New-York tribune., 1903-02-24
MARSHALL BILLS FATE.
ITS P4SS4GE DOUBTFUL.
IF It Is Reported, Many Important
Changes U'M Be Made.

Albany. Feb. zS.-The fate Of the Marshall bll
prohibiting trust companies and department
stores from advertising TO Go or doing a saw
inzs ba nix business viii be decided this week
The committee on banks Of the Senate viii meet
Wednesday afternoon. when the bill viii be
considered IT executive session Senator Prime
who il chairman Of the committee. says that the
various amendments suggested including The
one presented by Arthur = Andrews. as resre-
sentative Of the Union Trust Company Of Al
hanv. VIII be considered.
The thing apparent is that If the biz ever is
reported it VIII be in a changed form and al
most unrecognizable TO those who assisted in the
original drafting The bill has aroused the ami
mostly Of most OF the trust companies of New
York state and there are almost eighty Of them.
according TO the report Of the Superintendent Of
Banks. F. D. KTburn.
Mr. Kiburn asked al the recent hearing
Why. II the trust companies were violating the
Law IN posing saving institutions and using
deceptive means alleged by George W.
Wickersharn. counsel of the Savings Bank As
sociation Of tae State he did not proceed against
these companies under the present law He re-
piled that he did not wish TO give any one trust
company "a black eye" but desired 70 enact a
Iav which would meet the present situation. and
put an end to an evil which he believed n1enaced
the savings bank system Of the State.
Then :. q. Welch. counsel Tor the Bingham
ton Trust Company. said TO Nj KiIburn: No.
but yoa give all the trust companies a black
eve by supporting this obnoxious measure
which viii certainly drive many trust COM
NAMES out OF business if il is passed. for the
measure yyiu not only prevent them from doing
3 savings bank business, but viii prevent them
from transacting the legitimate business OF d
trust COMPANY
4 prominent member Of the Banks committee
of the Senate said tonight
Very great influence has been brought 70 bear
against The Marshall bill, and If II gets out OF
committee Il VIII be surprising Al any rate i
= doe get cut the sting now IN Il VIII nav :
bas- removed In the first place PROVISIONS must
10 nsa6e % that trLs, companies IN places WleIe
-hare are no savings banks. as IN OhauLa uqud
-aor-v shall not be inteTfeTed with James
toEn has TWO trust companies but no SAVINGS
hsuk and the people in that territory WouIo
80 10 90 seventy miles 10 Buffalo, 10 make
5anns-- Z the Marshall bill were passed 4heh
II is charged that the language III the b4 Is am
1,ig7,as,s and that il viii have far reachlns
a4sr+ The probabilities are that if the bill is
reported II viii be in greatly changed form
Mr. Prime chairman OF the Banks Committee.
when asked about the measure said that there
would be no hurry IN reporting l. and that due
consideration would be given 70 all details. He
said that he had received a number Of cornr11u-
ricatious from savings banks saying that they
were opposed % The measure. and ne n1entloneo
latter from 2lattsbUrE banks in opposition 10
the bill saving that the result II that iocall1y
would be 10 drive trust company business 70
Vermont institutions.