Ogden Evening Standard | 1912-09-17 | Page 5 | Comptroller is to Take Action

COMPTROLLER IS TO TAKE ACTION ' Washington, Sept 17. Stirred by failures of national banks during tho 5 past few months, Lawreuco O. Mur- L ray, comptroller of the ourrency, yes- ;t terday announced that he would take f vigorous steps to make banklas aQT; $' ; Federal examiners will be instructed f . to mako diligent Inquiry, beginning i&t- October 1, into the concentration or IW tho funds of a bank in companies con- L2. trolled by its officers and directors. HH The comptroller said ho would insist that the books of such concerns be HH open to the oxaminers so that they ,!H may dotermlno whether they are H money-making ventures.