The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1916-08-03
The RURAL CREDITS BILL
Bill Farmer
Exempts
Back of thu ing

plead with the committee to strike out this provision of
the BILL saying to them that greatly desired to support the
could most anxious that the farmers of the
south and west should be aided in reasonable No
members of the committee however presumed to for
single that the eastern section of country would
be benefited by this act and seemed to that should be
unaithul my constituents in Vermont if did protest
with all the in my power against the passage of the
measure with this tax-exemption clause included.
Although not lawyer, every Velmonter knows, in
sisted that the Federal constitution provided that all powers
specially delegated to the Federal Government
served to the states and that no clause in the cons
tuition which delegated to the Federal Government the power
to to the State of Vermont tataside from Government
bonds should be deprived of the to tax the property
within its borders as the state saw fit to do
went to several of the best constitutional lawyers in the
United States Senate and placed this feature OF the bill before
them and they clear that passing this act the Federal
Government assuming unwarranted control the
vate affairs of the several states.
lawyers in the Senate made extended argument this
point showing it seemed to concusivey that the Fed
era Government has not the right to say that aside from
Government bonds may not tax property within
boundaries in whatever form of whatever kind
that property may be.
became thoroughly confirmed in the conviction that
the bonds issued under this act should not be exempt from tax
alton that notice In the committee that much would
like proper Rural Credits bill enacted into law should
feel constrained to vote against the bill under consideration
unless the tax-exempting provision was eliminated
There to have been studied effort the part of
those who are opposing my return to the Senate to msead
the people of Vermont about this matter The statement has
been made unquaedy that Senator Dillingham; voted for the
Nothing could be farther from the truth Every
member of the Vermont delegation here in Washington ncud
ing of Representatives and Dale against
the bill Indeed it may be stated broadly that not single
Republican Senator the II New England and middle
including West Virginia recorded having voted for this
and while the Democratic party made the Rural
Credits bill party and used the whip and spur
of party expectancy only four Democratic Senators in these
twelve states recorded as voting for the bill.
may have erred in my vote this measure, but know
voted best judgment and conscience dictated do not
believe the people of Vermont upon careful consideration will
reach the conclusion that did but Of thing fully
convinced and that is that they respect for standing
squaey to the rack and voting every In my
eight years the Senate have left the chamber
avoid a vote
To briefly restate The Rural Credits bill is admittedly
benefit to the Vermont farmer 1t exemps from taxation all
funds loaned by Vermont money lenders Rural Credits
thus increasing the burden Of the farmer by
taxation
Cordially yours
CARROLL S. PAGE.