Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-01-12

firmly by the General Assembly" as
recommended by the Commission on
Economy and Efficiency IN it, repor,
to the General Asseinbi" In 1913.
The expenditure OF tho public funde
should be made only with n. specific
approval of the legislative nnd exccu-
tive departments oc the state. In ac-
cordance with the requirements OF
tho Constitution and the authorized
procedure OF the budget act Re
sponsible government is defeated by
amy other course. while the Integrity
and efficiency % the public service is
endangered.
In order that the Bureau OF Insur-
ancc may be brought fully under the
budget system. i, Will be necessary
To amend the insurance laws TO re-
Iuirc al! fees and license moneys col
iccted 10 be deposited in the general
fund OF tho State treasury available
Tor general appropriations. These
fees. under the present laws, are
levied and collected for specific
purpose. and are therefore not avail
able FOR general use. The specific
ana segregated funds in the treasury
should be all merged "a. soon as posi-
bic into the general fund, 30 that d.
rect appropriations could he made by
the General Assembly for CARRYING
on tho various activities OF tho state
IN strict accordance with the budget
system.
While this recommendation canno,
DC fully carried out IN this budget,
IL Is nevertheless recommended thai
the expenditures OF tn. Bureau o: In
surance for the ensuing bicuniun, be
hudSeted and made payable out OF tho
bureau OF Insurance Fund" In this
way The General Assemble and tho
Governor VIII DO able To control the
amount OF the expenditures. at least.
q" contemplated by the budget act
specific appropriations are carried
IN TINS budget fer the Bureau Of In
Shrance. payable out OF the bureau
"i insurance Fund" amounting to
S''' i2o Tor each year OF the bicrn!um
ending February -. 1924.
Hawking Division.
section 4l2l OF the Code of Wy.
SiAia. 1919. as amended by the ac,
approved March -. 1920 provide.
TIA, the state Corporation commits.
sion shall appoint a chief examiner
ana such assistant examiners c,crks
ahc stenographcrs as In IT'S ,udrmc,,
may b" necessary" To carr ON m.
work of the banking division nrd
mat the state Corporation Cor,,,is
sion shall TX the salaries o. su.h chtn,
examiner. assistant examiners Ior,,.
ana "ien"Graphers. For conanc,ipr
The work of the division ,,, ,.,.,
me salaries and expenses of II. on.
icFicd on the State and S,,,o,,,
~ NHEihia' according u their
financial condition. which mr.. mn
's p"'" INTO the State treasury in
80. '""'h OF July TO the credit of th.
runu-Statc Corporation
'sS'on' 1t Is further provided
,''' 1t working balance OF $4,000 SHAH
ne maintained for the expenses OF rho
"nN'hs division (Acts of Assemble
~ ch'p. I9l. sec. 1922. y. s25, ma
'eNcF the amount exceeds g. soo
y" June so or any year. the cyc.se
over $4,000 shall be refunded 10 ,ho
,,. "".' state and national. in propor-
''"" |" the fees paid by them
son IL or the act annroyo,
harch % 1918 tActs OF Assrnh,,
i,ts' chapter +o2. pp. 6so.sso,
""''h regulates the small loops hm.
mess. provides shat tho Iic.r,, 80,
''N'ed by tho act shall be COLLECTS,
o. IN" chief bank cSam,p,., .,
turned .nto tho State treasury TIL
connections are segregated and ho,,
~ 'he stat" treasury In fu,,
known as The small loans licens.
tuhd--State Corporation Commits.
SION The State Corporation Con-.
mission IS given full power to en-.
p'oN ana fix the compensation Of an
Examiners ana CLERKS needed TO as
s's' the chief bank examiner 10
carry out the provisions OF the small,
'o'hs act The expenses of thu
banking division In administering
'nc small loans act are betrayed ont
OF the fees levied by II.
II VIII be seen from the exis,i,,
provisions OF the law that tho OK.
p%"dii"rHS in the banking division
are beyond the cLrrent control AZ
TIE General Assembly and the Gov
cruor. The state Corporation Cam
mission has full power to raise OF
lower salaries. employ at will. and
to expend the funds collected rs II
alone sees lit. irrespective OF the
budget law. THIS situation should
not be allowed to continue.
In order that the banking division
may be brought fully under the
budget system II Will lie necessary to
amend the banking and small loans
acts TO require ali fees collected to
be deposited in the general fund
OF the state treasury available for
general appropriations. These fees.
under the present laws. as in the
case OF the bureau or Insurance. ar,
levied and collected for a specific
purpose. and are therefore not avail
able Tor general use.
II ia recommended. therefore. that
the expenditures OF the banking d.
vision FOR tn. ensuing hicnnium be
hudgetcd aud made payable out OF
the banking fund" ana the small
loans license :und." respectively.
Appropriations are recommended
III this budget for the banking d,yi-
sion. payable out OF the banking
f'nd." amounting To &i3.lS0 for each
, year. ana payable out of tho small
loans license FUND" amounting 10
1850 FOR each year Of the b!emnium
! ending February -. 1924
Law Enforcement.