The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-15
BANK MEASURE
GOES THROUGH
Provides For State Inspection of
Private Institutions.
VOTE IN HOUSE is 81 TO
COMMITTEE PACKED BY SPEAK.
Err HULL AGAINST BILL.

IL house bill No. ;. by J. A. Anderson.
providing for the state inspection OF
private banks, had also provided for the
inspection Of steam boilers, bowling al
leys. sewers bakeries and a few other
things. It might not have met with the
opposition il did from Harry Joseph
the measure.
AS it 50 happened, the measure passed,
Features Of the debate over the bin at
last night 3 session were % Insinuations
AGAINST FORMER Bank Examiner r. r.
Anderson, receiver OF the SchettIer bank.
Who was present o. The opposition OF
Speaker Hull to the measure. Hull voted
nay on final passage. although there was,
Snd has been. general impression that
ne was lending his aid toward the bill.
The fact that Speaker Hull ana The four
members of the banking committee who
had returned an adverse report on the
ure. caused several significant glances
from different quarters. II was regarded
TOUR other opponents OF the measure
a. V. Anderson. Hawley, Kinney and
JoseDh-had been selected for that espe-
cial committee when e was expected such
bill would be introduced
As soon as the bill came before the
house Joseph attempted to make IL a
special order for Thursday evening, say
ing that he had some important infOrma-
ton coming from the Legislature OF Colo
RADIO pertaining to the measure. Joseph's
motion did not prevail.
Joseph, who was one of the majority of
favorable report on Tie bill. then sought
10 change the title. bank examiner" to
elaborated on theory he had in mind
whereby the inspector, so-called, might
examine into the affairs of every state
Wilson proposed that Joseph include
steam boilers in the list of items eligi-
aminer's hands. Joseph's amendment lost.
J. A. Anderson in Explanation.
floor and set forth the provisions of the
bill He called attention to the fact that
national and state banks were examined.
Why was not a like examination he asked
good for private banks? He cited the
Schettler bank failure as an instance
where examination would have revealed
rotten conditions.
He took a fling at the opponents of the
hlI, declaring that there We're but two
points upon which a person might base
opposition either Ibis bank is in such
condition that 1t will not bear eNamina-
OF money is escaping taxation In either
case. Anderson pointed out. there should
be an examination.
Much discussion ensued at this point as
to whether the bill covered mercantile in
stitutions taking deposits Anderson con
Strued the terms of the bill TO cover any
mercantile institution advertising bank
ing business or paying interest on de-
poSitS.
Joseph said that NTcCornick's was the
only private bank in salt Lake, and from
this statement branched into the arsu-
the affairs of this bank than into the
affairs of other private business enter
prises.
ToIton Offers Amendment.
lotion proposes. an amendment striking
out the word private before banks ana
inserting provision that "any person or
persons receiving deposits or doing
banking business not subject to eSamina-
PLAY card al least ten by twelve inches
in some conspicuous place at his place OF
business or which card shall be printed
This bank not subject to the examination
of the state bank examiner.
While Tolton was not inimIcal TO the
spirit OF the bill. as shown by bis tinai
vote. bis amendment was readily accepted
by the opponents of the bill. Kinney
FASTENED to uphold it. During the course
of his address Kinney referred to 1.-The
man who has been active in working for
this bill. and who was formerly state bank
examiner. and is now in this room
who sat in the gallery
Kinney was asked ~ Miller if il were
the fault of the former state bank eX-
aminer that Schettler's institution had
not been examined
"Of the secretary of state corrected
Speaker Hull
Several Private Banks in State.
Kinney then stated that there was but
one private bank in the state.
There's one at Logan came from
Two in Box Elder followed Fish
burn
Another at Corinue,' sang out another
representative.
Roberts opposed the amendment. char
acteriZing il as a rider which destroyed
the whole purpose Of the bill. He quoted
the governors message in support of the
bill
McCrea then got the floor and proceeded
10 Land on Kinney.
The latterS argument asserted Nc
Crea. was false in principle and absolutely
inconsistent. He also quoted the gov
ernor's message and believed mat in this
instance. at least. guberna torial paternal-
ism was to be favored. He defended the
former bank examiner by pointing to the
present law. He did not believe the
amendment had been made in good faith.
Tho previous question on lotions
amendment was called. ToltOn defended
himself against tho charge of poor faith
in introducing the amendment The
amend ment lost
Joseph directed several questions of A
foreign nature a Anderson. but Speaker
Hull ruled them out OF order
The call for the final vote was inStstent