Show PROTECTING BANK DEPOSITORS Bill Which Will Stop a Largo Number Num-ber of Failures Washington March u 2LA bill f stripling national bunks from nakhi loans to their officers was faorably uetcd on by the JIouse Committee on Banking and Currency today Tho measure baa been urged by tIme Comp tmller of the Currency on tlu ground thai t many bank ful lures were caused a by Illadvised loans lu officials of the banks The expected large Increase ot small 1 banks under I he mmciv Pnanclal 1 its Is said to bo additional reason lor the restriction I of loans In bank oillrcrs Tlv bill provides that no national banking iipttoclullon sluill nunti1 aiy ion im to its I president viriuuyldiU Its cmtshier or tiny of Ity I dinc m t irt liiJtf toilers booUkiK pois ugenlH rvants or othir persons In Us omploy until ite proposition to male such loan hall huvc b oii submltleil i In I writing to l tnp bourd of dlrcilors or of tin executive inminllloc of surli a hoard mu mud ap prov d by I a majority At such mcoUn time person making such application shall i I not hi prcsoiil The bill also piuhlhlls the overdrawing overdraw-ing of uccounts of the hank officers chairman I Brobius will make the report re-port |