The sun., 1900-11-26


. +. g., =. 49,. A.. A..
'" w" sys"n -hoe s"u" =. WV. 80
el<s<ro The total ovtsSnd'ns cncus-
a., "a. a.. 4. ..,n,.d NV lavful money and is
.s'ss"s " .'oW.o v, .""'n 49," '"'
W noo~s- OF Ie,remsn, %. ,o,a, comd-
.N,ON There we're uen aDaJ national banks
IN operstion. rith y combined onpiliI 81 1882
isnsi D.hl, ~ ,Srs s9'" oyrf d. .S"c 90 I. srcatsr
lie rccoinmcnds an snendncn, of .ec,i2n
coinptfolier 10 ~ Currency 10 extend for, q
nf eordiIon.. ."',Ga aSd p%tSn. % iS ITO c.oS % b. I'D
act. the charter IL such expiring ns-ncia'ioh
~ may desire to continue IN thc national bank
e syst.m ,,
feature of tSe report. Is one Tor additional
restrictions upon lnlns to directors and a1.
S,ys that % t6c large perccntas" Of bank faiI.
uros attributable 70 excessive loars 70 directors
and olloer. .hich AMOUNTED ty AZ t,lnre, or u
led him 10 a careful Investigation ~ 20 nl di,
ractors' loans now out tstandiux Ia the national
banks of the country This Investigation
from 'Se na,tona I banks of .s,Vo ~ director.
directly ar irdlTectly indsSted to national
hanLs und.r their manaEement In. aggre-
gate sum owed by .hese isSsA oorr"M.S ~,
,o S, e'u ,., s.." o'''e 49, s~s tho
VII ~, III = w., 49, W. E,,y.t ha 9ouu.
g., o, n 5 S' n, vac ,rsi i,s Iei r. ,nnvs lint
the dirSC, and II dtIect IiaGiii uf aiT,ctofs
snd ni1,cers a,,,,mt.d Ia 4. si Nor cent or
about ona-third the cltiJ'I ihey direct
".rs in hnnIs und..r tScir man sorI.nt amount
sd 70 !, ~ n,.r car, ~ ,h. Toll ,"an and dis
~ ,. ~ - Sna,t,o,l a. 49,, 'N'' VS."
cowi cWi % thar me ,ah.s a. nos nsesssary ind-
,,,, that nstinnnI hsnkirv nflcars and di-
r..c,or. nss az whni. abnss tlf urIyiIss.s an
m9SnT of tbsss S direc,ors. lHsns ar. among the
many y, t nnSe - ". H. we hsnLs Tho 9nnn
Nvn N p%mnem % D. w, his. .Say nI.s,Iv the vret Z
Enportance OF profery framsd law placing
Wnaa inon. In wfjcS III, s.rsrisnca "f lie
hnrL,rS sv..sr, ,eachs. il Involved the great
oHnss , ~ ~ - ~. io,,e,.r - snd iar nss of hant-
sN dans,r OF 'he n''p'ope' anu mn uS' VI ''''"
'S w 'ei'1 rn,,rtro,,.r suV,e.ts that after the
wa,Is in aeeCt,nn ss1S IN. t"tal Nabillti"s
W an, o.nra,, 49,, "s 'a,,n for money.
%orapany ,oorvdipS colrvii IN rho ,iahIlites 81 com
PAM or finn tie liabilities OF the ssyeTai meIah,
sr, ., ~. o,Son, q, th. nani,si stocs Of sich
pa, Ti IN, VIZ aant,,aiiv naid IN m, Following
words be ndSed ''
pro-id.d That tss ,.s,rr.iOn Of ,his section ss
,e nv ., %, ~ snT oompsns eorpoaton OF
tfln Iot money ooiIo.eI ,, 1 ~, pSsy,si toc
shs +. is,s ,han r,t cent, Of ;hc total assets Of
san neng ~ vi 'h, s, ,in.- n,c,rss by oDisteral Sc
Sr,,y equal 20 OF greater in value than the eIcess
,h, amount of said loan over one tenth Of the capt
,al s,ocE
. strict renaItv enforceable by tie Comp
,,hsu u,Gu hoipp,J pr,Jh then he nrovided for infrac-
Uourr s.puuu tli't sopt,on bv the oficer,
uVhs oi 'i,o a,natia tba tomntrolier 10 awe
OF oahEs ~ snn eau snrers and strct Comnliance
80 siui, ,a,ms Tba snugested amandmens
Win v.in & s el anson saoo lust and enuitatle in
VIII nake III a,on,i' 1o 'hsnts and 70 ali COM
ts reiatlon 70 NJ iiau,u,.I rn snd sna which
i'ih,vies \, ~ nnt az ~ npasent Ta. i""' '' -
IL wouio hot iessen u.o on "','' a. o",nnIianne
smqii.t oanss n,So, 90" ~ !, ",onds NJ present AZ
with the secto'i rs ~ s'a'' n, iiwr H. tie isroer
the same II,e "Uu nn uirHi,ridnat nr or CORN 1ra
banks 70 %an an az nor Cent nf the capitsl Unless
tloh more u!hl 4! pe , -, hoi, 81 aec,,rsd for the
such loan. "a auo..on ~ Vos 20 .reotar nor cant
eE'pss % wouiu n,s No. tb,n is consstant With the
Of the totu assets man - ~, ss,,l,snt
soie @distIi.ultom @ ~ tI,,,si, ui los'' anu '"e
p3ntecton W ue a,s ,ho. nuhlic nol,cv
The Ccmptroner sa,t wa, INV, puuthu o,ld no,
demands Ihat naihs % We o,har hyri sn Iaros
u" moved 70 HIo,,au ~, " III hih H. ahaory ia "a
nnTton OF WA, iu,u nd VIM, q, ~ ,ba pr3,action
s.u,h''i - - Il, ',,..S,i. srl'a, .bcItId