The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-12-08

and the second as the short session. This
is the short session, and the trainers OF
the constitution directed that at the short
session only appropriation bills and I'M
portant matters to which the governor
directs attention are to be considered.
However. these privileges have been
abused in the past and there are some
who seem to think Governor Noel IL 60
ing to follow the example set by other
governors and give the legislature full
swing to consider what it pleases. He
states that he will not, and that he has
already declined to admit a few matters
to which his attention has been directed.
It need not be expected that there will
be any new county legis1ation-that is
a matter that can wait and it will
Stuck away in some of the pigeon
holes about the governors office repose
a couple of bills that were passed by
the last session of this legislature. One
of them is what is known as the
elective judiciary subterfuge. the other
is one divorcing the governor and the
superintendent of education as MEM
bers of the boards of trustees of the
several colleges and state institutions.
The author of the latter bill believed
that he was doing the two officials
kindness, and 1t may be that they also
think so. But the governor did not
approve this bill before the adjourn
ment Of the legislature two years ago,
and If he does not return 1t with his
veto within three days of the converting
of the Legislature, it becomes a law
without his signature.
The same Is true of tho elective
judiciary BILL" which was introduced
by Mr.. Quin of Kinds. 1t virtually
takes the appointing of the judges and
chancellors out of the hands of the
governor OF the state, by leaving their
selection to primary elections to be
held in the districts. The governor rs
not bound to appoint the Judge who in
the winner at the primary, but he
would feel a very great deiicacy in re-
fusing to do as the voters had sug-
gested at the polls, and would be
placed in an embarrassing position. 1t
Is known that the governor Is opposed
to this measure, and 1t Is believed he
will veto it. Then the fun may be-
gin.
Condition of Banks.
State Auditor E. J. Smith has COM
piled statement or recapitulation of
the assets and liabilities OF the several
banks of the state, national as well
as state, which is very interesting and
gratifying, inasumch as 1t shows a
healthy increase all along the line, and
a more prosperous financial condition
generally.
Under the head of resources are
shown loans and discounts of $42, o00,-
900, overdrafts t8,000,00o, stocks and
bonds s2,670,0C0, banking houses and
fixtures, $2,S00,000, real estate $780,
900. due from other banks 10000, 900,
cash $2,600.000, cash on hand 33,400,-
00c. The total footing up $71,000,000 in
round numbers.
The liabilities are given as capital
n .
ed profits $2,300,G00, Individual depos-
it's $36. 800. 900, time certificates $780,
900, bills payable and rediscounts ST.
0,0co, which, with the few minor
Items make the balance of $71,25e,
698.06.
The above figures are from the state
ments filed by the 329 state banks.
There are only 81 national banks in
Mississippi, 10 times less in number
than are the state banks, and yet the
state banks show only a little more
than three times the assets Of the ma
tfonals, which In round numbers are as
follows:
Loans and discounts $11,500, 900, over
drafts $4,000. stocks and bonds 81
100000, banking houses, furnishings,
ETC., $746.00O, other real estate $149.-
500, due from other banks $4,000, 900,
cash and cash items $2,000.0O0. A total
| OF $22.454.447.
Under the head Of liabilities tho nE-
tionals show capital Of ss.460,o00, sur
plus $1.352,000, undivided profits t607,-
900, individual deposits $1o,c58. 900.
time certificates $s,1ss.o0o. due other
banks s528.000, bills payable and re-
discounts $1,22s,o0o, circulation $2,71s.-
! 900, national bank notes e284,718. 9th
or small items bring UP the balance.
These figures show total for state
| and national banks: Loans and dis
counts t54.3z5,960, cash and hand $5,-
| 215,599; capital paid in t18.225,2S In
| dividual deposits $4s,3ee.735, time GER
tificates $10,2sS.o82. The totals are $685.
| 711.136.
| The increase Of loans and discounts
! over last year Is $4,e06.000. cash items
and on hand 100000. The capital
paid in has increased only $2s2,s04. the
surplus s2s5,6s4. undivided profits $1s1,-
| 829, individual deposits and time GER
| tificates $S,S12.00C. The total increase
has been $8,96e.s48, which. for poor
crop year, Is considered very good.
Low EXCURSION RATES