The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-31
SOLONS TO QUIT AT
NOON ON APRIL 2
coNrINurp rnoM PAGE oNn

CONTINUED FROM pAGE ONE 90,
denartmental nppropri a [ 1 IN MI
pssaed by tho senate until tho upper
house took action on tho oiecuoh
and registration bills passed by tho
lower cha nmbor. There was cur
ity. therefore. tonight al TO tho
action the house would take on the
departmental appropriations. The
house appropriations committee diu
no, rSpprt the bill today, as had
been expected The deficiency APP
propriations wero 10 he taken up al
n house session tonight and IL was
thought that once this hhd peen
disposed of. the house would thcke
tho departmental bill.
The senate passed the resoiutlon
for sino dio adjournment at the
morning session. Tho vote was 81
20 4. Senators Durant, Harrison,
Uorncr and Sherman voted against,
Tho resolution was brought up In
the house during the afternoon by
w. IL. Disney, democrat. Muskogee'
An overwhelming oral vote resound-
ed I'm the chamber and both houses
had taken action to end the eighth
session three days hence.
Bank Report Submitted.
The real beginning of develop
mcnts, which were capped by the
report asking impeachment pro-
ceedings against the governor. was
made when the report of the investi-
eating committee on the state bank
ing committee, was read. In max
ing its recommendations To the
house. tho investigating committee
suggested four distinct steps. Tho
first would require all applicants for
a bank charter In Oklahoma, to
state on his application the names
OF any other parties Interested In
tho acquiring OF tho charter and the
amount OF their interest, whether In
money or other security. Tho sec
ond recommendation asks that the
governor bo requested to require
tho bank commissioner to recover
from \. l.. Buck OF Shawnee for tho
benefit of tho state guaranty fund
tho $4,000 unlawfully credited to
him Just before tho failure of sho
Security State bank of Shawnee"
The money was paid TO Buck and an
outstanding salary account against
the bank, draft for which was depos-
tied in the bank on the eve OF it's
failure, according to the finding OF
the committee.
Would Protect State Fund.
The attorney general would be
called on to take legal steps necss-
sary TO prevent the guaranty fund
from loss by any unlawful action
OF the bank commissioners In per-
mittlng tho diversion OF the fund to
protect any one other than a bona
fide depositor of tho Citizens State
bank of Coalgatc. and To require a
refund to the guaranty fund by all
lanks which were allowed TO charge
back rediscounta against that bank,
creating an alleged ovcrdraft.
The final recommendation was for
adoption of such legislation as Will
prohibit officers and employees OF
the banking department from be
coming Interested in state banks and
criticism of the department.
The report OF the subcommittee OF
the executive council OF tho State
Bankers association, In summarize
ing charges against tho bank com
missioner. says reviewing the on
tire testimony. the committee fails
10 find anything which justifics It
in believing that the bank commits
sioner. the banking board or tho of
iicers OF the Wilken Hale state bank
who were connected with the several
transa Ctlons have committed any
acts which are fraudulent or cor
rupt in any way. In conclusion, this
committee further bclievca the
things complained OF have been on.
tirely within the discretion of the
bank commissioner and tho banking
board, and that they have handled
the matters to the very best OF their
ability I'm the interests OF the guar
anty fund"