Comptroller of the Currency Murray, in addressing the conference at Washington of national bank examiners representing practically all of the territory east of Ohio, said: "I say to you emphatically that your work must be improved. Embezzlements have failed of discovery, defalcations and dishonesty have been concealed from you, and in many cases you have failed to estimate correctly or even approximately the value of the paper and the securities held by the bank. If getting fees from the bank is more important to you than getting information about the bank for me, then resign at once. If you are unable to discover the true condition of a bank, do not send excuses; simply send in your resignation and your commission for cancelation."

Admiral Sperry, commander of the Atlantic fleet, according to estimates made at the Navy Department, will have saved $75,000 in the coal consumption of the Atlantic fleet by the time it reaches the east coast of the United States from its voyage around the world. He has requested the Department to reduce by eight thousand tons his original estimate of the coal necessary for the fleet on the voyage from Manila to Hampton Roads. On the voyage from Hampton Roads to San Francisco a system of competition in the engine-room forces of the various battle-ships was instituted. This competition resulted in saving fifteen hundred tons on the trip, and was continued across the Pacific.

A bill to establish a National Children's Bureau was introduced in the United States Senate in the winter of 1905-6 at the request of the National Child Labor Committee. The bill did not come to a vote, although it received the hearty endorsement of President Roosevelt and Secretary Hitchcock of the Department of the Interior as well as of many, members of both Houses of Congress. More recent reports from various Government departments emphasize the need for a bureau devoted specifically to the interests of the child. Such a bureau should investigate and report upon all matters pertaining to the welfare of children and child life.

October 3, 1908

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