The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-08-15
FOR STATE CASH.
Bankers Bid Lively for Custody
of State Funds.
Three Topeka Banks Are Among
the Bidders.

At O'Clock this afternoon, the bids
were opened at the office of the state
treasurer for the use of the states
money during the coming two years
Bids have been coming in rapidly for
the past two days, and at o'clock
Wednesday afternoon, there were AT
bids in the hands of the treasurer,
which is two more than the total num-
Der of state repositories during the past
two years.
Two bids which were filed yester-
day were withdrawn this morning.
They were the bids of the First Ma
tional bank of Norton and the First
National of Goodland
A large number of new bids came
in, however, raising the total number
filed to rs. The following is a list of
the banks bidding:
First National, White City: Farm
Dorado; National bank, Harper;
Northrup National, lola; Farmers
National, Kingman; National Bank of
Commerce, Pittsburg; First National,
Glasco; Shawnee State, Topeka; Mid
land National, Newton; Citizens
bank, Axten: Citizens National. EN-
poria; Security State bank, Eskridge;
Citizens National, Anthony; Law
renee National, Lawrence; Farmers
State, Clay Center; Commercial Ma
tional Independence; First National,
Holton; First National, Hutchinson;
State Exchange, Hutchinson; Altoona
State, Altoona; Winfield National,
Winfield: First National, Burlingame;
Peoples National, Paola; First State,
Leoti: First National Parsons; Citi--
sas City; Dickinson County State, En-
terprise; Peoples National Burling
ton; Bank of Topeka. Topeka; First
National, Anthony; Morrill, and James
bank, Hiawatha; First National
Madison; First National, Smith Cen
ter; Farmer National, Burlington;
First National, Great Bend; State
Bank of Peck, Peck; First National,
Phillipsburg; Citizens State, Marys-
Vile; Manufacturers National, Leav-
pendence; Citizens State, Sabetha;
Bank of Horton, Horton; State bank,
Winfield; Exchange bank, Linn; To-
peka State bank, Topeka; First Ma
tional, Clifton; Farmers & Mechanics,
Osawatomie: Central Natl, Topeka;
Farmers Natl. Abilence; Exchange
National, Atchison; Merchants State,
Wichita; State bank. Ness City; Ma
tional Bank of America, Salina; Ell
Dorado National, Ell Dorado; Fourth
Wichita; Home National, Ar
kansas City; First National Kingman:
Kansas National, Wichita; First Ma
tioral, Ottawa.
The meeting of the board which
makes the awards is a secret one. The
board is composed of the governor, sec
retary of state and auditor, but Cover
nor Hoch is absent.
1t is thought that the money this year
will all be let at better bids than per
cent The plan will be to award the
money to the highest bidders for the full
amount of their bids. and give the left
over money to the low bidders
In 1905 the bids on the state money,
daily balances varied from to 3h per
cent per annum. Two per cent is the
minimum provided by law.
T,here are bids in from four TOpeka |
banks this year. These banks each bid |
FOR a large slice of the money. Two |
years ago, owing to the Devlin affair, |
and the failure of the First National |
oank, there were bids in only from the
Bank of Topeka, which was awarded !
;SO. 900 of state funds. The banks bid |
National, Topeka State and Citizens |
State.
The law requires that each bank shall !
leposit with the state treasurer gov
srnment bonds, or bonds issued by the |
,tate of Kansas or some Kansas coun- |
v. township or municipality A few
laws ago Treasurer Mark Tulley receiv-
ne If he could deposit New York city |
ponds as a security.
1--WE have a lot of New York city /
,onds on hand said this banker, 'sand |
hey are gilt edged property, being rec
,enized as almost the same as govern
nent bonds We would like to deposit |
hese bonds with the state If possible"
State Treasurer Tulley was obliged tod
nforrn the banker that New York city
,onds can not be accepted 1t is rather I
interesting to note, however, that the
Kansas bankers are now loanfng money
@ New York city.