosen up money tc
any great extent. and moved to amend b,
making the rate five per cent. Motor
| lost.
| Mr.. Flynn moved TO amend BY stritins
out the words not to exceed four ant
one-half per cent Motion lost, TIL,
motion made by Mr.. Taft of Townshent
was carried, yeas, lol; nays, IS.
| NJ, Crosby OF Brattleboro understood
| the passage OF the bill. as read by tn,
| clerk. would abolish all offsets.
| Mr.. Martin denied that money coult
, he borrowed on personal property at foul
and one-half per cent, when it can b,
loaned to n bank at four per cent.
On motion OF MI. Green of Weston de
bate ceased. on the passage of the bill
the yeas and nays were taken, on re
quest Of Mr.. Orvis Of Manchester. re
sulting in 10 yeas and 50 nays and tn,
bin was passed.
! II $50 To consolidate the various schoo
funds and appropriations and to provid
a more equitable distribution of tho same
| II. 46s.-To establish a municipal cour
| within and for the the county of Orleans
BILL COMMITTED TO COMMITTEE
| ON APPROPRIATIONS.