The Marion daily mirror. (Marion, Ohio) 1892-1912, 1910-05-28

administration's railroad bill and 9TH
er measures urged by President Taft
| incidentally, barking back again to
I tariff and that is favorite SUBJ
ject with the floor eader), he mention
ed that a large majority of the house
insurgents had voted for the confer
ence report last summer.
| From the date of the signature
of the BILL" he added, 'up to ana
Including April 8, the entire revenue
under the law has exceeded the entire
expenses of the government and pro-
duced surplus of more than $4,000.
In these expenditures there were in
cluded s22,0OO,OOO of Panama construc-
tion expenses, which is a most cur
rent expenditure, but which is TO be
reimbursed finally by bopds'
| Representative Gainos Republican.
| W. Va.,) who helped frame the bill,
added this bit of information to that
of Payne's annet the remarkable mis-
formation sprea dbroadcast about the
tariff bill"
| Gaines received letter from resi-
dent of Massachusetts who lived in
the vcenter OF n shoe manufacturing
district. The Yankee vented his wrath
on Gaines for what he termed the i'm
iquitous shoe schedules. He complain
ed that the duty on shoes had been
increased. as a real mater of fact"
explained Gaines, "the Dingley bin
put a duty of 25 per cent on boots and
shoes wholly of leather, cattle hides
or cattle skin the Payne bill put ii
at 10 per cent-60 per cent reduction.
YI,A do nf
leather, the reduction in the Payne
tariff bill was from % per cent to 10
per cent, forty per cent reduction.
ing n more accurate insight into the
In furthance of his plans for Obtain
condition of national banks, comptrol-
| Ter of the currency Murray has de-
Iveloped a new system for the guidance
of the national bank examiners. By
its means, If faithfully carried out
there will he established i'm the office
| of the comptroller a regular credit
bureau by which it will be possible for
him to keep tab on the financial trans
actions. not only of the officers and di
Irectohs of the banks themselves, but
of all tn big borrowers Of the coun-
| try.
Under this system the comptroller
believes that should operations such
as those which landed C. W. Morse
I'm he Atanla prison be tried 1t 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 a num-
lber of important matters never here
ltofore required of them. The informa-
tion thus acquired will be held i'm con.
fidence from the public, but 1t Will
be of so intimate nature, and of such
immense financial importance If 1t
should fall into the hands of the
wrong man that there is reason that
there will be objection from the banks
For instance section five of the
new list of questions requires every
national bank examiner to furnish the
names of all "Financiers of Ques-
tionable methods" whose operations ex
tend into their districts. The words
ouoted are printed in capital letter 10
give them more prominence.
Another form to be used to give
abatement of the Doubtful or Ques-
tional Paper" in which officers or d.
rectors of banks are interested, giving
the name of the borrower and Of the
hank and total in each district. This
is to be supplemented by similar re-
norts as TO the same kind of paper OF
persons or firms other than oiiiclals
and directors and the inquiry To pe
maede more searching by extending IL
TO Large or Extended Lines OF Cred
II" I'm which officials or others may be
interested.
II may readily be seen that such re-
ports as these, coerlng the eleven dls-
trIcts into which the country Is dlVld-
ed would make interesting reading
for the public. 1t can also be realized
that they will give the comptrollers
Office some insight into the affairs OF
the national banks of the country as
has never heretofore been attempted,
especially when they are accompanied
nv n report from each examiner as 10
which banks in their districts require
close watching. which have suffered
from defaltations, and a list OF Dor
bowers whose principal headquarters
or place of business Is out SIDE OF the
district.
Beginning n year ago, Comptroller
| Murray inaugurated system ny
which he brought the examiners TO-
gether periodically to exchange views
among themselves so that the more eS
perienced could impart some OF their
knowledge to the younger men In the
| service.
This year the semi-annual meetings
will take place at the headquarters OF
each district during the first twp
weeks of July. 1t is the comptrollers
Intention that the reports on the var
ious subjects outlined above shall be
read aloud at meetings and be maze
the subject of discussion, the returns
TO be finally sent to him for abuia-
ton in the treasury department
Also he has designated subjects up
on which the chairman of each dis