The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-01-31
FIRST IN FIELD.
Bank Insurance Company Is
Being Organized.
John Dawson Who Drew the
Law One of Founders.
ALL UP TO GOV. HOCH.
RumOr That He Will Veto the
Measure.
Executive Pretty Well Satisfied
With Session.
ALL UP TO GOV. HOCH.

John Dawson, assistant attorney gen.
eral of Kansas, who was one of the
authors of the bank deposit insurance
bill which passed the special session Of
the legislature as substitute for a
bank deposit guarantee law, announced
today that he was going ahead and
organize the Kansas Bank Deposit In
surance company, under the provisions
of the new law.
Some of the leading bankers Of To-
peka and Kansas City are interested
in the proposition said Mr.. Dawson.
land we are going to start such a COM
pany as soon as the capital stock can
be subscribed. The charter will be Sc
cured as soon as enough subscribers to
the stock have been secured. I am un-
able to say at this time who will be
the subscribers, for this is in charge
of ]. r. Burrow, president Of the Cen
trail National bank of this city.
''Of course there may be other COM
panies organized under this law.
Whether there is any demand for an
of the company which first takes the
field.
II don't believe it would be at all
right for Governor Hoch to veto this
bill. and 1 can't see that he would
have any justification in so doing"
A meeting of the bankers of the
state who are interested in the Or
ganization of such a company will be
called some time next week to be held
in Topeka by ]. w. Bergman, presi-
dent of the State Bankers association
At this meeting the plans for the or
ganization of the company will be
fully discussed.
B. P Waggener of Atchison, who is
interested in the company, stated this
morning that Mr.. Sweeney, a Kansas
City banker, had sent in a request for
$4,000 worth of stock in the new
company. Bankers who happened to
be in Topeka today from out of town
subscribed $4,000 more. The bank
ers look upon the organization of the
company as an assured fact.
Governor Hoch won't say whether or
not he intends to veto house bill No.
bill When asked this morning concern
ing the matter he said:
ct will cross that bridge when come
to it,
Senator Quincy of Saline and Bank
Commissioner John @. Royce, both of
whom think that No III is of very lit
tie use were in conference with the
governor for some time this morning,
and it is supposed that they were urg-
ing him to veto the bill.
1t is believed likely, however, that
Governor Hoch will give the bankers
of the state chance to make good un-
der their promise to the legislature. II
the bankers fail to take advantage or
the provisions of the insurance scheme
it will be sufficient evidence to war
rant the next legislature in organizing
a straight bank deposit guarantee law.
Governor Hoch declares that the
special session was well worth the
price: that even the local legislation
enacted is worth all the special session
cost.
ST am glad I called the special ses-
sion," said the governor, ''and even
If it had not enacted any of the bills
desired. would have felt that the de-
mand of the people for the calling OF
the session was strong enough to war
rant my action in calling 1t.
"In fact / am rather coming to the
belief" said the governor, that in
young, growing state like ours, where
conditions change rapidly, it might be
a very good plan to have one short
session of the legislature the year the
members of are elected, and then
longer session the year following. The
short session should give the new
members some experience in legfsla-
tive procedure and enable all local
legislation to be disposed of. The long
session would except busy with i'm
portant general bills.
"How do you account for the fact
that the senate voted against the guar
antee deposit bill after the pledge
which YOU received?' was asked.
'I account for it in just the same
way that I account for the fact that
many promises made are broken. The
poll which I make of the senate show
ed that there was a good strong ma
jority in favor of guarantee deposit
law, and that several other members
of that body had no special opposi-
ton to such law. 1t was a great dis
appointment to me that the legislature
failed to enact depository law; other
wise 1 am very well satisfied with its
work"
The Kansas City Star says that the
local legislation enacted for the bene-
fit of Kansas City, KAN, was worth all
the special session cost.
The cost of the special session will be
about s27 900. though a good many ap-
propriations were made Tor various
purposes, aggregating about ten or nj
teen thousand dollars.
The miscellaneous appropriation
bill carried the following items:
T T. Tredway, accompanying Rep
resentatfye Warren to his home $40.
Repairs on engine, heating plant,
$685..
Judge Seventh judicial district
deficiency salary, S396-72
Judge court common pleas, Kansas
City, s14.S0.
primary election expenses. $4,000.
Topeka Ind. Tel. Co. $71.45.
Bell Tel Co., s3S2.3S.
State Historical Soc1ety, Iurni-
ture, $477.10.
superintendent Insurance, repairs in
office, 500.
Stationery and supplies, special ses-
sion, 800.
w. P. Mason, $40.
Richard Wilson, $40.
State printer, $4,000 copies of pri-
mary, $40.
county, $4,000.
Stenographer circuit court Wyan-
dotte county, $1,000
Sundry claims, typeWrlters,
etc, 5000.