The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-05-12
HELP The farmer
Bankers Opportunity Lies in
Directing Crop Methods.
Central Bank of Kansas Adyo-
Gated by J. d. Joseph.

sauna, Kan, May 1.-THE Kansas
bankers opportunity lies in directing
the methods of farming, in spreading
the gospel of auxiliary crops, and the
many adjuncts to wheat that are
proving profitable, A. w. Wilson, of
Ness City, declared today before the
annual convention of the Kansas
Bankers association. Mr.. Wilson
spoke on '"The Banker and the Wheat
crop, and emphasized the value of
diversified farming in Kansas
me bankers can confer a great
raVor on the chronic ground skinner
and exclusive wheat grower by insist
ing that out of every two dollars loan
| ed by the bank, one dollar will be
invested in other lines of farm busi-
| ness" said Mr.. Wilson. 'It is sur
! prising how quickly some of these
energetic wheat spectators will build
up a substantial basis for credit when
| heId down to reasonable limits and
| encouraged to pay attention to other
lines of profitable enterprise offered
by the Kansas farm. The man with
milk cows and a silo, some hogs and
brood mares. is a safe risk and when
| borrowing to put out wheat need not
| be feared, but the man who wants
money for seed wheat and enough to
i've on while the crop grows cannot
| be entertained by the careful bank
ers We must not lose sight of the
distinction between 1oaning money for
! IL
living expenses
| Take Risks on Wheat.
"It has been asked and think
fairly, should the banker not he will
ing to risk something to encourage our
/ greatest industry? 1 would answer
That he should, but he should use his
judgment and know that he is en-
| couraging wheat growing and not
speculation in wheat and further,
since he is loaning other peoples
money, he should confine his risk to
the profits account I advise loaning
money to buy seed wheat with a mort
gage back on the crop, where the
moral risk is good and the applicant
has prepared the ground in season
and given evidence of being able to
make a living while the wheat grows.
Also that advances be made for nee
| essary harvest expenses. Such ad-
vances can be safeguarded. This, I
believe, is as far as we should go
sight, and it is far enough to let the
wheat grower through"
Create Reserve Bank.
J. d. Joseph of White Water, Kan
sas, advocated the creation of a Bank
| of Kansas, that would be a reserve
bank. state depository and land
loan bank, today before the convention
of bankers in an address on THE Flu
ture of the State Bank"
why not have our own reserve
bank? Why send our reserves to
Missouri, Illinois, Pennsylvania. New
York and Massachusetts? Mr.. Joseph
asked the bankers. 81 favor a Bank
of Kansas. Make the Bank of Kan
sas an accumulative time certificate
bank. Each of you can issue accum-
ulative time certificates for yourselves
and for your agent the Bank of Kan
sas, instead of allowing that class of
business to go to the building and loan
associations in the name of deposit
stock and to life insurance companies
in the name of investments insurance.
| 1.-The national and state banks have
! been in the past more or less antago-
nlstic to each other and in my judg-
ment will continue to be until one or
the other dominates and controls all,
or practically all, the banking re-
sources of the country
1.-The Federal Reserve bank, in hav-
ing the right of issue and an enforced
membership OF stockholders and de-
! positors, have an advantage that may
| ultimately eliminate the state bank. 1t
| was, no doubt, part of the purpose
of the reserve act, or at least some
| of its provisions, to enforce member
| ship of the state banks or subject
them to dangers and losses.''
Mr.. Joseph pointed out that the fed
eral reserve board is to all ends and
| "a Of