Las Vegas age. [volume] (Las Vegas, Nev.) 1905-1947, 1927-10-08
.GOV. BALzAR NOT
| CONVINCED OF NEED
Nevada Senator Seeks More
Funds tor Federal Bureaus
Points Need to Extend Re-
search.

necessity, and will issue no such
call until it Is demonstrated that
an emergency exists in the treas
ury situation which cannot be sur
mounted by Nevada's elective Of
ficials without injury to the state.
Furthermore, he said, he intends
| to take counsel with representa-
tive citizens from different parts
of the state upon the matter, and
in any event, would issue no call.
If he issued one at all, for several
weeks "At the present time,
he said, while the state is suf-
fering from Inconvenience arising
! from a strict application OF the
old treasury laws, and the abb
sence of a half million dollars in
| fund balances, its departments are
functioning as usual, the state Is
paying it's bills promptly, and 1t
has not been compelled to curtail
any necessary activities"
Many Requests for Laws
The governor also said that in
! expectancy of an extra session
numerous persons were request
ing that he submit to the legis-
lature special matters not related
to the treasury situation. These
proposed bills, he said, cover all
sorts of subjects, many OF them
! exclusively local in character. One
prominent Reno attorney, he said,
i vice not favoring a special ses-
sion, believed that it might be
we'll to add a third judge to Was
hoe county to relieve the conges-
tion in the courts here.
The governor concluded by say
] ing he would not call a special
session until he is shown" that
such a step is imperatively nee
essary.
Comment on Session
A variety of comment has been
=. ard during the last few days
upon the expressions heard last
week that a special session should
be held.
The Elko Independent, Demo
cratic, published in the home town
of Morley Griswold that a special
! session is urgent TO modern1ze
/ the treasury laws and to restore
to circulation the money now held
! in state vaults. The carrying of
so much money in the capitol, 1t
says, is an unnecessary hazard,
exposes the treasurer and his staff
to robbery, and removes a large
sum from the channels of bust
ness.
The Sparks Tribune, DemOcra-
| tic, is of the opinion that the
state is transacting its business
without serious Inconvenience un-
/ der present conditions, and says
that while some of the people
money may be removed from cir
culatfon by following the old trea-
sury laws, that the situation is
no worse than it would be II
a special session of the legisla-
ture is convened and perhaps
hasty and ill-considered amend
ments made to the general laws
! that would perhaps serve only to
remedy a temporary condition and
might be productive of more harm
/ than good"
/ The Tribune adds that the peo-
pie of the state as a whole are
! satisfied that the situation is not
so grave as pictured, and that
1.-The governor and his advisors
can handle the situation very
nicely"
| BANKERS WANT RELIEF
! The Toaopah Times, Democra-
tic, says that while an extra ses-
ion OF the legislature may be re-
quired by the financial exigencies
of the occasion. it should be dis
tinctiy understood that the session
will be chiefly occupied with pro-
viding relief for the banks"
Continuing, the Times says edi-
tOrially:
| "The action of Attorney Gen
eral Diskin in checking the
abuse of state depisjts has serv-
! ed to open the eyes OF the pub
lie to the amazing profits de-
rived from the use of state
funds. Surplus moneys have
| been at the beck and call of the
leading banks without regard
I for the earning power of the
money so far as the legitimate
concerned Now that the money
has been ithdrawn from the
blanks and placed wnere the law
says it should be, in the state
treasury in the form of actual
cash, mot cashiers orders Or
promises to pay, it has created
a situation causing hardship to
the. banks. This withdrawal of
public funds will result in the
diminution of dividends on the
part of the leading beneficiar-
les who are clamoring to have
the money restored to circula-
tion. The bankers are prefectly
right but they are somewhat
tard with their appreciation. ="
The Times concludes by saying
that in any revision OF the treas
ury laws provision should be made
for adequate compensation to the
state for all state funds deposited
in banks. adding that the latter
loan such funds to their custo-
mers at profitable rates of in
| terest.
Quayle Not Convinced
B. L. Quayae, a prominent at
torney of Ely who was in Reno
Saturday, is not convinced by any
means that there is an emergency
SO serious In character as to make