The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1918-03-04

following changes iu that act. which
changes viii Dee recommended 10 he
committee of the New Mexico Bank
crs' association, and which are here
given with the reasons making them
desirable whore such reasons are not
apparent.
Tho title state bank examiner
should bee changed 90 state hank COM
missioner CO.. comptroller or superiu-
tendcni that official should %" cm-
powered 90 onpir, ouc or moro bank
examiners as a.. needs Of his office
appear to- rcuuiru. und one office
clerk or stcnoprI phor. Tho growth
of 40 state banking system D. such
chat this office ts az present SON
stituted ly law cunuo funny dis
charge the Sutiys required OF 10 hy
that law. There was an increase Zoo
1919 i'm the number OF state banks OF
approNiurateiy % per cent OF tho
number 1T tho beginning of that year.
TWO competent aud rcliabi, field cN-
amincrs would % have their hands
tull in making two examinations OF
the proper kind each year taking into
consideration especially the long dis
tauces Il Is necessary to travel Al
the present time the office CORE
spoudcucc. in and out. in each month
b. h equivalent Of the entire CORE
spoudonce Of tho office for either of
the years 1918 rol0lG. The amend
mcnt Of 1917 imposed heavily in
creased duties and responsibilities in
the matter of investigating applica-
tious Tor new charters which investi-
cation require much time and much
labor. particularly IN tto matter of
correspondence Tho head of this dee
p|artnient of tho state government
should Doe 800 DIS office 20 uttcut
promptly la th, many important
! matters now continually arising. Ia
ho az liberty Co orange or to conduct
Investigations un applications fol
! charters. 20 uutNtc incoming reports
from field examiners. % aualyzo and
compare report. II conditions as re
ceived ana tu nr in instant readiness
60 respoud 90 ...Is for help iu time of
trouble which win surely como. By
AN means Doc ..Hld not b., required
to trayel tho ,'lr, from end tu end
as 70 Is now necessary Ia 40 Cor both
him and his deputy leaving thc offic,
to bake care of itself. In order that
even u ~reusculH.. number ~ rNimlu.
ntinus may Dol, made.
''rhe ofrcc ut rhe state hank com.
missioner should bee completely al.
yorccA from tho state corporation
commission. THH relations eNIstiu,
at the present ame between thi
office and th, -,.to corporation com
mission ARE iI..' there being com
ploto aud perfect cooperation bu
as viii Ice apparent after the briefes
consideration. r#.re might arise uu
der the pros,. law a situation ia
which the wur. tho state bank oA
uminer would .. nulificd
"The dccis... of the state banI
commissioner t any application 10
a bank CHART. huuld he final a
bon the case of ... comptroller OF IN
currency parU, feeling themseho.
agrrieNcd wuuI. Ilwuys have "a mean
of relief iu tD, curtis. machinery al
/ ready provided ways available am
above political .f personal consid
crltiuns.
"The bank should provide an,
specify compile. machinery for IN
creation and eminent of corpora
Z tons formed lo q banking bust
mess The .Ht law Is faulty 81
To- thHt respect Nfse ON the genera
corporation I"E 'rlng now neccssnr
/. in SOME niaH.
Tho bank hould provide q
protect M, itutionnl charteriu
powers of a.. re- corporation com
I mission and Z go further in pro
e viding Tor tug .Impulsory surrendc