The Topeka state journal., 1909-01-09
Guaranty Bank Deposit Law
From New Viewpoint.
Member Who Says That Farmers
Should Be "Guaranteed.'
MIR. GLENN is LOADED.
Has Half Dozen Measures Which
He Will Urge.
Wants to Consolidate Offices of
Probate Judge and Clerk.

A well known southern Kansas
member of the next legislature drift
ed in today, and, after searching out
q quarters where the beds were deep
with feathers and the dining table
groans under it's heavy freight from
the kitchen, he was ready to discuss
impending legislation with the news
gatherer. This member was acquies-
cent as regards the enacting of most of
The campaign pledges into laws, but
he baked at the guarantee deposit law.
He lived close 10 the Oklahoma line
and had had opportunity to observe
the working of the guarantee deposit
law of the new state as it affects Kan
sas people near the border.
Honestly he said. Il expected to
see all the banks of southern Kansas
go out of business when the Oklahoma.
guarantee law went into effect. but L
don't believe it moved a single dollar
across the line. Many Oklahoma peo-
pie, when you ask them about it, re-
gard it as a good political joke. Kan
sas has done pretty we'll without il so
far this winter, as anyone can sec by
glance at the last bank statement OF
Bank Commissioner Albright Say,
that total of deposits in Kansas banks
at this time ought to be enough TO
bury the talk of a guarantee deposit
law as deep as Captain Kidd's lost
treasure.
''I was in favor of guarantee of de-
posits during the campaign. IT sound
ed good, but now I have some revised
notions on the subject. There are a
lot of farmers and business men and
laborers in my county. enough to poll
majority of the votes, and am pre-
pairing a guarantee deposit Dill for
them as well as the folks who deposit
money in banks. My bill is merely
the continuance of the regulation
guarantee of deposits law. but 1 am
printing the sequel at the same time
- 80 h rt1 sa 4.
lished. why not? Then the people
can see where the Utopian idea Of
state guarantee will lead TO.
My idea is to have a state guar
jections have you to offer to that2 Is
not the farmer as much entitled to
protection as the fellow who puts his
money in the banks for convenience.
safety and interest payments? When
ever flood, drouth, storm or insect
completely destroy some hard work.
ing and deserving farmers crops let
the state draw on some fat and fortu-
nate farmer in a neighboring county
and balance it between them. Both
will then be happy, the one in giving
and the other in receiving aid in a
good cause. That's the way you are
going to work the bank guarantees
scheme. My idea in regard to the
farmers protecting one another
life on the farm one eternal round OF
pleasure. There is nothing too good
for the farmer. Politicians have told
you that for a hundred years.
"Then take the merchant Surely
he is entitled to protection for he is
the backbone of every town. big and
little, in the state. My plan guaran-
tees protection to business firms. just
as the banks are covered by the man
tie of the state. If a merchant con-
ducts his business discreetly and with
energy and intelligence and yet SUI
fers loss in spite of these he will be
placed on his feet again by the Mer-
chants Guarantee association. The
state will supervise the payment of
money and the admittance of mer-
chants to the organization. as in the
case proposed for the banks. The
business must be in good shape at the
time OF application for membership
and the merchant shall prove that he
is possessed of judgment and ability.
Commerce is the pulse of the business
world. We will protect our COM
merce.
"Then comes the workingman. Who
will deny state aid and protection TO
him after it has been granted to the
banker and depositor? If men OF
money are to have protection then
why should the man who tolls for
of good habits and industry who tries
of good habits and industry who trys
to get work and can prove his claims
is entitled TO mem bership in the Work
ingmen's Guarantee association, and.
# after all his efforts. he can not get
work, he is provided by the state with
firesides, weeping women and children
with pinched faces. No turning in
desperation to paths of crime in order
to get food. Rather a happy home
and an honest, hard working man pro-
tected from misfortune by the state
that same state that protects the
bankers and their customers.
you can laugh at my bill If you
want to. but defy you to show that it
is not as practical and just to the
community at large as the guarantee
of bank deposits All of them are OF
Utopian origin and work out fine in
dreams and fancies. When ] get my
bill drafted and clamped and riyeted
by legal phrase and judicial expedient
I will show you as fine of thing as any
of these guarantee deposit fellows can
produce In legislative debate my
slogan of the farmer, the business man.
and the working man versus the
banker and the bank depositor will cut
enough ice this cold weather to last
all of next summer"
Senator-elect w. N Glenn arrived
in Topeka today to take up his tenn
porary residence and to be present at
the caucuses and attend the Inaugural
ton of Governor-elect Stubbs. Sena-
tor Glenn has been very busy getting
his law practice in shape to leave for
a visit to Topeka. He has also pre-
pared q number of important bills,
some of them amendments to the pres
ent law. One resolution to be present.
ed asking amendment to the constitu-
ton of the state of Kansas, giving
railroad commissioners more scope
and authority. One. providing that
the clerk of the district court and pro-
bate Judge of counties with popula-
same officer and the salary increased