Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-01-30
Luna County Man Introduces
Fifth Measure on the Sub
jeCt and Number Six Is Said
to Be on the Way,
NEW BANKING ACT IS
SOON TO MAKE DEBUT
Routine Session of House
GrindS Out Little GriSt and
Takes Adjournment Until
Monday Afternoon.

Santa Fe, Jan. 29.-The fifth salary
bill Of the session was introduced in
the house today, and embodies the
democratic idea of a compromise. II
was introduced by Mr. Smith Of Luna
county, and is similar to the one in
trodueed by him at the last session.
The sixth bin is to make its appear
ance from the house finance commit
tee some time next week, with the
possibility of a seventh bill on the
each h-county- by-itself classification
A meeting of the committee ap-
pointed by the informal conference
on the salary bill yesterday after
noon was announced today by Chair
man Renehan OF the finance commit
tee of the house for Monday after
noon after the house session. The
meeting is 10 be public one, and
both republicans and democrats are
invited to air their opinions On that
committee are Senators Burns. Ro-
nero and Abeytia and Representa-
tves Martinez, Of Taos Vigil, Of So
corro, and Montoya, of Sandoval.
New Banking Law.
The committees on banks and bank
ing OF both houses expect to nitro
duce next week the new banking bill
to govern state banks and trust COM
panies, the provisions to include
much more rigid supervision than at
present
1t is proposed to create the office
OF state bank examiner to be ap-
pointed by the state corporation
commission. Charles " Stafford, pri-
vate secretary to United States .Sena-
tor Albert b. Fall, is said to be slated
for the position.
In this connection it is remarkable
that despite the dropping ogt of the
First State bank Of Las Cruces, the
remaining forty-nine state banks ana
trust companies of New Mexico make
a satisfactory showing in increase OF
business for the six months ending
January /, 1915. According to the re-
port made public today by the travel
ing auditor, the total bank footings
on December 81 were $9,59S, 1861
as against S9.30S.239.S4 six months
before. The items Of individual de-
posits subject TO check, OF savings
deposits, Of certificates OF deposit
and certified checks total S6,94l'-
O9512. as against $6,s4l,6S0.Sb SIX
months before, sain of almost
$100, 600.
Most significant is the increase ~
savings deposits of s7S3,Sl4.52 to
S926.90O.02. and of certificates of de-
posit from $1,543,6t2.60 to $1,6l5'-
100. 5S. The capital stock paid in has
increased from $17Sl,215.f9 to Sl,-
S10,5SS.44: the surplus from $l4V'-
159 to $1fS, 500: loans and discounts
from s6,G94,7lS.f0 to $6,S5l,l2S.s6;
the loans on real estate being $f,4Sl,-
$3.50, on other collateral S2,62S'-
73t4t, and all other loans, $2,190,-
704.S5. the last item showing a de-
crease from $3.5S3,60O.4s IN bonds
and stocks the banks report resources
of 1868, ,70499 Due from other pahKs'
$1,502, 2,9G1.23, while the actual easn
on hand is $3.50, 402.59
A testimonial to the thrift OF New
Mexico is the fact that the number
of savings dcpositors increased III SIN
months from 5,991 to 6,234 and OF
other depostors from 16,3ll TO l'i-I
9Sl During the past year the banks
averaged II per cent in dividends,
total of Sl25664.2O being disbursed
for that purpose, while the undivided
profits amount TO $19S.593.Si; divi-
dends. unpaid amount to s10,292. 40,
and the surplus to $14S,S00.
The committee ON Judiciary today