The Chanute times., 1908-02-07


posits.
The committee also framed UP the
Wells bill providing that a Bank may
give the bank commissioner Il bond
for the deposits in excess of its capt.
tai stock.
Topeka, Kan, Jan. 27.-The house
passed two bank deposit bills and Is
considering a third. The bills passed
were the state guaranty bill that was
| formed by the special committee Sat
urday and the bill providing that a
bank may give a personal or surety
bond to the state of Kansas that Will
provide for the guaranteeing of all
| deposits in that bank. This is known
as the Wells bill, and is the only real
guaranty bill being considered. 1t
provides that if bank does not want
to participate in the state guaranty
| plan it may give it's bond that all OF
its deposits will be paid and the sign
ers of the bond will be required to
pay any deficit which failed bank
owes it's depositors after the assets
are exhausted. The bill now under
discussion is the law to permit the
organization of an insurance company
to insure bank deposits.
Gov. Hoch stated this morning that
he has not yet received the letter al
legged to have been written week
ago by Comptroller Ridgley, in which
Mr.. Ridgley is said to have declared
that national banks cannot participate
in the state guarantee deposit law.
The claim has been made that
| certain state senator is in possession
of a copy of Mr.. Ridgley's letter, and
would present it on the floor of the
senate and call upon Gov. Hoch to
confirm it.
81 hope" said Gov. Hoch, this
morning, "that the senator will dc
this. | would like to have somebody
send a tracer after this letter, and
/ see just what truth there was in those
| Washington dispatches received here
week ago. | have been anxiously
awaiting the receipt of Mr.. Ridgleys IS
letter, but it has not come.
1T certainly seems strange that If
Mr.. Ridgley sent a letter it should
have failed to reach me. l doubt
whether the letter was ever sent. Mr.
Ridgley informed me that he would
make no decision until the formal ap-
plication from some Oklahoma ma
tional bank to participate in the pro-
visions of the Oklahoma state law is
received. | cannot believe that he
would change his plans so completely
as having been sent from Washing
ton"
Gov. e. W. Hoch this morning re-
ceived a strong letter from A. B. Net
Teton declaring himself strongly in
favor of guarantee deposit law. Mr..
Nettleton was appointed assistant
secretary of the United States treas
ury in 1890, served through the Har-
rison administration and was acting
secretary of the treasury from the
death of Secretary Window. January
"a. 1891, until March. 1892.
Topeka, Kan, Jan. 2S.-The house
this afternoon passed three bills in
suring bank deposits. The bill pro-
viding for the creation of an indem-
nifty fund passed by a vote Of rs to
80. The Wells bill making it COM
pulsory for state banks to file with
the bank commissioner a bond for
deposits in excess of the Ncapital
stock, passed by a vote of rs to %;
and the Hall measure to create in
surance companies got a favorable
vote of 104 to 1. Most of the discus
sion centered about the indemnity
fund bill, and the thirty-t yo voting
against it thought that it was either
an unsatisfactory measure or not
-~~~N-~~~-~~~~-~-~~ ~~~~~c~~~~~~~-~~~~~O
Effective Fog Shifter.
A very effective fog shifter, by the
way, is a good snowstorm. Last boxing
aa,. .bo r,orv fbot foil on fha roof of