The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-01-22
DEPOSITS INSURED
By the Bankers Deposit Guar
anty and Surety Company.
Both National and State Banks
May Be Insured.
is NOT IN POLITICS.
Banks Must Be Safe and Sound
to Be Insured.
Half a Million Dollars Back Of
the Company.

A representative of the State Jour
nal called at the office of the Bank
ers' Deposit Guaranty and Surety
company, the new 100000 corpora
tion organized to insure deposits in
state and national banks. at its Office
in the Central bank building. and
found the company prepared in every
way to commence the business for
which it was incorporated.
Asked as to the future policy of
the Bankers Deposit Guaranty and
Surety company, e. E. Ames. presi-
dent of the company, said: "The pol
icy Of the company has not changed
since its inception, more than six
months ago. I am glad of an oppor-
tunity to correct an impression that
seems to be general over the state that
it Is a National Bankers Insurance
company The fact is the company was
organized by both state and national
bankers to insure the deposits in both
classes of banks. No discrimination
has ever been or will be made against
either class. Among our stockholders
are some of the most prominent state
bankers in Kansas and nearly every
member of our board of directors is
equally interested in both state and
national banks. The company was
formed as a strictly business propo-
sition and will be so conducted. 1t
will not take any hand in politics ex-
cept it be forced to to protect its BUSH
ness
Men Behind the Company.
The following well known bankers
comprise the board of directors:
w. J. Bailey, president of the State
bank of Baileyville. and vice president
of the Exchange National bank of
Atchison; ]. w. Berryman, president
of the State bank of Haze1ton and the
Stock Growers National bank of Ash
land; W. H. Burks. cashier of the Sc
curity State bank of WELLINGTON; ]. r.
Burrow, president of the State bank
of Agra and the Central National bank
of Topeka; C. @. Chandler, president
of the Citizens State bank of Medi-
cine Lodge and Kansas National bank
of Wichita; c. M. Condor, president
of the c. NJ. Condor State bank of
Oswego; E. r. Fulton, president First
National bank OF Marysville; P. w.
Goebel, president Commercial National
bank and Kansas Trust company. KAN
sas City. Kansas; D. B. Harrison, cash
Ter of the State bank of Downs; Calvin
Hood, vice president of the Citizens
National bank of Emporia, Kansas: ].
E. Jarvis. president of the Cowley
County National bank of Winfield; F.
S. Larabee, cashier of the Farmers
National bank of Stafford; ]. r. Lind
borg, president of the First National
ident of the First State bank Of Lar
ned; W. F. March, cashier of the Mer-
chants Loan and Savings bank and
the Merchants National bank, Law
renee; J. c. Morrow, president of the
First National bank of Washington;
George S. Murphey, president First
National bank of Manhattan; L. L.
Northrup, president Northrup National
bank of lola; J. T. Pringle, president
of the First National bank of Bur-
of
the First State bank of Jennings and
the First National bank of Norton;
George T. Tremble, president of the
Central National bank of Ellsworth;
Willis Westbrook, president of the
First National bank of Peabody; Scott
Hopkins, vice president of the Pru-
Dental Trust company. Topeka, and e.
E. AmeS, vice president of the Usage
County State bank, Usage city, and
the Central National bank of Topeka.
Banks Must Be Sound.
When asked as to the requirements
necessary for a bank to procure insur-
ence with the company, Mr.. Ames said:
1.-THE only requirements are that the
banks assets be good and the man
agement honest and conservative. 1t
makes its application on one of the
forms we send out The bank is then
examined by Arthur Young & Co.,
clearing house examiners. Kansas City.
Mo-, and who by the way are one of
the largest firms of chartered account
ants in the United States. having been
recently employed by the government
to revise the books of the treasury de-
partment at Washington. This exami-
nation is then submitted to and is care
fully considered by the executive COM
naittee of the company, which Is COM
posed of one director from each con-
gressional district in the state. II the
application h approved policy u Is