The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1913-05-24
NECESSITY OF SANE BANKING LAWS AND
Fostering Of Modern Methods Of Agriculture
Slogan Of Mississippi Bankers.

| ing belated return from the A. & M.
College at | o'clock this morning, the
second session of the Mississippi State
Bankers Association did not convene
until 10 o'clock. Instead of finishing
their business before noon, as expected,
the delegates did not adjourn until 6:30
o'clock this evening.
Aside from routine business, the slo-
gan of the convention was the immedi-
ate necessity of sane banking legisla-
tion and the fostering OF modern meth
DDS of agriculture. The first address OF
the day was made by w. L. Young.
bank examiner of Louisiana, on state
bank supervision, pointing out the du-
ties of the bank examiner and bank
directors and officials.
Prof. S. A. Cobb, the A. & M. corn
club specialist, was the next speaker,
who urged corporation OF bankers and
farmers. He showed that the Missis-
sippi corn crop had increased in value
in three years from S28 ,000, 900 to $780,
000, 700, and that the average acreage
yield of last years corn crop in the
State was 1870 bushels, whereas the
corn club average was 665.10 bushels.
He gave much other interesting data,
which was enthusiastically received.
The convention adopted resolution
recommending the appointment of Jas.
r. Stevens, of New Orleans, as comp
troller of national currencs, and the
secretary of the treasury was wired to
that effect. George r. Maxwell, of
New Orleans, made most instructive
address on the control OF flood waters
in the Mississippi valley.
The matter of drafting banking bill
was taken up, and a committee Of nine
was agreed upon to confor with the
senate and house commietees in the
drawing up of bill to present to the
next session of the legislature.
| The manner of selecting q bank COM
missioner or examiner brought about
warm discussion as to the appointment
or election of each official. Hon. A. E.
Fox was asked to speak on the subject,
and so forcefal and unansWerable was
his argument in favor Of tne election
plan that the convention adopted it.
The boardawill consist of three members.
The bank commissioners may appoint
an office assistant to perform such office
duties as they may req1lTe, at salary
of Sl,200 annually. Th.aA nlssioners
| will draw salary eacI G e 900 annu-
ally, ana necessary travelling expenses
for the maintenance oil the banking de-
| partment viii be paid out of the state
| treasury upon the warrant OF the auditor
Funds necessary TO cover the expens cs
of the banking department. will be Or o.
vided by assessment OF tax levy on eac b
bank for banking institution within the
provisions of this act against capital
stock, surplus and undivided prof is or
total assets.
Duties of bank commissioners will be
the same as those that would obtain I'M
der any other plan OF providing for said
commissioners than that of the elective.
| The election of officers resulted in the
election of j. F. FIourney, of Canton,
president; Henry Dart, of Winona,
vice president; l. j. High, of Tupelo,
chairman of executive committee. Jack
son and Vicksburg were put in nomina-
| winning hands down.
Chairman S. j. High of the executive
committee of the association tonight
called a meeting of the committee in
jackson on June II to select secretary
of the association, who will devote his
entice time to the Office.