The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-03-05


gument of the Ku Klux Khan OF the
south during reconstruction days. II
people will not forget however, that
the animal that is hit, is always the
one to yelp, and that nothing hurts
like branding with the truth.
GEO. A. NEELEY.
Hutchinson, Kan, March 4.
Senator Fred Quincy of Salina was
q Topeka visitor today and, as usual,
had few interesting things to say
about politics in general and as re-
CARDS the Fifth district in particular
Senator Quincy is an original Judge
Rees booster for congress. He can
see nothing to it but the judge Lines
are pretty well drawn already in the
congressional fight in the Fifth. &C
cording to Senator Quincy. and every
thing points to the overthrow of Con-
gresham Calderhead. Judge Rees will
make an aggressive campaign in every
township in the district and his friends
are working now with confidence and
vim. That there is hard fight ahead
tearing down the old order of things
and breaking the cogs of the old con-
gressional machine. Senator quincy
does not deny. Calderhead has many
friends who will again rally to his sup
port. The present congressman is able
and fearless. He has never lodged
the tariff and Cannon issues and will
make his campaign squarely on the
Taft administration issue. If he is
beaten 1T will be by the strong insur-
gent sentiment of the district. The
square dealers have as high hopes of
the Fifth district coming into the fold
as for the First Second or Fourth.
The Third district is about conceded
to Congressman Campbell again. This
Is the machine district of the state.
Arthur Cranston of Parsons, the square
deal candidate in the Third, is not we'll
enough known or strong enough to
beat the popular and clever Campbell.
This is admitted by the square dealers.
Senator Quincy has some original
IDEAS about the postal savings bank
plan now being debated in congress
and advocated by President Taft. AS
Senator Quincy is a banker himself
and square deal leader, his opinion
ought to be worth something. The
senator Is a friend of bank guaranty
of deposits by the state and played
an important part in the shaping of
the late lamented guaranty bill dur
ing the last legislature. Speaking of
the Taft bill before congress, he said:
''It seems to me that the president,
after condemning guaranty of bank de-
positS by the state as unsafe and in
sane and dangerous. is advocating the
guaranty of deposits by the nation.
postal savings bank is established the
national government will have to guar
antee its deposits. and the states will
each one have to stand back of the
of property in their borders. It all
comes to the same thing. Only the
nation supervises the operation instead
of the state. Mere matter of form is
all. No difference in principle.
"Then another thing. If the postal
savings bank plan advocated by Pres
ident Taft in his New York speech is
carried out it will contract the cur
posted in postal savings banks is to be
converted into government bonds, ac-
cording to the plan now. This money
will then be withdrawn from the chan
pels of business. Now the state guar
anty plan did not tend to take a dol
lar out of circulation, but the banks
themselves were compelled under its
provision to guaranty their own depOs-
its to the state. If the Kansas idea was
a wild one, as the president has said,
then the national idea is just as wild
and will inf1ict more injury upon the
country at large"
Bank Commissioner ]. N. Dolley,
himself a banker, is rather in favor
of the central bank plan as a remedy
for our present inadequate currency
system, but is opposed to the postal
bank idea But Mr.. Dolley would
have this central bank located several
miles west of Wall street. He believes
that central bank controlled by men
from every section of the country and
along lines that would not
tend to suppress or destroy individual
banking in the country, would come /
nearer solving the currency problem
than any plan yet devised.
Mr.. Dolley argues that a central
bank located in New York would be
B. curse rather than a blessing, and he
gives a few reasons. The most i'm
portant of these is the citation of the
contrast between the total deposits of
all the state banks in Kansas as COM
pared with the deposits of one of the
big banks of New York city. They
Just about balance. The total deposits |
in all our state banks are about 100 |
while one of the New York |
city banks has over 100 millions on
deposit at this time. Money is power, |
and Wall street already has too much. |
When the showing Of deposits of our |
state banks alone is considered only |
half the depos of the banks of the |
state are set forth for those who run |
to read. The call for the state banks |
for statements is never made at the |
same time that the comptroller of the |
calls for similar statement |
from the national banks, therefore the |
grand total can not be considered at |
one time. But this spring Commits
figures for the national |
banks of Kansas as a result of the |
January call and he gives them out at |
his time. The total of deposits in the |
1dI1Ond1 DdnkSs dCCOTQluS 10 These uB-
Tres is $89,841, 06S. Add to this the |
.otal of 100 millions as shown by the |
December call of the state banks and |
he great total of Kansas bank de-
oosits is 189 millions available for the |
1rst time in a lump sum. The show
ng is much more impressive when /
aiken all together. There are 825 /
state banks in Kansas and 212 national
banks.
Here is a brand new one on the
senatorial ambitions of Gov. Stubs:
it has been contended all along by |
he governor and his friends that he /
had never announced himself as a /
candidate for the place nor even
stated that he was after the toga. A |
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