The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-05-07
STATE BANKERS
(continued from Page one.)

Give your time and money freely,
President Sweeney urged. What if
you do not add to your surplus dur
ing the war? What is that in COM
parison to the service of our willing
boys who have given up their plans
for the future, have dropped their
work in school, farm or industry. have
said goodbye to the sweetest girl on
earth, have left home and mother,
have given up everything in a bust
ness way that they may make living
wall to guard your liberty and mine,
Your property and mine, the lives and
sanctity Of your wife and daughters
and mine?"
Breckenridge Jones, president of the
Mississippi Valley Trust company of
st. Louis. was the star attraction on
the days program. Jones spoke this
afternoon on state Banks VS.. the
Federal Reserve System" His speech
covered in detail the many phases and
various objectionable points of the
federal reserve act in its present form.
Urges Law Amendment.
In his speech the st. Louis banker
request to the state congressional dele
cation asking support of amendments
to the law now pending in congress.
THE law is driving or tends to drive
from the directorate of hundreds of
banks some of the strongest and best
declared. Its present Objectionable
feature lies in the fact that it is al
most impossible for a man who owns
a dollars worth of stock in an indus
trial plant or large corporation to ac-
cept a place on the board of directors
of any bank operating under the fed
eral reserve act By accepting a place
on the board of directors, this man
bars the doors of the bank against
lending a dollar to the corporation in
which he owns stock
Jones urged that the present objec-
tionable feature not only tended to
make the system bunglesome and in
operative. but in large measure de-
feated it's own purpose. He went
carefully and thoroly into many de-
tails of the new federal reserve sys-
tenn. He said congress has already
strengthened the law by amendments
to the original act. Further remedies
are needed-principally the objection
able directorate clause-before the
law would be made generally accept
able.
A number of the state bankers at
the discussion of the federal reserve
system as outlined in the Jones speech.
The discussion was led by c. C. K.
Scoville of Seneca, president of the
Citizens State bank, and one of the
prominent bankers in the First dis
trict.
Phases of the state bank guaranty
law and it's application will be dis
cussed late today by Senator Walter
z. Wilson, state bank commissioner.
J. D. Joseph. former state senator
from Butler county and president of
the Bank of Whitewater, will speak
at the afternoon session on THE
Bank of Kansas"
Ladies attending the convention will
be the guests of Topeka ladies at 4
o'clock this afternoon when automo-
biJes will take the visitors to places
of interest in the city. There will be
TO night meeting. Instead bankers
and their wives will be guests at a
theater party.
The meeting of the state bankers
will be concluded Wednesday after
noon. Officers will be elected and a
place selected for the 1919 conven-
ton as a closing feature of the two
day program.
Officers OF Association.
Officers of the association include:
Thos. J. Sweeney, president, Lawrence
Emery L. Wickizer. first vice president
Geo. W. Hanna, second vice president
r. J. Grover, secretary. Arkansas City.
Ben c. Bond, treasurer, Junction City
Members of executive council are:
c. L. Burns. Hoyt.
q. F. English, wathena.
J. B. Ross, Baldwin.
E. Otis Perkins, Lawrence
w. r. Coffey, Dexter
8. NJ Smith, Girard
NJ. L. Leatherwood. Council Grove.
!. r. Anspaugh Gridley
W. W. Ramey, Manhattan s.
| Senator r. r. Bergen. Summerfied.
s. A. johnson, Topeka
Chas. Downey, Co1lyer.
F. w. Cooter. Hutchinson.
r. F. Krause. La Crosse.
Jas. McC1uggage Rose Hill.
c. r. C1aassen. Newton.
G. n. Prouty, ex-president Kansas CITY
G. c. Scovil1e. ex-president Seneca
NJ. B. Light. ex-president Winfield
VIM. Macferran, ex-president Topeka.
VIM. Wayman ex-president. Emporia
Walter r. Wilson, ex-president Topeka
John II. Wagner. ex-president. Larned.
J. L. Raines, ex-president. Perry.