The Topeka state journal., 1908-01-17
Republicans and Democrats To-
gether on Economic Issues.
This Is IlluStrat ted i'm Governor
Haskell's Speech.
VISITOR MADE A HIT.
His Expressions Enthusiastical.
ly Applauded by Legislators.
House Begins Its Work With a
Rush.

That there isn't much difference be-
tween the Democrats and Republicans
on the big political and economic is
sues was illustrated Thursday after
noon when Governor Hoch of Kansas,
kell of Oklahoma, Democrat. both ap-
peared before the Kansas legislature in
joint session and pleaded for the enact
ment Of the primary election law and
the guarantee bank deposit law.
Governor HaskelPs speech was a
notable effort. He has a powerful.
resonant voice, and much oratorical
ability. and was frequently interrupted
by applause. Especially was this true
when in speaking about the guarantee
deposit law he said:
They urge you to let Oklahoma try
this law for year or two and see how
it works. I would be glad if you would
adopt that suggestion. Let us try it a
couple of years first. We are a new
state-we need the money-and we'd
get it."
Governor Haskell made his address
in representative hall which was crowd
ed with people, mostly members of the
legislature. A few minutes before Gov
ernor Haskell arrived, the state senate
adjourned and the senators came over
to the house in a body and were given
seats at the front of the house.
The senators arrived during the read
ing Of the governors message, and
therefore heard part of that message
twice
What are you people doing over
here?" asked one of the house members
of a senator as the procession filed in
s'We've come over to surrender on the
primary election bill," replied Senator
Joe Dolley.
NO we've come over because we
wanted to hear Hoch's message read
again." said Senator Hodges, a Demo-
crat.
Governor HaskeIl's Speech
Governor Hoch, Governor Haskell and
Lieutenant Governor Fitzgerald arrived
very shortly and were given seats on
the speakers rostrum. Speaker Sim
mons introduced Governor Haskell
Governor Haskell said in part:
Some Of US differ in our ideas Of
the science Of government. Honest
men differ. That difference leads to the
formation of political parties. But in
the end we harmoniZe on good govern
ment.'
Governor Haskell then spoke of the
in the selection Of candidates. 'If it is
proper he said, for people to meet
and vote for party nominees, 1t is
equally proper for them to meet and
select those nominees. There is but
one way to let the will of the people be
spoken, and that is by a primary. I
sincerely hope that every state will fol-
low the advice Of the governor Of your
state and say that every public Off
Ger shall be nominated by primary"
Speaking of the law to guarantee
bank deposits, Governor Haskell said
in part:
1.-THE question which has received un-
usual consideration this fall is the bank
deposit guarantee question For my
part 1 reserve the right to keep on In
vestigating this question, but SO far,
I believe that the guaranty deposit law
is the safest, quickest and best way to
secure economic safety. I shall, how
ever. read every speech that I am able
to get hold Of that is made during this
session Of the Kansas legislature, and
if you have anything which strikes me
as better than our plan, l shall urge
our people to adopt 1t.
"I see there are some who say that
we don't need such a law They
say that the panic has passed away
and that the banks are satisfied to
leave things as they were before. May
be so, but how about the man who ha d
his money tied up. and for 80 days
was unable to get enough out of the
bank to pay his board? Our banks
are carrying 80 per cent in excess of
the reserve required by law now. They
have lost the earnings on that money
for 90 days. The banks have lost
enough in carrying that excess money
during the past 80 days to qualify
if the question of cost is urged against
this guaranty deposit law it falls to
the ground.
"I see that it is claimed that the
law protects dishonest bankers. But
say, you honest bankers. who was it
- irn1 70 r,oy 1ot1b h un1
usual cash reserve recently? You did
it because the dishonest banker was
a menace to you. When the dishonest
bank breaks, it starts a run on your
bank. You are assessed right there
to pay for the dishonest bank.
ST say to you that this law will
positively eliminate many dishonest
bankers from the business. You hon.
est bankers fail to report to the state
bank commissioner when your neigh
Dor is in a shaky condition, because
you feel that it is none of your busi-
ness Under this guaranty deposit
law, every banker is interested in
seeing that every other banker does
business on a safe and conservative
basis. because if he does not, it means
that money may be taken out of his
own till to pay for the mistakes of
the other.
Under such a law, your banking
department is sure to feel the need of
more careful inspection of banks and
more strict enforcement of the exist
ing banking laws. The state depart
ment can inspect banks better than
the federal government, because the
state bank commissioner is in close
touch with all the banks in his state. ''
Governor Hoch told how the "lid''
had been put on by the banks dur
ing the recent furry.
I'm our state.' he said. "and I think
it was the same in yours, not a sin
gle law suit was commenced against a
bank for the purpose of gettine
money out. That shows that the .peo-
pie possessed an unusual amount OF
patience. They were willing to sleep or