Governor Price Daniel Addresses 57th Texas Legislature (1962)

Duration: 14:11

Year Published: 1962

Format: 16mm

Sound: sound

Description: On January 3, 1962, Governor Price Daniel delivered the opening message at the start of the third special session of the 57th Texas Legislature. Governor Daniel introduces and solicits support for the consideration of four proposed bills. The bills include enactment of legislation to include banking institutions in the Escheat Enforcement Bill, regulation of small loans to combat the loan shark racket, adjustment of farm market road construction, and a supplemental appropriation bill to adequately finance the juvenile parole system and a more competitive tourist attraction program.Daniel then describes at length how the Escheat Enactment bill will prohibit banks from charging service fees on inactive and dormant accounts and then depositing these service charges into their profits.