GOVERNMENT CONTROL OF BANKS 451 



governments. Federal control of the national banks has been 

 so satisfactory and successful that there is some desire ex- 

 pressed for federal control of other banks and trust companies. 

 There has not been, however, so far as I know, any practical 

 suggestion made by which these institutions can be forced or 

 persuaded to submit to federal control, especially if it is to be 

 more severe than that now exercised by the states. Federal 

 control, therefore, does not seem to me to be a present practi- 

 cal question. 



