The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1911-06-27
COMMITTEE OF
BANKERS REPORT
Those On Bank Legislation
and Bills Of aiding In
Full Text

fentIemen: Your legislative com
uift4e hcgs leave to report that its
principal efforts before> the General
assembly Of 1911 were directed to the
.4curement Of relief against discrimi-
natorv methods Of bank taxation.
Some measure of relief was granted,
REGARDING which the members Of the
association were. at the instance Of
the president, advised by the
tee following the adjournment Of the
Legislature.
This subject received some consid-
Grafton at the last convention, and
the paper submitted on Bank Taxa
tan was directed by the convention
to be printed in pamphlet form and
mailed to the banks and member
of the General Assembly. At q meet
ing Of the executive committee in
December considerable opposition de-
NeIoped to the plan of taxation de-
Nocated in this paper, While the gen
tleman who submitted the paper re
manned of the. same opinion still 1t
was deemed best by him and Your
committee to withhold the paper from
circulation in order to preserye-peace
and secure concord of action. 70 ac-
compIish this. all except two rern-
bers Of the executive committee Joined
the legislative committee in q request
to tile secretary of the association not
to issue the pamphlet. and his com
pliance Herewith no doubt proved
most fortunate, as it assured an
united front and most cordial and
helpful assistance from the member
ship in the prosecution of our de-
manda
The Doughton bank bill. approved
by the Corporation Commission and
-. ~ >~- = Nn~, Ini~
man OF the House Committee on
Banks, had in it some admirable pro-
visions and a few very objectionable
features. 1t is q matter Of regret
that the bill was not introduced earlier
in the session, in order that ample
time and opportunity could have been
given to its consideration. whereby
the best features of the bill might
have been successfully urged for en-
actment. Your committee took no
part whatever in the hearing on this
measure.
1t is thought we'll to direct our at
tention to the following acts of the
Legislature Of 1911. affecting directly
Or indirectly the banks Of the State:
House bill 476, Senate bill 930-An
act to provide for the better enforce
ment of the liability of stockholders
in state banks.
This act applies in cases Of bank
failures and provides machinery Tor
collection by receivers Of assessments
on shareholders, etc. Let US hope
that it may never have to he INVOKED
IN the case Of any member OF this
association.
H.. &. 1913, s. 3. 637-An act TO
amend section l. chapter SOS Of the
Public Laws of North Carolina, SEES
sion 1909. relative to building and
loan associations.
There has been some doubt enter
tanned as to the authority of building
and loan associations to borrow none!
and this act clarifies the law on this
subject and provides that building
and lean associations may borrow
money for the purpose Of. making
loans to members.
II. b. 1908. S. b. 6-An act to au-
thoTize married women to contract
and deal as if unmarried.
1t is the view of good lawyers that
this act remove the disabilities here
'ofore imposed on married women,
except that no conveyance Of her real
estate shall be valid unless made
with the written consent of her nus
band as provided by the Constitution
1t has been suggested that the act
as passed is intended to be respon
SlNe TO the suggestions OF our Supreme
court in the case of Ball vs.. Paquln,
40 Y. G.. SO.
II. B. 1925, s. b. 46-An act to reg
nlate the sale OF lands under mort
cages and deeds in trust.
here land is in one tract and
hes in two or more counties. sale may
De made at court house Of any one
OF the counties.
II. r. 215S. s. b. 134a-An act to
provide for the auditing of books OF
corporations.
Audit to be had on request OF
twenty-five per cent of the Stockhold-
eCS.
II. r. 216S, S. B. 1O77-An act &c
amend section 2S63 of the Revisal OF
1870. relative to tax liens upon per
sonal property.
Notice Of sale for tax to be oiveT
~ trustees or mortgages, who may