The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-12-30
Both Issue Statements Defend
ing Proposed New Bank Law.
BANKERS FAVOR ONE.
Prominent Financial Men Who
Want Guaranty Law.
Thought to Be Preliminary to
Special Session Call.


a preconcerted movement, each Issued
on Saturday afternoon a statement de-
Tending the proposed guaranty deposit
law, and taking a crack at Senator
Long for his statement that he believed,
the conservative bankers Of the state
TO be opposed to such a law.
Some read in the action Of Governor
Hoch and Mr.. Royce the preliminary
step for special session of the legis-
lature. They think that Governor Hoch
is now busy justifying himself with tho
people of the state for his contemplated
action, and that the next move will be
to issue the call.
Mr.. Royce in his statement throws
out the hint that it is very doubtful
whether the legislature, II convened in
special session, would enact the deposi-
tory law This seems to be the point on
which Governor Hoch is seeking more
light.
1t is noticeable, too. that Governor
Hoch in his long statement does not
intimate that the bankers who favor
the guaranty law are also in favor OF
special session. The governor is care
full to differentiate between these pro-
positions, and the inference would be
that while he finds the bankers to be
favorable to the proposed law, he does
not find that they demand a special
session of the legislature to secure its
enactment.
GOVcF1lOr QuOteS f3dnkerS.
Governor Hoch's statement follows:
I notice in two of the city papers that
Senator Long is quoted as saying that
all the conservative bankers are op-
posed to a guarantee deposit law. Many
of them doubtless are, but there has
been wonderful change in sentiment
among bankers in regard to this mat
ter, growing out of the experiences of
the past few months. and from infor-
nation in my possession 1 believe IT il
0XtFaVaRAnf that thTen-
fourths of the state bankers of the
state are now in favor of this PROPOSE
ton and many of the national banks
are also In favor of II. 1t would hardly
be fair to class those bankers who we're
In favor of it a year ago, and there
were many of them, as men who are
not conservative. For instance. L rath-
cr think Senator Fred H. Quincy, presi-
dent of the Planters state bank ut Sa-
lima and the author of the bill. is an
exceeding conservative man. Mr.. G. L.
Brokaw cashier of the Commercial
bank at Kansas City and ex-president
of the Bankers' State Association. who
made a most able and elaborate argu-
ment in favor OF this proposition more
than a year ago. which Is in print. IS
also very conservative, think: Mr. e
L. Myers. president of the First Ma
tional Bank of Hutchinson, is pretty
conservative man; Hon. =. w. Goebel,
president of the Commercial Nauonai
Bank at Kansas City and president OF
several other banks.is quite a conserva-
tive gentle man; Mr.. Calvin Hood OF the
Citizens National Bank at Emporia.
one of the Oldest and ablest bankers in
the state, is now in favor of this propo-
sition and is entitled. / think, to be
classed among conservatives; Mr.. h
Dunlap, president of the Emporia Ma
tional Bank writes q letter in favor OF
the proposition. He Is an able banker
and very conservative.
Bale Waggener for 1t.
Congressman Reeder of this state.
who is president of two national banks
and president of one state bank, has
generally been regarded as quite con-
servative and he recently introduced
bill of this kind in congress. II the
senator will call at this office VIII
show him a great pile OF letters from
prominent bankers of this state favor
ing this proposition. all of whom
think are conservative. For instance,
among the many let me mention only q
few more-President F. M. Johnson OF
the BellevilIe State bank: Fremont Mil
Ter. cashier Emporia State bank; ]. A.
Flack, cashier Abilene State bank; n.
d. Sanders. cashier and A. H. Denton,
vice president of the Citizens state
hank of Arkansas City; Senator Ben
son. cashier of the Citizens State bank
of FL Dorado; A. F. Jones, president Of
the Citizens State bank of Pratt; ].
B. Mackay, president of the Citizens
bank of Hutchinson: ]. r. Copple. CASH
ier of the First National bank of Leroy:
J. y. Mcdonald. cashier Scammon
State bank; A. o. Kendall, cahier o.
ayvlkie state bank; w. s. Hadley, CASH
Ter Citizens State bank of Wichita; W.
s. Lower, cashier Republic State bank:
J. d. Waters, cashier Republic state
bank of Bonner Springs; J. w. Huilin-
ger cashier Home State bank. Kansas
CITY. Kan: Senator b. p. Waggener.
president of the Exchange National
bank OF Atchison. who has prepared one
of the ablest bills on this subject that
has ever been written and who has the
promise of the present chairman OF
the bankers committee of congress
that he favors his bill if it will be i'm
possible to secure the passage of his
own; Chas. N. Fowler. chairman of
the bankers committee of the national
house of representatives, who in a pub
lie address in Chicago recently. advo-
Gated this plan. 1 could add the names
of hundreds of conservative Kansas
bankers to this list.
That Wichita Meeting.
The great business mems meeting
held in wichita yesterday. composed of
the wholesale dealers and others who
proposition. are also conservatives. The
mayor of Hutchinson. who says that
nearly everybody in town is in favor of
it is entitled to be so classed, too,
think 1 also have in my possession
many other letters from prominent men
in all branches OF business in the state
favoring this plan. And then IL the
senator will put his ear to the grass
roots think that he will find that the
conservative farmers and common peo-
pie of the state are almost UNIVERSAL
ly in favor of this proposition. All
these people may be mistaken about the
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