The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-03-03
commission HEARS
BARkSCALE TODAY
STATE BANK EXAMINER TO Ex-
PLAIN ACTIVITY ON THE
FLOOR.
HAS NOTHING TO SAY
NEITHER JUDGES RHEA OR PREM
-Tss. OF CORPORATION COM
MISSION. WILL BE QUOTED
ON THE CASE.
HAS NOTHING TO SAY


sion. for the purpose, 1t is said OF
explaining his activity on the floor pr
the general assembly in the interest
of several bills. tending to increase his
salary. and the institution of a bank
bureau with himself at its head. This
information freely circulated tho halls
OF the capitol on the heels of let
ter written to Mr.. Barksdale by r. r.
Wilson. clerk of the corporation COM
mission, requesting his presence be-
fore tho commission.
Mr.. Barksdale, when seen yesterday,
would have nothing to say on the mat
ter, stating that at this juncture he
would rather not make a statement
for publication. Neither Judge Rhea
I or Judge Prentiss would talk about
the case. declaring Il would be highly
improper for them to talk of the mat
ter until 1t had been heard by the
commission. However. (. is known that
this Is the cause of the summons and
what the outcome will bo Is mat
ter of speculation.
The absence of airy state officials
from the floor of both branches of
the general assembly was noticeable
yesterday when IL was stated in the
newspapers that Mr.. Rarksdale had
received his summons. There have
been four bills introduced in the house
and the senate on the bank situation,
regarding the increase In the salary
of the examiner and the establishment
OF the bank barau.
Thy are as follows:
To Increase salary.
Senate bill No. 2ts; patron, Senator
Blanks--To amend and re-enact sec
ton 1Isa-a OF the code as amended. in
rreasing the salary of Bank Examiner
Barksdale from $4,000 TO $1,000 n year.
the amount paid by law to members
OF the corporation commission The
title OF the bill does not indicate that
II carries a salary increase, but car
full comparison with the act as amend
ed In 1910 shows that the change from
$4,000 to $4,000 is the only amend
ment.
This bill passed the senate some
time ago. When objection was made
on the floor of the senate that there
was a general bank bill pending. whieh
also increased the salary of the bank
examiner. Senator Blanks replied that
that was very extensive bill. and
might not pass at this session. and
that Mr. Bark sdale wished to be as
sured Of the salary increase. even IL
the other provision failed. The SEN
ate bill has been recommended by the
house committee on insurance and
banking. and appeared on page Is of
the house calendar for Saturday AS
senate bin No. zoe, on it's second read
Ing.
The Saunders Bill.
j Senate hin No. 1874. patron. Senator
Saunders by reauest-To establish a
bureau Of banking. The bill is a com
panion measure TO the Montague bill.
which was debated for four days and
defeated by the house. Ii appeared on
page ~ OF the senate calendar for Sat
urdaS as senate bill No. 1874, on It's sec
ond reading, reported by the committee
on insurance and banking. with amend
ments. The bin is the most voiuminous
before this session, taking up lis
printed pages. The clause increasing
the salary of Bank Examiner Banks
dale appears in section Fl. page Is.
This bill provides for the appointment
of the commissioner of banking for n /
four year term. The title Of the bill
does not indicate that it contains a
salary increase.
House bin No. So. patron. Or. Kent,
Of Halifax. from which county Mr.
Barksaale appointed-~To amend
section 1862 of the code amended.
Like the bill offered in the senate by
Senator Blanks, this bill merely amends
the act OF 1910 to increase the salary
~ Examiner Barksdale from $4,000 to
$4,000. /, was reported from the COM
mittee on insurance and banking after
assurance had been given that as
II WIS not a constitutional Office the
provisions Of section SO OF the constiiu-
ton. which forbids the salary OF any
sficer OF the State from being increased
or diminished during his term, would
not apply The bill appeared on the
house calendar for Saturday on page IS.
as house bill No. -. on its second
reading The title of the bill does
not indicate that it contains a salary
Increase.
The Montague Bill. 4
House bill No. Sc; patron, Mr.. Mon
nsrs IA f~t, h,trA ~ n,sLs
ing. This bill was debated for four
lays In the house, and was finally re-
iected on Friday by vote of SO to
a. Like the bill offered by Senator
Saunders 1t was most voluminous. oc-
cupying lis printed pages. 1t created
a separate bureau. Increased the salary,
ST the bank examiner, whose title was
changed to commissioner of banking.
from $4,000 to $4,000; gave him sole
Jurisdiction independent of the corpora
ton commission. except in appeal cases;
gave him the right to determine
whether or not new bank should be
established in any community, and the
absolute control of insolvent banks.
The bill contained many provisions
which were stated to be aimed to place
state banks on par as to restrictive
legislation with national banks. and
n gAvc the commissioner OF banking au-
shority similar to that of the comp
.roifer OF tuc SuitSHCs. iHS t'tiV % eAc
sill did not indicate that II carried any
valary increase.
Amendments offered to the Montague
sill provided an increase in the mini
mum capital of banks from $4,000 to
$4,000: that no charter for new bank
should be granted by the corporation
commission until the consent of the
commissioner of banking had been
granted; that the commissioner. when
spplfed to. should examine into the pros
)ects OF success OF any proposed new
sank and grant n permit only IL he
thought II expedient. The bill pro-
fided that the commissioner OF bank
ing might charge the cost OF his OH
HAL bond to the expense of the de-
aartment, and that he might appoint
\ rom time to time such assistants as
4 IA might deem necessary.