The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1910-08-03
PASSAGE
Of NEW bAhkBI[L
BETTER SUPERVISION OF BANKS
NEEDED SAYS THE STATE
TREASURER.

State Treasurer ]. Pope Brown, is
looking forward with eagerness to
the passage of house bill No. 404,
which seeks to amend and correct
certain provisions of the banking bu-
reau act of 1907. This measure will
come up Wednesday and it is hoped
that it will be passed.
Ben j. Perry, assistant to State
Treasurer Brown, has issued state
ment in regard to the necessity, for
the passage Of the bill. He says here
are more than 500 state banks doing
business in Georgia and the passage
of the measure would insure a better
supervision on the part of the state.
At persent there are several state
bank examiners in the city VINO have
delayed their regular inspection pend
ing the passage of the bill. They
hope to be able to leave this week
The statement of Mr.. Perry follows:
HOPE Bill Will Pass.
With only ten days of the present
session of the general assembly in
| which to legislate, and many bills, we
know, pressing for attention, this de-
partment is growing more anxious
and insistent for the passage of
house bill No. 404, which seeks to
| amend and correct certain provisions
Of the banking bureau act of 1907,
and we are glad to be assured that it
| will be taken up On Wednesday next.
If this be done and the bill properly
considered, We see no reason why it
should not pass and become a law
during the present week
"Inasmuch as the bill was brought
over as unfinished business from the
last session, and having been favor
banking and read a second time last
year, we feel that it should now be
taken up and pushed to passage as
matter of simple justice to the bank
ing interests and the people general
ly of the state, to say nothing of the
necessity for it by his department.
There are now more than 500 state
banks, doing business in almost ev-
cry town and cross roads settlement
of only a few stores, etc, in Georgia.
Experience shows that there are GER
tain amendments and provisions
needed to Insure more thorough and
efficient supervision and control of
the banks and better protection of
the interests of patrons of banking
throughout Georgia, and elsewhere,
and this is what the pre- posed bill
seeks to cure and to provide for. The
bankers are practically tall, in fact,
SO far as we are advised) a unit for
the passage of the bill, and when the
provisions Of the bill are explained
to and understood by the patrons OF
banks there certainly can be no OBJ
lection interpoSed by them.
With more than $40,000,000 invest
ed in state banks and $l00,000,000 in
deposit with them, the business of
Georgia being done mainly through
these more than 500 state banks,
there IS every reason to insist that
this bill he given careful. prompt and
SPEEDY consideration, and the ap-
rty&l + the governor, and we have
mat confidence in the members to
feel assured that they Will give the
bill their well-nigh unanimous sup
port
The bank examiners of this depart
ment leave this week on their second
examination for 1910, having delayed
this examination for month on &C
count of this pending bill but being
assured That the bill will be called
up and put on its passage next week
il having the promised support of so
many members, we feel that the bill
will soon become a law and its pro-
visions amending certain Irregular.
ties and defects in the present law
become effective for the better pre-
lection, control and supervision of
the banking interests of the state
we feel encouraged to begin the sec
ond half of the year with renewed
enrsy and confidence in the more eff
ticient work to be done
pm pEPpE