The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-06-23

in Topeka. There are others inter-
ested in the bank, it is announced.
The name of the bank will be the
Kansas Reserve State bank
That a new bank was being organ
lied in Topeka has been rumored for
several weeks. Frank P. MacLennan
the prime mover in its organization,
was interviewed last night.
what about this new bank we hear
so much about?" he was asked.
There is SO much talk about it on
the streets that we must print some
tn1ng or 1t in the morning; further
more, there was story the other day
IN the New York Evening Journal and
also in the Chicago Examiner A
number of Topeka people have read
the articles and asked us about the
bank
Well, I hate to tell you, but I sup
pose L will have to. because we really
don't want anything printed unless it
is official. You see 1 am a newspa-
per man first, a business man next and
am just going into the banking BUSH
ness on the side" said Mr.. MacLen-
nan.
You have got me into a nice box"
said he. Here I have been nursing
this story and now you are going to
scoop the State Journal on its own
enterprise. That is what I call piece
of hard luck
THE bank has been started all
right acknowledged Mr.. MacLennan.
Tt was started the last week in April.
But you can't start a bank in a few
weeks: it takes time, but we are now
so well organized that, rather than
have you print anything that would be
a rumor or report, / will have to give
you something officially.
The room we have secured is at
S24 Kansas avenue The option on the
room was taken in May and the for
NAL lease for ten years was signed y
on Monday of this week. The entire
building, with the exception of the
room occupied by the Kimban Piano
company, has been leased for ten
years from it's owner. A. A GODDARD.
who is now putting the room and up
per floors into shape for US. We think
we have secured a remarkably GOOD
location and a good lease. 1t was en-
tirely satisfactory both to the new
bank people and to the owner of the
building.
1.-The capital stock will be 5000, 900,
which is as large a capital as any
bank in this city. In addition, we will
start in with surplus of $4,000 L
am going to be vice president of the
bank. Nothing could induce me to
give up any of my activities or time
from the newspaper, but 1 find l can
devote about an hour a day to the
bank. 1 have averaged more than
that since the last of April without
interfering with my daily newspaper
cidedly strenuous during the recent
days of national conventions and the
present troubles over Mexico. The
hour L am trying to give to the bank
is from 1880 to 1890. Maybe some
times this will be from IL to /, or
from 1880 to 1880, during MONDAY
luncheon.
The cashier of the bank is Earl
Akers, now serving the last months of
his second term as state treasurer an
office in which he has acquitted him
self with great credit, having earned
and fully deserved public confidence.
He is also already interested in sew
eral other state banks, one at Min
nicola, and is the president of the
Peoples State, of Stafford. Mr.. Akers
has been very active in promoting the
new bank since its inception.
The assistant cashier will be Frank
c. Thompson, who until recently has
been identified with the Central Ma
tiona1 bank in Topeka for nearly a
generation. having begun as a boy in
that institution. Mr.. Thompson's
knowledge of the practical and finan-
cial situation in Topeka is intimate
and comprehensive
who is your president? ?" asked the
Capital representative.
We'll, now, that is our big asset
We have a man identified with us of
whom one Of the big financial men of
Topeka said: I regard him as the
biggest and brightest of the younger
men in the banking business in this
state
The gentleman who has accepted
the presidency is Mr.. Ferdinand c.
kaths, prominent citizen of Hutch
inson, Kan, and about 20 wears of
age. He has been il the banking
business all his life, commencing with
the Boatman's bank of St Louis, one
n hn c-fr- l. ~
IN that city He came to Kansas four
teen years ago, and has been identi-
ned with banks ever since He has
! been what is termed the right-hand
man of the Larabee Brothers miller.
and bankers of Hutchinson and Sedg-
WICK, Kan, and other towns The
Larabees are interested in sixteer,
state banks in Kansas
Mr.. kathS is at present cashier of
the State Exchange bank of Hutchin-
SON He has been with this bank
about four years and the bank has
made a wonderful development dur i,r1 :,
that time. now carrying deposits of
about 100000. Mr.. Kaths orpan-
lied the Mineola State hank and. with
MI Akers, is identified with the
FARMERS National bank of Stafford
Kan. At the time when he was ac'
tive in that bank, Mr.. Iarabee testj-
ned, in a court case and is a noatter
| OF record. that the bank was maxine
OF per cent on its capital. If thj9
were a secret, of course, 1 would saw
nothing about it,
MT Kaths stands high with the
state bankers of Kanxas and his roc
ord in the office of the bank comniS-
sioner of Kansas is not excelIed nv
anyone. He is a gentleman of Meas
ing personality and thoroughly bust
nessIke- He is popular with his ac-
quaintances and associates He was
in Topeka few days ago and will he
here again next Tuesday. He is now
arranging his business so that after
July L he can at once give most or ali
OF ms tune to the new institution in
which he has great confidence. Mrs
kathS and her husband will make
valuable additions to the business and
social life of Topeka and will, OF
course, reside here.
| Let me say that this new bank
which will be called the Kansas Re
! serye State hank s crsra