The Pensacola journal., 1914-02-13

cial, to direct the grand jury OF the
L United States to investigate into the
| affairs OF said First National bank,
and TO make presentments in accord
! ance With the facts.
I'VE also request and urge that the
grand Jurors Of the United States duly
selected, empaneIled and sworn. in
quiring in and for the body Of the
Northern District OF Florida, to inves-
tigate into the affairs of said First
National bank, and make present.
ments accordingly
''The judge of this honorable court
is respectfully requested to direct the
clerk OF this honorable court TO forth
with transmit a copy Of this final pre-
sentiment and this request to the Hon
William B. Sheppard. judge of the dis
trict court Of the United States for the
Northern district of Florida, and It's
next term, regular or special, that the
clerk OF this court ascertain the name
Of the foreman of said grand jury, and
transmit a copy of this request TO the
foreman Of such grand jury.
RECOMME
During the course of the investiga-
ton into the affairs Of the Pensacola
State bank We have had the benefit
OF the advice and suggestions of sew
eral persons experienced in banking
affairs. We wish to submit a brief di-
gest of what we believe would result
in great good to the people of Florida
if incorporated into the law Of this
state. We recommend:
Il. That a banking department be
provided in the state government
so That only persons be employed as
bank examiners who have stood an
examination by the banking depart
ment.
IS. That in addition to the regular
examination of banks by regular ap-
pointed examiners. that each bank be
annually examined by a certified ac-
countant, and its whole affairs investi-
gated by such accountant, and a re-
port thereof be made to the bank de-
partment.
THAT no person, firms or corpora
tions be permitted TO borrow any sum
in excess of 10 per cent of the capital
stock and surplus of any bank.
IS. That real estate be accepted as
security only by the execution of
first mortgage, and then only for so
per cent of its value.
"6. That it be made a felony for any
officer of the bank to receive deposits
with knowledge that the bank Is in
solvent.
81. That it be made a felony for any
officer OF the bank to allow himself,
or any firm or corporation in which he
is interested, to draw an overdraft.
CThe present law makes such acts cri-
minal only when there is a wilful mis-
application Of the funds of the bank.)
'S. That deposits in banks be insured
or guaranteed by the government out
of fund to be raised from assess
ments upon all banks.
COUNTY JAIL.
1--WE visited the county Jail and
found that the prisoners were well
cared for, properly fed, and everything
kept in a sanitary condition. We
found, however, that the building leaks
badly, and the walls are discolored
I'VE recommend that come provis-
ion be made in the windows in the
kitchen so as to prevent persons fall
ing through same, ard that the county
commissioners cause soiled places on
the building to be painted and that
gates leading to the elevators be kept
closed except when the elevator is op-
posite a gate.
1--WE found the~court house in bad
condition and in need of repairs gen
orally.
POOR FARM.
1--WE found that the poor farm is
well kept, everything in sanitary con-
dition, and the inmates well cared for.
We recommend, however, that farm
ing implements be provided, and that
the barn be repaired; also that the
cook be allowed $50 per month instead
of $50 per month; also that the nurse
be required to perform faithful and
courteous services for the inmates or
be discharged. The privies need re-
pairs and the buildings need white
washing, and a liberal use OF disin-
fectants will help considerable.
THE JAIL, COURT HOUSE AND
POOR FARM.
I'VE were very much impressed
with the fact that while the public
business is conducted in an INSULT |
cient building, out of repairs, with |
poor heating facilities, little light, and |
also that the poor of the county are |
cared for at a minimum of expense |
in a ram -shackle building not as good |
as many peoples barns, the criminals |
Of the county are housed in one Of the |
finest buildings in the couty, the jail |
is modern, well heated, properly light |
ed, with first class ventilation. We |
were very much impressed with this |
contrast. We feel that this is a sad |
comm mentary upon our civilization.
1--WE wish to thank the court and the |
officials for the many courtesies shown |
us during our deliberations.
Having completed our deliberations, |
we beg to be discharged.
Respectfully submitted,