Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-12-08
BORROWERS BRlBB BANKERS
Comptroller Of Currency Makes Seri.
Ous Charge in Animal Report.
he Gays THE EVIL Is GROWING
Loans Arc Bpae on Insuffirieat Sc
euT1t5 and crinpinal Lesisia-
tIon 10 Ah<ed 90 stop
the Practice.

WARRINGTON. Dec. THE general
business 81 the country. a. reflected IN
banking operntions, was quite satiBfac-
tory during the year ending October 81
las. according 10 the annuai report OF
Lawrence O. Murray. comptroller Of the
currency. suhnaifird TO congress today.
NJ. Murray records steady growth in
the volume Of business and the establish
u,es1t u fotne high records in tits connec-
lion
Hs points oui. however, that whiio
nnefneniing some OF the Important ale.
rnsnss o. pankihH curing the yeak, busi-
nesn dfd not reach the average d Increase
for the iast ten YEAR,.
THE ccrrgtroIler makes the startling
declaration shus 'The dishonest practice
rs officasa OF naslenal banks OF receiving
perSonai ccmpenretses for Iuans made BY
the hank - q growing evil and has al
ready rsnehpd such pf6bort idhs u 10 fealI
tor criminal legisituon 90 the subject
In this manner" be adds. "eisher the
hank II defrauded OF lawful Interest which
Il would otherwise receive. or usurious
interest IA eKaeted OF a borrower by
corrupt officer. A secret reward 20 the
officerb ~ sometimes deliberate bride
Tor obtaining a loan on Insufficient se..
cnrity.e $685.
Mr. Murray URGES that the taking Of
money or other valuables IN thls oonneo-
ton b a bank ofTlcer be made an offenAs
Punishable By imprisonment In the pants
Tertiary. ~. t asal
Tho aggregate amount OF assets Of the
national banks increased during the year
approximately sats. asSoco, or ass per cent
isoaus and discounts, the biggest item In
banks resources. Increased only $50 per
cent in tho face % an average tcn-year
increase Of eb2 per cent. Individual de-
posts. repreacnting IS per cent of a banks
liabilities. reached the highest point In
history september last--is. tSe. se5. OH. This
high record. however. was an increase OF
only SCI per cent over the previous year.,
a. compared with ten-year average OF
10 i.
The banking power Sof the nation, IN
Guiding oparatioas OF every benk--na-
tionai. state and privHte--ls esiimated BY
the eomptrolier at 81 .sst45s,7Oo. an in
crease during abe year OF sso6,2is,Aol or
over Is per cent The total banking capital
IL estimated Al sges2.4ilOsS and the total
OBSERVATION-DISCLOSURES sis5ii7ae.s5i.
The net earnings OF the national banks
during the fiscal year ending June 80
last. were yiss. sS5.si3 from which Dividends
were paid 10 the amount Of sii46ssi az, OF
ilsS per cent on the capital. and 6SS per
cent On tazs cenblnei .eepitel ana surplus.
0uly three national bsrts' were placed
IN the hands o. reevtvnrs dprss Civ wear
sndiak ociohar a. $50 =
The Enitea dSlAtss acids Tie greatesl
stock q goid and silver iR ihe world. ac-
rordinfg 20 statistics s0bmlttedsr as Mr.
Murray Ter tbe calendar year Isle The
iotei aggregate OF gold IN possession OF
he principal countries was 16.504. 10000 OF
which the United States held sl.7l0Ola.0 600
Or = per cent ~ the total The total
supply q silver was & go. iO0eeo th.s
coantry's share being $50 s0oeoo or q per
cent.
M Murray recommends that federal
er state corporations holding stock In
nAfional hanks be made liable 20 assess-
nssHt a. shareholder, lie asks con
gress 10 extend totten years the statute
" Limitations for the prosecution of or
fsnaes under the national banking laws.
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