The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1907-11-13
Confers With Bankers, At
torney General and
Judge Lawlor
SITUATION IMPROVES
Activity in Stock Market
Indicates Return of
Confidence

Governor Gillett returned to
Sacramento last night after con-
ferring with officials of the local
savings banks. Attorney General
Webb and Judge Lawlor. At the
conference with the bankers the
financial situation was discussed,
and at the meeting with Webb
and Lawlor the subject of changes
IN the code allowing the courts to
hold sessions on holidays was Civ
en- consideration.
Before leaving last night Gil
EFT said that he had not yet
reached a decision as to the pro-
posed extra session. Friends OF
the governor are under the i'm
preston that he viii call the legis-
lature together about the middle
OF next week. The only cloud on
the financial situation yesterday
was the temporary suspension OF
the California savings bank in
Oakland, but this had been antici-
pated, and was without effect on
the local situation.
Governor GHlet was oloseted for a
prolonged period yesterday afternoon
with " E. Palmer OF the Humboldt
savings bank. George Tourny Of the
German Savings and Loan society and
p NJ Tobin Of the Hibernia Savings
and Loan society. Palmer. Tourny
and Tobin represented the san Fran
cisco savings banks and reviewed the
financial situation with the governor
ar great length. They urged that an
extra session be called and indicated
changes in the law which they
thought would assist materially in re-
lieving the situation.
An amendment which the repre-
sentatives OF The savings banks urged
the states money with banks at
PER cent interest According to the
Interpretation given this law by the
attorney general, only national banks
can avail themselves Of this privilege
Ia framing the law it was the inten-
tion 10 make fl include all banks. and
the savings institutions desire to take
advantage Of the opportunity thus Of
fered In order to obviate any diff
Guilty in the matter il was proposed
by the representatives Of the savings
banks that the law be amended in
order TO allow state. county and city
treasurers 10 deposit money in the
savings banks It was pointed ou,
that the savings banks were the
largest tax payers and that the deposit
OF tax money in these institutions
would work 10. the benefit Of the de-
positors, which means the public.
SESSION WOULD BE BRIEF.
In the conferences held yesterday
the governor expressed the view that
Il an extra session were called he de-
sired that il be confined to as few
subjects IS possible and that it com
plete its work in as short space Of
time as possible AS the three topics
olsmoring for attention the state ex-
ecutive named the postponement of the
date on which taxes become delin-
ouent. the ratification OF the San
Francisco charter amendments relat-
ing 10 the deposit Of public funds in
the banks and the issuance Of per
cent bonds and the change in the code
enabling courts to hold sessions on
holidays.
It was stated that the governor did
not favor the suggestion that the
other amendments TO the San Fran
cisco charter be taken up at this time
He EXPRESSED the view that this would
tend TO widen the scope Of an extra
session and likely lead TO unnecessary
confusion. A suggestion had been
made that the legislature could ratify
the amendments granting an increase
in salary TO the hremen and police
men.
When Gilett reaches Sacramento he
viii Immediately give his attention tc
the mass Of correspondence relating &c
the proposed extra session which has
accumulated at his desk in the capitol
II have been so busy listening tc
other peoples opinions that have not
rad time to form one Of my own said
the governor last night in discussing
Continued to Col l. Page