The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-10-24

and w. R. Stubs, Governor Hoch de-
cided to give Mr.. Royce the first cnance
at the job, and if he refused 1T. to give
the place to Capt. Albright. Mr.. Royce
took the place, and so Albright lost his
change to remain at the head of the
department. But he was too valuable a
man to lose and Mr.. Royce persuaded
him to resume his place as assistant
Mr.. Albright gets his title as cap
tain from having served as a captain
in the Twentieth Kansas during the
whole of the Philippine campaign. his
service in the army is the only break
in his long connection with the bank
ing business before becoming connectet
with the state department..
In connection with the retirement
of Mr.. Royce, the story is going the
rounds that w. r. Stubbs. who OPP
posed Royce's appointment so siren
uously, has completely changed his
mind on that subject, and is now one
of Mr.. Royce's best friends. Stupps
opposed Royce because he considered
Rovce a "slave" of the Republican
machine. He didn't want Governor
Hoch to give the big pieces of pohtl-
cal pie to the machine. since royce
has been bank commissioner now
ever. Mr.. Stubs. has found that he
supported many important reform
measures, and the two men nave
patched up their differences.
It is even limited that if Mr.. Royce
had desired to remain in the service
of the state, he could have been re-
anpointed to the office of bank COM
missioner in case of the election or
Stubs to the governorshlp-
Governor Hoch has written letter
to Mr.. Royce accepting MS reslgna-
ton, and complimenting MIN on MS
work as bank commissioner. The let
ter follows:
Hon. John Q. Royce, State Bank
Commissioner, Topeka. Kan.
my Dear Mr.. Royce: With both
regret and pleasure I accept your
resignation of theoffice of bank com
missioner this day rendered. to take
effect November 10. With regret be-
cause your Retirement means great
loss to the public service and to the
monetary interests of the state' Win
pleasure because what is the state $
loss in this instance is your personal
gain.
at can not let you retire without ex-
pressing to you thus formally my hlgn
appreciation of your services as PAM
commission for nearly four years or
during my administration My appre-
citation of your fine abilities and pecu-
liar fitness for this position, wnlch IN
duced your appointment IN the urs.
place has been more than vinoicateu
by YOUR splendid management OF your
department during these four years,
and especially during the past year
the most trying experience perhaps,
any man in your position WIS ever
called upon to pass through me way
YOU handled affairs during. this trying
ordeal has won for you the admlra-
| ton of all who know the facts You
kept a level head when even DID, ex-
perienced bankers lost theirs. I ou
exhibited rare judgment IN countess
cases. and great tact and unwearylng
! patience through 1t all
For the first two years OF your
| term there were no bank failures in
this state and even during the ea str 6nen
Gus times to which alluslon mas oeen
made. in the last half of your term,
only five of the 75s banks of Kansas
closed their doors. and two Oh these;
1 understand, paid depositors In full
within sixty days. This is gratifying
statement, and 1 feel that 1t is only
just to you to say that this remarkably
small loss has been owing largely 10
your wise management, for 1t is known
| to me and to others, that your pa
| thence and tact and rare good Judg-
ment saved many frightened institu-
| tons.
ct can not help recalling that during
the panic of 'e3 and "a. one hundred