The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-04-18
Secretary Carlisle Also Wants to Introduce
New Methods Of Examination. and wiz Ask
Congress for Additional Poxsr
Editor Shanklin Seemingly Forgotten
by All but His Friend Morss.
Maxwell's Indiana victims-Employes Of the
Weather Bureau Charged With Fraudulent
Disposal Of Government Property.


System of Examination Of National Bankl
TO BE Reorgsnised Soon - Possible.
Special TO the Indianapolis Journal
WASHINGTON, April 17.-Indiana will not
have O new national bank examiner under
some weeks IL is the intention Of Seere-
tary Carlisle. as soon 90 the new Con-
troller of Currency. Mr.. Eckles. of Illinois
comes into the Office, to reorganize the
system of examination OF banks, and thi6
may possibly require q month of time
There may be no appointments of bank exc
aminers before June. Secretary Carlisls
believes, and SO does Controller Hepburn
that the examiners have too many
banks 10 examine. He thinkf
that the number should DO greatly
reduced. Many banks. under the present
arrangements of districts. are not examined
annually. and IL frequently occurs that
even after the Controller has information
that hank is in distress. Is running COP
trary to law and should be closed. that
weeks and months elspse before an exam-
ination can be had. because the examiner
has not time to make sn examination. In.
diana, for instance. has abcut.l20 national
banks. Secretary Carlisle and Controller
Hepburn believe the State should bo
redlstrioted and part OF the
territory given 20 an. examiner having
banks in another State TO examine. 60 snas
the regular examiner for Indiana WILL nos
have more than seventy-hve banks under
him. There are districts. again. where
there are not over fifty banks. and yet they
are so located as to make examinations in-
frequent because much travel is necessary
and. inasmuch as the capital of the banks
il small, the pay of the examiner Is not sui
ficient to attract n competent examiner. 10
allow larger fees will require special aco
of Congress, but there can be redlstrict-
ing of the field In such manner as 70
make examinations more frequent and the
pay more uniform for the examiners
The Secretary intends In selecting bank
examiners to reward merit. de viii ep-
point only practical bankers he says ne
wants to circumvent such swindling ana
dishonesty as was unearthed after the re-
cent bank failures at Boston. Philade lphia
and Nashville. Secretary Carlisle. after SO
rearranging the districts as to insure more
frequent examinations, will ask Congress
TO give the examiners additional powers
in the detection of frauds, ana especially
In detecting the use of straw names In ois-
counts etc. There is to be additional So
curity given depositors In nauonai banks
by more rigorous examinations and sale
guards about the acts OF bank offcers.
As intimated by q recent Journal special,
it Is probable that Cashier L. ID. Pugn, OF
Rushville. will be appointed examiner for
Mr. Pugh was at the Treasury Depart
ment to-day, where he conferred with Sec
rotary Carlisle, Controller Hepburn Dep
uty Controller Tucker snd other officials,
who. doubtless, made test of has knowl
edge of practical banking. Mr.. Pugh 10
the only prominent practical banker men,
toned for the position. He has for years
been and Is at present engaged In active
banking Mr.. Packard, of Plymouth. who
has been recommended Tor the place: is noe
a practical banker and Secretary Carlisle
wants a practical man. Mr. Pugh left for
his home to-day, accompanied by Frank Js
Hall. Examiner Holman, Of Rochester,
some time ago rendered bis resignation.
but he will remain at the helm until his
successor is named, which may and proba<
bly will be six or eight weeks hence. Mr.
Pugh is regarded at the Treasury Depart
ment as q sure winner.