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1904.] OF THE SENATE. 83
The policy of Maryland in the early portion of the
last century, and prior to the present Constitution, was
one of encouragement of internal improveme/nt. The
people of Maryland aie now demanding that the State
return, to some exten't, to the former policy of improv-
ing the highways... Good roads are demanded, and
ways and means must be provided by the State for
that purpose.
SUPERVISION OF FINANCIAL INSTITUTIONS.
The financial institutions in Maryland which have
been organized under the laws of the State, and those
of other States which have been authorized to do busi-
ness in this State, such as savings institutions, trust
companies, building associations, State banks and
corporations authorized to receive deposits, should be
under the supervision of a special State official, clothed
with ample powers, such as are conferred upon super-
intendents of similar institutions in other States.
The importance of such control and supervision can
be fully realized when it is known that the savings
banks of Baltimore city alone hold the deposits of at
least 191,000 persons, amounting to about $70,000,000,
not to mention the thousands who are depositors with
trust companies, building associations. State banks
and other corporations. The greater number of these
depositors are working men and women, whose scanty
savings are placed for safekeeping in these institu-
tions. The State owes a duty to these depositors, and
should devise additional means for guarding their
money. Legislation should be maturely considered
creating such an office and vesting in the Governor
power to require that the incumbent faithfully per-
forms his duties.
His excellency, Governor Smith, has in his message,
transmitted to the General Assembly, set out in a clear
and comprehensive manner the present condition of
the affairs of the State, I congratulate him and the
people upon the splendid showing he makes as the
result of the wise, able and economical conduct of the
public business during his administration, and I
heartily commend to you, Senators and Members of
the House of Delegates, the measures he recommends,
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