The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-05-05
HAS NO MESSAGE
But Comptroller Dawes on His
Own Account
Tells Why Republicans Should
Be Retained in Power.
A CRITICAL CAMPAIGN.
He Says Continued Prosperity
Depends on the Result.
Increase of National Bank Cur
q rency Under New Law.

Chicago, May 5.-Charles c.. Dawes,
comptroller of the currency, and Mrs.
Dawes arrived in the city last night
They expect to remain ten days, and
Mr.. Dawes will attend the Republican
state convention and a week from to-
morrow will deliver an address at
Quinn chapel. He declared he was the
bearer of no message from the admins
tration regarding state politics, and
that ne had no other interest in the
state convention than that of a Repub-
lican deeply interested in the success
of the party at the coming elections.
THE present outlook for the Repub-
lican party is good" he said. 1.-The con-
ventions recently held in Ohio, Massa-
chusetts, Nebraska and Indiana demon
strated that the party is united in it's
support of the administrations policy.
This is a critical campaign, both for
our party and the nation. The difficult
ties between the two parties are fun
damental, and not superficial. On the
result depends not alone the continu-
ance OF domestic prosperity but the
future welfare of millions of Semi-civil-
lied peoples.
"On the result largely depends also
the question of our share of the enor-
nous trade of the empire of China
the bulk of which although naturally
belonging to US now goes to other oun
tries. If fair share of his trade
is to be secured for the labor and cap
ital of the United States the policy of
the present administration relating to
the Philippines must be maintained at
b polls in November.
THE discussion of all these questions
Of Il duties as trustees of the best in
tereStS of the peoples of our islands,
and of our moral responsibilities and
commercial possibilities as a nation will
end to deeply ngage h sober thought
of the American people and it is to the
sober thought and judgment of the peo-
pie that our party appeals for vindica-
ton Of h it has done and for con
idence in what it hopes to do hereafter.
THE campaign probably will see its
greatest activity as in 1896 at the Chi
cagO, HEADQUARTERS. The seat of pOliti-
cal power is following the center Of
population to the west, and I think that
the precedent established in 1896 of hav-
ing the executive departments of party
management in Chicago will always be
followed hereafter by both the great
political organizations
In my Office in Washington the
financial law has kept us busy. Up to
the 18th of April. 619 applications for
authority to organize banks under the
national system with a capital of $25,-
600 had been received. OF these 312
were applications to convert from state
into national banks, and 307 were pri-
mary ORGANIZATIONS 1neSe applIcaClOnS
come mainly from the middle, western
and southwestern states Iowa heads
the list with So. Pennsylvania is Sec
ond with 81. From Illinois there are Is
applications.
The increase in national bank cur
rency issued since the passage of the
law up to April 80 amounts to nearly
$50, COO, 900. The eventual total increase
in bank circulation due to the new Law
may in the course of the next two
years reach $125, 900. 600. but it probably
will not exceed that sum.
I'm the matter of application fol
charters, we are making every effort tC
investigate carefully the responsibility
of applicants in order to prevent the
custodiarship of the banks of the com
munity from passing into unworthy
hands"