Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-01-16
SENATORS EXPLAIN VOTES
House Kills Innkeepers' License
Bill and Proposition to Com
mute Death Sentence of
Arthur Bosworth.

consider the fiat rate intan pihle hill
The discussion lasted nearly taree
hours. and when the committee rose
and the doors were opened the com
mittee reported to the Senate recon-
mending the adoption of ~ amend
ments, some of them unimportant and
others making great changes in the
measure. The amen iments were
adopted by a vote of rs to 5.
Mr. Babbitt, in explaining his vote,
said 1e did not favor the amendments
because they placed the bur- len where
IT does not belong, that they favor the
rich man at the expense of the poor
man. But he recognized that this
was compromise that it represe n ted
an attempt to get together and indi-
Gated that the Senate was trying to
do something and endeavoring to en-
act constructive legislation. He there
fore voted yes.
Mr. Batchelder voted yes, reserving
the right to propose further amen J.
ments al later stage
Mr. McFeeters voted yes because he
wanted to see some Improvement in
the law
Mr. Dale voted no because he be-
lieved that the amended measure
would make no progress in the House
The more important amendments fol-
low In section by inserting after the
words. located within the State" the
following: Nor to include money or Sc
curites received by domestic trust COM
pany or savings bank and trust company
as trustee under order of court or other
wise.
BY striking out section s and inserting a
new section to read as follows: Section
:. Unless otherwise provided, personal
estate not taxed under section one of this
act shall be annually set in the abstract
of individual list Of the grand list in sep
arate columns set apart therefor to the
owner thereof in the town, village, school
or fire district where such property is
situated on the first day OF April at one
per cent. Of its appraised valuation and
shall be sheet to an annual tax Of one
hundred cents on the dollar of such
grand list"
Section 9. Money loaned by any per-
son, corporation or banking institution
at a rate Of interest not exceeding five
per cent, per annum the payment of
which is secured by mortgage on real
estate within this State duly executed
and recorded, shall be exempt from taxa
ton provided such loan does not exceed
the value of such real estate. In case
such 'oan exceeds the value of such real
estate, the excess Of the loan shall be
taxed under section / of this act.
BANKS AND TRUST COMPANIES.
Section TO- Section IA Of the public
statutes as amended by section | of No
81 of the acts of 1910 is hereby amended
so as to read as follows: Section IA.
domestic savings bank or savings institu-
ton doing business herein shall annually
pay tax to the State, which Is hereby
assessed at the rate of seven-tenths of
one per cent. upon the average amount
OF its deposits and accumulations. after
deducting therefrom the average amount
not exceeding 10 per cent of its assets
invested in United States government
bonds, and the average amount Of the
valuation Of real estate owned
by such corporation, and after further
deducting therefrom the average amount
of its assets loaned at a rate of interest
not exceeding five per cent. per annum,
the payment of which Is secured by
duly executed and recorded
upon real estate within this State, as pro-
vded in this act.
Section Ii. Section 745 of the public
statutes as amended by section of No
IS of the acts of 1910 be amended so as
to read as follows Section 745. A domes-
tic trust company or savings bank and
trust company doing business herein shall
annually pay n tax to the State, which
is hereby assessed at the rate OF seven
amount of its deposits, including money
order of court, or otherwise, after deduct
Ing the average amount. not exceeding
ten per cent. OF its assets invested In
United States government bonds, and
after deducting therefrom the average
amount of its assets loaned at a rate
of interest not exceeding five per cent
per annum, the payment of which is Sc
cured by mortgages duly executed and
recorded upon real estate within this
State, as provided in this act"
LAIRD BILL NOT SUBSTITUTED.
Mr.. Blanchard of Windsor moved
to further amend by striking out all
after the enacting clause AMI substi-
tuting section sc. tle Laird exemption
bill. Mr.. Laird opposed the proposal
rs did Mr.. Barber. Mr.. Johnson said
that the bill as amen led was an at
tempt to carry out the promises OF
the party platform. and opposed Mr..
Blanchard's amendment, reading from
the republican platform to show what
had been promised. The amended
bill, he said. was the only thing in
sight that attempted to carry out the
pledge,
The Blanchard amendment was ie-
feated and the bill was ordered to a
third reaiing, When 1t comes up to-
morrow afternoon 1t is understood
that there will be further debate and
that other amendments will be offer
lea
Mr. Preston objected to the passage
I'm the Senate this morning of II. 210,
making an appropriation to pay the
Expenses of Vermont veterans to
gettysburg. to attend the 50th ami
|Versary of the battle there next June.
Mr. Sherwin, Mr., Dyer OF Addison. Mr..
oyer, Mr., Croft and Mr.. Chaffee OF
p'utland, Mr.. Davis Of Orleans and Mr.,
wallis of Washington favored the
pill. roll call was demanded AMI
Mr Preston voted alone In opposition
10 the bill
rho House this morning killed the inn