The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-12-30
BANQUET FOR DOLLEY.
Treasurer Copeland of Santa Fe Com.
mends Bank Commissioner.

While the governor is engaged in a
controversy with President Ripley of
the Santa Fe railroad his bank COM
missioner, J. n. Dolley. is exchanging
the compliments of the season with
Z. L. Copeland, treasurer of the Santa
Fe. The treasurer wrote Mr.. Dolley
plimenting him on the efficient
manner in which he is conducting the
states banking department and Mr..
Dolley replied by giving the Santa F'e
common and preferred a big boost
Mr.. Copeland's letter is as follows:
Il desire to congratulate you upon
the manner in which you are endeav-
oring to make your office most val
liable to the people of the state of
Kansas.
your work naturally places you in
very close touch with the financial
condition of the state. through the
various banks, and I believe the cor
respondence you have solicited, as to
whether certain investments are good
ones for the citizens of the state, is
q work which will prove very benefi-
cial to those who take advantage of
your office to give them information.
Il believe the esta blished corpora
lions of the state, economically man
aged and showing a fair revenue on
the investment, should receive the
support of the people of the state, who
would thereby be helping to build up
interests closely allied to their own
prosperity.
"A Kansan having 500 or $500 to
invest could buy preferred or common
stock of the Atchison, Topeka & Santa
Fe Railway company, which would
pay no taxes, as the railway company
pays them, and from which he would
receive a dividend of or 6 per cent
per year on the investment. He would
also be able to sell the stock at any
time if he desired to use the money in
some other way. During the past six
months / have purchased several hun
bred shares of Atchison stock for Kan
sas people who considered it a good
investment
Attorney General Wickersham at
Washington, in recent Interview
states that the records of legitimate
corporations, as now published, are ac-
ceSSible to the public, and that there is
no reason why the investor should not
understand the value of purchasing
stock in corporation fully established
rather than to accept the statement of
some promoter of a wild cat scheme.
IT hope your department will keep up
the good work and educate the people
of the state to place their money where
the principal is secure and a fair in
come can be counted upon; and 1 think
the editors of the various newspapers
over the state who have given you as
serve a great deal of credit
Dolley's Reply to Copeland.
In his reply to Treasurer Copeland,
Commissioner Dolley said:
Il was very glad to hear from you
on the subject of this department be-
ing in touch with the financial condi-
tons of our state through the various
banks, and as to our finding out
whether certain investments were good
ones for the citizens of the state. We
are putting in a foundation for great
work in this line, and it means Kansas
money for Kansas investments to aid
the fellows who have honest undertake
ings but not one dollar for the dis
honest ones.
ST agree that no better investment
can be made than in Atchison, Topeka
& Santa Fe stock, which brings good
returns in the way of dividends. I Will
be glad to assist you along this line in
any way I can"