Show BANK EXAMINER I GETS WIDE I Bill All II 1 Having Deposit or Savings De DeI I house bill No Iso 13 bF I A tt lImn pawed ed the tho Louse house tou y r st lit t ray Hayt with Uh only ono one dissenting m vote rote jr bill Introduced that the bank examiner ex should he II e power to Inquire into banks 1 An amend amendment amendment ment mont was WiS adopted to the HIe effect that the examiner shall shan have power to ex ox examine examine amine Into tilt the th affairs of associations corporations and persons conducting a deposit or oi savings department There was yas much talk about the bill billI Archibald pro proposed ed the amendment ent for forthe forthe forthe the incorporation of or stores conducting I banking departments Mr Ir Archibald said that he knew of one store at leAst I which did a business amounting to 40 which money was kept out of cir circulation circulation circulation or practically so It was proposed In another amend amendment amendment ment mont which failed however that stock stO k brokers doing a margin marln business extending over a period of six months be included An effort was made to postpone ac action action tion Uon on the bill until Tuesday Tuc da but the motion was lost lostA lostA lostA A motion was also lost that was de designed designed signed to eliminate insurance compa companies flies nies from the operations of the bill Ashton who is strong strung on legal ver verbiage verbiage verbiage biage said saki sal l that something in connection connection tion flon with the bill was ultra vires Ires and a little tittle later he said MId that some something something something thing else elie Ol e was contra both of which admittedly admitted I helped along the passage of the measure Other members of or the constitutional law division of the thc house houFe took a fall out of the bill bilt but none of them arose to the ultra vires stage Allen Alien alone voted against the bill The measure as It now reads takes in private banks and stores having de deposit deI deposit I posit and savings systems |