Evening star., 1933-03-03
BANKING HOLIDAY
PROBE PROPOSED
Bill in Maryland House Asks
Names of Persons With
drawing Over $4,000.
BY a staff Correspondent of The Star.

BY stan correspondent OF Inc star.
ANNAPOLIS, March 3.-Events lead
ing to the declaration Of Maryland's
bank holiday may be probed by the
Grand Inquest Committee of the House
Of Delegates, headed by DR.. George L
Edmonds, chairman of the Montgomery
County delegation, 1t was reported here
today
Such action may result from q reso-
luton introduced yesterday by Dele
gate Thomas D'Alesandro of Baltimore
calling upon the bank commissioner tc
make public the names of all persons
who took part in the runs on the banks
during the 10 days preceding the ho!i-
day DEGREES.
Mr.. D'Alesandro said he would amend
his resolution today SO as to apply only
to those who withdrew more than $l0,-
900. If the list includes the names oi
any bank directors or officials, the
Grand Inquest Committee will then bt
asked to conduct an investigation. he
said.
Resolution Is Amended.
The Baltimore delegate decided tc
amend his resolution at the suggestion
of Delegate Oliver Metzerott of Prince
Georges County and agreed with the
latter that if any disclosures involved
bank officials the proper procedure
would be to submit the matter to the
Grand Inquest Committee.
Names, addresses, amounts with
drawn and the balances remaining
would be required concerning all per
sons, firms and corporations which
withdrew funds between February II
and February IS, the last day the banks
were opened under the D'Alesandrc
resolution, which was referred by
Speaker T. Barton Harrington to the
Committee on Rules Of which Mr.
D'Alesandro. is a member.
1T has been reported in the dali!
newspapers in the City Of Baltimore
that there was withdrawn from flnan
cial institutions in the City Of Baltimore
s13,000,000 by depositors Of banks ant
trust companies in the City OF Baltimore
within a few days Of the recent CLOSING
of the banks and trust companies b!
resolution says.
Public Is Aroused.
There Is a widespread feeling amoni
many Of the depositors that some de.
positors, acting on advance information
withdrew their funds from many Of thu
financial institutions to the disadvan.
tage of others.
ITO allay any such public feeling ane
for the purpose OF promoting bettel
feeling among the citizens Of the City
of Baltimore in these trying times;
ut is resolved by the House Of Dele.
gates that the State bank commissioner
within five days from the passage o
this resolution, transmit to this House
the names, addresses. amounts with
drawn and the balances of the account!
of all persons. firms or corporation
companies in the City Of Baltimore
under the Jurisdiction Of the State
bank commissioner, within 10 days
prior to the 25th day Of February
1888"
When Delegate D'AleSandro moved
to suspend the rules and adopt the res
olucon, Delegate F. Murray Benson O
Baltimore said he feared the results
which the publishing of such name!
might have in these critical times.
Might Injure Credit.
D'Alesandro told the House that Il
any one had taken advantage Of ad-
vance information to the disadvantage
of others in this bank crisis, he thought
1t should be known, and 1t was FOL
that purpose that he had introduced
the resolution.
Delegate Metzerott then pointed out
that not only would such a report as
that asked by the resolution show uI
those with large accounts, but it would
show the financial condition OF the
man with a small account, and ii
might hurt his credit.
D'Alesandro then announced that In
order that more time could be taken
to consider the proposal, he would
withdraw his motion to suspend the
rules.
INVESTMENT BILL OFFERED.