The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-07-02
STUBS is FIRM.
Still Insists He Will Call Session
of Legislature If
Only Condition Is That National
Bankers Agree.
DOIIEV HAS HOPES
DOLLEY HAS HOPES.
Thinks That Agreement Will
Be Reached.
Call If at All First of Next
Week.

The question of whether or not there
will be d special session of the legis-
lature for the purpose of ironing out
the difficulties between the state and
national banks over the guaranty of
deposits questions is still unsettled
There IS little doubt but Governor
Stubbs will call this session If the
trouble is not adjusted.
The governor is not afraid to call the
legislature together. That body may
rot agree on the remedy, may take
long time to settle the question and
may wind up in a free-for-all fight or
a deadlock. but the governor win stand
pat on his call, if he makes one, and
send in messages a Ia Roosevelt from
time to time setting forth his views on
needed legislation in no uncertain terms.
Then he would be in the clear whether
much was done or little; whether it was
done quickly or lot of time and money
consumed in the enactment of a law
that should be q remedy.
1t has been reported lately that the
national bankers are standing pat on
their decision to pay whatever inter-
est they please on deposits, but Bank
Commissioner Dolley yet has hopes or
an amlcable adjustment of the DIM
Guilty. Negotiations have not been
broken off as reported. Another con-
ference between the national bank lead
ers and the administration leaders is
being held this evening. There is more
than a possibility that it Will succeed
there is a probability.
Mr.. Dolley was reticent about the
matter, but finally made the following
statement: THE bankers and business
men of this state have too much pusl-
ness sense to allow themselves to be-
drawn into an unwarranted contest
which Will do Kansas incalculable harm
and the end of which no man can fore
see"
But on the other hand, wise and
conservative politicians are begin
ming to look for a call for special
session next week They argue that
as the bank guaranty law is the
cause of all the troubles between the
bankers, and this trouble may result
in war that will seriously cripple
the business interests of the state.
Now as to who is right or wrong IS
not the question. The national bank
ers were denied admittance to the
state association and were forced in
self defense to organize an assocta-
tion of their own. They take the
ground that they can write their own
charter and bylaws according to their
views of banking and answer to the
com ptroIIer of the currency for the
result. The state bankers are bound
by the rigid restrictions of the state
guaranty law. So the state legislature
alone can adjust the trouble if both
sides remain firm. Whoever is. right
the business interests of the state de-
mand that a peace treaty be drawn
up and signed. If it can be drawn
only by the legislature that will like
ly be done.
The questions upon which the call
for a special session hinge are, has
Gov. Stubbs the nerve, and will the
national bankers stand pat? The first
question can be answered in the af-
firmative without hesitation. The
second question is as yet unanswered.
Some of these bankers want to fight
it out while others are willing to
yield. Different versions of the bank
ers' attitude are in circulation at
this time. 1t is a case of hoping for
peace and making preparation for
war.
Another thing: The statement that
this special session talk is all a |
story written by reporters
hard up for news, is not true. There |
was good authority and foundation |
for the printed report that a special
session was possible if not probable. |
The call will be made the first of next |
week if the dove of peace has not |
been released from the bank vaults |
by thai time.
Weather Indications.
Chicago, July Forecast for Kan
sas: Generally fair tonight and Satur- |
Jay; not much change in temperature.