The Barre daily times. (Barre, Vt.) 1897-1959, 1910-05-25
NEW SYSTEM FORMED.
For the Guidance Of National Bank Ex-
aminers.

fpt the guidance Of national SANK EA'
aminers
Washington p c, May rs. In fpr-
therance * his plans for obtaining a
more accurate insight into tile condition
Of national banks Comptroller 81 the
Currency Murray has developed new
system Tor Che guidance q the nationa'
bank examiners. ~ rs means. If faith.
fully carried ont there viii be established
in The Office Of the comptroller a regular
credit bureau, By which IL viii be posi-,
bic for him TO keep tab on the financial
transactions, not only Of the officers ana
directors Of the hanks themselves. but
81 all the big borrowers Of the coun.
thy,
Under this system, the comptroller BE-.
lieves that should operations such as
those which landed 9. w Morse in the
Atlanta prison be tried Il will be found
impossible He has sent out to every
national bank examiner a series Of forms
upon which they are required TO make
returns on q number Of important mat
tiers never heretofore required Of them.
The information thus acquired will be
held IN confidence from the public, bat
10 will be OF SO intimate a nature and Of
such immense financial Importance ii it
should fall into the hands Of the wrang
man that there Is reason to believe that
there win be objection from the bank
For instance, section five Of the new
Iist of questions requires every national
bank examiner to furnish the names 81
all huaneiers oil questionable methods
whose operations extend into their dis
tricts The words quoted are printed In
capital letters 70 give them more prom.
inence.
Another form Is 10 be used to give :
statement of the doubtful OF question
able paper" IN which the officers o. di,
roctors Of banks are interested, giving The
name Of the borrower and Of the bank,
the amount in each bank and the total
ID each district This Il TO be supple
mented BY similar reports a. 10 The same
kind Of paper Of persons or firms other
than officials and directors, and the in-
quiry is 70 be made more searching by
extending it 10 a report Is to large o.
extended lines Of credit IN which officers
Tor others may be interested
II may readily be seen that such re-.
ports as these, covering the eleven dis
tricts into which the country is divided.
would make interesting reading Il made
public. II can also be realized that they
will give the comptrollers office such an
insight into the affairs 81 the national
banks Of the country as has never here.
tofore been attempted. especially when
they are accompanied hy q report from
each examiner as 10 which banks Ia their
districts require close watching, which
have suffered from defalcations. and )
list Of borrowers whose principal head.
quarters or place OF business Is outside
the district
Beginning 4 year ago. Comptroller
Murray iHaugEated a system Isl whi9h
be brought the examiners together pen.
odieaHy 70 exchanga views among them.
selves, So that tho more experienced could
impart some Of their knowledge to the
Younger men II the service
This year. the seni-aunual meetings
will take place at Che headquarters ~
each district during the first two weeks
Of July II T. the comptroller's intention
that the reports on the various subjects
outlined above shall Re read aloud at
these meetings and Be made the subject
Of discussion the returns Ia Be finally
sent 10 him for tahulation ia The treasury
department
Also he has designated subjects upon
which the ehairman 81 earh district VIII be
required % read d carefully prepared "a
per for discussion by The examiners pres
ent Thus % Alfred Ewer. chairman All
district number ! whose headquarters
are AZ Boston and whose district ineludes
all IF New England, has been assigned
Che preparation Of 1 paper on THE bes
method "a cooperation with clearing
house associations where there IS no.
clearing house examiner
Chas A. Hanna, whose district includes
New York New Jersey and Delaware.
will write on the ACKNOWLEDGMENT Of ac.
counts with correspondent banks and
suggest improvements
a comprehensive system If credits
Is the subject assigned TO Frank Il Nor.
ris With headquarters af Philadelphia.
and whose district comprises eastern
Pennsylvania Maryland Virginia. North
Carolina and tho District 81 Columbia.
Henry "A Williams. with headquarters
AZ Pittshurg ard with a district Including
western Pennsylvania West Virginia and
Ohio, viii discuss Cooperation between
a hank examiner and the officers and di
rcetors Of national banks
"The veridcation Of individual ledgers
and the good results that may Be accom-
plished thereby 4 assigned Ia Percy TIL
Johnston whose headquarters are at Leb.
anon, Kentucky and whose district com.
prises that state and Tennessee, South
Carolina, Florida Georgia, Alabama, Mis
sissippi and Louisiana.
y. II Rorehack of Chicago. who slipper
Vises Tile examiners III Illinois. Indians
Michigan and Wisconsin Will falk on
Methods Of examinations and sugges ted
Improvements
Why an examiner should not accent
help from bank employees IS the subject
given to J. A. RathbWn Of Minneapolis
whose district includes Minnesota, north
ern Iowa, and North and South Dakota
Frank G. Hicks Of St. Louis will tell
How best to cooperate with clearing
house examiners from bis experience
in southern Iowa. Nebraska. Kansas.
Missouri, Arkansas and Oklahoma.
THE adpisabihty and praeticability ofI
eonvening boards Of directors hY national
bank examiners AZ the time of the exam
nations 70 lay before them such matters
as need correction" will Be- discussed 81
j NJ Logan Of Fort Worth, whose dis
trict includes Texas New Mexico ana
Arizona.
r. I. Klein Of Denver. supervising Col
orado, Utah and Wyoming. viii discuss
Extended lines Of credit which consti-
tutcs such lines and the dangers IN con
neotion Herewith
10 I Milsnn 81 SeafIla viii fnn thn