The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-09-11
TO EXAMINE BANK EXAMINERS
COIPTROIL ER W. RRAI GOING
nTO THE FIELD HIMSELF.
Hr PROPOSES ts Nsrrrtaln Nby the ~.
aminrr~ Ds Nst Di-TSSeF ARsi R-port
the True Conditions &C = Bank and
Wake ~smr EHOrt 10 Correct Them.

NsHISGru~. sept m Comptroll-r
81 fn" Currency Lawrence % Murray -
FL 81 ~ hearing the same old story from
N.- hank Examiners when hank which
'I'y rty" found all right blows up. Tie
l- going uut into the field himself To make
-pru" SPECIAL examinations In a state
r"nt given ont this morning Mr Murray
avs that most examiners ofer as an eX-
C.Is" where one ~ the institutions they
passed upon fails that they were not per
united exactly To- determine the true con
dtlou vt IN" hank and that officers and
directors would not correct conditions
brought To- then attention Mr. Murray
- sC-ptical about these excuses and lie II
going to investigate In hi- statement
M" Comptrullrr SAYS
In almost every case uf a national bank
failure since ! have b'-"n Cnnp'rnllsr the
insolvency. could have been aNerted had
the National bank 'Natlinsr determined
the rrrI" condition ami reported his find
tng- IN tim" Tor me 20 force "A correction
m ia" administration ~ the bank = affairs.
In vi"V of m" fact that the excuse offered
IA practically every cas-. hv IN. examiner
was that he was un1bl" to exactly deter
mtn' the tvu" condition " tho bank and
that n" officers and directors would not
correct IN" conditions brought To their
attention by him IN" G omv trollar proposes
10 - into each of the various DISTRICTS
for a." puryo@" Of asc"rtaining at first
hand Why IA examiner u unable To dis
cover amt report IN" true condition OF a
bank In thus WORK he will he accom-
panl~l and assisted by Oscar l. Telling
formerly a national bank examiner and
now chief of the division ~ reports in this
Cumptroll"r- Office
IN" Comptroller also desires - azCa r,
tam why some examiners are capable ~
correcting Whll' they are m the hank all
'." conditions subject - criticism. when
ufh"g aNamIn.rS ar" either unable or un-
wiling 'D accomplish like results and only
-'u.r. fhHlr criticisms t. the Compt roller :
."I.". outstanding ia" fact that their
p, ..''C instructions ar" - call 10 the
Itf. utIpn ~ 'h~ board " directors all
unsatisfactory or hazardous conditions
with q view - having proper Correc-
tons madn hy the board during the
IrHg~'-- 81 the examination
MANY Ot III" Examiners state IN their
reports 81 EXAMINATIONS forwarded 20
N" tunptruller'- ONCE that n - hard
ship not only on the examiner but on
many - IN" mb"r- - th" dIreCtory 81
country banks To- ask tn various boards
- meet with me examiner during the
progress OF ~ IN" Clo>'' Of the examination
n, Comptroller H. ~ ~" opinion that
"a board II directors which Nlll not Or
cannot u'-t with "a representative" II the
Government for "a short tam" twice a
year - - over m D"'all the conditions
which b" fnI- and reports 10 u l. com
yu-'-G - members who ar. not doing their
duty IN any sense e N. WORT ami u -
nov Irupu-,si o. Ind uiIt wh"'hcr or not
~" hardship complained - hv the OK
aIuru-r- truly exist. or II the various
directors If national hanks do not ade-
gua'"Iv stIy"ryi-. their trust
l'i- investigator Nv IA" Comptroller
and nj ChI" e IA" division q reports
J. al-u an Inv s--JIRltion INTO the methods
employed b. every national hank cN-
arliu"r and upon seeing them make an
examination = several banks ami after
wHri hnluiug q meeting - m" directors
h. will o.. abb tp i.''rinin" whom 81 his
cNamIr.--. II any ar" Inefficient.
In" tumu'ruiI"r believes that an
executive oirH~ should know the diff
hcultio- encountered by the men IN the
field and knpN- = no more authentic
vlN # finding 'h'z ont than going in'.
~" '"id himself fur ih.' uurpo-.. 4 en-
Oh. .r'"rrur 90 V"-sun some Il tho" 30
ca.,Hi UIhrI.'I,>