Los Angeles herald., 1907-11-21
JUDICIARY COMMITTEE
ARGUES, BUT GETS NOWHERE
BY Associate. rfess.

| ~ ASSOClhte. IAecS
| SACRAMENTO, Nov. 2O-After wrest.
ling IN vain with the 'holday bills and
the problem of starting up the judicial
machinery of the state without declaring
| off the holidays in order to protect the
| banking interests, the assembly judiciary
committee this afternoon discussed the
| situation with representatives of the prin-
| cipal banks of the state and adjourned till
| . o'clock tomorrow morning without
reaching any conclusion or making much
progress 1t has proved to be a knotty
question for the legislature. At least one
of the speakers. W. u. Gerber, president
of the California National bank of Sacra-
mento, placed in part the blame for the
present condition of affairs in the finan-
oial world upon President Roosevelt.
IF tho president had made less noise
and acted in a more dignified way in turn
ing on the light. as he terms it. this state
of affairs might perhaps have been
averted," said he.
There were present besides Gerber, Gov
ernor Gillett, r. B. Anderson, manager of
the Bank of California of San Francisco;
r. N. Tobin, president Associated Savings
banks, San Francisco; c. X. Mcintosh,
San Francisco National bank; e. S. Heller,
representing the San Francisco clearing
house; former Lieutenant Governor Alden
Anderson, Judge Busch of Redding, John
c. Lynch of the state bank commission,
District Attorney Everett ]. Brown Of
Oakland, and Judge w. B. Cope and A.
Fl. Bolton. representing the San Francisco
Bar association. the latter two in an adj
visory capacity to assist the committee
Argue Holiday Bills
The tax delinquency and holiday bills
We're the subjects of exhaustive argument.
An entirely new bill, drawn up by the
lar association of San Francisco, was pre-
sented. 1t provides that the superior
court may. In the discretion of the judge
of such court. transact any judicial bust
ness on special holidays that it could
transact upon any other day.
District Attorney Brown of Oakland
opposed the measure. and contended that
the courts could not be closed and yet
transact business at the discretion of the
judge without amending the constitution.
In answer to a question by Chairman
Grove l.. Johnson, F. b. Anderson of the
Bank of California of San Francisco said
Il was impossible to say when the holi-
DAYS might be called off He declared
that It would be unsafe to end them even
II the payment of taxes is extended sixty
days, and believed that if such action was
taken It would be followed by runs on
some of the banks.
Better by Christmas
81 think we will get things on normal
basis by Christmas if people will get over
this senseless scare" he said. This is
not bankers panic; it is public panic.
What we are experiencing on the coast is
a elimination of the Wall street frenzy.
Mr.. Bolton of the San Francisco Bar
association differed with him and thought
there would be few demands for money If
the banks were opened.
''The remedy for this situation" said Il.
TObiO of the Hihernta hank of San
Francisco, "is for the people to leave
their money in the solvent banks"
Mr.. Newlin of Los Angeles and others
spoke at length.
No definite action was taken by the
committee, which adjourned to meet again
tomorrow morning to take up the matter
once more.