Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-01-29
EcKnLs WRITES THE GOVERNOR
Suggestion Mnde as to the Con""c'
OF state Banks.

Comptroller of the Currency Eckeis
has written the Governor the foiiowihs
letter, which may prove Of interest 10
those who have paid some attention 10
the financial problems OF the day
II have the honor TO direct your atten-
ton to the act Of Congress passeu III
1873 Incorporated into the heViseu
Statutes of the United States as section
333. authorizing the Comptroller OF inc
Currency to incorporate in his anhuai
report to Congress, in addition 10 spe,
cihc information relative 10 hationd'
banks. "A statement exhibiting under APP
propriate heads the resources anu
liabilities and conditions or tne paihs'
banking companies, and savings paihs
organized under the laws or the seVelai
States and Territories, such nniorma'ioii
to be obtained by the Comptroher ,ioni
the reports made by such BANKS pahhins
companies and savings banks 10 thc
legislatures or officers OF the ulieien'
States and Territories, and where such
reports cannot be obtained the defciency
to be supplied from such other authen'io
sources as may be available.
"Sinee that date, and in compliance
with this provision OF law, reports issued
from this bureau have contained All
possible information obtainable III re-
spect of the condition OF banks ana
banking institutions. AS you are doupt-
less aware, there is no other oihcer Oh
the United States charged by law WIN
tho duty Of collecting and publishing
banking statistics. and IL Is, therefore,
necessary that the Comptroller OF the
Currency shall have the required inior-
nation, and i'm order that the most sdtis
factory results may be obtained that the
data shall be compiled, approximately al
least from the reports of the same GATE.
"At present there are number oil
States which make no provision for the
submission Of reports from banks ano
bankers to any public officer or the
state: others, which provide merely ioi
an annual report of resources ana Ia
| hilities of Incorporated banking lnstltu'
lions. and still others, which provide FOL
| the compilation and publication OF quite
| complete retuns but too late In the year
| for use by this bureau in the current re-
port: consequently. in such instances IN
| information is not available until apou
| a year after its receipt.
'.In order that uniformity in time anc
manner of reporting may be secured
have the honor to suggest that the at
tention of the Legislature OF your Stdt'
| be called to the subject, ana tnat IL ~
requested 10 enact such legislation a.
will result in the submission TO a deslg
mated public official of the state re
ports of condition by all banks. bank
| ing institutions. and private banks doin'
| business i'm your State at the same dates
on which national banks are required
TO make their reports 10 the Comptrolle
| of the Currency. Provision should ais
be made for the prompt tabulation am
publication of these returns.
81 inclose for your information form
for reports of condition and OF divi
dends and earnings, furnished to ma
| tionaI banks by this bureau, and sug
gest that similar forms be adopted an
used by State banks and bankers
COPY of my last annual report to Con
gress. containing a compilation OF IN
national-bank act and a digest of nations
hank decisions. together with other II
formation of interest regarding forelg
| and domestic systems OF banking, ma
been addressed 10 you.
81 trust that at the earliest pracucaDl
| date YOU will give this matter carefl
consideration. and make such specifi
recommendations 10 your Legislature 0
the subject as will result In the enac
ment of laws whereby the Comptroll'
of the Currency may fully comply VIII
the act OF Congress hereinbefore quoted