Show bank failures due to lax examiners E a miners I 1 G H T L LOSE upon the heels of tho the radical C L shake up in the ranks of the united states bank examiners by which 20 men were shifted to new fields controller of currency murray announces that he will make a pe personal r investigation of conditions in all examination districts in deciding upon this course of action the controller says in almost every case of a national bank failure since I 1 have been controller the insolvency could have been averted had the national bank examiner determined the true condition and reported his findings in time for me to force a correction in the administration of the banks affairs after citing that examiners of failed banks bank had offered excuses that they had been unable to learn in advance of banks true condition that officers and directors director of banks would not correct conditions brought to their attention or any ono one of another dozen reasons red reasons sons mr murray in his statement says many of the ft framers amers state in their reports of examinations forwarded to the controllers office that it la Is a hardship not only on the examiner but upon many of the members of the directory of country banks to ask the various boards to meet with the examiner during the progress or at tho close of the examination this investigation by the con controller and his chief of tho the division of re ports Is also an investigation into the methods employed by every national bank examiner and upon seeing them make an examination of several banks and afterward holding a meeting of the directors he will be able to determine who of his examining force it any 0 are o Inefficient 1 |