Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-01-13
Tells Moran Matter Of the
Savings Bank CONS.
Had Already Received His A.
tention, Before Lattsl's Letter
Which Was SHen b Plsss Before Being
Delivered to the Governor.

Boston, Jan. Zone OF the first
matters to which Governor Guild turn
ed his attention today was a commune
cation from District Attorney John b.
Moran. calling for the removal Of the
savings bank commissioners on &C.
count Of alleged negligence in failing
to examine the condition Of the Presi-
dent Securities and Banking Co..
which is now in the hands of custodi-
ans. For sometime the Governor was
in consultation with Attorney General
Herbert Parker with II ference to the
matter. Afterwards The governor adj
dressed a letter to the Iii ct attorney
replying TO the communicates, from that
official.
Later in the ,Av Gov. Guild made
public mis- letter t. Mr.. Moran. The let
ter follows.
"Honnrtbit John y. Moran. District
Attorney. s;u'foi'. Dis ct =
o Sill am il receipt Of your letter
ot Jan. a. You Viii regret. I am sure,
that Doubtless though NE advertence
Of S-'.?!c suhuTd:n.:c, t1j. piece Of Of
fetal CORE .spondPr>e' Nas not deliver
ed IT this oh'@e b,.. WIS l"ft at my
residence al n.ly III til shape OF a
newspaper 'nimsy' ac.., hours. as
have l~ason to .uN. a"tAr it had been
given 10 the pres.
You will. I am sure. be glad to
learn that prior to the receipt OF your
letter myself had brought, not general
charges, bit Certain specific acts of
those commissioners To the attention OF
the attorney general, HAT he might
rule as to their duties under the laws
affecting that department
he subject matter ~ ,-our commu-
nica ton therefore had atrrr.Ly had the
attention of the eXecutiva who, fn-so-
far as legal questions may be involved
Will continue to act upon advice fur
hishec by the attorney general, the
law officer provided by the constitution
Of the commonwealth OF this purpose.
Respectfully yours,
CURTIS GUILD, Governor
After receiving the Governors letter
Mr.. Moran addressed a second celrmu-
nication TO the chief executive In con-
nection witt. :hc Governors suggestion
as to giving the first letter to the press,
the district attorney, it is understood,
will axe affidavits from newspaper rep
rescntatives, to prove that the con.
tents Of the letter were not made public
until after its delivery to the governor.
Senator Charles L. Deane of Maiden,
chairman of the joint committee on
banks AM. banking. and Representative
Eugene F. Endicott, house chairman OF
that committee, called on the Governor
today by request in connection with
general banking legislation. After
wards Senator Dean said that his COM
mittee was going to try for legislation
to prevent such companies as the Prov
ident Securities & Banking Co. from
doing business in Massachusetts,.
During the day Rep. Callahan of
Lawrence filed in the House a petition
and bill relative to banking institutions
doing business in Massachusetts,. The
measure provides that all national
banks and trust companies doing bus
mess in Massachusetts shall file annu-
ally before March sworn returns with
the assessors of cities or towns show
ilig all deposits over $1,000 and the
names of the depositors; also list of
all stocks, bonds and other collateral
held by the banks as on record on
Feb. l preceding
Brig. Gen. William II. Brigham, in.
spector general Of the staff Of Gov.
Guild who was formerly a director Of
the Provident Securities and Banking
Co. To-Day today sent his resignation to
Gov Guild but the latter refused to ac-
cept 1t. Gen. Brigham notified the gov
ernor that he was prepared to defend
his connection with the banking COM
ranS but that he did not think the pub
lie service should be embarrassed upon
the Issue, 1t seemed hest ~ him to
said, that he should meet any inquiry
as private citizen. liz declining to
accept the resignation Gov Guild ex-
pressed his appreciation OF the high
motive that prompted Gen brigham.
He said that he would hold the resiE-
nation under Amusement until the com.
pletion OF the investigation Of the bank
ing corpora ion now in progress in thu