Show NATIONAL BANKING LAWS suggested federal control and limi tati onon loans chicago dec 13 changes in the national banking laws which will prevent A of such financial disasters as swept the nation in were urged at the annual dinner of the illinois manufacturers association last night by president john L hamilton of the american bankers association we need first a properly secured clastic currency under federal control said sir hamilton secondly there should bo a change in the limitations on the amount of loans a pio taftt Is constantly violated by all national banke tho third sug alon covers the privilege of loaning a limited amount on not to exceed ia to 50 per cent of a fair cash value of real estate 1 I recommended also a change in the manner of selecting bank examiners and the payment to each examiner of a fixed calary with such assistants a may be required to properly perform his duties the bankers of america bae come to a point where they have to deal with international finance as we are fast becoming the dominant financial power of tho world and have not only to deal with financial conditions at home but abroad this has brought about a new development in banking that must have legislation to protect it president hamilton ccoke a vord la favor of the ship subsidy declaring the fact that this nation ia continually producing more in manufactured goods and in grains than can bo consumed at home suggested tho necessity of safeguarding safe guarding our interests by encouraging the building of american vessels that will deliver our products to any part of the world |