The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-03-15

change National bank. agreed to take
all the ground floor of the gigantic
Woolworth building. How colossal
this building is to be is now impress
| lively suggested by its appearance in
half completed state.
Bankers have been saying that when
| this national bank occupies it's new
quarters, which will be unsurpassed
| by any other in New York city except
! ing one, it will have been enlarged
through the purchase of one or two
other national banks. These pur-
! chases will be made in good faith and
without any pyramiding methods such
as characterized the control of Charles
W. Morse of chain of banks.
But, in addition, it is the under
standing among bankers that the in
terests associated with Mr.. Woo1worth
are to bring into one great trust in
stitution at least three, and possibly
four, existing trust institutions. This
greater trust institution is also to have
offices in the Woolworth building. SO
that when completed this building will
be the home of two very large banking
companies, one operating under fed
eral and the other under state char
ters- 1t is inevitable that purposes of
this kind should occasion a great deal
OF discussion in banking circles here.
1t is discussion far different from
that which followed the adventure of
Charles w. Morse into New York
banking activities. 1t does look, how
ever, like a great combination of bank
ing capital located at a point of con-
siderable distance from the financial
district.
The Talk of Hughes.
There is great deal of GOSSIP
centering upon the possible utilization
of the name of Supreme Court Jus
t1ce Charles f. Hughes as that of
man who in his ability and personal
character would be able to bring all
factions of the Republican party
back into steady step and line.
Much of this gossip has been heard
in New York state, and there has I'M
doubtedly begun a tentative move
ment here which has for its object
the naming of Justice Hughes as the
compromise candidate for president.
The argument chiefly used is that
Hughes will surely be able to carry
New York and probably a majority
of the doubtful states, while those
who are now agitating this Hughes
movement profess to be in doubt as
to whether either Taft or Colonel
Roosevelt could obtain a plurality of
New York state votes al the election
next November
But if Justice Hughes is nominated
for president the nomination will be
made in spite of himself, and will be
the result of spontaneous and ire
preSsible feeling at the national Re
publican convention. Hughes closest
friends in the city have received in
timations that in case anything be
done which would cause a suspicion to
arise that Justice Hughes was being
groomed for the nomination he will
put an emphatic stop to the move
ment.
If there were no other reasons for
such action there is one which is all
sufficient with him. When he became
justice of the supreme court he was
a poor man. What little capital he
did possess when he began service as
governor of New York was consider
ably impaired by his expenses. As
Justice of the supreme court he will
receive a salary of fourteen thousand
dollars a year and can retire at 20
on full salary. If he were nominated
for president he would be compelled
to resign his present office. If he
were defeated he would have to be-
gin Lis professional career over again.
HOIlI.AN ND.