The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-02-19
BANKS ARE READY
continued from Page one,


thirty new state institutions hare been
created in Kansas in the last ten |
months LAS many more would be |
open for business in the next ten /
days" he said. IF they were given |
charters today
Two feature addresses were on the !
program this afternoon. One was a |
tai by E. G. McWill:, IN. assistant to
the president of the United States |
council state banking association, |
Washington. He spoke on why State |
Banks Need a Separate Organization"
and declared the separate organization
needed.
France as 1 Saw IT, was depicted
by John e. Wagner president of the
Larned State bank, and lately with the
Y. NJ. c. A. in France. A general dis
cussion was also held. led by George
w. Hanna, the vice president.
Banquet Tonight.
One of the feature events of the
convention will be held tonight at Ma
sonic temple, 619-23 Jackson street.
when the bankers will attend a COM
plimentary banquet to the banking
committee of the house and senate
given by the banks of this city. Ad-
dresses will be made by c. c. K. SEQ
Vile, president of the Citizens State
bank, Seneca. and others.
The feature address of tomorrow
sessions will be by Governor Henry j.
Allen, providing the executive arrives
in time from Washington. where he
has been telling a congressional in
vestigating committee about the
Thirty-fifth division in the battle of
the Argonne. The convention will end
tom orrow afternoon with the election
and introduction of new officers. Res
olutions will also be adopted tomor-
row.
Endorsing State Banks.
At meeting of the executive COM
Of iaf} tod Q6ory ,ierta
the following statement was issued en-
dorsing the state banks of Kansas:
About one year ago the Kansas State
| Bankers association helped to defeat
| and we have another to defeat right new
| ask President Wickizer.
banking, nor will 1t help very much in
passing the bank of Kansas bill now before
the Kansas legislature, A passive attitude
| never started or arrived.
| Most of the bankers now actively oppos-
| ing the bank of Kansas bill. were opposed
| to the guaranty law and fought it from
/ start to finish-the only law ever enacted
| in Kansas that directly gave the depositor
This law being admittedly success with
| $IG000000 in the bond fund and $3oG.-
347.I4 in the cash fund. total 81, 15G.34I. "A,
| iudged-could 1t not be that they are mis-
taken in their opinion regarding the bank
| of Kansas?
The state bankers are not against the
federal reserve act. but seek thru the bank
of Kansas to mobilize all the resources of
the state banks and add them to the pres
| ent strength of the federal reserve by per-
Uniting thru this channel about 100 state
banks to participate in any benefits to be
one opponent says the bank of Kansas
bill would put up. the. bars against the
state banks from joining the federal re-
20 per cent of the state banks because
banks in Kansas have become members
of the federal system out of the 30 per cent
that are eligible-eyidently, the bars are up
Also, this opponent refers to the float
evil and says it would swamp the bank of
handled float items and sought our ac-
counts, giving us creait for items the day
only about 10 per cent of Kansas items are
! float items; this must be recognizable for
sereason that banks today in Topeka.
Lawrence. Wichita and other Kansas cities
are soliciting bank accounts on a 3 per cent
daily balance basis and giving credit the h.
why. should the bank of Kansas be
political bank Let's look at thisEwe want
no political bank You. will find that it
provides for the member banks. which
rectors: the only one appointed is the bank
commissioner. Is this political. and is it
the control Of the banks? And do you
| think any. governor would appoint ma
tionsi banker OF pro-nationa, or a man not
4 n good state banker as commissioner after
this bank is in operation? We do not.
The executive committee of the as
! ISOLATION includes the following:
|. Emery L. Wickizer, president, Quin-
1 ter; George w. Hanna. first vice presi-
| dent, Clay Center; Senator J. r. Ans
| paugh, second vice president, Gridley;
r. J, Grover, secretary, Arkansas City;
J. B. Ross, treasurer, Baldwin; L. c..
! Burns, Hoyt; G.. F. English, Wathena;
j.. L. Jackson, Bonner Springs; F.
Starr, Eudora; w. r. Coffey, Dexter;
S. NJ. Smith, Girard: LaVergne L.
/ Payne, Burlingame: C. NJ Nusbaum.
Peabody; S. J. Pratt, Manhattan;
Senator F. G. Bergen, Summerfield;
NJ. A. Eversole, Goodland: Charles w.
| Miller. Hays City: F. w. Cooter.
| Hutchinson: G. s. Schumacher, Lyons;
James McClusgage. Rose Hill; C. F.
! Claassen, Newton; C. n. Prouty, Kan
sas City; c. C. X Scoville. Seneca: M.
B. light, Winfield; William Macfer-
ran, Topeka; William wayman. EN-
poria; Walter E. Wilson, Topeka
John E. Wagner. Larned: J. L. Raines,
Perry; Thomas j. Sweeney, Lawrence.