The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-01-16
MAY GO THROUGH.
Believed That Guaranty Deposit
Law Will Be Passed.
Friends of the Measure Are I'm
the Majority.
BANKERS AREOPPOSED
Hold Meeting and Decide to
Fight the Bill.
Governor Confident That 1t
Will Go Through.

In spite OF the bitter tight which
has been organized against it, it ID
now practically conceded that the
guaranty deposit bill will be passed
In some form by the special session
OF the legislature.
Wednesday night a meeting was
held of some of the leading bankers
of the state, with prominent members
OF the legislature and some political
leaders, for the purpose of adopting a
definite plan OF attack on the law.
A telegram was also received by
Bale P. Waggener from Senator
Charles Curtis which said:
'Ridgley says that national banks
not allowed to take advantage of
guaranty deposit law. Attorney gen.
eral will not pass on it until it comes
to him in regular way.
"CHAs CURTIS"
These two occurrences served to
centralize the opposition to the guar
anty deposit bill, and it locked for a
time last evening as though the
chances strongly favored the defeat
of all legislation on the subject
Today, however, the reform
crowd is again in the saddle, and the
opponents of the bill admit that it ap-
pears that the opposition would not
proposition which will carry through
both the primary and guaranty laws.
"A majority of the legislature"
said a prominent Kansas banker,
against the bill, ''is opposed to the
guaranty deposit bill, but the lines
are being SO strictly drawn that it will
be almost impossible to prevent its
passage. Members will vote contrary
to their convictions rather than
struggle with the clamor of their
constituents.
W. r. Stubbs, who is said to be in
his heart opposed to the guaranty de-
posit bill, said today in speaking for
publications:
''I am in favor of a guaranty bill
which is properly drawn. l doubt the
wisdom of any bill which makes it
compulsory on banks to participate,
and it is essential that the bill should
be broad enough to include both state
and national banks. 1 have not had
time to examine any of the proposed
laws, and can not say which one 1
favor
Governor E. W. Hoch is confident
that the bill will be passed. II believe
that the legislature will not resist the
demands of the people of the state
said the governor this morning.
This fight on the bill will not ac-
complish its defeat. Even though
Comptroller Ridgley has refused to
sanction the plan, it is not to be con-
ceived that 800 national banks in
Oklahoma will be deprived of the
benefits of that law. 1 talked with
Governor Haskell about the matter
over the long distance phone few
days ago, and 1 know that those peo-
pie are not a bit worried about their
law. They know that the national
banks will be protected. Even IL
Ridgley should rule against the law,
and even if he should be sustained
would step in and pass the Gore bill
within "a hours, and settle the whole
difficulty"
c. L. Davidson of Wichita, candi-
date for governor, has a bill on the
subject of guaranty deposits which he
will introduce. 1t differs from other
bills in that it gives The bankers
themselves representation the
guaranty fund board
81 don't see that it makes much
holds" says Mr.. Davidson "a ma
tional bank certainly ought to have
the right to do whatever it pleases
with its surplus. If it wants to spend
it for insuring its deposits all right. I
have known for some years that this
was coming. l have tried to persuade
the bankers in our section of the state
to devise some sort of a mutual bank
ers' insurance for deposits, but they
wouldn't do it, and now the state has
stepped in
1t is likely that meeting of the
house committee on employees will be
held just before the opening of the
session for the purpose of recommend
ing to the house the names of a list OF
people to do the work of the house.
There are plenty of candidates for al!
the Jobs, and it is conceded that c.
H. Brilliant will succeed D. Y. Wilson
as chief clerk of the house.
The Democratic side of the house
will be three votes short of what it
had at the last session. Representa-
tives McKinnie and Ferguson have
died and Representative Hendricks
has moved to Nebraska, though under
the law, if he had mind to come
back here, he could still vote, just the
same as Speaker Simmons, who has
moved away from the county from
which he was elected.
There will be a shortage of several
votes on the Republican side, too. Rep
resentative Sticher is dead. Represen-
tatives Creech and Brandon are sick.
and there are probably several others
who will be unable to report on ac-
count of sickness.
Joe Rank, of the Atchison Globe. IL
here and will represent his paper dur
ing the session in both house and sem
ate.
Weather Indications.
Chicago. Jan 16.-Forecast for Kan
sas: Fair tonight and Friday; rising