The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-09-06
MONEY IS ''EASY"
Forty Bankers After Institu-
lions in Kansas.
Prosperity in Western Counties
Breeds Banks.
DAY OF CHARTER DISPUTES
Dozen Applications Involved in
Morning Row.
IncOrpOratOrs and Stockholders
in Attendance.

Nearly forty bankers, farmers. bust
ness men and lawyers, from western
Kansas towns. came to Topeka today
to attend a field day dispute concern
ing bank charters before the state
charter board. A dozen applications
for new banks were involved and in
nearly every instance there. is a con-
test or dispute concerning the estab-
lishment of new money lending in
stitution. All of the proposed new
banks are in Sixth and Seventh dis
trict towns
Some of the prominent bankers in
western Kansas are in Topeka this
afternoon watching the proceedings
before the state board. An all morn
ing session of the board decided dis
putes in but two towns and a number
OF fights were listed for the afternoon.
1ncorporators and stockholders of the
new banks were either in attendance
during the hearings or were repre-
| sented by attorneys.
One of the most stubborn bank
rights of the day comes from Ellis
worth. Efforts to organize the Els
worth State bank with capitalization
of $4,000 brought down the wrath of
established banking institutions in the
town and district and both the men
came to Topeka prepared for a finish
| battle.
Prosperity Is Responsible.
| Prosperity in the western counties is
| responsible for the heavy demand for
new banks. The 1914-15-16 wheat
| crops have boosted the bank deposits
tc the point where new records are
established and zeal to win some of
the rich profits has resulted in a flood
OF applications for bank charters. Rec
ords from a number of the banks in
the western counties show heavy loans
ana discounts and unprecedented
| earnings for the stockholders
Ellis county men today won A
charter for a new bank in the town of
Ellis Two old established banks are
carrying more than a 1.alf million
doilars in deposits in the town OF
LOU people. More than seventy per
cent of the deposits are working, the
testimony showed. The new bank is
the Farmers State bank, with a can't
talization of $4,000.
Two new banks were wanted in the
| little town of Denmark, Lincoln coun-
~. me applications have been Def IRE
| the poard on former occasions. TODAY
the charter board followed its former
course and. denied both applications
New Bank at Weskan.
A new bank will be established al
| Weskan, Wallace county under action
of the board. Members of the board
today approved the application for a
chditer LOT the WeSkdn State bank
| capitalized at 100000
Other charters sought today by pro-
| posed Kansas banks are:
| Citizens State bank, Hunter, Mitchell
county. Capital, $4,000.
Ellsworth State bank, Ellsworth,
Capital, $4,000
Quinter State bank, Ouinter, Cove
| county. Capital, $4,000.
| Croft State bank, Croft, Pratt conn
| ty. Capital, $4,000.
Farmers State bank, Plains, Meade
county. Capital, $4,000.
Farmers State bank. Luray, Russell
county. Capital, $4,000.
Farmers State bank, Croft, Pratt
county. Capital, $4,000
The work of the charter board NAV
not be completed until late this eve
ming