| Show TO 10 Private Hill It A Lines Suggested by h I Go Jov Iov Cut The bill Introduced yesterday after atter afternoon noon by James fames A An ol of oC Morgan providing for an 1111 amendment to section cllon 2111 un of oC tho limo Ito Ite vl od l of I It Is l uno one to III tho time better protection of oC those thole who mooney money In lit private banks and Is II In direct accord with the governors on cit this point The amendment Provides far for the tho inspection of oC such intake bunks by time the state examiner on which point tIle the th message had hIlll title to nay eny I There Thero has hoe boon been for Cor years yearn a n growing sentiment In favor faor of ot examina examine examination tion lion of ot private mimIc aa ns well wull ns LIs bonks banks and many of ot the states Iotes have base al III already mu ready passed laws hairs which time examination of private bunks banks flank by I y public om will not always H prevent failures allures but hut It lifts has be bee heet i demonstrated beyond question of ot doubt that It them very ery greatly The bank that is I perfectly solvent hUll hues no right to complain COlli plain of ot an nil exam examination batten onti the beau bank that Is II not sol solvent solvent vent certainly c should be bo examined A prIvate bank Is la no less held a II public Institution tion than thom a n corporate batIk bank The re recent reo recent cent failure allure of ot a ti 1 private bank boule calls at attention attention anew to the tile responsibility of the time state III In protecting those who place mooney money In banks by requiring capital caimital and antl Insisting upon proper su nil supervision nilI I 1 recommend that section faction 2441 of oC the time Revised of ot iYlah t tah 1598 1595 which limits the authority of the bank ex ox to the examination of oC corporate banks only be amended to Include ri I vote sate banks Milks The Tue bill which U Is l Known Imon as a house MUllo bill hili No 3 was waR referred to the tho committee on cIt banks and banking I |
