The advocate., 1896-12-09
APOLOGY TO KANSAS.
New York "FlnsneioR COmmendg BFelden-
thapg Report on Banks.

thal's Report on Banks.
The New York FiNGNcier, which ha
said q good many unpleasant thing
about Kansas lately, is now frank enougl
to admit that the impressions" abou
the Sunhower State in the East are q
least erroneous" and will in futur
issues endesvor to correct them, 4
short time ago the FirlGncter wrote t,
Bank Commissioner Breidenthsl for
copy OF his last report Mr.. Breidentha
complied with the request, and in let
ter called attention TO the attacks Of thu
Eastern press upon the State, and to th'
fact that the recommendations in the re
port had been made by Populist Com
missioner and indorsed by a POpulist
Senate, but cast aside by Republican
House. In these recommendations Mr.
Breidenthal urged the Legislature tC
make banking law which would protect
depOsitors against bank failures. The
reply from the editor Of the FinCNcieg
follows:
New YORK, November "a, 1896.
John W. Breide1th0L, ESQ, Bank Com
missioner State Of KGDSGy, Topeka,
Kos
DEAR Mr.. BREIDENTHAL - We beg
leave TO acknowledge LhN receipt Of your
last report, together with your very Cour-
teous letter Of the 10Th inst, in which
you outline the probability Of the pas.
sage Of new banking law by the incom-
ing legislature While we do not plead
guilty Of the charge you make Of mis-
statements with reference to the future
Of Kansas from an investors standpoint,
we must say that we have published one
or two articles on the subject, assuming,
however, only general ground, and
talking only Of what had occurred in the
past, rather than what might be ex-
peCted OF the future. We sent you by
this mail copy OF our latest issue, In
which you will find an editorial on "KRn.
saS and the East"
We have carefully read your recon-
mendatioDs contained in your last report,
and compliment you on their general
tone, as we'll as the tone Of your letter 70
us. In our issue OF November 80 we will
take the liberty Of quoting q portion Of
your letter, together with summary Of
your recommendation, and It will give
us great pleasure to publicly compliment
you on both. WeRre not nRrrOw-minded
enough to believe that Kansas has no
future, neither do We believe thersis sny
attempt to endRnger her credit.
Probably just at the present time, when
the election is fresh in the minds OF the
people, some harsh things may be said
that will be regretted hereafter, but il |
Kansas will adopt the policy which you
seem to favor, and which is In line with |
the action taken by the old States OF the |
union, the present agitation will prob
ably 90 very short lived, and the Situs-
tlon will be cleared up TO the benefit Of |
all concerned.
The recent crash in New Hampshire.
Oy which nearly 81, 100000 Of the savings
u the poor people were swept away in
The very manner you condemn, is a
strong argument in favor Of the reforms
outlined by you in your report. We cor
iainly hope that you will be successful
n accomplishing these reforms, and we
believe that their adoption will do moro
n removing the erroneous impressions
low existing than anything else that
'ould occur. Thanking you again for
our courtesy, we remain,
Yours respectfully,
THE FNANCIER COMPANY.