The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-10-22
ROYCE is TO QUIT
Bank Commissioner Will Resign
His Office.
Become Secretary Of Building
and Loan Ass OeiatiOn.
ALBRIGHT TO GET 1T.
Assistant i'm Office Will Be APP
pointed Commissioner.
Has Been in the Department for
Eight Years.

John Q. Royce, state bank COM
missioner, announced today that he
will resign his Office Immediately af-
ter election to accept the office of Sec
rotary of the Aetna Building and Loan
association of Topeka, succeeding
John F. Carter. who has been elected
president in place of F. NJ Kimball.
Mr.. Kimb ball will go to kansas City to
start new building and loan associa-
ton.
Governor Hoch says that Capt. w.
bank commissioner, will be appointed
bank commissioner to fill out Mr..
Royce's term, which Will expire on
March l, 1909.
In addition to being secretary of
the Aetna Building and Loan assoc
citation, which is the largest COM
pany of the kind west of Philadelphia,
Mr.. Royce will continue to act as
president of the Kansas Voting Ma
chine company, and will hold the
position of treasurer of the newly or
ganized Bank Savings National Life
Insurance company of Topeka. From
a financial standpoint, Mr.. Royce's
new work will be more than twice
as profitable as his state office, which
paid $4,000 year
inc aetna BullQlnB anu Loan ASSOC
citation is one of the largest institu-
lions of the kind in America. 1t
does a general building and loan
business and has stockholders all
over the western part of the country.
Its loans aggregate 2 1s millions of
dollars. and it has 2O,0 stockhold-
ers. The company was organized by
Byran Roberts. and on his death, F.
NJ. Kimball, who had been secretary.
succeeded to the presidency, and
John F. Carter became secretary.
With the retirement of President
Kimball Mr. Carter was promoted to
the presidency, and Mr.. Royce be-
comes secretary. The election of the
new officers was made this morning
by the directors. The new board of
directors is composed of John F. Car
ter, president; A. B. Quinton, vice
T. D. Fitzpatrick, of Salina and
Horace Clark.
Mr.. Royce. the new secretary of
the company, has held the office of
bank commissioner for about three
and one-half years His official resi-
dence is still Phillipsburg, in Phillips
county. Kan, where he owns the Phil
hpsburg Dispatch one of the leading
weekly papers of the state. Since his
appointment as bank commissioner,
Mr.. Royce has moved his family TO
Topeka. He will probably sell his
O.
Topeka his residence.
Bankers of the state speak in the
highest terms of Mr.. Roycefs work in
the office which he is about to relin-
quish. He has handled the affairs of
the office with good judgment and con-
servatism. and has advocated many
important changes in the management
or his department. He was a strong
advocate of the guaranty deposit bill.
ne also was instrumental in having
passed the bill recognizing the de-
partment and creating additional bank
examiners. He has completely re-
1urnlshed and re-equipped the offices
or his department in the state house.
and made the banking department
SUITE one or the handsomest in the
state house
The way Mr.. Royce's department
handled the delicate situations aris-
ing fro mthe recent panic" calico
forth the greatest commentator from
the bankers of the state. Nearly all
the small banks which were forced
TO suspend by collapse of two big
Kansas City banks were able to re-
sumo business soon after. Mr.. Royce
secured the passage by the legisla-
ture OF bill which authorized the de
partment to appoint receiver for
failed banks and close up the affairs
of the bank with the minimum amount
of expense and time. This law has
saved depositors a great deal of
money.
Capt. w. S. Albright. who will suc-
coed Mr. Royce as state bank commits
sioner, has been connected with the de-
partment for eight years and has been
a banker all his life His home is
Leavenworth. and he was appointed as
a bank examiner by Morton AIbaugh.
He served as office assistant to Mr.
Albaugh until Mr.. Albaugh resigned al
most exactly four years ago. Mr. AL
bright was then appointed bank COM
missioner to NIL out Albaugh's unexpir-
ed term, as he is now to be appointed
to fill out Mr.. Royce's unexpired term.
Mr.. Albright is in the closest touch
with the affairs of the office, and knows
without looking 1t up just about the
condition of every bank in the state,
as shown by the examiners report.
1t would be the proper thing If Mr.
Albright could be retained as bank
commissioner under the next state ad-
mlnistration- He lacks only one quail
ncatlOn-ha isn't a