New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-10
EXAMINERS ORGANIZE
National Body for State and
Federal Bank Men.
VAN TUYL HEADS COMMITTEE
Speakers at Convention See
Need of Amending Many
Existing Laws.

A national organization Of bank exam
iners. both state and federal. was formed
Yesterday at the convention Of bank exam
liners held at the Brighton Beach Hotel
George C. Van Tuyl, jr., Superintendent OF
Banks OF the state of New York. was elect
ed chairman of a committee of seven which
was delegated to perfect the organization
10 name its officers and TO designate the
first meeting place.
Great satisfaction was expressed by all
those who attended the convention that lts
purpose had been accomplished so success
fully, and promises Of great beneht TO the
future work of bank examiners ana 10
banks and depositors were held out by all
Of the speakers George /. Skinner, Deputy
Superintendent of Banks of New YORK. IN
troduced the resolution calling for the Tor
nation Of the national organization. Inc
programn'a laid out for the new body py
Mr.. Skinner included the improvement OF
methods in examining banks, cooperation
between state and federal examiners and en-
ergetic work TO bring about necessary
amendments to the banking law.
This last task seemed TO be regarded by
most Of those present as the principal one
confronting the new organization. b NJ.
Ham, a national bank examiner. pointed
10 the many laws which bankers were COM
pelled to violate because OF their antiquity
or unreasonableness. Badly conceived leg
islation has made disregard for law ma
tional trait. he said and when men as
highly thought Of In community as Danh-
ers were deliberately led into such an at
titude toward laws something worse than
socialism might follow
The committee appointed TO draw up the
plan for organization was as follows
George c. Van Tuyl. jr., Edwin F. Rore-
beck. national bank examiner Of New YORK
G. A. Hanna, s NJ. Ham, J. A. Broderick'
G. l. Skinner and Frank l.. Norris.
Busy Day for Delegates.
The second day of the convention was
busy one. Numerous papers were reao
and lively discussions Of the topics SUD-
mitted were held. Claude Gilbert, national
bank examiner for Maryland. took the posi-
ton that savings banks and trust COM
NAMES should be prohibited by law from en-
paeing in n commercial business. both for
their own good and for the purpose of re-
lieving the excessive competition TO which
were subjected Mr.. Gilbert also advocated
legislation authorizing national banks 10
engage In savings and trust business IN the
remote rural communities. where the vol
rms Of banking business was limited, ana
where one bank had TO perform all banking
functions.
In speakine on the subject Of Render
ing Aid 10 Weak Banks +. F. RoreoecK
said that the supreme test OF bank eX-
aminer's ability came when he was con
fronted with n bank where failure APP
peared imminent The examiner, he said
was very frequently called upon 10 stand
between a bank and a receivership, bank
and a run. and often he was asked to take
charge Of an institution where officers and
directors had shown themselves incom-
petent 20 uphold a bank through n Crisis.
This hospital work done by the examiner
for sick banks. he added. was unknown 10
the public. and the examiner received no
appreciation for Il.