The Bridgeport evening farmer., 1910-05-23

has developed a new system for the guidance of the national bank ex- aminers. By it's means, # faithfully carried out, there will be established in the office of the comptroller reg ular credit bureau by which it will be possible for him to keep tabs on the financial transaction, not only of the officers and directors of the banks themselves, but of all the big borrow CTS of the country.
 Under this system the comptroller believes that should operations such as those which landed c. W. Morse in the Atlanta prison be tried it 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 num- Der of important matters never here tofore required of them. The infor- nation thus acquired will be held in confidence from the public, but it will be of so intimate nature, and or such immense financial importance if it should fall into the hands of the wrong man that there Is reason to os- lieve that there will be objection from the banks.
 For instance Section of the new list of questions requires every na- tional bank examiner to furnish the names of all "Financiers of Question able Methods whose operations ex- tend into their districts. The words quoted are printed in capital letters to give them more prominence.
 Another form is to be used to give a statement of the Doubtful or Cues tionable Paper,' in which officers or directors of banks are interested, giv- ing the name of the borrower and Of the bank, the amount in each bank and the total in each district. This is to be supp1em ented by similar re- ports as to the same kind of paper of persons or firms other than officials and directors and the inquiry is to be to report as to Large or Extended Lines of Credit in which officers or others may be interested.
 It may readily be seen that such reports as these, covering the II dis tricts into which the country is di- vided would make interesting reading if made public. It can also be rea1- ized that they will give the comp troller's office such an insight into the affairs of the national banks of the country as has never heretofore been attempted, especially when "they are accompanied by a report from each examiner as to which banks in their districts require close watching, which have suffered from defalcations, and a list of borrowers whose prin- cipa1 headquarters or place Of bus mess is outside the district.
 Beginning year ago, Comptroller Murray inaugurated system by which he brought the examiners to- gether periodically to exchange views among themselves so that the more experienced could impart some of their knowledge to the younger men in the service.
 This year the semi-annua1 meetings will take place at the headquarters of each district during the first two weeks of July. It is the comptrol- ler's intention that the reports on the various subjects outlined above shall be read aloud at these meetings and be made the subject of discussion, the returns to be- finally sent to him for tabulation in the Treasury department.
 Also he has designatel subjects up- on which the chairman of each dis trict will be required to read a care fully prepared paper for discussion by the examiners present. Thus to AL fred Ewen, chairman of District No. 1, whose headquarters are at Boston and whose district includes all of New England, has been assigned the preparation of a paper on: "The best method of cooperation with clearing house associations where there Is no clearing house examiner.
 ALId includes New York, New Jersey and Delaware, will write on the: Recon ciIement of accounts with correspond ent banks and suggest improvements.
 "A comprehensive system of cred it's" is the subject assigned to Frank L. Norris, with headquarters at Phil adeIphia and whose district comprises Eastern Pennsylvania, Maryland, Vir- ginia, North Carolina and the Dis frict of Columbia
 Henry A. Williams, with headquar- ters at Pittsburg and with a district including Western Pennsylvania, West Virginia and Ohio, will discuss: "Co- and the officers and directors of na- tional banks"
 sHThe yerifcation of individual led gers and the good results that may be accomplished thereby" is assigned to Percy H. Johnston, whose headquar- ters are at Lebanon, Kentucky and whose district comprises that state and Tennessee, South Carolina, Florida. Georgia, Alabama, Mississippi and Louisiana.
 E. F. Roreback, of Chicago. who supervises the examiners in Illinois, Indiana, Michigan, and Wisconsin, will talk on Methods of examinations and suggested Improvements
 "Why an examiner should not ac- cept help from bank employees" is the subject given to J. A. Rathbun of Minneapolis, whose district includes Minnesota, Northern Iowa, and North and South Dakota.
 Frank c. Hicks of St. Louis will tell. "How best to cooperate with clearing house examiners" from his experience in Southern Iowa, Nebras- ka. Kansas, Missouri, Arkansas and Oklahoma.
 "The advisability and practica bi1ity of convening boards of directors by national bank examiners at the time of the examinations to lay before them such matters as need correction" will be discussed by J. M. Logan of Fort Worth, whose district includes Texas, New Mexico and Arizona.