The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1905-01-19
Bank Commissioner.

securities.
Bank Commissioner.
The appropriations made for this de-
I partment during the past biennnium
amounted to $500 90. The fees col
lected and t4rned into the territorial
treasurer amounted to s4,5s5.0O. The
department has been almost sef-sus-
taining during the period reported, The
appropriations only exceeding the
fees by 1926 90. The law requires cer-
tain duties OF the commissioner but does
rot make sufficient expense ap-
preparation for him tp successfully
perform them.
The assistant bank examiner does
not devote all OF his time to examina-
lions, as ne is required to do office
work. but he could assist very mate-
rally in the examinations II travelling
expenses wsre provided.
The banking department OF Uklaho-
ma is a very important one. 1t is con-
stantly increasing In magnitude
There were two hundred and fifty
five territorial banks IN operation on
the first of December 1904. During the
Fpass biennium there have been two
hundred and elghty-one examinations
and II should not be forgotten that this
was done with an expense allowance
for office rent, light and travelling ex-
pense of only six hundred dollars
($600 00) per annum. II Is insufficien.
II bank closes its doors and there
has not been a recent examination the
department is censured How a de-
partment with six hundred dollars in
cidental expense ccount per annuni
can examine 255 banks even once dur
ing the year is a ard problem 10 solve.
' 1t can not be done by one man. TWO
men working the entire time could
scarcely meet all requirements. The
banking interests Of the territory afv
constantly increasing and II proper SER
vice is rendered proper facilities for
promoting the work should be pro-
vided. The provisions which applied
when there were only fifty terrific
rial banks VIII not apply when there
are two hundred and fifty-five and the
number constantly increasing.
This Is a matter which IS submittef
for your most careful consideration. II
deals with conditions IN which the
masses OF the people are vitality inter-
ested. Oklahoma Is being filled with
banks. Almost every little villige has
bank The larger towns have many
OF them. These banks in the asgce-
gate nave enormous deposits. larg.
amount 10 this money belongs to the
farmers, the merchants and Industrial
classes generally. II the banking de-
partment protects these interests CAS-
far as IL can protect them) provisions
should be made for more frequent
examinations.
National Guard
Oklahoma maintains a regiment Of
National Guard. During the two years
past marked improvements have been
made In this organization. The arms
msnt and equipment furnished BY the
war department during the past bien-
mum assisted very materially in rais-
ing the standard higher than II has
ever been before IN the history Of the
regiment.
1t is the purpose OF those who naye
control OF the guard TO spare nN ef-
forts to make It compare favorsbly
with any Of the organizations OF Ike
character throughout the country. The
war department has been liberal IN fur
nishIng armament and equipment, but
the territory Is required 70 make pro-
vision for general and incidental ex-
penses. A body OF drilled troops in
every state and territory Is the policy
of the government. and 10 that end IL
ls working BY a very liberal allot-
ment OF arms and equipments the war
department is building up organizations
OF citizen soldiers all over the country
which relieve the necessity OK q great
standing army. In the event OF war ths
government could call into action
vast army OF fairly well drilled citizens
IN very short time. But, in addition
to that feature Of the situation. the
guard Is a formidable police force IN
case OF insurrection or any kind Of
disturbance that might menace the well
fare OF the commonwealth. II Is not
the purpose OF this department 70 be
extravagant. but Il Is greatly to be
desired that sufficient provision be
made to enable the officers 70 mamtait
creditable armories and take care Of
the property in a suitable manner.
Oil inspection.
The Seventh Legislative assembly
made some radical changes IN govern
ing the inspection OF oils. The law
as il now stands provides for stated
salary for the Inspector with an allow
ance for contingent expenses; II also
provides for certain fees for deputy
inspectors. and that the excess after
paying the deputies shall be turned
into the treasury OF the territory.
During the time that tae new law
has been In operation the sum OF sls,
0s7 So has been collected. The fees
paid to deputies have amounted to
ss,12s. s2. The balance ss.s45.5i has
been paid INTO the treasury.
The present law works quite differ
emily from the one that preceded g.
The former law was defective and diff
flouit to enforce. but Il is believed that
the present law with n slight nlodifi-
cation will meet the requirements. and