The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-01-24
WILL INVESTIGATE
STATES AFT AIR S
Committee to Look Into Proper
ties in Which Commonwealth
Is Interested.
CHANGE IN BANKING LAWS
Report OF Superintendent OF
Pcnitentiary Made to
Governor.
Especial to The Times-Dispatch.

lopcCldl 10 i he L lfncS-DiSDatCh.l
Raleigh, n. C., January 23.-The Sen.
ate to-day passed II resolution offered
by Senator Brown, Of Columbus an.
pointing a special committee OF nvc to
Investigate the matters mentioned IN
the report OF the State Board of In
ternal improvements. Senator Brown
said the report shows that the State
has about s244,000 invested in various
enterprises, the value OF which Is prob
lematical, and that conditions demand
thorough investigation. Involved in
this are the states interest in Malta
mnskct Railway. the Statcsville Air
Line and the Ellsin and Allegheny
Railway, in which the States stock is
for convict labor for which the state
paid the States prison.
y bill introduced by Senator Greene,
OF Craven would increase the expense
allowance for Superior Court judges
from $3.50 per year to $3.50.
Ex-Judgc Ewart, OF Henderson, Of
fered in the House n resolution FOR
Investigation Of the conduct ~ tho
american Tobacco Company and other
great corporations as to the observance
OF the State antitrust law. which he
declares TO be commonly charged. il
being flagrantly violated.
The bill by Representative Quickel.
of Lenoir county. to amend chapter
.M5s. public laws Of 1907. BY repeating
chat part that makes employees OF rail
loads guilty Of misdemeanor for
working overtime. Is set for a hearing
FRIDAY Of this week before Judiciary
COMMITTEES No. l. OF the House.
1t was introduced to-day, and Is de-
eigned to enable employees to recover
damages from railroads for injuries
when working overtime. instead Of
being debarred through being guilty
,xYf .v1Ie Snp or Frr hfA .lr
Changes In Banking Lnws.
A. bill revising and consolidating tho
Banking laws OF North Carolina has
been prepared ny State Bank Examiner
j. K. Doughton. cooperating with and
having the approval OF the Corporation
in the General Assembly early ;his
this week. Some of the notable
changes that Will be made In the bank
ang laws now IN force. If the bill Is
ratified. are the fixing Of $4,000 az
the minimum capital With which
bank shall begin business, limiting the
loans OF the smaller we'll as the
large banks in proportion to their
capital and surplus prohibiting the
paying ont OF all the earnings In livi-
dends. and requiring the accumulation
Of surplus; limiting the amount OF
money bank may borrow. ana pre-
venting the habitual borrowing, OF
AAANA''-| Fl. ~ . $500 CIVIL iHS cSicIs
20 direct the affairs OF the bank In
reality, and make ample examinations
every six months. prohibiting banks
from lending money to officers OF TIL.
bank. Without the consent of the di-
rcctors: providing for the liquidation
or insolvent banks. under the drec
ton Of the Corporation Commission
and avoiding the big expense OF bank
recetrerships. state Bank Examine,
Poughton SAYS Of his BILL on which
he has been working for six months
or longer. that 1t IS progressive with
out being radical, with n special view
to throwing around the banks more
careful supervision. and to safeguard
the interests Of dcpositors and the
business public more than the advance
ment OF the interests Of the banks
However, the Kill has the approval OF
the leading bankers Of the state, and