Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-04-02

ready for the question: The pend.
ing question before the Senate is on
the motion OF the Senator from Pc
nooscot. Senator Chalmers. that this
oil! be indefinitely postponed.
A viva voce vote being doubted,
The PRESIDENT: All those In
favor of the indefinite postponement
OF this bill will please rise and stand
IN their places until counted.
a division being had,
Nine voted in the affirmative and
-lneteen In the negative,
so the motion was lost.
On motion by Mr.. Hinckley of
cumberland, the bill was then pass
ed to be engrossed.
The PRESIDENT: The Chair laws
before the Senate, S. D. 1856. An Act
establishing State contingent fund
ana surplus revenue account and
regulating the same, tabled March
20 pending its passage to be en-
crossed, and recognizes the Senator
from kennebec, Senator Maher:
Mr.. MAHER: Mr.. President, I
| tabled this measure for the purpose
! OF having it amended and conferred
| with Senator Holley. and found his
| mind working along to that same
| end and that he was preparing an
amendment. He has shown it to me
| and I am wholly convinced that he
has an amendment which Is a very
forward-looking step financially to
| the State of Maine, and I yield to
the Senator from Somerset, Senator
Holley.
Mr.. HOLLEY: Mr.. President, 7
offer Senate Amendment A to S. D..
1S5. and move its adoption.
| The Secretary read the amend
ment.
| Senate Amendment A to s. D. 1856.
Senate Document No. 1S5 entitled,
An Act establishing a State Con-
| tingent Fund and a surplus revenue
account and regulating the same"
Is hereby amended by striking out
the words surplus revenue account"
in the title and in the fourth line Of
section two thereof and inserting in
place thereof the words Sinking
fund reserve" by striking out the
word account" in the last line of
said section and inserting in place
! thereof the word reserve" and by
adding at the end OF said section
the following sentence: said sink
ing fund reserve shall. upon the first
day of July in each year or as soon
| eAASA Soh'CA 40 tilC dllIOuIlt lIltItot
be ascertained, he set aside
as a sinking fund, to be
added to from year to year
like manner to he applied to the pay
ment OF outstanding obligations of the
State, and to the purchase of outstand-
ing, unmatured bonds of the State in
the manner provided in Section - of
Chapter . of the Revised Statutes" so
that said section as amended shall read
as follows:
Section ?. Sinking fund reserve;
sources from which accumulated. The
state auditor and treasurer of State
shall also open on their books an &C
count to be known as the sinking fund
reserve to which shall be transferred
and credited all sums of money at any
time found in the State contingent
! fund in excess of three hundred thou
sand dollars (s300,o00) plus the
amount of special legislative appropri-
ations. All sums derived from all the
| sources mentioned in the preceding
section which may not be credited to
said State contingent fund because of
the limitation recited in said section
shall also be credited to said reserve.
Said sinking fund reserve shall, upon
the first day of July in each year or
| as soon thereafter as the amount
| thereof can be ascertained. be set aside
as a sinking fund, to be added to from
year to year in like manner to be APP
piled to the payment of outstanding
obligations of the State, and to the
purchase of outstanding unmatured
bonds of the State in the manner pro-
vided in Section 20 of Chapter of the
Revised Statutes.
Said Senate Document No. 1S5 is
hereby further amended by striking
out the words surplus revenue ac-
count" in the tenth and eleventh lines
Of section four thereof and inserting
in place thereof the words sinking
fund reserve"
Mr.. ALLEN Of York: Mr.. Presi-
dent, ! move to have this lie on the
table pending the adoption Of Sem
ate Amendment A.
Mr.. HINCKLEY: Mr.. President
may ask the Senator from York TO
incorporate in his motion, printing,
while lying on the table.
Mr.. ALLEN: / have no objection
to that, Mr. President. l think 1t
would be a very good idea to have
it printed.
The motion to table. including
printing, was agreed to.
before the Senate S. d. 143, An Act
relating to the definition of banking,
tabled March 26, pending it's passage
to be engrossed. and recognizes the
Senator from Cumberland. Senator
Anthoine.
Mr.. FOSTER Of Kennebec: Mr..
President, in the absence of the gen =
tleman from Cumberland, Senator
Anthoine. l move you, as he would
if present. that this matter be passed
to be engrossed.
The motion was agreed to.
The PRESIDENTS: The Chair lays
before the Senate Fl. d. 81, House re-
port from committee on inland fish
cries and game. majority report
fought to pass minority report
Ought not to pass" on an act re-
lating to the one deer law, tabled
March &c, pending the acceptance
of either report, and recognizes the
Senator from Somerset, Senator
Holley.
Mr.. HOLLEY: Mr.. President. ]
tabled this matter in the absence oil
the Senator from Piscataquis. Sen
ator Crafts. He is now present ana
[ Weld to that Senator.
Mr.. CRAFTS: Mr.. President, l
move that the majority report be
accepted.
Mr.. HINCKLEY: Mr.. President,
II notice the absence of the Senator
from Aroostook, Senator Wilson. and
I would like to inquire from Senator
Hussey if he thinks he is interested
in this matter.
Mr.. HUSSEY: Replying to the
Senator from Cumberland through
the Chair, I will say it is matter
he is vitality interested in. He, how