The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1907-12-03
GOVERNORS
MESSAGE

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action by or against a citlzen OF this
state. either by original Cling or by
subsequcnt removal avoid the courts
oi this SKATE. and have his case tried
Sd the f5aeral courts In case the
amount involved be more than two
thousand dollars; there are many in-
siances in which ] consider this is un-
fair to the people of our State and
gives a speciai privilege TO the non-cit-
izen. greater, ] believe than Congress
Intended they should have; and ] also
believe Congress IN It's wisdom. con
templated that ihe states might regu-
late 5hls in cerain cases. For ex-
ample. the foreign corporation, which
practically domionez itself in our
State by setting up its agency. obtain.
ing certificate authorizing IL
a. do business within our state,
and constantly dealing with our
citizens SC Is my opinion that such
corporations should be required to
submit differences with our citizens
to the courts OF the state. While !
do not reflect upon the Federal courts
rs an inadequate opportunity for sC-
curing Justice The limited number OF
Federal courts makes 20 necessary for
many OF orr people TO incur the ex-
pense and loss Of lime travelling great
distances and waiting for their day OF
trial in a crowded forum instead Of
being permitted TO enjoy he conver-
ience OF a court in q county wh.~e tney
reside. and where the cause Of action
arose
! find that many foreign corpora
lions have taken their charters from
distant states ia order 10 enjoy just
snch special privileges. also find
that they avail themselves often OF the
special privilege of carrying causes
q the Federal courts as "a means OF
Inducing unfair settlement
I believe that these corporations
which come into our state 20 do bust
ness and obtain a state license for
mat purpose. are TO be welcomed by
us as a part of the busincgs interests
of the State. and that they should
have just protection and an oppor-
tunitv- to secure instice in our state
courts, but ! do not believe that they
should enjoy this special privilege
which, while a favor 70 them, Is q
hardship upon our citizens
Therefore. believing that Congress
intended that states might provide
reasonable limihfion upon the gem
eral provisions. recommend that
such removal of causes from the state
10 the Federal courts by foreign cor
porations shall work a revocation OF
their license to do business within
tho Stale
BANKS AND BANK DEPOSITS.
The efficiency OF government de-
pends upon stability, and IN no line OF
business Is stability more important
than IN banking. Wavering yaclllat-
ing. uncertain conditions breed dis
content distrust and ultimate des-
iruction.
Recent events. in my judgment
make It desirable that the laws OK our
state should be SO reformed as TO in
sure the safety Of every dollar de-
posted in the banks Of onr State
and 10 this end, I recommend TO your
consideration and hope for the enact
ment By YOU. Of o. code Of banking
laws upon an absolutely safe foanda
tion. aid forever relieve the depost
tors from unrest and doubt, as vel
as from actual loss,
The present banking laws should
be supplemented or amended to In
clude the following provisions, and
existing laws 81 conflict Herewith re
f,cs,ed
In accordance with the provisions
Of Section /. Article Il. of the Con
aiiiulion, / suggest the creation, b.
Jaw, Of an advisory board. called State
Banking Board, 20 be composed OF th'
Governor. the Lie'trnant Governor
the President OF the Board OF Asri
enliure. the State Treasurer ard th'
State Auditor. with such SUPERVISOR
powers over the banking departmen
ana the acts Of the Bank Commits
soner as may not be in conflict WA
tbs provisions Of the Constitution
BANK COMMISSIONER.
I suggest that the Bank Commits
Rioners compensation De fixed at no
fo exceed ........ dollars per year
The Bank Commissioner 10 appoln
an necessary assistants. examiners
and other necessary employees anl
fx their compensation an subject q
The approval of the State Banknl
board.
PROTECTION or DEPOslToRs
The state Banking Board within
thirty days after the passaee and al
progal Of the neces ary legislation, b
authorized and required TO levy al
sment upon each and every banI
ct to the provisions of tbs bank
vs of this State, equivalent q
cent Of the deposits of auc
Said assessment 20 Doe collect
Fac Bank Commissioner in sa"
ailments, and at such times as th
ranking Board may direct
amount so collected 10 const
reserve fund TO be known "a
Uaasitors Guaranty Fund f0
NU ar1 slion Of bank depositor5 #
aid banks as may fherealte
aolvent
nnd. so collected. should h
l feguarded, and held or a.
t 1emodv