The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-12-25
1ailu(s.HzsA Eagle
BreidenthaI's Topeka Bank Scheme.
vi. vi. MURDOCK. Editor.

W. W.
BreidenthaI's Topeka Bank Scheme.
Topeka as Kansas City, has for years
been devoted TO control of the rail
vavs of the state through the maintained
on Santa Fe anagernen other the control of the
legislature SO far getting appropriations for the erection
and completion of the state house gobbng of more
than her share institutions and patronage and
50 far as aiding Kansas City Missouri rearding the de-
vopment of any interior Kansas To-
pe has been reasonably successful The millions Of dol
lars annually collected people of the state in the
way of taxes have first and because Topeka manpuat-
cd law gone to the banks Topeka they have
manned until the state time TO time was
forced to withdraw them. These in out
have taken the Observation-Disclosures 1t makes no differ
ence to Topeka whether administration is Demo-
crat Pop Republican variety of fish is mea that
comes to Topekas frying pan. What they can't cook up in
the Hobbies Copeland the halls of the capitol is
manipulated by her strikers banks offices and
in alleys.
Pop Breidenthal holds his Office by legal trick,
the claims greatness have out in such steady
slucngs from Topeka years make him famous,
al least in way another of Topekas affiliations.
Many people consider him bank-crank But there is a
method in mis- madness strong he become with his
Topeka backing threaten his party
administration with to take
care of his CTopea) banking scheme which is in effect
plan to millions Of dollars of the state in
The Topeka He has drawn a bill TO that end,
III in guise law bank deposors through
by forcing private bank to become state
bank all banks deposit five of their de-
posts with the with the banks at To-
peka reserve fund make good the deposors of burst
banks Topeka people that Bredenthal is the smart
es, Pop the of Kansas He must be. However,
bankers nancers Topeka declare his scheme
altogether burthrsome The security
10 deposors only seeming, depending the banks
ability command the backing Of foreign security COM
panies upon hand and their ability borrow from
the state treasurer upon which fails to
obtain security borrowing the monies
will be left suspicion able
70 pay such insurance may the money
transit farther the direction Of the state
treasury than the Topeka banks Besides Kansas
willing pay state three for the use
money addition paying the security companies for
insurance not only up dangerous
TredenthaIs scheme claims The treasury
$4,000 year. pay depositors of defaung
banks State show the annually
on an average Kansas by depostors
is claimed that this Breidentha
law viii strengthen banks expense strong
banks a is the Again now
any pay the three per cent
besides indemnity security insurance companies when
money plenty is when the New York banks
only allowing IL per daily balances
would with the the get
tins a high which bursts banks but the
paying nigh of interest oftener.
Breidenthars law, whether viewed a scheme lock
up money Of the people dleness within
vaults. favored Topeka banks the
additional without interest guise coIec-
transit like many the other Pop reforms dan
gerous not only. but revoluinary.