The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-08-20
D0LLEY TO BANKERS.
DenOunces Those Who Are Trying to
Destroy State Guaranty Law.

State Bank Commissioner J. n. Dol
ley today sent out to the state banks
of Kansas circular letter which is ir
! the nature of a reply to the letter sent
out a few days ago by Bailey BurroN
and others appealing to the banks for
! contributions to pay the expenses OF
/ testing the guaranty law in the courts
| Mr. Dolley, in this letter, does not
! mince his words He denounces the
men who seek to test the guaranty
| law as its enemies He calls upon the
state bankers to choose whether or not
they will support or oppose a law
depositors. He defines clearly the
position of his department in this mat
! ter and he warns the state banks that
every dollar they contribute to the
Bailey-Burrow fund will be used to
break down the guaranty law.
The letter in full is as follows:
ITO the State Banks of Kansas:
Those opposed to the guaranty law
are putting forth every effort to or
ganize against it. They are even try
ing to get the state banks to sign con-
tracts and subscribe money and join
them in carrying out their designs to
defeat the law, which law a. majority
OF the depositors of the state banks
a very large majority of the state banks
themselves are strongly supporting it,
which has been fully verified by the ap-
plicationS to participate under the law
row on file in this department.
wv. ]. Bailey, j. r. Burrow. w. II.
BurkS and c. Q. Chandler have issued
d letter addressed to the banks of Kan
Sas, under date line of August 16, APP
pealing to many of the state banks for
a large sum of money to assist them
in defeating the law under the guise
that they wish to learn whether the
law is constitutional and le gal, but they
fully intend to defeat the law if it is at
all possible for them to do so. They
say that at Il large and well attended
meeting of the state and national bank
ers they were elected as a committee.
-ende6 meeting of state and national
bankers for this purpose I have failed
.C learn OF it.
Il will say that some of the state
banks have had a summons served |
upon them, but I would advise that |
law at this time and thereby assist |
them in breaking down the law. I /
will be pleased to advise them what |
steps, if any, to take when the time |
and it is not necessary for |
them to do anything until so advised. |
This suit was commenced against |
the bank commissioner and the state |
treasurer to test the constitutionality |
of the law in the state supreme court. |
the highest court in the state In con-
nection with the suit it was necessary
to serve all the banks which had not
made application to participate under
nc Sud4 amy ldhg IOI lue IodSOl IHdl
they might have some interest in the |
suit This service of summons and
writ will not injure the interests of a
single state bank, but it is for the pur
pose of giving these banks accurate
knowledge of the object of the suit
and permit them to assist in defending
1r opposing the law as they deem best.
1T seems to me that We have ar
lived at point where it is necessary
or the state banks to choose as to
whether they will support the organi-
lztion which is assaulting in every
way at its command the guaranty law,
'r whether they will support this de-
'artment and the expressed wish of
he people of Kansas, who are their
lepositors. Every dollar contributed
o the aforesaid organization will be
lsed for the purpose of breaking down
md destroying the guaranty law and
he insurance of bank deposits