The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-05-26
DOLLEY'S SPEECH
Bank Commissioner Addresses
Kansas Bankers at Wichita.
Feature of First Days Session
of State Convention.
THE GUARANTY LAW
Mastery Defense of It's Princi-
pies and Protection.
Record Breaking Attendance to
Hear Its History.

Wichita, Kan, May 26.-The TWEEN
ty-second annual convention of the
Kansas Bankers association convened
here this morning. The attendance
is larger than at any previous conven-
ton in the history of the association.
Banking laws recently enacted have
aroused the bankers of the state to the
need and benefit of meeting in conven-
ton to talk it over and hear the views
of others on the matter. There is great
interest being taken in today's session.
The feature of the convention was
the address on New Banking Laws"
delivered by State Bank Commissioner
J. N. Dolley this afternoon.
Mr.. DoIley was speaker in. the last
house of representatives which passed
the banking laws and is also banker
himself. His address was a mastery
one in which he covered every phase
of the new guaranty law and upheld
its striking features as progress along
the lines of safe banking and public
protection. Mr.. Dolley'S speech In part
was as follows:
at is useless to say that am highly
pleased to meet with the bankers of
Kansas on this occasion their twenty
second annual convention, and to meet
with you here in the beautiful city of
Wichita. 1t is needless for me to say
at this time that I am proud of the
Kansas banks and the Kansas bankers,
both state and national. do not be-
lieve there is a commonwealth on the
civilized globe that has a more SOUND,
solid, progressive and successful lot of
bankers than has Kansas. Much
credit is due them for the creditable
part they have played in laying the
Foundation and building the solid
superstructure of our great state, and
it gives me great pleasure to bring you
this greeting. Never in the history of
the state have our banks been in such
a sound, safe and prosperous condition
as they are today. I am proud-we are
all proud-of everything pertaining to
Kansas; proud of her rocks and ril1s,
her virgin and productive fields and
rolling prairies, and above all, her
splendid citizenship.
kansas has accomplished more
within the same number of years in
the way of everything that goes to
make up a great commonwealth than
any other commonwealth on the face of
Gods universe.
Kansas Has Many New Banking Laws.
ct am on your program today to
speak on the subject of the new Kansas
banking laws. We have several of
them of more or less Importance, the
results of the recent session of our leg
islature. l presume that Kansas banks
and Kansas banking methods have
been discussed by the people of our
SldlG anu the press more curing the
past three or four years than they have
been during the entire previous his
tory of the state. 1 will discuss these
laws briefly"
Mr.. Dolley then outlined briefly the
more important of the laws affecting
the management of state banks and
enforcing rigid regulations and new
duties upon the directors. Referring
to the law which empowers the bank
commissioner to strictly enforce the
a h.9 nj ir1c Low
New Banking Laws Will Be Enforced.
ANY bank commissioner who shall
knowingly and wilfully permit the
violation of any of the provisions of
this act for a period of ninety davs
by any bank doing business under
this act may be punished by a fine of
not exceeding one thousand dollars
and imprisonment in the county Jail
for not exceeding one year, and in
addition thereto shall be removed
from office by the governor. This
provision is very farreaching, and Won
can readily see that it behooves the
bank commissioner to require the
banks to live strictly up to the law.
1t is commonly known that in the
past the state bank commissioner has
been content with calling the attention
of the banks in Kansas to violations
of the law, and they have usually
promised to discontinue the practice
regret TO say, however, that these
promises have often not been taken
seriously, and have been broken.
wish to say that I do not think it
right and I cannot permit violations
of the Kansas banking laws, especial
ly with the guaranty law in force
which places any loss that may occur
upon the solvent banks to paw: and
wish to say emphatically, at this time.
to the bankers of Kansas, that the
laws must be literally and technically
obeyed in the future. 1 am thorough
~ convinced that if our splendid
banking laws are administered and
obeyed properly there need be no
bank failures in Kansas"
Guaranty of Deposits.
There is one more important 1au,
passed by the recent legislature.
known as the Bank Depositors' Guar
anty Law" of which so much has
been said pro and con, earnestly and