Show BANKS mm ANn ND RACE TRACKS Two Most Important Su S Dis Discussed I cussed in iii Governor Hughes I Message v I Albana X N Y Jan 1 IThe The annual message of Governor Hughes which was as sent Fent to the tue legislature today toda con it mains Ins many important lions Chief among a g these In the light f 1 certain conditions disclosed by bya the the i fent financial upheaval Is a recommendation regarding the amendment of the itie 1 law la relating to banks and trust t In bringing this matter to the he 1 attention of ot the legislature the governor urged them to adopt every ever practicable Ira means to prevent repetition lion Ion of reprehensible practices and to assure the proper propel management of the financial institutions chartered and su supervised by b the state on whose stability ity y and prosperity the Interests of our people ope In every walk of life liCe ro no large largely largey ly y depend Another Important recommendation r rk h his is 8 as Its object the complete slon sion Of racetrack gambling throughout the stat Direct nominations at a simplified form torm of ballot are arc urge Urgel With reference to the banking law laws the message says sars Recent events have demonstrated the necessity for fol providing effective means for preventing the tile exploitation of banks and trust companies c and the acquisition and use of a control o 0 of a number of institutions to facilitate Selfish elfish schemes opposed to sound bank banking bankIng ing tog ingIn In the case of the racing track bet betting betting ting tins Governor Hughes recites the con constitutional provisions forbidding to o i pries cries pool selling bookmaking or any other form of gambling within i ate and empowering Ole file lie legislature i lI fix penalties therefore and the amendment to the tue penal code which prescribes the punishment for pool v at race tracks forfeiture of the money honey paid by b the better to be red The message continues The constitution makes no exception of Ir race tracks I recommend that the th legislature carry earry out the clear I ear i on of ot the tho people without ion In connection with the repeal of i lie e existing exception I recommend commend r i lat hat the offense described in the penal ode ide de be punished by b imprison imprisonment on lent ment and that thai the alternative of fines hould b be abolished I |