The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-09-02
ROW over BANKS
Many Towns Send Delegations
Before Charter Board.
Herington Has Three Applica-
tions-AII Opposed.
PROMINENT BANKERS IN CITY
They Are Here To Fight For
and Against Charters.
Thirteen Applications Under
Consideration Today.
PROMINENT BANKERS IN CITY

Thirteen applications for bank
charters today brought the biggest
consignment of trouble to Topeka that
the state charter board has faced in
many weeks. Bitter fights bordering
on old-fashioned town rows are
threatened in a number Of the appli-
cations before the board. Big delega-
tons came to Topeka from Herring
ton, Jennings. Olpe and Penalosa,
where >scrambles for new bank char
tiers threaten disturbance of local
business conditions.
When the charter board concludes
its session late this afternoon more i'll
feeling will probably be engendered in
several towns than local chambers of
commerce can straighten Soutsin six
months. The state board has Set a side
the day for bank troubles after hav-
ing heard arguments last week on APP
plications for eleven banks. Hostili-
ties were resumed today on several of
the rows which were before the board
lastt week.
Harrington Delegation Here.
Harrington sent the largest delega-
ton which came to Topeka today
Three new banks want charters in the
town. Apparently every business man
in the town is lined up on one of the
four sides of the controversy.
AT present Harrington has two banks
There is demand that no new banks
be chartered. On the other hand
! three contending factions want per-
mits for new banking institutions in
the railroad town. Each of the pro-
posed new banks sent delegations to
Topeka this morning. Another dele
cation representing the stockholders
OF the old banks came to protest
against third or fourth bank.
Jennings, Decatur county, sent two
contending delegations here to pre-
sent demands for new banks.
stockholders in both the old and a
proposed new bank in Olpe. Lyon
Some of the argument in the Olpe
controversy was presented last week,
Penalosa, Kingman county. has
some 175 inhabitants and one of the
warmest little bank rows in the state.
Recently private or partnership
bank was started when the board re-
fused charter for a state bank. Now
there is real feeling in the demand
! for a charter for the Farmers State
bank of the town.
Other Delegations Hero.
| Delegations from the towns of Cuba
| Clyde, Garrison, Colony and Edmond
also appeared to tell the board OF
banking conditions and demands fel
new institutions. Stockholders IN tht
proposed new Union Trust compan!
OF Hays also appeared before" thu
| board. The trust company is capital
lied at 100000.
Many we'll known Kansas bankers
were here today because OF direct Of
indirect interests in applications be
fore the state board. Among tn
prominent bankers in the state hous'
this afternoon were: Thorton Cooke
Kansas City, Mo; w. N. Hawley. Her
ington; L. z. Ames. Kansas City, Mo.
Otis L. Benton, Oberlin; George w
Hanna, Clay Center; Thomas Sweeney
Lawrence; NJ. A. Anderson, Hope; F
d. Carmen, Herington; G.. w. Coch
ran. Ellis: F. T. Anderson. Burdick
NJ. F. WEIGH. Harrington; J. d. Joseph
Whitewater; John f. Wagner, Larned
Earl Akers, ]. H. Lee, J. r. Burrow
Topeka.
Charter Applications.
Charter applications before tn
board include:
Union Trust Co. Hays: 100000.
| Farmers State bank. Cuba 4: $4,000.
Citizens State bank. Herington: S4OcGt
ALONE State bank, HerinGton: $4,000
peoples State bank. Harrington: 81, or
Farmers State bank, Penaiosa: 5000,
Farmers State bank, Clyde; $o0.0Oo
Farmers State bank, Garrison: $1,000.
Farmers State bank. Olpe; $1,000
Farmers State bank. Jennings: $4,000.
First State bank, Jennings; $4,000.
Farmers State bank, Colony: ST. 900.
Farmers State bank. Edmond $4,000.