The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-03-15
HOOD PRAISED
FOR HANDLING
BANK PROBLEM
Bank Commissioners of
Other States Study His
Procedure
The Times News Bureau
Sir Walter Hotel

RALEIGH, March 15.-In or
binary times the banking com
missioner's cubbyhole is not one
of those state departments which
receive a great deal Of public
attention, but the reverse has
been true since the beginning of
the present banking holiday, and
Banking Commissioner Quincy
p. Hood has come in for a lot of
communication from every side
on the way he has handled the
banking situation in North Caro-
lima.
The banking commissioners
office, an unpretcntious affair
stuck away on the second floor
of the old state departments
building, has been the busiest of
all state departments since the
beginning of the banking h0i-
days and no one will venture to
doubt that the busiest man in
North Carolina for the past week
or more has been Commissioner
Hood himself, who has been on
the job both day and night.
From all sides, from the man
in the street to high state Off
Gals, there has been nothing but
praise for the banking commits
sioncr for the way he has hand
led things during the crisis, and
banking officials in other states
have been requesting copies Of
the application blanks which
Commissioner Hood this week
mailed out to banks in the
state system, so that they may
use it as a model in their own
states. North Carolina was one
of the first states to take action
looking to The reopening of state
banks within its borders.
The thing that has impressed
everyone with whom the bank
ing commissioner has come in
contact during the present hectic
days, however, is his perpetual
calmness and courtesy, despite
the fact that he has been at his
desk usually from 10 a. m. to 10
p. m. at night, constantly an
swcring the telephone, debating
kilograms, comforting with bank
ers, The governor, leaders in the
general assembly. receiving news
papermen, and directing the mass
Of emergency duties that has
fallen on his department
The telephone lines to the
banking commissioners office
have hardly had an idle moment
since the banking holidays be-
gan. There have been long talks
with Washington, and bankers in
every part of the state have been
keeping in touch with the COM
missioner's office by long dis
tance telephone every day. Yet
despite all this, Commissioner
Hood has had time to advise leg
islative leaders, confer often
with Governor Ehringhaus, and
frame legislation to take care Of
the North Carolina situation
which other states are already
looking to as a model.
Although North Carolina was
one of the last states to declare
a banking holiday, and was fore
ed to do so only because almost
every other state had taken such
action, this state has been among
the first to rush through AIDE
quate legislation in keeping with
national policy, and to take the
first step looking to the licensing
of state banks to reopen on an
unrestricted basis.
Commissioner Hood has been
eating many of his meals in his
office, sandwich in one hand and
a telephone receiver in the other.
"When this situation clears up
and have an opportunity" he
remarked the other day after
talking for a half an hour to
banking officials in Richmond.
"I'm going to try to get just as
far away from a telephone as it
is possible to get. I'm getting
so that the very sight of a tele-
phone gives me the jimmies."
But if Commissioner Hood has
the "jimmies," it is certainly not
apparent to anyone else.
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