Show ji r nir ATTACKS RIGGS BANK PRACTICES Attorney Defends Treasury Officials' Officials Acts and Lauds Their Zeal Washington May Ia 19 IS of oC th the financial practices of oC officers of oC the thc Higgs National bank and eulogy of oC the ardor and enthusiasm of oC Secretary Secretary Secre Secre- ecle tar tary McAdoo doo find and Comptroller of oC the Currency Williams characterized the argument toda today of or counsel for the treasury treasur officials supporting supporting sup sup- porting the government o s R motion to dismiss the temporary temporal Injunction se secured secured secured se- se cured hv by by the bank Mr occupied d the entire day C In court with an argument that dealt with the history of ot the Riggs RI s bank and its relations relation with the theNa Na National Na- Na National a- a lIonal Cit City bank hank of oC New York and tho the for tor the government past twenty years ears Final KInal argument against the motion to dismiss will be he made tomorrow b by former former for for- mer Senator Ualle Bailey Difficulties between the bank and the treasury treasur officials which culminated In Inthis Inthis inthis this suit Mr 11 argued were du due not to the arbitrary use uso of pC power h by the tho comptroller but to reforms In Instituted In- In b by Secretary McAdoo ant and Comptroller Williams which abolished Illicit favors ors the bank had enjoyed In the past and aroused the resentment of tho the banks bank's officers The penalties Imposed Impose by the comptroller he said were le legal al and tull fully Justified fay oJ the c conditions he toun found Ho lie reviewed al allegations allegations nl- nl legations of ot dummy dumm loans of or excessive l loans to officers and of a stock brokerage broker broker- a age e business conducted by the banks bank's officers through h the bank In violation of oC the law and asserted that the comptroller comptroller comp comp- was but performing his Ills duty dut In insisting that he be bc acquainted with n the details of C all these transactions The Tire comptroller r ha had a rl right ht to leno know who wan vaa Interested In these accounts and what security was behind these loans Mr tr said and In no Instance was a demand made mado for tor information Information Information mation b by Iry the comptroller which was not nol Justified h by conditions in the bank bankHe He lie is not to be criticized for the heat with which he ho insisted upon his de demands de- de mands He lie Is rather to to- tobe be complimented complimented upon tho the ardor and enthusiasm with which he performed his duty The refusal of oC the bank to comply cannot be Justified I suppose the they had been beon so EO long the czars of or Washington that they were convulsed con with ra rage e and disappointment disappointment disappointment dis dis- appointment when their control and their pipe line to tho the treasury treasur collapsed col eel lapsed to together ether Mr Ir was particularly emphatic emphatic em em- In his discussion of pC what ho called the pipe line lInc between the RIggs bank tho the National City bank and the treasury treasur department this ar arrangement arrangement ar- ar he ho declared the banks re received ro- ro e cel large largo government o deposits without without without with with- out interest which In the case caso of oC the National City bank wr w was s simply giving It to Wall 1 all street speculators Assistant Attorney General Charles Warren filed tiled a brief for the treasury treasur officials In which he supported the l le legal lc- lc gal nl authority of or the comptroller to Impose the contested penalty on the bank and argued that the tho court hall had no Jurisdiction which would enable It to Interfere with the discretion of oC the comptroller in this action |