The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-05-26
BANKERS HERE IN FORCE
Continued from Page one)

Continued from Page one)
have I ever feared any disastrous re-
suits from the operation of our state
law, because examinations as conduct
eo now. make great number of dis
astrous failures almost impossible.
Inc banking law of the state of
Kansas is undoubtedly one of the very
best in the United States. 1t compels
directors to direct
The era of speculation upon which
we entered several years ago has also
continued during the year and mucn
OF our surplus has gone into Specula-
tive ventures within and without the
state: l am not pessimist, but I be-
neve 1t is the duty of every good bank
er TO caution his clients against specu-
iatlve ventures and to draw their at
tent1on to disastrous results of similar
ventures in the past.
While crops were not as great last
year as they eve been some previous
years, yet the money value of these
crops was greater than it ever had
been in tt history of the state
THE total deposits in the state and
national banks of this state on March
18th and April 1st were $195,037, 394.76.
the highest in the history of the state,
and there were also loans amounting
to $51, 252, 1906 This expansion of loans
has been the same all over the coun-
try outside of New York, and the re-
suit is close money market, which
tn1nkl Will continue for an indefinite
period"
Looks Bright, Says Hadley.
That the entire nation and especially
Kansas is on the highway to prosperity
and that Thomas E. Wagstaff is going
to make Ii mighty interesting for Gov
crnor w. R. Stutbs, in the August pri-
mary, are opinions held by w. S. Had
ley, Of Wichita. Mr.. Hadley is presi-
dent Of the Citizens State bank
of that cifV we'll nOSfad af-
fairs in this state. His bank does a
very large business and he has been in
position to sound some 1,200 business
men as to business and politics. Mr..
Hadley is taking a prominent part in
The State Bankers convention, which is
in session here today.
Il find a big improvement in BUSH
Hess conditions said Mr.. Hadley,
when seen today, land all classes seem
to be prospecting Business is good in
1T is the same all over. learn from
farmer friends that the crops will be
good this year and this means a whole
lotto the people of our state. When
the farmer has money. everybody gets
along. A hard year for the farmers
means a bad year for business people
in general.
There is only one sign do not like.
That is tho borrowing of SO much mon
ey, to be put into speculative schemes.
Thousands of dollars are being taken
from banks and put into deals, the
outcome OF which no one can see. Dur
irg the last 60 days we have turned
down many offers of business because
of this fact and shall continue to do So
This country. had somewhat of panic
a very few years ago and business
people should be conservative. If this
is done there is absolutely no reason
why Kansas should not continue her
onward march growing richer and rich
sine moves forward -
He Is for Stubs.
Speaking of the state political situa-
ton, Mr.. Hadley said: 81 am for Gov
ernor Stubbs. because think he is a
good man, but I must confess that
things do not look very bright for
Stubbs just at this time. The young
| ren all over the state are rallying to
Wagstaff and it is but natural that
| they should do So. am against Wag-
| staff but I must say that he is clean,
| honest and able. The great trouble with
! Governor Stubs, is that he does not
Sc EN- to appeal to the young country
| voters. It is certain that the governor
VIII nor get much of a vote in the
cities. The young man in the cities of
| Kansas do not like him and will work
against him. If Stubs can not hold
the farmer he is lost.
"a majority of the bankers of this
state are doing everything they can to
help Wagstaff along. The truth is that
| Governor Stubs has but few friends
among the bankers of Kansas. The
majority of the banks in our associa-
| ton is working to defeat Kim, and will
continue to do So if I am not greatly
mistaken. I have talked with many
business men. in all lines. and from
what 1 have gathered. it looks as if
| Wagstaff will poll the majority of the
business vote. am the governors
/ friend and will assist him in every pos
| sible way, but at this time I am very
| uneasy as to the result.
I'm some sections of this state Wag-
staff will poll three votes to the gov
i ernor's one. Why? Simply because
the bankers and business ceople are,
as a whole, opposed to him and his
methods. 1 expect Sedgwick county
to go for Stubs by about 400 or 500
majority. In West Wichita the gov
ernor is running strong, but the city
| is in doubt. The Wagstaff forces are
getting ready to form a club in Wich-
tia and Sedgwick county and will work
hard to elect their man.
"Of course, the conditions which I
speak of are those of today and may
change. Nobody is in a position to see
how matters will stand the closing
days of the campaign. However. Gov
! err1or- Stubs. can count on strong OPP
position from the majority of the
banks in this state from the business
"Le CheVdIe7.