Bisbee daily review., 1921-02-26
CHARGE BANKERS !. HOLDING. BACK
 INFORMATION
Clearing House Association Said To Have Withheld
 D a a Requested

WASHINGTON. Feb. 25. - The Pittsburg Clearing House Association was accused by Comptroller Williams of the currency of having forbidden it's member banks to furnish data asked for in the national banl, call issued yesterday by the comptroller.
 Several items not heretofore given on the face oi the reports were re queSted in the current call. the comp trGiler explained. These items. heI said. included statement as to the| amount Of money which was being loaned on bond and stock collateral n New York City; statement show '''~ me aggregate amount of salaries paid to the executive officers of banks and the number Of such offic- CTS. and the amount Of salaries paid all other employees of the bank and the number of such employees.
 The obvious purpose Of inclusion of the clauses, apparently found Objec tionable in Pittsburg," Williams said 'was to develop whether money of depOsitOrs in national banks is being diverted from it's proper function of supplying fesitimate business and en-
 
 need of recklessness of speculators at distance. and whether diepropor- tionate or improper amounts of the earnings Of banks arc being expended in salaries to officials. IL is difficult to understand why bankers who have used such money discreetly and with regard to the rights of their custom CTS and shareholders. should object v~. .f,s Comptroller Williams statement was closely followed by introduction ! in the house by Chairman McFadden | of the banking committee. of a rasO- | lution to declare the comptroller to | be without authority to require nation ] al banks to publish the salaries paid their officials and employees in their | financial reports.
 i Representative McFadden also Is | sued a statement declaring publica ! tion of figures as to salaries would result in great harm because it will stir UP a feeling between the employ CTS and employees by pointing out ill the way of contrast, salaries paid ! Banks throughout the country. Nc i Fadden said, are protesting strenu casly against complying with the ! cOmptrOller's order on ground that ii ! forces them to disclose heretofore i confidential information.
 ! Sal Data Unnecessary i PITTSBURG. Pa. Feb 25.-Wher , informed tonight that Comptroller o , the Currency Williams had accused 1 the Pittsburg Clearing House Asso ciation Of having forbidden membei ] banks to furnish data in connection ; with yesterdays hank call. John F i NacCune. president of the association i said tonight that the information asked by the comptroller was beins ! given
 1 At meeting of the association 1 yesterday" said MacCuGe, we de , cided, on advice of counsel. that wC were not required to publish in the newspapers the salaries of bank O, ! ficialS as requested by the cOmptrol Ter. This information is given to tht comptroller but is not incorporated il bank statements for publication. W. 1 believe we are right in our position. It was pointed out by national banl 1 executives here tonight that the sal ary of every official and employe O every national bank is regularly re
 ported to the comptroller by nationa
 bank examiners and has always beel
 looked upon in the same light as oth
 CT confidential information requested by the comptroller.
 Published statements of the condi
 ton Of national banks in Pittsburl
 under the call of the comptroller sen out yesterday. do not contain the sal aries of bank officials.