Public Papers and Letters of Oliver Max Gardner: Governor of North Carolina, 1929-1933

By Edwin Gill; David Leroy Corbitt | Go to book overview

THE PROPOSED SEAWELL BILL TO CREATE A COMMISSIONER OF BANKS

RADIO ADDRESS DELIVERED FROM STATION WPTF RALEIGH, N. C.

MARCH 16, 1931

To the Citizens of North Carolina:

I am for the Seawell banking bill and I call on all people in North Carolina who now believe or feel convinced that I am right in this matter to make known their views to their senators in the General Assembly. The interests and the persons who are opposed to the bill have already by telegram, telephone, and personal appeal let their views be known.

What is the Seawell bill? What does it provide for? What is its purpose? The Seawell banking bill provides that the governor shall, subject to the confirmation of the Senate, appoint a commissioner of banks who shall assume the duties, powers, and functions of supervision of state banks now performed by the Corporation Commission and the chief bank examiner who is at present appointed by the Corporation Commission.

It provides that the governor shall also appoint an Advisory Commission consisting of the attorney general, the state treasurer, and three able laymen who shall serve without pay, for the purpose of advising with and setting up policies for the commissioner of banks.

The Seawell bill provides that the commissioner of banks shall have the powers and rights necessary to the proper discharge of his duties in the examination and supervision of state banks. It empowers him to prosecute any actions for the enforcement of any rights or duties in connection with the supervision of state banks.

It provides that the salary of the commissioner shall

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