The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-03-02
Corporation Commits :
sion Orders Him to Ap-
pear Tomorrow.
HEARS HE LOBBIED
IN BOTH HOU SEES
Mem bers Want to Know II Bank
Examiner Neglected His Duties
While Working for Increase
in Salary and Greater
Power-Four Bills to
Raise His Pay.


Earksdale has been summoned TO ap-
pear before the state Corporation Com
mission tomorrow morning at ~
o'clock The ruumons was sent 10 MI
Barksdale In letter from CLERK
Richard T Wilson. written BY specific
direction OF the commission Members
OF tho commission have declined -
discuss or 10 outline the nature OF the
matter under consideration.
From other eourccs. however. - Is
learned that tin. conln!saion. which IL
responsible for the official conduct OF
the bank examiner. desires &c inquire
Into alleged characterization on INC
part or Mr. l!arksdaic, In urging be
foro the General Assembly bills giving
him unlimited authority. increasing his
salary, md dIernoving him from tho d.
rect control ard supervision Of the
commission.
-Four bills increasing tho .alarv Of
the bank examincr 10 the amount no"
paid members OF the Corporation Com
mission have been introduced at this
session. one OF them has passed tho
Senate Another hns been defeated H.
the House II rs alleged that Mr
Barksdale has apent large part OF
his time since The General Assembly
met On the fioor of the two houses. and
Corporation Commission desires to In
quirc whether this has been to the
neglect Of his Official duties
HIIis Give Unlimited Power.
Bills urged b. Mt, Btrksaale. III ad-
dition TO increasing his salary. create
the special department TO he knc" n ;s
the Bureau OF Banking. change the
term of office from four years TO life.
give the examiner unlimited power in
the appointment OF assistGnts, exam
liners clerks ana stenog'aphcrs, and
tho entire supervision Of expenditure
or the fund raised by & tax on banks,
with the provision that no part OF that
fund should at any time revert 10 tin"
State treasury. In the examination Of
banks The Lllls give the commissioner
the absolute power to forbid the cs-
tahlishnent OF n new bank III any com
munity, II. in his Judgment. such new
institution IL NO, L. the best ndyant-
nge OF the community. ana he ~ also
given sole charge OF !nsolven, banks.
acting In Lieu OF receivers appointed
h. the courts.
II seems generally admitted that the
bills contain much matter Of merit
At least ono OF them wns stated the
floor to have been drawn hy George
Lryan attorney for the Virginia Bank
ers' Association, and more than one
provision Of that bill, AZ to the methods
laws more nearly conform 10 the Fed
cral regulations ~ To national banks.
Was stated on the floor by Mr Mon;a-
sue~t 20 have the express approval Of
Judge rrcntis. Of the Corporation
Commission. II is understood. how
ever. that tho Corporation Commission
S. disposed to resent what appears to
have been an enor, TO put into these
bills provisions Of which the coinnis-
sion does not approve. and the com
mission !s also said to view as dis
tinctiy Improper tho actions OF one Of
;ts own employees in going on tho hooi
OF the General Assembly to lobbg
through bin making himself indc-
pendent OF the Corporation Commis-
sion, and giving himself n life tenure
of oflice. with practically unlimited
authority.
Four SALARY Hills Onercd.
The four bills introduced ~ This
session OF the General Assembly rails
ing the salary or State Bank Exam
iner 3arksdale from $4,000 To 1900
q year are
Senate hin M. COG; patron. Senator
Rlanks-To amend and re-enact sec
tion lsaa OF the Code ~ amended, in
crcasing the salary of Bank Examiner
Barksdale from $4,000 10 $4,000 n year.
the amount paid by law to members
OF the Corporation Commission The
1t carries q salary increase. but care
ful comparison with the act rs amend
ed in 1910 shows that the change from
$4,000 TO $1,000 Is the only amendment
This bill passed the Senate some
time ago. When objection was made
on the floor Of the Senate that there
was Il general bank bill pending. which
nlso increased the salary OF the bank
examiner. Senator blanks replied that
that was Il very extensive bill. and
might not pass nj this session and
that Mr.. Barksdae wished to he as
sured OF the salary increase even If
the other provisions failed. The Sem
ate bill has been recommended hv the
House Committee on Insurance and
Banking. and appeared on pare iG OF
the House calendar for Saturday as
Senate bill No. 2o6. on its second read
ing.
The Saunders BiII.
Senate Hill Ne. i34; patron. Senator
Saunders. by reGuest-To establish n
Rureau OF Banising. The bin IS
companion measure to the Montague
and defeated BY the House. II ap-
poared on page 10 OF the Senate calen-
dar for Saturday. rs Senate bill No.
1sA, on It's second reading. reported by
the COMMITTEES on Insurance and Bank
ing with amendments. The bill is the
most volumnous before this session,
taking mp 1t5 printed pages. The
clause increasing the salary Of Bank
Examiner Barksdale appears In sec
tion 21, paEc Is. This bill provides
for the appointment OF tho Commla-
sioner OF Banking for four-yoar term.
nj m M