The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-04-30

Dr. Woods, through Chandler, planted
a new bank wherever an opportunity
offered in a community where the panks
already esta blished were not dong
business with the Bank Of Commerce
This was eating in on the Kansas bust
ness OF the other Kansas CITY panhs.
Jobes and Naftzger therefore had mite
trouble in existing aid from these 0eneI
banks in starting a fight on Chandlef,
and it was decided to start right IN ms
home town, Medicine Lodge, where ne
runs the Citizens State bank, for many
wears the only bank in the town Asso-
ciated with Jobes and Naftzger IN the
new Barber County State bank, Whlca
was chartered q few days ago, are l..
F. Swinney of the First National OF
Kansas CITY F. P Neal Of the Union
National. and George B. Harrison, jr-.
of the New England National, all OF
Kansas City.
Now comes the Harper county banks
and ioin in the fight. Zacharias ana
Seneman run the Harper State bank at
Harper, and Walton and Smith run the
Anthony bank, while Fred Washburn OF
Anthony is attorney for both these
banks. 1t is said that they also are
backed by some of the Kansas city
banks. but this is not certain.
In addition to this it is said that an
other interest, independent OF Kansas
City, is organizing in Kansas, Whicn
viii aid in the war on Chandler and
the interests of the Kansas City Ma
tional Bank of Commerce.
DR.. W. y. W OOuS. president OIL the Nd
tfonaI Bank of Commerce, has been sew
eral years in getting his string of banks
started. He has d number Of nepheNs.
and for time he contented himself
with organizing bank occasionally
and putting a nephew in charge OF It.
Two years ago, however. when the
banking business began to be an eSpe-
ciaHy paying investment, Mr.. Chandler,
who is the principal conidant of DR..
Woods in running the Kansas business,
began organizing banks wherever an
opportunity offered. Among the banks
in which they are now interested, and
in most of which both DR.. Woods and
Chandler appear as directors, are the
following, as given in recent number
of The Financier, a New York financial
organ:
The Kansas National bank, of Wich-
The Citizens State bank of Medicine
The Wellington National bank of
The Stock Growers National bank. of
The National Bank of Commerce of
The Meade State bank of Meade.
The State Bank of Hazelton. at
The Humboldt State bank. at Hum
boldt.
The First National bank of Clayton,
The state Bank Of Commerce. at
Dodge City.
The south Haven bank. at South
Haven
The Bank of Greeley, at Greeley.
The First State bank of Garnett, at
The Hunnewen State bank, at Hun
newell.
The First National bank at Norton
vile.
The Colony State bank. at Colony.
In addition to this list are banks at
Argentine and Armourdale, and prob
ably others. The list above We're in
cluded in pamphlet for circulation
! among investors, in which it was stated
/ that they We're all run on the com
munity of interest plan. The National
Bank Of Commerce of Kansas City is
the head of them all.
Since the above list was compiled
charters have been secured by Chandler
| for the Stock Yards State bank at
Wichita and another state bank at
/ Norton. Other parties were preparing
to put in = new bank at Merton, but
/ Chandler beat them to it. This is the
beginning of his operations in that part
OF the state, as practically all of his
other banks are in the southern part OF
/ the state
Nine of the list given above are in
the seventh congressional district. prin-
elpally in the cattle country subsidiary
/ to Wichita. and it is quite likely that
! the Stockyares State bank at Wichita
| was esta blished to corral the cattle bus
! mess, which is the big end of the bank
ing business of southwestern Kansas. 1t
can be easily seen how this would af-
/ feet the other Wichita banks, and also
/ the Kansas City banks. which finance
the big cattle deals of Kansas.
The National Bank of Commerce of
Kansas City, through its string of sub
! stdiary banks. is able to exert consid-
cradle influence on financial legislation
IN Kansas. When John ". Breidenthal
/ proposed bill for the protection of de-
/ positors in state banks in 1899, c. Q.
/ Chandler lined up against it. Members
! Of the legislature are frequently indebt-
/ ed to or interested in their local banks,
/ and the banks are able to influence the
! legislators. His string of banks in Kan
/ sas consequently gave Mr.. Chandler a
/ considerable leverage in opposing Breid-
/ enthafs bill, and this was one influence
/ Which defeated it.
There has been an unprecedented ac-
/ tivity in starting new banks in Kansas
4 during the past eight months. Every
week from two to seven new banks are