The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-04-18
POLITICAL GOSSIP
Congressman Calderhead Has
Grown Very Cautious.
Wanted to Edit What He Said
to Bankers.
IMPORTANT ADDRESS.
Told What He Thinks of Nation-
al Bank Currency.
Will Also Appear Before the
State Association.
IMPORTANT ADDRESS.

At the meeting of the members of
Group -Four of the State Bankers as
sociation at Clay Center this week. Con
gresham Calderhead made an address |
in which he incidentally advocated
branch banking as it is understood in
the east He also advocated a number
of other ideas on the currency and fin
ancial matters. which were not in ac-
cord with the views OF many kanssa
bankers.
Mr.. Calderhead holds an important
place on the banking and currency
committee in the national house of rep
resentatives, and as such his views on
such questions are of great interest To
every one interested in financial mat
ters. Consequently the State Journal
desired to publish the views which ne
presented at Clay Center.
But it seems that Mr.. Calderhead de-
sires to edit" his views before they are
published He is afraid he may have
made statements that he would not
wish to stand for before the public if
they We're put down in black and white.
His speech was taken down verbatim
by a stenographer. so there could be no
doubt as to what he said. as there was
in the case OF his famous BelOit speech
on the trust question last summer,
which got him into trouble.
A request from the state Journal for
a carbon copy of the Clay Center
speech. as reported by the official stem
ographer at the meeting, brings back
the reply that Mr.. Calderhead partieu-
larly requested that his speech be not
made public as made until he had gone
over it and prepared it as he wants the
public to have it.
.fv,f- ri ~,f hTy-
address was devoted to the issuance of
currency by the national banks. He
advocates allowing banks to issue cur
rency up to the amount Of their capital
stock without any security. incidental
lv he advocated the branch banking
system, which is obnoxious to the bank
ers outside of the big financial centers,
because, it Is alleged it would allow
York to control the banking system OF
the entire country.
Mr.. CaIderhead is on the programme
of the State Bankers association which
and his address at that time viii be
awaited with interest. 1t IS to be hoped
that by that time he viii have his views
in shape so that he viii be willing to
allow them to go before the public in
the newspap pers. Mr. Calderhead holds
a high position on the Kansas delega-
ton in congress, and since it has been
ascertained that Senator Burton desires
his defeat for denomination in order to
gain prestige for himself. it is to be
hoped that he may again be nomi-
mated, but the public would like to have
Mr.. Calderhead make his views on i'm
portant questions public. especially
when those views are likely to have
strong influence on national legislation,
as they must considering Mr.. Calder
heads position on the banking and cur
rency committee in congress-
In speaking of Congressman Calder
heads Clay Center speech today. Nor
ton Albaugh. state bank commissioner,
said:
1T was one of the most remarkable
speeches 7 ever heard. I do not agree
with Mr. CaIderhead in his views. and
7 doubt if there was a man who heard
him who did agree with him, but he
had the closest attention OF every man
present and it was really most plaus-
ible speech. Mr.. Calderhead has made
a close study of the subject for years,
and the arguments which he advanced
We're remarkable. His ideas are based
upon the Scotch plan of banking and
currency, where it is based upon the
honor of the banker That might do all
right in Scotland with the staid old
Scotch character, but I am afraid it
would not always work, although Mr.
CaIderhead's statements show that it
has been remarkably successful in
Scotland
The following originated with the
FredOnia Citizen and was reproduced
by Morton AIbaugh. chairman of the
Republican state central committee, IN
his paDer. the Kingman Leader Courier
when will State Treasurer Kelly,
whose solicitude for his good name was
so profound before last years election,
institute or seek to institute that much
threatened suit for criminal libel against
". D. Greason. editor of the Miami Re
publican2 viii Kelly continue to defer
action until his eminent prototype and
friend in the United States senate, Turf
Investment Burton. begins like proceed
ings against the Denver paper which ex-
posed his disreputable connection with
that sWindIing get-rich-quick concern in
St Louis"
Victoria. the Russian settlement in
Ellis county, which is trying to secure
a five minutes stop from President
colony A number of the first settlers
wore titles before their names. Now
there is scarcely anyone in the vicinity
except Russians. and the Russians are
becoming wealthy there.
The settlement was started in 1873 by
George Grant. sometimes known as
Sir George Grant on account of his
large holdings. He was a retired Eng
fish merchant of cOnsidera bic means
and he formulated a scheme to start a
colony for the sons of English gentle
men similar to the one afterwards
started at Runnymede in Harper coun-
ty Grant purchased several thousand
acres of land from the Union Pacific
Railroad company and laid out the
town, which he called Victoria in honor
of the queen. The town was laid out in
great style. There was Prince Albert.
Boulevard and St Petersburg Terrace.
and any number of .hifaIutin =" names
Then Sir" George sprung his scheme
on the English nobility. He proposed to
run a town out on the boundless Irai--
ries of the west where the moral atrnos-
phere should be as pure as the air of
the prairies. and where the sons of the
English gentry might be sent for a few
years to tone them down. There was to
be no liquor sold, or anything Of that