The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-01-22

| adopted yesterday, does not apply to
cities of over 10000 population. A ma.
jority of the residents of adjacent ter
ritory may bring about the arrange
ment with the city board of education
by paying their proportion of the cost
of maintaining the city schools. They
will be entitled to vote in the city on
school matters.
The bill passed by the senate yester-
day afternoon, to which such vigorous
opposition was offered by Senator Getty
| and others, increasing the power and
authority of the bank commissioner
over state banks to correspond with
the power of the comptroller of the
currency over national banks, provides
that the bank commissioner shall ap-
point a receiver when one becomes
necessary, but his compensation may,
upon the application of any interested
party, be made subject to the approval
of the judge of the district court of the
county in which the bank is located.
| Although the fight against this bill was
strong, it was finally, amended.
passed by vote of 35 to 5.
Banking legislation apparently inter-
| ests the members of the senate not less
! than did the direct primary proposition
which has consumed SO much time dur
| ing the last few days. Senator Quincy's
bill, which came up in calendar order
! today. excited much discussion. This
| bill provides that the name selected for
any bank shall not be the name of any
other bank doing business in the state,
but shall include the word state and
shall have the approval of the bank
commissioner, and the capital shall not
be less than $4,000 in towns and cities
| with population less than 500; in towns
or cities with population of 500 but
not exceeding 1000, the capital shall
not be less than Sic, 900; in all cities of
the third class with population of
1000 and over. the capital shall not
be less than $4,000; in all cities of the
second class. the capital shall not be
less than $4,000; and in all cities of the
first class the capital shall not be less
than $4,000; and, in addition to the
other requirements, shall contain the
names and places of residence of it's
stockholders, and the amount of stock
| subscribed by each, and may contain
such other provisions not inconsistent
with law as the stockholders may deem
proper The charter shall be subscrib-
| ed by at least five of the stockholders
of the proposed bank who are residents
| of the state of Kansas, and shall be ac-
knowledged by them; and the full
amount of capital stock shall be SUBJ
| scribed before the charter is filed; pro-
vided that all banks previously char
tered with a capital stock of less than
| that provided for in this section shall
| be required, within two years from the
taking effect of this act, to increase
provisions thereof.
The committee on banks and banking
recommended that this bill be amended
| by striking out all after the word pro
vided' in section 1, and inserting the
| following: THAT the limitations in re-
gard to capital herein shall not apply
| to banks already chartered at the time
| of the passage of this act This
| amendment was adopted
Quincy's amendment that no bank
| shall be permitted to reduce Its capital
| below the amount required by this act
was adopted.
| The question Of the constitutionality
of the bill was raised by senator - NoL.zs OF
| legislation and in violation of the l4th
amendment to the constitution or the
United States.
The bill was finally referred to the
judiciary committee to report at
p. m.
If the bill as amended should be re-
ported as constitutional it will in all
probability pass.
The senate passed unanimously the
bill of Senator Quincy designating the
state treasurer as the fiscal agent Of
| the state of Kansas. However, the
| governor secretary of state. and audi
| tor of state are authorized to retain
subagency in New York, to the ex-
tent that the same may be necessary
to provide for prompt payment of all
bonds, coupons and obligations here
tofore made payable at the fiscal agency
| in New York.
! All bonds issued by the state, or any
| county, township, municipality, or
school district, and the interest cou-
pons thereon, are made payable at the
treasurer must deposit all funds COM
| ing into his hands on account of such
agency in the state treasury, subject to
| his order. countersigned by the auditor
! of state and shall be liable on his Off
| cial bond state treasurer for all
| funds so deposited.
| The state treasurer, for his services in
receiving and disbursing such funds.
| is allowed a commission Of not exceed
| ing one-eighth of l per cent, together
with all postage and eXpressage, which
are made a charge against the state,
county township, school district, or
municipality, on account OF which sucn
! commission accrues or such expenses
| are incurred.
All acts relative to a state fiscal
agency in New York remain in force as
| to such agency, except insofar as the
same are modified by the provisions of
| this act.
Senate bill No. 10S, from the commit
tee on ways and means. passed without
objection. 1t remedies a defect in legis-
| lation last winter, providing for the
payment of salary of $500 a year to
! the clerk ana cashier VI LiC e"liAS PAM
at the state penitentiary at Lansing
and making an appropriation of $175
for the payment of the deficiency in his
salary from July, 1907. to February,
1908. The bond of the said clerk and
cashier is fixed at $4,000. His salary
is paid out of the profits Of the plant
| Senate bill No. 121, by Getty, an act
comforting upon women the right to vote
at city elections and to hold certain
| offices, was stricken from the calendar,
| the house having rejected a similar bill.
| Senate bill No. 5, Young's primary
| ti1 11non which action was taken in