Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-12-19
Tonopah, Dec. IS, 1907.


city, or town. to answer your ques-
ton, why not open the solvent
banks?"
The law, as passed by the last Leg
islature, created Board of Bank
Commissioners, defining their duties
and providing for the appointment of
Bank Examiner. That act was APP
proved March &c, 1907.
The Commission consists of the
Governor. Secretary of State, and the
State Treasurer Not one of the mem
bers of this Commission is a banker.
Governor Sparks is a cattle man, and
as such possibly can handle the
branding iron. The Secretary of
State is not a banker, but politi-
clan. Now we come to the one, and.
only one on the Commission who has
any pretension to being a banker, or
a competent man to handle the affairs
of any financial business-Mr. David
NJ. Ryan. He is State Treasurer, and
as such he is member of the Bank
Commission.
He is at the same time director of
one of the banks over which his Com
mission has control; in other words,
he appoints man to examine his
property and report upon his posi-
ton as banker to him as a Bank
Commissioner. his condition as a
banker.
What is the duty of the Bank Elk
aminer under the act above referred
to? To first issue a license to every
bank, savings bank, banking firm,
corporation or company, or any other
corporation incorporated under the
laws of this State, or any other State,
n doing banking business; to furnish
blanks, etc, and report to the Board
of Commissioners, etc. Section 5
provides it shall be the duty of the
duty of the Bank Examiner twice in
each year, and as much oftener as in
his Judgment may be deemed neces-
sary, without previous notice. to visit
and make personal and full examina-
ton of each and every corporation
mentioned in Section of this act
to inspect the books, papers, notes,
bonds, or evidences of debt of such
corporation and all securities to as
certain the condition of every such
corporation, it's solvency, it's ability
to fulfill its obligations, and shall re-
port it's condition to the Bank Com
missioners, as soon as practicable af-
ter such examination
Has the law been followed? Has
the appointee of Mr.. Ryan, Bank
Commissioner, reported the condition
of Mr.. Ryan, banker? If he has not,
why not? If he has, where is that
report? Certainly it is not the re-
port that Bank Commissioner Ryan,
requesting the depositors to accept
as statement made under this law,
that Mr.. Ryan as bank director was
perfectly safe in saying that the
banks We're solvents
Section 6 of the same law says
that the Bank Examiner must ex-
anime, under oath, any of the Off
GERS, agents and servants of any such
corporation in relation to the affairs
and condition of such corporation,
and may administer such oath per-
sonally, and whoever shall refuse. af-
ter demand and notice thereof and
wit a, t0
FOR testify under oath before the said
Bank Examiner, in the discharge Of
his duties, shall be guilty of a mis-
demeanor and on conviction be pun
ished
Has the Bank Examiner done his
duty and examined under oath Mr..
Ryan, director of the bank, and re-
ported to Mr.. Ryan, Bank Commits
sioher, his statement? Has he ex-
amined under oath the president G;
either one of the banks, or any other
officer? Certainly there is no such
statement made to the depositors OF
course, as depositor | am anxiously
looking for that statement made by
Mr.. Ryan, director, to Mr.. Ryan
Bank Commissioner, through his ap
pointee.
Section of the same act: IF the
Bank Examiner shall have know
edge of the insolvency or unsafe con
dition of any corporation mentioned
in this act, and shall neglect to re
port the same in writing to the Banl
Commissioners, as required by thi
act, he shall, on conviction thereof
be punished by fine not excsedin.
100000, nor less than $4,000, or b,
Imprisonment or both, and his offic,
declared vacant"
Has the examiner knowledge o
the insolvency of the banks? Has h
knowledge of their unsafe condition
Has he reported the same to Nj
Rvau RANK Comn1icsionar and bo