Show communication it has ha s been called to td my attention that someone is circulating false rumors regarding the condition of the banks in iron and washington counties I 1 wish to warn parties guilty of this practice andrall and call their attention to the law upon this question section session laws of the fourteenth legislature reads as follows any person who wilfully and knowingly makes or circulates or transmits to another or other any statement or rumor written printed or by byword word of mout mouthy hi which is untrue in fact and is directly or by inference derogatory to the he t financial condition or affects the solvency or financial standing of any bank or who knowingly councils aids procures or induces another to state transmit or circulate any such statement or amor is guilty of a in mi inemer rr punishable by fine of not more than 1000 or by imprisonment for not more than one bearor year or both the state banking law requires that the banks furnish quarterly reports of conditions these are published in local papers giving as wide publicity as the circulation of the paper in addition to this two examinations are made by this department part ment i we think we have reliable information and have no hesitancy in furnishing this information to sincere seekers of the truth parties guilty of libelous gossip if apprehended will rl receive ceide i no sympathy from the state banking department we are not inviting trouble but if it is forced upon us we will go the limit SETH state bank commissioner |