Bisbee daily review., 1911-06-15

 reasons why there should be such an examiner the fact that within ten years two of the largest nauonai banks in Chicago had closed between Saturday and Monday, and the mem bers Of the association had a right to know whether any bank was m such a condition as to jeopardize the financial interests of Chicago. The resolution passed and on May II. 1906. a clearing house examiner was appointed. and during the year 1907 the office of the clearing house examiner was made available. Thus the machinery was already in opera tton to carry out the issuance Of clearing house emergency currency and in December. 1907, is a letter to the Economist, referring to the clearing house currency issued dur ing the panic and the discussion that followed on the question of le- ealizing this currency. MT. Fenton said: One of the chief advantages of this clearing house currency Is that the collateral back of it IS passed upon by the local bankers in the city where it is issued, and as in the case of the clearing house currency in circulation in this city and in other cities. every dollar Of 1t is guaranteed by all of the associated hanks. so that practically the assets of the combined banks are behind lt if follows. of course, that the issu- ance of this currency must be pre- ceded by clearing house examina- lions. and it is not too much to hope that every clearing house in the Tinted States will within a short time employ it's own examiner, and that no bank will be able 10 avail itself of the machinery of any clear ing house unless it is able to pass an examination.
 After "Gun Toters."
 War on gun toting" has begun in Chicago as result Of the discovery that most of the weapons contscated bv the law mysteriousiy get back into circulation. Out of 2500 confis- cated in one year only S79 reached the custodian for destruction. The guns" appear in court as evidence are given to a police officer and Moreover the sale Of reyolvers proved on inquiry 10 be unrestricted by the law-boys bought them at will in most places. Chief Justice olson. of the municipal court. learning the facts, started There is no gun factory in America that is manufacturing or its products as a means of killing grasshopper or elephants, be said. "Revolvers and pistols are made to kill human beings. small IS used for legitimate purposes-for the army and navy and the police. Everybody is buying pistols and revolvers. There is a fas- cination about owning and carrying A revolver We have become a coun- try Of gun toters. If federal laws could keep tab on their output, check ing every firearm made and listing the end of toting would come. There could be interestate laws against shipping firearms ex- cept for military or police use With every state cooperating I am sure that it would be no time before wo would be rid of this curse.
 Harbor improvements.
 The harbor plight of Chicago has suddenly changed from no adequate preparations to a project for haf- bor al South Chicago, at public eN- pense for private gain. Protests against the Kleeman bill passed by the legislature, urging Governor De peen to vote it. were offset by equal lv urgent demands from the steel c,unany's bajliwick that the bill be