The Montgomery advertiser., 1903-09-17
Must Cover Four Years in
 Governors Discretion.
Bill Providing for Examination and Regulation of state and Private Banks Passed
 by Upper House.

After four hours of speaking. the Sen .te yesterday evening passed the Nor row amendment to the Blackmon bill providing for an additional $50,000 app: O. priation for the indigent Confederate vet erans of Alabama. During the morning session the Senate considered the State banking bill which was passed during the afternoon hours.
 The Morrow amendment to the old sol dier bill provides that for the years 1903. and 1904, each, the old soldiers shall re- ceive s5oooo in addition to the present appropriation and for the years 1905 and 1sOS. if. in the opinion of the Governor af- ter a consultation with the auditor and treasurer. the State Treasury can stand an appropriation of $lb0.0o0 additional, sucn shall be the appropriation.
 The measure was not passed until after a bitter fight waged by a small ma1ority of the members, who favored the amend ment of Senator Blackmon of Calhoun. which provided that the veterans should receive $l00DO0 each year. not otherwise appropriated. In case the surplus Tn the treasury did not amount to S1oo,ooo' the old soldiers, under the Blackmon amend ment. were to receive as much as rcmaln- ed in the treasury, after all other appro- priations had been drawn.
 oratory of Every Quality.
 Oratory in all its phases ruled through out the afternoon session. The fight against the Morrow amendment was ieo by Senator Rogers of Sumter. who spoke three times, each time at length. sena- tors, who wished to leave the chamoer paired with members who had resoiVeo to stick through the fight.
 Motions to adjourn were futile The body remained in session until I:30 o CLOCK last night but when it adjourned the olii had been passed and ordered to be sent to the House forthwith without ensross- ment.
 After the first ten minutes of discussion. when a test vote was had, it was plain that the Morrow amendment would be passed The opponents of the measure however, kept up a doSged fight. Every senator present who did not speak, when the bill was last up for consideration spoke yesterday, with the exceptions oi Messrs. Acree. Arrin~ton. Bostick, Ken nedy, Lynne No. d. Spragins anc Wolff. All of these, with the exception oi Senators Acree, Lynne and Spragins made pairs and left early in the after noon.
 Morning Session Begins.
 The Senate convened at 1O:30 o'clock yesterday morning with twenty-two mem bers present.
 The devotional exercises were led bI Senator Norman of Cnam0ers.
 The special order for the morning ses sion was the bill providing for the regu lation of State banks. Senator Lancaster of Elmore announced that the Committed on Banking and Insurance had taken th' two bills of the Senate Recess Committee which provide for the regulation of thu banks and the appointment of bank in spector, and had made one bill.
 It was moved that the bill be taken ul section by section. The motion prevailed
 Senator Rogers of Sumter, took tn floor in opposition to the bill. He though the legislation was vicious. It is calcu lated, said the Senator from Sumter, t' crush out the smaller institutions by re puiring them to make reports under oatl of their resources and liabilities fv' times a year.
 Senator Rogers wanted to know of wha value a report would be to the deposltint public. In the financial panics within the last decade, he said, more Nationa banks failed in Alabama than any of thu little institutions. The inspector migh report sundry notes assets but thes' notes miSlt be as worthless as the pape on which they were written.
 He called attention to provisions in th' bill prohibiting banks from lending money on real estate as security. This he said, would work a severe hardship on the small banks, as lending money ol this security was one of the principa sources of profit for the country banks.
 Championed by Castleberry.
 Senator Castleberry of Talladega. saiC that the Constitution Is mandatory il requiring of the Legislature to pass bill of this character. He had no per sonal interest in the matter. He had n interest in any bank but after discussinl the bill with a number of State banker he was of the opinion that the bill hat been admirably framed and should b. passed
 Senator Lancaster read a letter iron the Treasurer of Georgia. stating tha under a State banking law. conditions il Georgia had been greatly improved. H