The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-02-03
H0CH SAYSN0, SIR
Governor Kicks Over Plan of
the Senate.
--~~<-
Proposed to Pass the Guaranty
Deposit Bill.
EXPECTED CONCESSION
That ExecutiveW ould Withdraw
Veto Of Insurance Measure.
He Refuses and Says That It Is
Iniquit0us.
EXPECTED CONCESSION

He Refuses and Says That It Is
IniquitOus.
A plan has been framed up by the
senate to surrender to Governor
Hoch On Tuesday by passing the house
bill guaranteeing bank deposits pro-
vided Governor Hoch would with
draw his veto on Bill No. Ill, the bill
providing for the Organization of a
bank deposit insurance company.
| Governor Hoch, however, has spoiled
the deal by absolutely refusing to
withdraw his vetoson No. Ill, SO long
as it remains in it's present form.
| Il am willing to agree to anything
reasonable said Governor Hoch,
! but I will never consent to withdra w
| my veto to that bill No. Ill 1t is a.
dangerous and iniquitous measure,
and should not be allowed to pass IN
| Its present form. ~
compromise out of me on any basis
involving my withdrawal of my veto
| on that bill, it is laboring under a
serious misapprehension.
| IF we can arrange to have a bank
deposit guarantee bill drafted by the
| 6Q,
bill providing for insurance of bank
deposits drafted by its friends and
passed I am willing to approve both
measures. 1 have no objection to the
bank deposit insurance scheme, but
it must be a square, honest bill, on
which Its friends are willing to stand.
| The Quincy bank deposit guarantee
bill, with the Waggener amendment.
was worthless, and I would not allow
| such a bill to become a law. am
willing to have fair, square trial of
both systems, and if the senate wants
I will do my part toward bringing it
| about" s
Senate Was Scared.
Indications are that the state SEN
ate, which has a reputation of being a
trifie shy at times, did not like the
| idea of facing political campaign
| into which Governor Hoch had
| threatened to inject the discussion
! of the guarantee deposit proposition.
1t was the senate that Matched up the
| plan to postpone -tnSsadjournment till
Tuesday, and while the reason for
this move has been made the subject
of much discussion and many conflict
| ing views 1t was cleared up this morn
/ ing when Senator B. P. Waggener ar
rived in Topeka, and made this state
| ment:
"I think it is a reasonable PROPOSE
ton, since the governor has seen fit
to veto the bank deposit insurance
law, to get the senate back here and
pass the house deposit guarantee bill,
which was left on tn esenate calendar.
If we can get FL senators to agree to
this, it will be unnecessary for the
house to come back at all. The SEN
| ate can simply take up this bill and
pass it, Then Governor Hoch could
withdraw his veto on the bank de-
] posit insurance bill. for the only real
objection which he had to signing the
bill would be gone. 1 think that is a
fair proposition, and it is necessary for
the good of the state. If we don't do
this there will be a lot of wild talk
about the safety of the banks, and
first thing we know. there will be
real, sure enough panic on here in
Kansas. For the good or the state the
senate ought to be willing to make
this concession, and SO should the gov
ernor."
How many senators will be here
Tuesday at the time to which the SEN
ate adjourned?" was asked.
Il haven't the slightest idea,'' said
Mr.. Waggener. Il want to say that
the report that 1 have been sending out
kilograms calling the senators back
here is false. I haven't sent a single
telegram of that nature"
Senator Waggener went at once from
the Copeland hotel to the governors
office this morning to present his plan
to the governor, but was unable to see
him, owing to the governors absence.
Fear of q Panic.
1t was said that the bankers of the
state were also scared when they heard
that Governor Hoch was going to keep
on talking for bank deposit guaran-
tee bill They were afraid so much agi-
tation would be bad for the financial
situation and We're willing to accept
of isa RAJ
allow the orators to go about over the
state telling about the nead of a law
| to protect depositors
There are about a dozen senators in
| Topeka today, and they are holding a
caucus this afternoon to decide what
| they will do The fat refusal of Cover
nor Hoch to accept their proposition for
the passage of the house guarantee bill
| has caused them much dismay.
One of the senators who has been
aligned squarely with the square deal
crowd said today: "This is a fair pro-
will dare to turn 1t down. He said
that the reason he refused to approve
the bank deposit insurance bill was
because there was no guarantee deposit
bill passed by the senate. Now the SEN
ate is willing to surrender and pass the
house bill. Hoch will have no ground
left to stand on If he refuses such
proposition
some will say, of course, that the
reason Governor Hoch declined the SEN
ate compromise is because he wants an
tissue" on which to run for the United
state senate. and this issue will be the
guarantee of bank deposits. There is
no doubt that an issue of that kind
would help Hoch's chances materially.
1t was reported this morning that w.
r. Ham. who introduced the bank de-
posit insurance bill in the senate. was
disgusted with the action of the senate,
and would no longer support his own
bill Ham is a stauneh friend of Gov
ernor Hoch.
One reason for the governors re-
fusal to entertain the proposition of the
senate is that he considers the bank