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PAGE TWELVE THE ARIZONA REPUBLICAN. PHOENIX. WEDNESDAY MORNING, NOVEMBER 30, 1921 SPECIAL SESSION OF LEGISLATURE SET FOR JANUARY Official Announcement Of Meeting Made At State Bankers Convention By Charles W. Fairfield The first official announcement that a special session of the Arizona legislature will be called and that it likely will be called in January was made at the state bankers' conven tion at Castle Hot Springs by Charles W. Fairfield, head of the state bank ing:, department. The announcement was made on no less authority than Governor Campbell. Mr.' Fairfield stated that the gov ernor, had directed him to inform the bankers that unless there is a de cided change in plans during the next two months, the special session will be called in January. Although rumors of a special ses sion reached here as long ago as Sat urday from Prescott and Nogales, the news received from the bankers con vention yesterday was the first word that carried authority. "The legislature will be brought together for the purpose of consider ing purely financial measures," said Mr. Fairfield, following his state ment that he was authorized by the governor to make the announcement. To Consider Banking Legislation "I have the governor's promise that proposed banking legislation will ev considered for inclusion in his cail," Mr. Fairfield told the assembled bankers. "I do not know whether this Is the proper time to introduce a complete banking code, as ordi narily a special session is prone to attempt to confine its work to a short period of time. However, I hope we Jnay meet with success in securing co-operation and I believe we should try to get it done, without further delay, as its necessity is sufficient to Justify the effort." Mr. Fairfield in his address de clared Arizona, is sadly lacking in proper regulatory legislation for tho handling of its state banks. . "Probably no class of institutions should be more regulated by law and yet in Arizona it is remarkable to consider how little real banking legis lation has been passed in this con nection. During the time from state hood up to ad including the last nession of the legislature, bills toward this end have been proposed and in troduced with practically no change In the situation," said Mr. Fairfield. "In times past legislation not suited to the needs of Arizona has been in troduced and has been characterized by some of you as freak legislation.' I have seen the time when I felt in this regard much as you do but I am torced to believe, more and more, that the so-called 'freak legislation' Is only the attempt of the depositor who realizing tnat banks are an eco nomic necessity, is attempting to pro tect his interests, and I am also con vinced that if a first class conserva tive code is not soon made effective In this state, the legislators will eventually take it on themselves to regulate the banks without consult ing your preferences. Suggests Bank Guaranty Law "1 was greatly surprised at a meet ing or the .National Association or Supervisors of State Banks to find a growing sentiment in favor of a bank guaranty law, and found as well that ' the South Dakota, code is finding great favor. I do not wish you to feel that I am advocating this legislation, but I have made the remark in the past to some of you and now make it to all of you, 'that if every baiker were required to be a bank examiner before he could become a banker he would enter into his duties as a bank official with a different view point. "My experience during the short time I have been in office has led me to feel that one of the most sacred obligations which a man can assume is the obligation of the banker to his depositor, and I think that every le gitimate banker of the country feels much the same way. However, a large parfof our financial stringency Was caused by granting excess loans oi otner people s money to mose , whose optimism enabled them to put one over on the banker. Some law should be enacted limiting the loans of an institution to any one individ ual, firm or corporation. . There is no doubt that the granting of excessive loans is an injustice to the depositor, as it jeopardizes his deposit by plac ing too many eggs in one basket. "One of the needs of the state, in my estimation, is that any proposed bank code should follow the precedent established by our national and fed eral reserve systems and establish a minimum capitalization of a bank based on the population and the needs of its community. We are suf fering today from undercapitaliza tion, and there is certainly an ethical wrong toward the depositor when a bank with $50,000 capital stock can have deposits of a million dollars and can make the depositor take practic ally all of the chance when money is being loaned. "Laws Inadequate" "Our laws are also very inadequate In stating what can be carried in Hock, bonds and securities. The de partment's examiners have found the very worst kind of wild cat oil and mining stock carried in thts account and it is an Injustice to the' depart ment to requre it to pass on such waste paper. Another injustice that has occurred in the past and may possibly be occurring now is the placing of excessive collateral with correspondent banks, thus diverting in .case of liquidation, either enforced or voluntary, assets of the bank which belong to the depositing creditor. This diversion of security is not shown on the statement and it is only from the published statement that the bank customer is able to judge of the soundness of an institu tion. "In many of the smaller banks. and even in a few of the larger ones, we find too much one-man domination. The directors do not direct and there is entirely too much ' assumed or necessary authority, vested in some one officer. The new code should, in my estimation, pro vide for regular and frequent meet ines of the board: the directors 6hould assume an obligation under oath, to be filed in the banking de partment, and absence from two suc cessive meetines should cause re moval, also directors should be elected from bona-fide stockholders and there should be specified mini mum stock ownership as a prequisite to flection as a director. "Before passing on to matters not authorized to tell you that unless there is a material change in plans during the next two months a special session of the legislature will be called during January, 1922. The legislature will be brought together for the purpose of considering purely financial measures, and I have from Governor Campbell his promise that proposed banking legislation will be considered for inclusion in his call. I do not know whether this is the proper time to introduce a complete banking code, as ordinarily a special session is prone to attempt to con fine its work to a short period of time, however, I hope we may meet with success in securing cooperation and I believe we should try to get it done, without further delay, as its necessity is sufficient to justify the effort. Banks Great Factor "Generally speaking, we feel that the banks of Arizona are taking a wonderful part in re-establishment of confidence in the state. Most of you gentlemen have seen many nights during the past year when your sleep was more or less dis turbed, but it has not been through fear of the ability of yourself or your institution to adequately handle your own situation, it has been more in endeavoring to devise means to care for those customers, staunch friends and patrons of the bank, who needed your assistance in getting through their critical time and yet have handled the situation In a wonderful manner. I do. not say this with the intent to flatter you or to ingratiate myself with you, but I have found out by contact, both east and west, that Arizona is considered to have passed through the fires of adver sity far better than many of those states which have shared the ordeal with us. . ... "We are thankful to the bankers of Arizona for the wonderful spirit of co-operation which we have found, and the readiness with which our suggestions have been met or argued outr- Possibly some few have been inclined to feel that we were exceed ing our authority, but even they have listened to us courteously and given us the opportunity to state our views and many times to put our practices into execution. The co-operation of the other banks of the state was man ifest last spring during our worst troubles and the civic pride displayed by the various organized bodies in the different sections of the state was most useful and much appreciated. I have never found a banker that I would not feel perfectly free to ap proach for discussion and advice and if our administration of the banking department is a success, it will be largely for this reason. In this con nection I do not believe that it would be out of place to express my appre ciation of the constructive efforts of the Pacific coast bankers, particu larly that body of men in Los Angeles who have assisted in the financing of the Salt River valley. "By the time another year has rolled around and the Arizona Bank ers association is again assembled, I trust that we may be able to look on 1921 as a bad dream which is only hazy in our memory, and that we will have again entered intoan era of prosperity, this time based on true values and viewed from a proper perspective." . o ' CAMPAIGN TO RAISE BOY SCOUT BUDGET IS GIVE! ADDED IMPETUS TUESDAY A new Royal Canadian Mounted Police post" has been established at Ponds Inlet, in the extreme north of Maffin's Land. This is the farthest north post and a staff sergeant only will be full police authority for the entire Maffin's Land territory. Eski mos are the only inhabitants. o ' Raising wild turkeys at tame fowl and training them into the ways of the ordinary turkeys has proven suc cessful in certain parts of Louisiana, according to the Conservation De partment of that state. Given a wide range, the wild turkeys are not sub ject to disease as are the tame fowl. With the members of the Kiwanis and Rotary clubs, organizations that I have brought to a successful termi-1 nation everything they have ever-attempted, getting solidly behind the movement, the campaign for the Boy Scouts took on an added impetus yes terday. As reports came in from the workers who had been assigned to the drive by the two clubs it was in creasingly apparent,- according to those in charge of the campaign that the full quota of Maricopa county is almost an assured fact. In addition to the workers who were in the field Monday, more than 20 others reported at the Y. M. C. A. yesterday morning and before eve ning it was certain that the increased force had achieved results. AH the workers met at luncheon at noon at the Y. M. C. A., where their assign ments were re-arranged and the plan of campaign for the remaining hours of the drive worked out. The attention of workers is directed- to these luncheons for a partic ular purpose. The luncheons provide the pnly feasible method whereby the drive can be kept a co-ordinated thing At these noon day meetings the work ers may exchange experiences, check up on the work that has been done during the preceding 24 hours, and new assignments given out in time to give the workers an opportunity to strike while the iron is hot. For these reasons everyone interested in the campaign is urged to adttend the lupcheons and to receive the inspira tion whic hcomes from those gath erings. In checking 'he results of the two days of the drive which were ended last evening it was found that about one-half of he workers have report ed to the directors and that these have interviewed about one-half of L the prospects who had been assigned to them. This means that only one quarter of the total number of pros pects indexed by the directors have been interviewed, and gives the most cogent reason who those who are in terested in the Boy Scout movement would give their services to the cam paign today. Not enough workers are reporting to carry the drive along according to schedule, the difficulty being not the work of getting contributions, but the impossibility of calling upon the prospects assigned to the various campaigners in the time which has been alloted to them. s While there is no doubt of the sue- cess of the campaign In the rruncls of those connected with it, they are resolved, it was announced yesterday, to bring the drive to a successful end without-regard, to the. time taken, and for this purpose they are deter mined o continue the campaign as long as is necessary. The budget de mands of the organization -are im perative and there can be no cessa tion of effort on the part of workers or directors until the full amount needed has ben collected. The dif ficulty, as was outlined in the fore going paragraphs, is not one of in terest on the pir of the people of the city, but of time, and if it is nec essary to extend he time of the drive this will be done without hesitation. A continuance of the drive, how ever, will hardly be necessary, it Is thought. The workers are announc ing that 'the Justice of the demand and the imperative necessity of pro tecting now the citizenship of the ed States Deputy Marshal Fred Weage and J. B. Kelly, special agent for the Southern Pacific railway. Ac cording to the officers, 58 pairs of shoes, a larger part of the cigarettes and part of the raisins were recov ered. ALIEfllWilE future are apparent to every pros pective subscriber, and it is needful only to outline the nature of the cam paign and the character of the budg et to obtain the support of all who have been approached. Chief among the arguments which are making their appeal to the peo ple of Phoenix and the surrounding country is that which is based upon the plans of the organization to ex tend Itself so thoroughly throughout the country that every boy in this section of the state- may become, a member. The organization has va rious methods of taking care of the boy who may reside away from any council of Boy Scouts, and it is to the extension of these methods to cover all the central part of the state that the local council is devoting itself. The aims and purposes of the Boy Scouts are too well known to de mand repetition, and workers are fin ling that there is a keen sympathy with them among the people of Phoenix. The advancement of young manhood, the conferring of right ideals of citizenship, the building up of character the making of right en vironment, the furthering of high ambitions these are the things in the Boy Soput movement which are enlisting the support o Phoenic ians and which are assuring the success of the present campaign. As one of the director's said yesterday "Every dollar helps. Give yours." THIEVES GAUGHT In less than five hours after two box cars enroute from the East to Phoenix were broken into Saturday noon in Maricopa, four men were un der arrest charged with the offense, according to a report from the Junc tion point Monday. , The arrests were made by Deputy Sheriff M. P. Holden of Maricopa, who said three of the men when arrested were wear ing new shoes taken from- the cars and consigned to Phoenix merchants. The men gave .the names of George J. Glow, Edward Murphy, Frank Mo- Quire and Deacon Brown, and were arrested by Deputy Holden about dark Saturday night as they were prepar ing to catch the blind baggage on train No. 2, bound for. Los Angeles. Two of the men, Deputy Holden said. were caught after a long chase through the yards. The four pris oners were taken to Casa Grande Sat urday night and removed to Tucson yesterday, where charges of breaking into and stealing from an interstate shipment were filed against them by federal authorities. About 60 pairs of shoes, a large quantity of cigarettes and a case of package raisins were stolen from the two cars. Deputy Holden said, and most of the articles were recovered. The four men yesterday were held to answer to the federal court by United States Commissioner J. F. Brown in Casa Grande following a preliminary hearing on a charge of breaking into an interstate ship ment. They were committed to Jail in default of bonds of (1000 each and last night were brought to Phoenix and placed in the county jail by Unit- STAND FDR GARONER PLANS PROGRAM EDUCATION WEEK DEC. 4-1(1 IX "ha.i Dr Thomas J. Cummins, former superintendent of the state hospital for the insane, will be one of the chief witnesses for the de fense when the Roy Gardner case comes up for trial in the federal court became known yesterday. Dr. 'Cummins, recognized as one of the leading alienists in the state. arrivled in this city early yesterday morning from Jerome, where he is attached to the United Verde hospi tal! He came to Phoenix at the re quest of Mrs. Gardner and Judge Davis, who represents the mail bandit. For two hours Dr. Cummins con ducted the "neuro-psychritic exam ination." nd the result of his find ings will not be given out until De cember 5. the trial day, he said. The physcial findings were made in the local laboratories. When It becarrfe known that the Gardner defense would be insanity rumors were rife as to the witnesses to.be called by counsel for the de fense. state elects officers Succeeding LeRoy Kennedy of Mi ami, who has been president of the organization for two years, H. S. McClusey member of the Miami Miners union hav been elected presi dent of the Arizona State federation of Labor. This announcement was made Monday, night, following a can vass of the votes in the annual elec tion, which has been in progress sinde the middle of October. The other of ficers or the federation are Thomas A. French re-elected . secretary: Clyde L. Timberlake, Typographical union. Phoenix, first vice president; John M. Grub! machinist, Winslow, second vice president; Fred Collins, miner, Miami, third vice president; Thomas Davenport, engineer, Tucson, fourth vice pres dent; and W. S. Cace. carpenter, Prescott, fifth vice president. The law ana legislation committee will consist of H. S. McCluskey. chairman;. L R. Doane, Globe; J. Tom Lewis, Miami; B. P. Carpenter, Tucson, and Yr S. Case. Prescott. L. B. Doane will be the delegate to the conventioi of the American Fed eration of Labor next year. The financial committee includes Paul E. Hartman, Phoenix; P. S. Snell, Phoenix: and David Mclner ney. Phoenix. Thenewly elected of ficers will assume their positions at the first of the year. o New York City is to be extended six miles Into the sea, if present plans are carried out. By building mam moth sea walls from both sides of the Battery and filling in the inter vening space with nrth, six square miles would be tacked on the most valuable piece of real estate in the world. In addition 12 miles of need ed docks would be added to the port. and the tax on all real estate in that vicinity may be deduced one per cent. Taking the initiative In organizing and in making and carrying out the program for American Education Week, December 4-10. Elsie Toles, state superintendent of public in struction, yesterday took steps, to ward securing co-operation In the movement endorsed by the State Teachers association. Miss Toles wrote many personal letters to the presidents of the Rotary and Kiwanis clubs, to the different men and women's organizations in the city, urging them to devote their program of the week to educational problems. She asked the churches to observe Sunday as American Educa tion Sunday, with special sermons and addresses. The main purposes of the week as outlined by Miss Toles are to inform the public of the accomplishments and needs of the public schools and to secure co-operation and support of the public in meeting these needs and to teach and foster good Ameri canism. . Under the joint auspices of the National Education association and the American Legion the week will be observed throughout the country The plan is in every possible way to center the public's attention on edu cational problems; the need of better buildings: libraries and equipment; playgrounds; better attendance; bet ter paid teachers: longer school term: better vocational education: better understanding of the form and fundamental principles of the gov ernment and better and more uni versal use of the English language; Educators in planning the event declare thev had In mind - that no service has suffered more from unin telligent criticism than the schools. The average citizen does not read educational literature or accounts of teachers' meetings or visit schools to learn what they are doing. He has a conception of school only as he knew it in his own school days. American Education Week should give the taxpayers who furnish the funds for the public schools first hand knowledge of the service for which they pay. Education cannot afford to neglect this opportunity to advertise Its aims and purposes. It is the duty of all the friends of education to think seriously and work hard on the problem of keeping the idea of public education before all the people, they say. LAW DOES NOT BAR ROAD ID S While the new federal aid law re quires that state money for federal aid construction shall be actually available by the state, it does not, however, preclude the issue of county bonds, providing the funds from the sale are in possession of the state, according to Thomas Maddock. state engineer. On several aid projects in Arizona the counties have passed resolutions providing the expenditure of a por tion of their bond Issues. They have ttien proceeded with other construe tion and, in several cases, have been unable to meet their obligations to the state. On this account the fed eral aid bill was amended to provide that this money be actually under the control of the state before proj ects are commenced. Arizona, has had great difficulty In carrying on construction, some times not only having to advance federal funds until they were re ceived by the state treasurer, but in several cases also to advance the county funds which the counties did not like to draw out of -their local banks. MAKES TRIP WITH James A. Parker, engineer lri,. charge of construction in Graham and Gila counties for the state high. way department, was In Phoenix yes- . terday for a conference with Thomas Maddock, state engineer. Mr. Parker, who has Just' com pleted an extension over the Gila, river bridge, spent the last few days in accompanying Dr. Johnson, presi- ; dent of the Lee Highway association. and M. O. Eldridge, field director the American Automobile associatlo acrsos trie state irom fTariKnn to Yuma. The trip was made by the way of Duncan, Safford. Globe, Roosevelt, Mesa, Phoenix. Buckeye, Gila Bend and Wei ton. Dr. Johnson -held meetings at the various places . and eventually will organize ciuds to -boost for the Lee highway, the cen tral cross country route which will " include the sections of Arizona tra- versed by the Johnson party. The -highway from New York to San ' Francisco touches Washington. D. C, Memphis, through Tennessee to Ar- . kansas, Oklahoma, the Panhandle of Texas, New Mexico. Arizona, San Francisco. The major portion of the t highway is paved at present as far as the Mississippi. o A letter due 41 years ago recently arrived at Otisco, Indiana. The lettet , contained papers regarding the set-. i m ..t c, Mlat vhifh A Trend- - ing. The sender died years ago. '. "Say It With DIAMONDS" MACK GARDNER 45 North Central King of Dianfbnds Having Battery Trouble? LOOK FOR THIS SIGN ' 0 I BATTERY . t' I or , PHONE 1370 Exide Battery Station 35 North Third Avenue P t H 1 n o a, w So a THE STORE OF THE XM AS SPIRIT This morning, Nov. 30, at 9 o'clock sharp marks the opening of our Annual Pre-Holiday Sale of men's, women's, boys' and misses' shoes, pumps and oxfords. Our entire stock of women's and misses high-grade stylish shoes will be placed on sale at radical reduc tions during the Winter season when such footwear is most needed. Our sale is an "event" to which the public always look forward for they are characterized by rare bargains and real values, and when dollars double their purchasing power. We cannot in any way in such limited space give the details of all the rare values which we offer, but we kindly invite your inspection of the following: 'X MEN'S AND BOYS' SHOES EXTRA SPECIAL WOMEN'S HIGH SHOES ( One lot of little Gent's and boys' Eoy Scout high shoes In black and pearl Elk, very desirable and sturdy. Sale price $1.45 Black ; kid button boots, Louie heels, welt soles, medium vamps; odd pairs from our most select stock.) Sizes up to 5. Sale price S2.45 Grey and white kid lace boots, military and Louie heels wett soles plain and imitation tip shoes suitable for dress and street wear. Sizes up to 5. Sale price $2.45 Men"s ' cocoa brown Bal and Blucher high shoes, welt soles, broad flange heel very stylish and servicable. Sale price . . . . $5.45 .Boys' Dark Tan Chrome Elk Army Shoes. Munson last, welt sole, full gusset tongue, very durable and serviceable. Sale price - One lot of men's hicrh shops in T?al and Blucher styles, cocoa Brown and gun metal stocks, small and large sizes. Sale price WOMEN'S PUMPS $3.45 $4.45 Men's Dark Erown Outing Eals, large sizes only, while JQ A J? they last .O.flO Men's cocoa brown and gun metal Bal, grey and fawn buck tops, stylish English lasts, good fitters. Sale price American Boys' dress shoes in cocoa brown and gun metal calf in English and medium toes, very dressy and practical. Sale price Women's black and "brown ooe pumps; grey ooze one-strap pumps, soles, full dress heels, high waist throat, wonderful fitters. Sale price calf turn and $8.45 $3.45 Women's black satin, two-strap pumps, Junior Louis heels, very popular for even ing and dress, price Sale $9.95 $5.95 One lot of little gent's gun metal high shoes In Blucher and button styles, welt soles. Also odds in boys" shoes. Sale price $1.95 Boys' black and pearl Elk Boy Scout shoes In toe lace and Bal, real foot wear for school and out. door wear. Sale price. ::. S1.95 Men's Havana brown kid bal and black kid Blucher high shoes; welt soles, medium and broad toes; very high class footwear. Sale price Women's white beaded satin pumps, very suitable for evening and dress A occasions. Sale price........ i. rxtf Women's white, black, brown, bronze and patent kid pumps, turn soles, full breast ed Louie heels, high throats, medium vamps, wonderful fitters and real values. Sale price $6.95 $7.95 Grown girls' brown and black kid lace oxfords, low, flat heels, welt soles, very dressey and an excellent value. Sale price $5.95 AND OXFORDS Women's brown, black and patent kid, plain opera pumps Turn soles, baby Louie heels, a real purchase. ' C A A Sale price PaTt3 Women's black kid pumps, welt and turn soles, I.ouie and baby Louie heels, whole they last. Sale PQ QK price Women's brown calf, and black and brown dress oxfords, full Louie heels, welt and turn soles, real buys. (J A A fT Sale price JJTttJ Women's brown calf and 4cid walking ox fords, welt soles, military heels, suitable for street and office wear. A K Sale price VW.'itJ Growing girls' cocoa brown calf brogue oxfords, low block heel, a very handsome pertdrated pattern. QE Qf Sale price :.. V.? Women's brown satjn. one strap, turn sole, dress heels: a very popular seller and a bargain. Sale Q( QPT price OvJ.f O Women's cocoa brown and Russia calf lace walking boots, welt soles, mili tary heels; very serviceable and dura- S r.e. 55.45 Women's Havana brown and black kid lace walking boots, Cuban keel, welt soles, suitable for street and of-' fice wear.. Sale price .. Women's comfort lace soles, plain and cap toe, wide toe; medium and heels; rare bargains. Sale price .$6.45 shoes, turn narrow and low rubber $4.95 Growing girls' cocoa brown calf lace school shoes, welt soles, low block heel, imitation tip, very desirable. Qf? A fT Sale price pOtl Growing girls gun metal calf lace school shoes, English last, welt soles, low block heels, sturdy and very serv- rri:..s:,.e. $5,45 Growing girls' grey buck and gun metal vamps and grey buck top lace shoes, welt soles, imitation tip, low block heels, very dressy and stylish. Sale price... Growing girls patent vamp and white and black kid top lace shoes, English last, welt soles, low block heel, very $4.45 stylish, price . . Sale $3.45 Women's high grade stylish lace toots, turn and welt soles, full Louie, full breasted dress heels, in black. Havana brown, bronze, and field mouse grey kid, shoes that are superior in style, workmanship and quality. A (T Salepric i AD Women's custom made modish, lace boots in welt and turn soles, full dress heels, in white, pearl, fawn, and dark grey kid. also two numbers in gun metaf Button Boots, welt soles and full dress heels, pearl and field mouse grey tops, rare bargains. Q A Sale price Jr'tJ connected with legislation. 1 am NELSON SHOE COMPANY, Inc. No Refunds No Charges No Exchanges 44 WEST WASHINGTON STREET PHONE 5076