The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-05-27
A WARNING NOTE.
Continued from Page One.)
In Front Rank.

There has been a wonderful ad-
vancemcnt in the banking business in
the past two or three years." continued
Mr.. Dolley. kansas and Missouri rank
first among the few states which stand
cut progressive in carrying out sci
entific IDEAS in banking. The princi-
pies in banking are the same as in the
days of our forefathers.
Il want to say that banks in Kansas
are in excellent condition, and as far
as l know every bank in the state is
thoroughly solvent. 1 couldn't have
said this a year ago"
Hits Postal Savings Banks.
THE postal savings bank is not in
the interests of the Kansas bankers"
asserted the speaker, land most of you
are opposed to it. It would mean that
a coin collector would be placed at
every cross roads, and that six or eight
million dollars would be taken out OF
general circulation. That would take
the money to the centers of population,
and I would like to see what would
happen if that amount of money were
to be taken out of general circulation
and tied up in government bonds and
other such Investments
Swanger Speaks.
First on the program Thursday after
noon was John E. Swanger, bank com
missioner of Missouri, who compli-
mented Kansas and Kansas banks
THE organization of banking asso-
Citations has benefits to the banking
business and to all other business he
said. I'm this republic of ours we can
not get too close together. We need
bond of friendship and fellowship.
Banking is one of the worlds greatest
callings.- The bank is the reservoir o.
the life fluid of trade. The relation of
the bank to the public makes 1t of inn
portance that it be supervised by the
government. am opposed to the pub
lie ownership of public service corpora
tions but they should have strict gov
ernmental regulation.
"In two years in Missouri there has
not been a bank failure where a de-
positor has lost a dollar. In my state
the banks welcome the criticism of my
department. They frequently write me
letters asking me to, write them
strong letter on overdrafts or some
thing like that. 1 suppose that is true
in this state also. The confidence of
the people is the capital stock of a
bank. Without the confidence it has
no capital stock. This confidence can
come only when people realize that
the bank is on a sound business basis
and is complying with every law"
A session was held during the after
noon by the building and loan section
of the Kansas Bankers association in
the supreme court room. There were
associations and between six and seven
millions of dollars in assets.
Increase in Loan Bodies.
President T. b Brown, of Topeka,
delivered An address which consisted
largely of figures showing the increase
in loan association business during the
past few years.
There are $40 local building and
loan associations IL the United States -
he said, land they have two million
members. The ir asstS amount to S56
million dollars. In Kansas the assets OF
the associations have doubled since
1863 In 1908, according to the report
Of the state bank commissioner the to-
tai assets of the local associations in
Kansas were 81, $40, 1885,. Sc. In 1909 the
total assets We're S6,6T5, 7S0.91.'