The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-07-01
Ex-Governor Sidesteps the PO-
IiticaI Microbe.
Refuses to Discuss Plan to Make
Him Governor Candidate.
,EE ABOUT BANK LAW.
Perfecting Plans to Put Insur-
ance Into Effect.
Mr.. DolIey Says National Bank
ers Have Next Move.

Ex-Governor w. J. Bailey came to
Topeka today from his home in Atch-
ison in connection with matters per-
tanning to the organization of the as
sociation of national bankers for the
purpose of insuring their deposits
Governor Bailey is connected with a
national bank in Atchison and is a
member of the executive committee of
the national bankers proposed insur-
ance or fidelity company.
When asked about the report that
he was to be drafted to make the race
for governor against Stubs in the pri-
mary next summer, Governor Bailey
said:
"If nobody else worries any more
than I do about politics these days
everyone will be in fine shape to get
through the hot weather. There isn't
an ounce of politics in my system to-
day. I am just plain citizen on foot
in the dust of the road and have
nothing whatever to say about the eff
forts of any paper to get me into
race for office"
The governor talked and appeared
as Indifferent about the matter as
could be, but still he did not deny the
with his name and the governorship.
Maybe he did not think it worth
while. Anyway he left the proposition
wide OPEN
Speaking of the threatened trouble
between the national and state bank
ers, Governor Bailey thought that the
national bankers should, in connection
with the organization of their guar
anty of deposits company, make the
soIvency of a bank the prime requisite
for membership. He believed that if
bank was paying good dividends on
its capital stock and was being run
on safe and economical lines that this
state of affairs should count for more
than the rate of interest it paid on
deposits. Local conditions govern
the rate of interest on deposits he
said, land should be taken into ac-
count. Where a bank in one town
can not afford to pay but per cent
on deposits conditions in another
town may warrant the payment of 4
per cent
Gov. Bailey did not talk about the
proposed special session. nor did he
the state and national bankers as
serious matter, even though he could
not consider for moment the
proposition that the nationals COM
promise on three per cent interest
limit on deposits.
State Bank Commissioner Dolley,
speaking today of the meeting with
fifteen prominent state bankers held
Wednesday in the governors Office
stated that the meeting developed no
unpleasant or bitter features. The
state bankers made no threats but
merely met to talk 1t over. 1.-The
matter of a special session. said Mr..
Dolley, ''is now checked up to the na-
tional bankers themselves. It is their
next move. They can change their
constitution while the state bankers
cannot change one jot or little of the
law under which they must operate
their guaranty association. If the
three per cent restriction is adopted
by the national bankers then. the
whole trouble will be quickly ironed
out. I trust there will be a sensible
and practical adjustment Of the mat
ter. It would be an expensive thing
for Kansas for her banking interests
to declare war on each other. A spec
ial session is only a last alternative
It is the general belief that if a
special session is called at all 1t will
be done early next week or the week
after.
Attorney General Jackson is
opposed to a special session and be-
lieves that the matter can be adjusted
by state control over the national
bankers insurance charter.