The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-02-11
NC BILL
! s REPO R7
,eoted to VIII
rison overruI
Measure Providing
animation Is Fav-
,ly Considered.


protection asl OF banks Is embodied
lie oticer Pas bill yesterday reported
of q chaiien the Joint Committee on
subject OF Cd Banking of tho two
fact the Ia" Legislature. After long
libernlity lby the Joint committee
s his opinion, subcommittee. tho report
yours ana was adopted yesterday
the safesualbjeet TO formal ratifica-
officer may III some incidental amend
And there Id by George Bryan, at
alleging an o state Bankers Associa-
clusion froien incorporated into the
difference
implied mail bill before the joint
in this cascas that proposed by the
yond a reas' Association, an exhaus-
ing an opininous bill, covering six
is TO proveted pages. Owing to the
bic of warlength would call for the
%In this OF too much time, and
of corruptisls might be taken i'll re-
words 'corany sections of the pres
stated fact substitute bill of COM
iectionablevity, offered by Delegate
list with ans. was adopted as the
the conc1t proposed law. Several
if we sll, amendments have been
there is hit.
ance.'" MT Act Provides.
The t,a. new features o. the pro-
Chris NIa1le: No loan shap be made
as tho f1pr other financial institu-
then had.ockholder on his stock as
spectatorssss his shares have been
who has " in cash. No dividends
campaign. a higher rate than per
penses ofnum on the capital stock
ders. Whole declared until the bank
against ia surplus or contingent
pany and from the profits of at
n cent. of its capital, nor
,,.vidend Or profit be made
M. ti"ch fund Is reduced below
usual loi3er cent. This last prov!-
legged ihistIe per cent. of the re-
-'.cotfup. us to 10 instead of per
vice ard
lead 70 old law financial insu-
s!ifssiven thirty days in which
the Nrlle report required by the
Mayor ration Commission. The
LIQUOR Is the time down to fifteen
were discrimination of any flnan-
legged Won may he had upon the
merablehs OF the capital stock.
and agae- fifth is required
were rear examination Is to be
not closless than once in each and
out by by the State Corporation
In II Examinations may be
the "gEever, whenever the COM
Carolinns IL necessary Full &C,
proseclpe given to the examiner
with toney, books, papers, notes,
whetheher evidences of indebted
elected institution. The officers
toon of to state truly all infor-
and cored by the examiner, and
who p evidence under oath from
iections
ing OF sus notice of the eaamina-
replied e given to the institutions
Yoder,a onneeted with them.
unimuslmination reveals a failure
court the banking laws or irreg-
read that the capital has been
prosecger OF being impaired, i'm
that ice is given to the institu-
what ster tkrty days from the
let ilalce the defects are not cor
= men commission may apply for
in pro take charge OF and wind
printstitution.
Iibelothe commission findss that
was ton designated as State
or puts insolvent and unable to
tho Demands upon 1t. the conf
ment.st notify the Auditor and
"reite,f the Commonwealth. who
smi,hntinue deposit OF State
linncetake such action as may be
noliceo protec; the state de-
ldy made In such an ins,i-
ATT
of MED by Commission.
Mr.. IS and clerical assistance
Mrork are to be appointed by
had Corporation Commission.
the PIERS must be citizens of the
rule derienced and skilled in the
repeeoookkeeping, and shall have
for .st three years service in
8 E.uui.'' They must give bond III
"
Il how 1.