The Topeka state journal., 1909-02-22
CAN NOT AGREE.
Effort to Fix Up Guaranty Law
Fails.
Senators Reluctant to Make
Concessions to House.
TALK OF COMPROMISE.
Relieved That Trust Companies
Will Be Eliminated.
Also That Savings Banks Will
Be Let In.

A conference behind closed doors was
held at the capitol today by Lieutenant
Governor Fitzgerald, president of the
senate, and Speaker Dolley of the
house.
While no announcement was made
by either presiding officer as to the
subject of the conference, yet there is
the most reliable basis for the infer
ence that the conference was in regard
to the bank depositors' guaranty bill
and will have important bearing upon
the future action of the legislature on
this subject of legislation.
There is quite a wide difference be-
tween the two guaranty bills as
passed by the house and by the senate
There was some talk that the house
bill might be brought before the senate
and an attempt made to obtain the
senate'S concurrence in the house
amendments. This plan, however,
seems to have been abandoned as
fruitIess course, and it is now under
stood that the guaranty bill Will pc
sent to a conference committee of both
houses, where an attempt will be made
to dispose of the differences between
two bills. The plan is to settle the diff
ferences, if possible, in one conference,
which will probably be through COM
promise agreements and concessions
Trying to Get Together.
With this purpose in view, it is un-
derstood, the presiding officers of each
branch of the legislature will appoint
as conferees such members as may be
expected to carry out the wishes OF
the administration, SO far as may be
consistent with the conferees' own in
dividual ideas, and also such members
as are influential in their respective
bodies, and whose action in commit
tee might be reasonably expected to
meet with the approval of the body
they represent.
1t is believed that the senate con-
ferees will likely be Senator Cam
bern, chairman of the banking COM
mittee, and Senator Price, chairman
of the judiciary committee. Both or
these senators are considered to be
men of careful, conservative Judg-
ment, possessing the confidence OF
their colleagues, and therefore men of
considerable influence among their
fellow senators. Any action decided
upon by these senators would probab-
ly be ratified by the senate.
The action of the house on the guar
anty bill was the topic of much dis
cussion among the senators at the cap
itol today. From individual comments
today and from expressions on the floor
of the senate during the debate on the
bill Thursday, it seems perfectly safe
prediction that the house amendments
will not be popular with the senators.
The sentiment seems quite general in
the upper branch of the legislature that
to permit new banks to come in under
the law, without a years probation,
would be a dangerous provision and
would foster the growth and establish
ment of wildcat" banks and be unjust
toward the institutions already estab-
lished. The inclusion of trust COM
panies in the guaranty law is also dis
What Senate Might Do.
The senate might be persuaded to
permit the guaranty of savings deposits
and also to allow only 8 per cent in
terest on certificates of deposit issued
to depositors in insolvent banks, but
unless there is a great change of
heart" among the majority of senators,
the upper house will not agree to per-
mitting new banks or trust companies
to come in under the law.
The selection of conferees is considered
of great Importance for upon their action
may depend the success or failure of the
guaranty legislation. After an agreement
Is reached in the conference committee, if
an agreement is possible, the influence of
he ad iDf or "a a G a g n