The Penn's Grove record., 1920-10-29

has delayed issuing commissions to the
men whose names he has sent to the
senate. There is no reason why a de-
cision by the supreme court cannot be
reached prior to. when the senate will
meet again. If the courts verdict shall
uphold the governors action the senate
will have difficulty in finding cOnvinc-
ing reasons for failure to confirm the
appointments.
The law permits the governor to re-
move members of the commission for
neglect of duty or misconduct in Of
flee" after giving them a hearing upon
charges filed. This procedure was fol-
lowed, and the governor declared GER
tain of the charges sustained by the
evidence. There is a wide difference
of opinion as to whether or not h evil
dence justified the decision, and it Is as
yet uncertain whether or not the SUI
preme court will assume to pass upon
the suffieiency of the proof. One thing
may be predicted with certainty, and
that is that the court will not permit
itself TO be made an instrument for
furthering the plans of politicians.
Bank Conditions Healthy.
Healthy financial conditions of the
states III banking institutions, conf
ing under the supervision of the de-
partment of banking and insurance,
we're indicated n n statement issued
by Commissioner Frank H.. Smith.
showing the status of the various
banks at the close of business on Sep
TENDER s as compared with a year ago.
An especially striking feature Of the
statement is the large increase in de-
poSits shown b" each class of ustttu-
ton. which include 12f trust cOmpa
MICS. 81 sa ings banks and 2G state
banks.
September s last the aggregate re-
sources of the banks amounted to SS:t3.-
244, 247, an. increase of $S1,3ll,33
since September II of last year. De-
posts of the same institutions last
month amounted to S749,2lS,24S, or an
increase of S92, 1884.
Last month the II of the
trust companies aggregated $3.50. 753,-
0S3, an increase of $50, 70S,5S2 for the
year. The deposits in trust companies
last nionth amounted to $506,6S3,254,
or an increase of So. 763,96I since
September. 1919. Savings banks had
resources Of $212,209,l Jag, an increase
of S21, S10,541 for the year. The de-
posts of savings banks amounted to
$195,579,245, an increase of S~20,3l9,93S
for the year. Reports from the state
banks showed u Of $54, 262,617
on September 8 last, or an increase OF
so, 1929 3 for the year., and deposits in
these Institutions amounted to $4b,-
955, 249, an increase of $9,O35,93S sinee
September II, 1919.
Trust companies ON September Slast
had surplus funds totaling $50, 143,225,
an increase of $l,330,6 600 since Sep
tcmber u, 1919. A decrease o ST.
1872, 663 was shown in the undivided
profits of trust companies for the year,
which on September s last showed the
undivided profits of these institutions
to be $~9,43S,47S. Surplus funds of saw
ings banks amounted to $14,34S,6S5, an
increase of $1,3S6,320 for the year.
State banks had surplus funds Of ST.
932, 500, an increase Of $685. 500, and
undivided profits Of 81, 1S7,274, an in
crease. of $151,l11.
State Truck Traps.
In line with the recent announcement
that Trenton Is to be one of the five
cities at which the state highway de-
partment will erect and maintain
scales for weighing motor trucks Sus-
pected of carrying al heavier load than
the law allows for it's class, 1t is learn
ed from Motor Vehicle Commissioner
Dill that the apparatus will probably
be set up in the neal future. No eff
mite location has been determined
upon, but the scales will be 'soIle-
where in the vicinity of State street"
The other cities selected for the ex
cess load traps are Paterson, Eliza
beth, Jersey City and Camden.
Autos and trucks owned by the state
will have an 50 beside the license
number on next years tags, according
to the commissioners plans. The dis
tinguisliing mark is added in conse-
quence of legislation of last year ex-
empting state machines from paying
license fees.
Inadequate Road Fund.
Assemblyman David Young's pub
lished reasons for quitting the State
Highway commission can be boiled
down into a few words-the job of
making bricks without straw does not
appeal to him. Probably he had
enough of that when superintendent
of the North Jersey Street Railway