Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-02-15

yorE WAS NEARLY UNANIMOUS
., p,o,ldes for the Examination
D' Of Private Banks Worlds
Fair investigation

. ,hs house adjourned yesterday
WV, y, a had reached house bill NO.
p't A. Anderson, providing for the
~ n.Ao1 Of private banks ON re-
p1" nning I'm the evening the bill was
.n nm with u strong lobby ana a
"o ss,hI influence against IT, Despite
w ambition the measure proved TOO
W.. .,or,us for defeat and after inc
.s, had been discussed pro ana con
mn .,ms fine. Il passed Oh a ilnal vote
W ., a.,s TO 4 nays, Those voting In
q" osg,uye we're Anderson, A. W.
WV u,1sy kinney and Speaker HUI
'y Tho, ,be bill was reached IN the
,o,rooon Joseph moved to make 1t
.ns,aI order for Thursday night
eating as he did 80 that he had some
..,oyspt data coming from Colorado,
soyoral members opposed the motion
!. ,bs bin had twice been ON the cali
a,1,r for consideration, but each time
srlon had been deferred. Tho motion
hlNNN N''
failed. ,.u r.sonb orfered an
o,fmsnt changing the wording ot
the tide from bank examiner , w
state Inspector and examiner, t4ls
with the idea I'm view OF making tne
examiner au inspector general, so 20
sneak Wilson suggested that inc
Words steam boilers be attached 10
ma amendment but Joseph couldn I
sSs thc point. The amendment was
anderson. author Of the bill then took
tbe door To explain It's provisions lie
srgned that there was just as much
reason for the examination OF private
lanks MS for the examination Of state
and national banks. He referred to the
srbettlrr failure as evidence of tho
need Of such I'LL. and said there were
hit two N,mB upon which opposition
might be based, either the bank would
mol bear examination or enormous sums
We're cscaplng taX6ion, The speaker
Was asked whether the measure was
intended to apply TO mercantile houses
taking deposits and he replied that IL
was Intended to cover all institutions
Advertising a banking business or pay
ing interest on deposits.
TOLTON MOVES TO AMEND,
Joseph argued that the state had no
more right to examine u private bank
than il had 10 peer into the private
affairs of an individual Tolton moved
to amend by striking ont the word
private before banks and inserting
4 provision that amy person or per-
sons receiving deposits or doing q bauk-
ng business not subject to examination
under this Ohe preseuO law shall dis
play a card at least 10 by ~ inches in
some conspicuous place ut his place OF
business ON which card shall be print
ed This bank is not subject TO eNam-
nation by the state bank examiner "
The opponents Of the bill readily con-
@lied Go the amendment, Kinney one
VI The committee reporting adversely
On the measure, supporting the motion
IN speaking to the question he referred
10 the man who has been active In
working for this bin and who was for
nerly state bank examiner and Is
bow IN this ROOM" meaning X, Il. An
iers0n, receiver for SChettler's bank.
Miller asked II II We're the fault Of
lhe state bank examiner that the Schet-
u'r bank had not been examined.
speaker HUI suggested that It was the
lalIt Of the secretary Of state. Pro-
.'edlng, Kinney stated that there was
Dlt one private bank In the state,
Nhereupon he was informed that there
vas one at Logan, two IN BoXelder and
another at Corinne"
Roberts opposed the amendment, as
destroyed the purpose Of the bill.
AcCrea characterized Kinney's argu-
hent as false I'm principle and absolute
inconsistent. He also cited the gov
unors message and believed that IN
ns there was sufficient reason why
he 6lll should pass The Tolton amend
nent failed.
BILL GOES THROUGH.
lne final vote being pressed. the bin
PASSED on the following roll-call!
Ayes-Allen, j. A. Anderson, Austin
CaiIoll Christensen, Gotham, Cromar'
CcWVn' Daily, Dean, Edward. Flshburn.
gunliy Hone, Hope Johnson. Jones,
,%sph lehanged vote. Luther. Lyman,
Vaughan, Marks McCrea. Miller. Pace
so,aNyeNe Painter Peterson Roberts,
oWQnS, SPENCER Gtpyurf Stonko,