The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-05-28
DOLLEY IS BACK.
state Bank Commissioner Enjoyed
Bankers Convention.

State Bank Commissioner ]. N. Dol
ley and Capt W. S. Albright, his as
sistant, returned early this morning
from the state bankers convention at
Wichita. Mr.. Dolley declared it was
the greatest meeting of them all. One
/, thousand delegates were present and
on the occasion of Mr.. DoIley's speech
Wednesday afternoon, 1900 persons
were assembled in the auditorium of
the magnificent ConSistory building of
the Wichita Masonic fraternity. This
large audience paid close attention to-
the long address made by the state
bank commissioner in defense of the
bank guaranty law.
Mr. Dolley left his manuscript at one
point in his speech to reply to criticisms
made early in the afternoon by noted
bankers of the guaranty law. The
speaker declared that the American
banking system of which we were all
so proud, was 100 years behind the
times; that the Bank of England, the
greatest financial institution in the
world, had the guaranty of the govern
ment of Great Britain behind it. He
said that the guaranty zone in the
across the country from the gulf to
Canada, as Texas. Oklahoma, Kansas,
Nebraska and South Dakota had all
adopted guaranty of deposits laws.
Mr.. Dolley enjoyed the convention
very much and spoke in praise of the
hospitality extended by wichita
Capt. Albright told Of the big ban
quet served in the Masonic banquet hall
Wednesday night at which 720 guests
sat at the festive board. W. Y. Nor
gan of Hutchinson ofhciated as toast
master and Eugene Ware was among
the speakers. The wit and jollity of
| that board almost rivaled the good
cheer offered by the Saturday Night
club at Topeka last night. Capt Al
bright today repeated a number of new
| and funny stories told by the bankers
and their friends during their hour of
| relaxation at the banquet board.
| AT the Wednesday morning session
bank guaranty laws received drub-
! bling at the hands of Arthur Reynolds
| OF Des Moines, Iowa, who characterized
| them as unsafe, impractical and said
he was willing to go on record with the
statement that they would eventually
prove q boomerang against both the
people and the bankers.
W. NJ. Peck, president of the Kan
sas Bankers association, went even
further than Mr.. Reynolds. He declar-
which was quoted in the press dis
patches Wednesday. that There re-
mains but one other subject concerning
| us as bankers which 1 desire to speak
Of In Kansas we have had our grass
hoppers. our long. unbroken drouths,
our be-whiskered PETER, our Mary
Ellen Lease, our Carrie Nation, and
now have the latest and greatest of
them all, our Ddnk guaranty law.
with its politics perhaps we should
not concern ourselves for we all know
that schemes are often concocted by
men who know better. simply to get
votes for the purpose of maintaining
| office and power. The name itself is
de1usive and false. There never was
| a holder case of false pretenceS per-
petrated upon the people of this state
| than giving the name of guaranty to
that act. There is not guarantee or
!, in, 10 10 n MT
| it to be called by that name, we bank
ers might Just as we'll ask our Gus
toners to attach a. two cent postage
stamp as collateral to "a loan of $50
as to tolerate this law That the peo-
pie think they wafntedit hold to be
no excuse for their legislators who well
know that its final end viii be worse
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