The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-01-11
STATE EXAMINER REPORT
He Files His First Annual Report
With the Governor.
YEARS WORK OF OFFICE
Statistics Gathered From the Counties
and Banking Institutions OF Mon
tana-Interestirg Synopsis.
Financial Condition.
specia, D,spatch to the standard.

Helena, jan lV.-JOHH H. Mpiohsf
state examiner. to-day filed his first an
nual report with Governor Smith. 1t is
"a very exhaustive document, replete
with statistics gathered from the vari-
Gus counties and the state banking in
stitutions over which he has supervis-
ion. The following synopsis Of the re-
port will interest the public:
I'm compliance with the law / here
with submit for your consideration the
annual report of the state examiner
office 1t constitutes the third report
made and is for the year ended Nov. 80,
1887. Under the law creating the office
of state examiner and providing and
enumerating the duties thereof. among
other things 1t is required that reports
of all examinations. inquiries and in
vestigations when had. be made TO the
executive department as well as to the
immediate supervising authority. Thus
when an examination of county and
the official conduct of its officers is had,
report is at once made to the county
commissioners of such county and also
to the executive department OF the
state. OF the examinations had of the
conditions Of state banks. state lnstl-
buttons and state officers, report is made
directly to the state executive Office at
once.
Complying with such provisions re-
ports have been made to your excellency
from time to time as the examinations
were had. Therefore of examinations
made and inquiries had along the lines
of the official duties of this office. and
to the details thereof. in this report no
reference will be made
Years Work of the Office.
THE examiner and his assistant. l..
d. Kennedy, al the close of the fiscal
year. had been incumbents of the office
for eight months, during which time a
was made by the examiner of the af-
fairs of all the counties of the state and
all of the state banking institutions
therein and of such examinations and
all OF them reports were regularly made
10 the proper authorities.
What the Office Did Not DO.
mo examinations of the states offices
were made and no attention was given
to building and loan associations.
1.-THE checking of the state officers has
been deferred for two reasons. First,
coming into Office after the LIST of March
1897, and April l having rolled around
before the outside work of the Office
for the year could be undertaken, no
time or opportunity was had TO devote
TO the state officers, and second, the
months of January. February and
March for several reasons is the proper
time for such examinations. and. ac-
cordingly. such work has been SO
mapped out.
building and Loan Associations.
AT the last session of the legislature
a law was enacted relative to building
and loan associat lions. which repealed
the laws Heretofore governing such as
sociations and placing them within the
jurisdiction Of this office for eXamina-
tions. This law took effect on June 30,
1887, and at that time no foreign cor
poratlons of this class had complied
with it's provisions,
n
proviso that the act should not apply
to domestic associations unless they
elected to come under its provisions
and as the old law regulating such as
sociations was repealed, / submitted the
questions involved to the attorney gen
eral for advice as TO my authority IL
the premises. / am now advised by him
that all such associations are governed
by the law of the Fifth legislative as
sembly and must comply with its pro-
visions. This being the case, / shall a.
cnce proceed to act thereon and ali
such associations will be examined as
early as possible.
Tabuiated Portion of Report.
liable / shows the amount of money
employed as capital and surplus in the
banking business of all banks in Mon
fana, also the total deposits therein.
This compilation is, | believe, the first
of the kind ever completed in the state,
and while it does not take up much
space, Ii involves a great deal OF work,
and is, to my notion, the most interest
ing table in the report. And while APP
preciating fully the value of this data
in the bank department of this Office,
do not believe / will undertake 10 secure
1t another time. The private bankers
of this state are very 10th To take an
examiner, or any one else. into then
confidence to the extent of giving them
information amounting to the very es-
sence of their business. and l don
blame them for ii, either. However
they gave 1t to me this time and / ap-
preciate it, And the result is no dis
credit to the state. Table shows II
detail the condition of all of the STATE
banks. Table is a summary of TN
bonded indebtedness of the state, in al
of it's political subdivisions. The result
of the compilation of this table demon
strates what a big item an interes
charge is. The annual interest charg'
on the public indebtedness. bonded anC
floating, of the state being about S446
1880.
.The remaining tables have to d'
with the public Indebtedness of the stat
and counties. the several sources Q
revenue and the various channels of ex
penditures in detail. Table 4 summar
rizes the net debt of the state and coun
ties The statement Of the financia
condition of the state makes Ver'
good showing Nearly all of the coun
ties are in good shape financially
Table shows by counties the as
sessed value of the state for the yea
1897 to be $3.50. 757 All. an increase of sic.
600 900 over the year 1896, a very sub
stantiaI gain. But in my opinion, tn
valuation was not brought up to wha
il should be.
"a reference to the detailed report o
Abe state board of equalization dis
ArrSkeses that $2.36 CSC in money was r.
lsed in the state for the purpose g
fcr rnent, while table ] of this repor
that there was over 81 900, 900 o.
ae Cash Buyers Will Find