The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-01-25

| sentatiVes Stubs and Morgan Ihey
| went over the whole matter carefully.
| Stubbs was willing to accept all the
PROPOSITIONS made by Fitzpatrick for a
| compromise except the split primary,
| and said he thought that could be ar
| ranged too, but wanted time to consult
| his friends to see whether they would
/ stand for the agreement. Then Cy Lee
/ land got after him, and Cy is mighty
smooth in putting poison into peoples
ears He made Stubs believe that he
| should not yield on the split primary.
Why did Cy do this? OF course that
hard to say. but my opinion is that II
was because Cy doesn't want primary
| at ALL
| When the conference committee
report comes up Monday, there will
be a hot fight in the house, unless
| Stubs decides to yield. motion
committee report, and this will re-
ouire roll call. Every man will have
| to go on record. The Democrats will
most Of them stand by Stubs. If
| Stubs can get so Republicans to
| stand by him, he can probably defeat
the approval Of the conference COM
mittee report There are only about
| twenty Republican members upon
whom Stubs can depend in such an
emergency. They are as follows:
Dawson, Fisher, Guyer. Ham, Kirt-
! land, Lander, Mercer, Neihart. Peter,
Plumb, Roush, Skinner, Stannard.
| Stone. Stubs Tredway, Warren.
| Wells and White Unless Stubs can
find about ten more members to help
him. the report of the conference
committee is likely to be adopted by
! the house.
Speaker Simmons has appointed the
| following committee of nine to draft a
bill on the subject of state guarantee
of bank deposits. This committee held
ferJ,+ no
| composed of H. w. Grass Of Rush, John
| Edwards Of Greenwood, J. T. White of
! Ottawa. w L. Cunningham of CoWley.
J. w Bergman of Clark, w. t. Ham OF
| Rocks. Robert Stone of Shawnee, B. F.
Wheeler of Crawford, and c. F. Foley
| of Rice.
| This committee will take all of the
| straight bank deposit guarantee bills,
| and from them extract the most desfr-
! able portions and condense those por-
lions into one harmonious Dill. me
| committee will report Monday morning
| at o'clock at which time the house
will take up the bank deposit guaran-
tee proposition as a special order
1t seems practically certain that the
house will pass both a bank deposit
guarantee bill and q deposit insurance
bill, thus taking care of both state ana
national banks
Each of the proposed bank deposit
guarantee bills was taken up Friday
afternoon in the house, and arguments
make for the various schemes proposed.
D. v Umholtz of Leavenworth spoke
for the. J. C. Petheridge bill, which is
similar to the Oklahoma law.
w Y. Morgan presented the bill
drawn by Senator Quincy.
G.. l. Davidson of Wichita spoke IN
favor of his own bill, and explained its
workings.
VIM. Wells and w. B. Ham spoke
concerning the bill introduced by Mr..
Wells .r5sl-...
On special invitation of the commit
tee of the whole Bank Commissioner
Royce was called upon to address the
house.
II am convinced he said, t'that a
bank deposit law will be of greater good
to the banks than it will be to the de-
positors.'
Mr.. Royce then told what he had
heard from the bankers on the state.
He has letters from bS out of 2O4 ma
tiona1 bankers, A of whom oppose leg
islation of this kind; favor the legis-
laton; 8 express no opinions He has
heard from 253 out Of 74S state banks,
1853 of whom favor the law and "a OPP
pose it.
There is good in every one Of the
bills which has been presented said
Mr. Royce IT can see no possible OBJ
lection to the bill prepared by Mr..
Waggener for insuring bank deposits.
I fear there may be motive for pre-
senting this bill. I fear it may be in
tended to sidetrack legislation along
the line Of guaranteeing deposits. But
1t is good measure and ought to have
your support. But I hope you will take
up this proposition and pass a guaran-
tee deposit law
Mr.. Royce then explained some pro-
visions of the law which he deemed to
be advisable. He held that by provid-
ing that the entire amount of the guar
antee fund be paid into the state treas
ury at once, and allowing a bank to
withdraw from protection and forfeit
Its money if it preferred to do this
rather than pay an assessment, the IL
ability would be limited and the ma
tionai banks could take advantage of
the law.
j. W. Bergman said: st don't think
Mr.. Royce intended any discourtesy to
this house, but some of his remarks GER
ta1nly reflected on the integrity of Mr..
Ham and Mr.. Waggener who introduce
ed the insurance BILL Mr.. Bergman
read a letter from a national banker at
Guthrie, Ok, which stated that the ma
tlonal banks are going to organize an
insurance company with half a million
capital.
A special committee appointed FRI
oay made a report late in the after
noon relating to the local bills on the
calendar. All these local bills were
sorted out Of the hopper, and will be
passed in an omnibus The members
VINO have local bills which they feel
tney must get through in order to
safely return to their homes will then
feel more like talking about final ad-
journment.
The special committee is composed
OF CoWan of Cherokee, Enright of
Wyandotte and Foley of Rice.
e. B. Kirtland's resolution requir-
ing the executive council of the
state to provide permanent rooms for
all the standing committees of the
legislature was beaten in the house
friday afternoon by a vote of so to
ms was about the widest resolu-
ton ever introduced by that safe and
sane legislator, Mr.. Kirkland, It pro-
Vlded that large number of rooms
at the state house should be kept va
! cam and Rc,,. o