New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-03

promotion from the eligible list. without reference
appointment promotion may be made .,o,,.
The great increase in the resources OF the various
institutions supervised by the bank department cur
ing the last decade entities II to special nen.9n.
tons We're Ittle over Ss5.Coo0oc To-day, by
reason OF the increase in the number ana business
OF banks OF deposit. savings banks and trust com
panies together with the building and loan assoca-
tons and foreign mortgage companies wnlch Were
placed under the supervision or the department. ~
1880 there appears 10 be an Increase IN VI
about ;5sO.0O0O0o. making total OF $li-5V""p
AMENDMENTS TO THE BANKING LAW.
In the revision and re-enaciment of tao banking
laws in 1892 many valuable amendments were made
but there several amendments which might
s,!ll be made with the effect OF further improving
the law. For instance as the law now reads.
bank begin business by paying IN % per cent OF
It's capital stock. the ba.ance 10 be PAID IN lnsta'-
ons 81 n Per Is c sy az pa e Experence has shown
that the remaining portion OF the capltaI stocH -
n psG IN as pTUyHe1 b oy sm OF the remain
ing half ! am OF the opinion thar the wnole GAP
new bank is Authorized to begin business. A mum
Der 81 banking institutions have been forced INTO
to wit: The loose method by which officers and en-
ployes OF bank may borrow money from the In.
a. they may desire; the oanng OF funds by bank
upon the security OF its capital stock. and the
tendency 81 so many banks to pay out their pronts
In DIVIDENDS. rather than 10 create a reasonlDe
surplus furd with which to meet inevitable losses
| wound recommend that the Banking law be so
amended that the officers having the physical con,
10 Loan money To themselves but tina, their appli-
cations for .oans should be submitted 70 the Board
board should be required precisely general Gus
toners procure .oans. Also that banks should be
or w. ont OF busins.s. and that they should be pro
hblted from oaning money upon the security OF
their capital stock
There are not few Instance IN this State. where
savings banks and banks Of discount are located
In the room and controlled by the same
man lgcnoit; at one desk the savings bank officers
Board OF Trustees ~ the one Institution Is composed
mainly II wholly. OF the directors Of the other.
SO that when trouble ari cs - tho one. the Other is
also Invariably lnvoNel At least two Instances
count banks have susp snded. and savings bank,
doing business ~ the same room have been forced
into failure Tor The reason ihi, their entire ayaila-
bic funds were "te1 lp' IN the suspended bank.
This condition ~ anlirs demands prompt rectihca-
u1p Each banking Institution should be iale
rcrlen' ~ The other ana the available funds Of say
ings banks should be Deposited ~ such a manner az
a. be beyond the per-" "h'ca may Involve the DIS
,ount banks
TIE STATES EDUCATIONAL sYsrEM
II ia q matter OF c1rc-l'u'at.on that the leader
ship 4 NeW-York State in educational Affairs ~
.vcrywh.." recoguzci. Fer present system Of
supervision and c,amnli.cn' is uplifting the calling
OF tto teacher. giv.ug no-c assurance Of employ
bubble a r.orr adequate return FOR the liberal ex-
ben ..fu-c that has Always hon1.aby distinguished
Inc Empire state. Buildings. equipment lofary
AMI apparatus 10 rot make scno3A II j. upon me
fitness of thc teacher nat our ito"l 20. - I'm
~ .i'..., .. ,...,,,.t t,~-.~..e Iri- normal
schools. reachcrs Institutes ara i'achcrs irhin.ns
natrr professional spirit which reaches The small
csf country schools Corresponding ~ gross apte-iS
ton Particularly by concentrating In responsible
body the supervision AMI control % higher instltl.
lions 81 learning and professional preparation. the
'Iun.c ,n,a,sa ,hot ne Inesiatre provide lib
orally but Nth economic discretion for the carrying
on % the system % public education
FOR REVISION OF INSURANCE LAWS
The business Of Insurance has reached such vas,
PROPORTIONS within the STATE. and the interests In
VOWED In It's proper conduct are 80 vital u the
welfare ~ our citizens tina; the placing Of II under
the controlling supervision u the state az was "''
In 1879 WAS a matter u public policy the ptoptiry
- which cannot lc wei questioned ~ TINS tlin'
II Is supervised under the authority oi Law 'n's
vision In iD2 = revision Of those law. was under
taken and In manner acc3mpiSnet pVa ~. ~" ~
uics relating 20 ~" supervision ot me puSn'ss ~
Insurance stiil need radical amendment III mhhy r.
lailon may result In the enactment " laws soE
crnlug ~. regulation hy The state oi tLlS busI
ness the intelligent supervision or when ~ SO
essential 10 the best interests OF inc p'o' ~ '"'
state .,.,.., ....,.,.., tho
medium 81 commission alpoln'tI l" - -,
Insurance law ls well other laws The schciil'
az revision contemplated more particularly inc
coilncauon ani Encouragement 81 sl'n 'a m -
lating 10 Insurance as existed at the Tine ne re-
suit has been ,h'' 'nr ~" Which unIer changed
condlI tons brought about by the development ana
- ,c.s unGttoI 10 deal infolllgcn;ly or effectively
Win his interest az 1t should be dealt with.
DEFICIENT INCOME FOR THE INSANE.
The state Commission In Lunacy reports that
while the reduction In expenses for maintenance OF
the State hospitals FOR the insane for the FIRST year
under the new system amounted to &I1Vo. eNc!u-
slve Of The expenditure o. surplus funds. AS COM
p,ro,L with the last years expenditure under tho
old system. there Will be- a deficiency Of income
amounting to '2l9foo This arises from the Insult
nc!cnry Of the appropriation, and you VIII be ri"i
,n,n ~ provle fer this shortage In addition 20 the
usual tax for maintenance. For the next nscal year
the gross To be- raised. therefore. VIII be ABOUT
vide FOR additional building. repairs ana improve
ments. Examination shows that Tor the last 'lsn,,
years the appropriations for buildings, repairs and
improvements alOn. have averaged more than
N.6Oo0oj per year Careful inquiry into the subject
ca ls - the conclusion that win more Juiclou'
plan OF both appropriation ana expenditure on
haif OF this annual amount wouii nav neeh aIip
for the purpose But 80 .ons az me prdc,cS ~,
OF making separate approWatlonS Tor each ihsti-
tuition. without consideration OF tn needs ot the
stale as whole such excessive eNp'h'i'ur's "'e
IL is therefore suggested that in lieu Of this
busnesslkc method the annual tax Tor maih'cn-
nnce be increased to sum sufhceni to provide FOR
the needs OF all the state hospitals including Hddl-
tionnl accommoda lions for the annual increase In
the number OF inmates as well as for repairs and
! apporiloned and expended among the various hos
pitfalls under the law controlling the ordinary ex-
yielded good results by reducing materially the cost
Of caring for the dependent insane ard ut the same
time lnsuring TO them every necessary comfort ana
attention The large appropriations of the past have
enabled the Commissioners to extend the building
| accommodate tons 80 that, including those now IN
| course Of erection. no additional buildings VIII be
required for some years to come, and the imme-
date needs VIII only require the furnishing OF about
! 800 beds 10 accommodate the estimated Increase OF
! inmates. This viii involve comparatively small
outlay. FOR II the buildings are erected on the pres
ent state Hospital grounds Gas contemplated by the
lS9O) the cost should not exceed $3.50 per cap
! lta the prescribed in the act referred to. In
Guiding furniture ana fixtures. This course must be
followed II economy IN the care OF the Insane Is to
| be observed.
! NETWORK AND KINGS COUNTIES INSANE.
| The expenditure for this purpose Is already one
OF the largest Items In the State budget and If the
counties OF NewYork and Kings adopt the course
| they are expected to. asking to be relieved OF
| the care OF their insane. the annual appropriation
| for the maintenance OF the INDECENT insane VIII