The Newport plain talk. (Newport, Tenn.) 1909-1939, 1913-01-23

oaSe III WHlcn lie uellneu legislation
needed for HE state ut this time. His
recommendations were rlany. He be-
gan his messags by stating that there
| is strong public demand for a law
providing for the inspection of state
banks, stating that the sentiment had
grown in volume year by year, accei-
teraled by repeated bank failures. lie
stated that the legislature of 1911 had
given serious consideration to the en-
actment of such law and that since
then a number of state bank failures
had occurred, disastrous alike TO stock
holders and depositors.
! | urgently recommend the enact
ment of a state bank inspection law
that will protect the people from the
looting of banks from the inside and
that will give the benefit of increased
public confidence and business. Ten
nessec is one of only three states which
have no bank Inspection law and the
federal government has declined 10
make postal deposits i'm our state
banks ior that reason. The law, with
out being unnecessarily drastic, should
insure the close, careful. competent
and frequent inspection Of banking in
stitutions chartered by the state. Some
method should be adopted for pena-
lizing such directors as accept the po-
silion TO attract depositors TO The bank
and who perform none of the duties Of
a director. Dummy and decoy di-
rectors constitute one of the chief men
aces TO safe banking.
Among the other recommendation
OF the message are as follows:
Steps for ultimate state ownership
or immediate regulation and control
of the 100000 horsepower water pow
er of The state.
Continuance of liberal Confederate
pensions, with legislation prohibiting
state officials from enclosing private,
personal or political matter in pen
sioners' mail.
Compulsory legalized primary.
State bank inspection law.
Collection OF interest on the state
deposits. -..
A law prohibiting public officials
from receiving passes, franks or SINH
lar favors from puplic service corpora
tons.
Placing express companies under
the regulation Of the railroad COM
mission. ...
A female shop and factory in
spector.
Fellow servants'law
A commission to Investigate the
subjecI of workingmen's compen-
sation act.
E. Requiring the use Of the most I'M
proved headlights for locomotives.
\ law prohibiting members of the,
legislature from representing clients
before any state department.
\ permanentstate auditing depart
ment not subsidiary to any otherade-
partment of the state.
Legislation TO curb the divorce evil,
the recommendation Of two years ago.
being reiterated.
/ Corrupt practices act
! Establishment of a chemical labora-
tory 10 serve the department of agti-
texture in the, anal ysis of fertilizers.
feed, etc.
increased appropriation for the inn
migration bureau.
/ Continued liberal support of the
state geological survey.
Establishment of state hygienic
laboratory to be operated under the
state board of health.
Vital statistics laws.
A capitol annex, TO be located on
the boulevard.
Consolidation of the free library
orces OF the state. !.
An enlargement in amount of money
for public schools, provided the rev.
enues of the state permit.
A compulsory education law.
| New governors mansion in resi-
dence district.
Enactment Of legislation to accom-.
plish the refunding of the states fund
ed debt at the smallest expense reason-
! able and 10 The advantage of the state.
Legislation looking TO the compile
ton of the Bristol.to-Memphis high
may.
Establishment of state highway
| I'nn ri nnod a., Dofa >,