The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-05-26

q
| bas been accorded all sorts of conven-
tons. from a bankers meeting up to a
Political pOvEOW, is a matter Of his
/ try, and has been passed upo1 by the
/ supreme court
with her excellent railroad facfIi-
ties. ample hotel accommodations and
warm hearted people, Topeka is an
ideal place for the gathering Of the
clans. & fact evidenced by the large at
teTldance at this convention It is a
Short-sishted economy for any bank.
whose expense account fails tc show
/ that some OF its officers are at this con-
yentions and are missing a mighty good
time in addition We're glad to be
here because we're here.
President Goebel's Address
President P. W. Goebers address,
which received the hearty approval of
was in part as follows:
The closing year presents many
paradoxes; it may be termed as hav-
ing been both usual and unusual, quiet
and stormy, showing gains and losses,
but in the final audit, a year yielding
an agreeable and satisfactory balance
on the right side of the ledger
The Kansas Bankers association
has always stood for the best interests
of the bankers in the state of Kansas
regardless as to whether they are
working under a state charter or fed
eral charter
The great majority of the members
have always been state banks and all
the officers who have had in charge
the destinies of the association have
ever been mindful of their trust and
have Iabored in behalf of all the banks
without distinction or discrimination,
hut IL seems that a number of state
bankers concluded that the interest Of
the state banks, especially, could be
better served by a separate association
consisting of state bankers only
IaTI in oft
in July last such an organization was
effected. The officers of the Kansas
Bankers association believe In perfect
freedom of action OF all its mem bers
sociation they think will help the
banking interests of our great state
and put the business on a higher plane,
and for that reason. during the entire
personally, criticised this movement, in
spite of the fact that the officers of
the new association said many unkind
things Of the management of the Kan
sas Bankers association and made
some statements in regard TO the con-
duct of some OF the associations work
which were misleading
Surprised at Criticism
ST was especially disappointed that
SO polished a gentleman as the presi-
dent Of the Kansas State Bankers
association should make statements
and use the language In4I ne QIQ III
his letter Of q recent date
1T is indeed gratifying that our to-
tai membership Of Kansas banks is as
great at the opening of this ccnven-
ton as it was at the opening Of the
convention a year ago.
The Kansas guarantee law became
effective June 80. 1903. and by Deem
Der when the law was made inopera-
tive by an injunction of the federal
court, four hundred and two of the
state banks had been admitted under
the law
.-The principle of the guarantee de-
pcsits under the law has not been
finally passed upon by the highest
courts. The laws Of the states Of Ne
braska and Kansas were held uncon-
stitutionaI by the lower federal courts
and the state authorities were en-
Joined from carrying out the law
within the last ten days the United
States court OF appeals reversed the
decision OF the lower courts and the
kansas law viii be continued in force
Is 1t a Necessity.
Whether deposit insurance of any
kind has come TO stay depends entirely
upon the proposition as to whether it
IS a commercial necessity. 1 have
never been convinced that It Is. nor
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