The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-02-17
in GOVT SYSTEM
House Bill Would Let STATE
Banks i'm Federal Reserve
Committee Measure To Make
False Statements Felony.
WEIGHTMAR ASKS BOULEVARDS
Permit Cities Like Topeka To
Designate Streets.
Beard Seeks q Revision
Garnishment Laws.

Permission to all state banks and
trust companies to participate under
the federal reserve system would be
given by the house committee on
banks and banking. Chairman Fow-
Ter today introduced a bill in the house.
permitting banks and trust companies
to subscribe their capital stock and
become members of the federal re-
serve bank. Banks entering the fed
eral system would be decreed to have
met the state laws requiring the MAIN
tainance of reserves.
The house committee bill does not
restrict in any manner the state banks
and trust companies which might elect
to. come under the federal bank act.
Such banks would be compelled mere
~ to meet the government require
ments and to submit to such xamina-
tons which the federal reserve board
might impose. The state would con-
tinue to maintain, jurisdiction over the
state banks but the records of the
state banking department would be
open to the federal board or its ex-
aminers Powers conferred by the
federal board would be vested in state
banks participating under the reserve
act. The right remains in the state of
Kansas, however to revoke or amend
any OF the powers thus conferred.
False Statements n Felony.
Members of the banking committee
also offered a bill concerning the maxi
| ing of false statements in writing with
the intent to secure credit or to aid
| in gaining discounts or financial bene-
| hts for any person, firm or corpora
! ton Under the terms of the bill the
| making of such statement would be
declared to be a felony when it is
\ shown that the maker knew his state
ment was false. Conviction would
cause the maker of the statement to
serve period of one to five years in
the state penitentiary
| May Establish Boulcyards,
Weishtman of Shawnee county to-
day introduced bill in the house pro-
vidirg for the esta blishment of bouIe-
wards in cities having population of
| from 10000 to 10000 The measure
would affect the city of Topeka aNd
would permit the designation of vari-
| Gus streets and avenues when properly
paved, as boulevards. upon the petition
of 81 per cent of the owners of proper
ty on such street or avenue.
| Creditors May Pool Claims.
| Beard of Sedgw.ck county, wants
| the present garnishment law amended
to give creditors a pot shot at persons
who do not pay their bills promptly.
Under the present law a debtor may
be assessed ten per cent of his month
ly salary or income for the payment
1
vides that but one creditor may bring
suit and that second suit cannot be
| filed or maintained until the first
claim is paid. Boards measure pro-
vides that creditors in any town may
assign their claims TO one firm or cor
poratfcn and that funds collected un-
( der a Judgment may be pro-rated
among the several creditors
Sell School Properties.
Norman of Doniphan county today
| offered a bill enabling school districts
/ operating under the Barnes high
schooi law to dissolve and to sell their
school property and apportfon the
FUNDS The bill is general in its effect
but was introduced to meet a condi-
ton in Doniphan county where sew
! eral districts have established a high
school under terms of the Barnes
! law