Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1916-08-16

Saws Six That Senator Should Comply with the Bank
We're Evaded
and That His Advertsin& Wa

Under date Of July 20. the Rut-
land Herald published an article
under the caption, will MI. W.
TOMS Answer7" which contain
ed the following paragraph:
To bring a disagreeable con-
troversy to a focus, will MI.
Frank c. Williams, state bank
commissioner, inform the voters
whether he has ever had cause
to criticise Senator Pages bank
ing methods, ~ regarding the
evasion of state taxes, (2) re-
garding misleading statements
in his advertisements, (3) re-
garding the guarantee by some
of the banks directors OF some
500 900 of the banks funds, in
vested outside the state?
Under date of Thursday, Aug.
10TH, Mr.. Williams addressed
the following communication TO
the editor of the Herald:
..F,or several weeks have noticed news
items and editorial statements In seVelai
Vermont newspapers, charging that Inc
banking methods of the Lamoliie oooi's
Savings Bank and Trust company. u
which Senator Page is president. nave oeeh
illegal and misleading to the oeposi.AAAs
public and very strongly intlnatihe 'ia'
the bank commissioner had ei1ner oee'
negligent In the performance OF MS oo'ie9'
or had overlooked the faults in the man
aeement of that particular bank Inc
Morrisville Messenger. answering appar-
entity for Senator Page, stated tha' inc
deposttors of the bank had not neeii ue-
caived bv the banks advertisements. and
that no improper or illegal practices ny
the bank had been discovered by the oank
commissioner On August l I noticed an
editorial in the Brattleooro RetoFner'
making more specific charges with reia-
+fon to the practices Of the bank. ana
charging that the bank commissioner mas
oeen derelict in his duty, and the Kan
dolph Herald last week stated that II the
hanks methods were improper. 1t was the
duty Of the bank commissioner TO pro-
ceed" Not having done 80 1t Is 100 fnuch
to expect him to give evidence against
h,-,ealf, An editorial in the Rutland
Herald the last week in July reviews these
charges and others with relation to 'ne
same matter, and asks the bank CON-
missioner whether he has ever had cause
to criticise Senator Pages METHODS nrs1'
REGARDING the evasion OF State taxes, Sec
ond, regarding misleading statements IN
his advertisements. third. regarding the
guarantee by some Of the banks directors
of funds invested outside Vermont the
Refor.ner states that have been repeat
ad1v asked to state the facts with rela-
ton to the methods of Senator Page.
and have not replied. have hoped
that Senator Page would frankly state
the facts with relation to all the
matters referred to. and as to the
position taken by the bank commissioner.
which would certainly clear the banking
department Of any suspicion OF negligence
or favorttism with relation TO the prac-
tees referred to, and would also aseufe
the public that all such practices had oeen
stopped. and would thus avoid any posi-
Bile claim that the bank commissioner
vas making any statement for poiitica
purposes, but am very Jealous OF the rep
utation Of the banking department. o.
Vermont and am not willing that the poo'
Die of the State should get wrong I'm
preston as to the attitude Of the oanA
commissioner with relation TO Illegal o.
improper practices by officers OF AM
banks over which he has Jurisdiction. Tht
Is my reason for answering tho cnaSse'
which have been made I think It Is full!
as important that the people OF the Stat
should have confidence IN the intesrst.
0f IA
Eioner. as that any particular indivtdua
should be elected United States senator.
realize that tho people OF this State hav
= rfght to know what the attitude OF tn
bank commissioner has oeeu towards an
improper or illegal practices OF the oanki
but ] wish to have II plainly understoo
that during my term OF once az ban
commissioned. the money deposited In II
Lamoills County Savings Bank q Tru'
company has been safe. and tho bank hs
been solvent. and It's condition at II
present time 10 better. and tho bank
stronger than at any time during tho pa
Etx years
CHARGES SUMMED UP.
Summing MP the charges wna
have been made By the various new
papers during the past six wee!
which I have seen. which reject MP
the administration Of the banking
partment Of yermOnts
ssTrfr.t. It Is charged that sena'
Paee transferred bank stock which
owned to avoid taxation
~second, It Is charged that the 1
mobile County Savings Bank and tn
company, Of which Senator rage
president, issued misleading ndVerti
ments with relation to the manner
~ denOattOR0
invested
sern,-d. n "a charged that some dir
the hank Endorsed or guarant'
.,+ ~ state loans by the bank In
.,,oun< very much larger than tho ]
allows.
"rourth. Il Ia charged that the bs
-s..sonex must have known