The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-05-24

already spoken for $4,000 and the
Mutual company, of Emporia, has
pledged $4,000.
In addition to this rpyaity invest
ment, nearly 5000 will be dedicated
TO the loan before the session closes
tomorrow night, according to A II.
Plumb. president of the state associa-
ton. The total investment of the or
ganization will probably fall between
SIS, 900 and 100000.
The proposition was advanced this
morning by Charles Sawyer, chairman
of the board of directors of the Fed
eral Reserve bank at Kansas City. 1T
is a duty and a pleasure, too ne
stated, ito subscribe to this loan. AMI
especially is it a duty to bankers.
building and loan associations and
other financial Institutions of the ma
ton"
Handle Bonds Easily.
According to Mr.. Sawyer, such an
investment could easily be handled by
the organization, as a whole, as indi-
yidual members ard as market Tor
the banks customers. No hardship
would be felt as a result or the pur-
chase and the money. which viii prac-
ticallv all be spent in this country. Will
soon DE flowing back thru the ordi-
nary channels of business.
a great stimulation of trade was
predicted by Mr.. Sawyer as result
of the loan. There is not a single
business in financial circles that Will
even feel a depression from the pur-
chase of the loan bonds, according TO
his statements.
Co-operation between the building
and loan companies and the larger IN
surance companies was urged AT TINS
mornings session by Josiah Parker,
representing the Missouri State Lie
insurance company of st. Louis. The
plan for this cooperation has been
highly praised and recommended by
the national organization of loan as
sociations.
The loss of money. time and the
| fortunes of the loan man when he Is
| forced to foreclose on a loan adj
vanced to a salaried man on account
| of death, amounts to millions of dol
| lars each year. The plan to avoid
this loss of time and money is to have
the loan association, In addition to
| advancing money on houses and prop
! erty. loan the applicant money for in
| surance In this way the company is
secure from loss thru death and Will
/ not find it necessary to foreclose on a
mortgage held by the widow and chill
! dren of the deceased
The Opening Session.
The program was officially opened
this morning at 10 o'clock with a well
come address by Bennett r. Wheeler.
of the Capitol Building & Loan as
ISOLATION, giving the visiting delegates
] his jovial permission and his support
| to climb to the top of the state house
dome and to survey Topeka, Lawrence,
| Kansas City and maybe even the
Rocky mountains.
| Speakers for this afternoon are j.
e. Hickey of Lyndon, Kan; and Will
liam Easton Hutchinson of Garden
City The morning session was taken
up with reports of the various COM
mittees. A report of the 1915 meet
ling of the United States league was
given by NJ T. Brown.
Entertainment This Evening.
The nights program calls for enter
tainment only. starting with a buffet
luncheon at the Elks' club house in
honor of the bankers and loan men
at 1870. Then a cabaret luncheon In
their honor was given on the lawn
at the residence of Mr.. and Mrs. G. g.
Elliott,
The real entertainment is the
Bankers special musical and va
riety program. which will be given
at the city auditorium, scheduled for
1915 O'Clock. The program will con-
sist of vocal and instrumental artists
furnished by the Redpath Lyceum
bureau. The entire lower floor of the
auditorium has been reserved for the
bankers. their wives and friends to
whom tickets have been presented
4 (Conffuued Pav Tuol