Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1917-02-03
HOUSE PASSES
THE BANK BILL
Measure Reduces Legal Rate
of Interest From 10 to 8
Per Cent.
PLAN A STATE RESERVE BANK
Institution Proposed by Senate Bill
Provides for Dividing State Into
Banking Districts.


Topeka.-The Kansas bankers lost
a hard fight in the house when it
adopted the Wilson Bill, reducing
the legal rate of interest from 10
to 8 per cent. The bankers tried
everything to stop the bill. They
sought to have it sent to the bank
ing committee. and a member
of that committee declared on the
floor that it would never see the light
of day This failed. Then the bank
ers tried to load the bill down with
amendments By this time the house
noticed the. frantic efforts of the bank
ers to defeat the bill and laid for them.
Not an amendment was permitted, and
the bill was sent to third reading
without change. The bill provides
that if more than per cent per an
mum is charged for the use of money
in Kansas the bank or loan agent
forfeits the interest and 25 per cent
of the principal a penalty.
Bankers from all parts of Kansas
were on the floor helping in the fight
ON the bill. They left the hall smiling.
and declared it would never get
through the senate. In the debate
Kansas banks had been able to declare
dividends exceeding 40 per cent for
many years, and that one bank was
known to have been able to make over
800 per cent on its original invest
ment in less than five years.
A bill to establish Kansas bank,
similar to the federal reserve bank,
but applicable only to the one thou
cfaf 70 introduced
by Senator Bergen of Marshall County.
Under the bill, the governor is to
appoint two state bankers to act with
the bank commissioner in organic
ing the bank. The state is to be di-
vided into districts, according to the
business needs of the different sec.
tions and branches of the Kansas
bank are to be opened in the business
centers of each district.
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No n. c. l.. Probe.
There will be no investigation of the
high cost of living in Kansas. The
house sat down hard on the resolution
calling for such a move. Harvey of
Clark county, the author of the resolu-
ton, called it up and moved that it
be adopted An amendment was Of
fered that it be tabled and it carried
by an almost unanimous vote.
r. r r
Gives Dave Leahy a Job.
David Leahy, better known as
Dave" will become election commits
sioner of Wichita. Governor Capper
has named him for the full Agar term.
Leahy probably knows more Kansans
than any other man.
r y
Plan Kansas Welfare Boards
The Kansas Association of Charities
and Corrections, one of the big organ
izations in charity work, wants every
county of more than ten thousand pop
ulation to have county welfare board
of seven members.
r. r. r.
Students Aid in School Fight
Student Representatives from all the
state educational Institutions met here
recently to form a legislative commit
tee for the purpose of supporting the
Permanent Income" Bill for the main
tenance of state schools.
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X S. 7. u. is Dissolved.
The Kansas State Temperance Union
has been dissolved. In the future the
work it has done will be cared for by
the Kansas branch of the Anti-Saloon
league. 1t was decided on at a joint
meeting of the board of trustees of
the two organizations. The union was
organized in 1866 and it's last annual
conference was brought to an end by
it's dissolution. Members of the union
do not become affiliated with the Anti
Saloon league, although they have Of
fered to help in the fight for prohibit
ton.
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Workmen's Compensation Law.
When the legislature begins to tink
er with the workmen's compensation
act, as it is sure to do. it will open
up a vein of trouble that will last
through the session. There is wide
difference of opinion between employ
ers and employees as to how the law
should be amended.
r r r.
Would Abolish Divorce Proctors.
L. d Moore of Cow1ey county has
introduced bill in the house to abol-
ish the divorce proctors.
r. r r
Recognizes InfantiIe Paralysis.
So that the. disease can be quaran-
tined. Senator Milligan of Anderson
has introduced a bill declaring infan-