The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-02-20
State Bankers viii Keep a
Secretary Here.
Bank Delegates Endorse Bank
of Kansas Bill Today.
HANNA is ELECTED PRESIDENT
j. E. Wagner Tells of Vast De-
structiOn World War.
Gov. Allen Before Closing Meet.
ing of the Convention.

The Kansas State Bankers associa-
ton at the closing session of it's con-
vention today decided to open and
maintain permanent offices in the city
of Topeka and to hire full time sec
retary who will devote himself exclus-
lively to the work of the association.
The action was taken at the Session
of the association at the Memorial
hall this afternoon following the
favorable report of the committee to
whom the matter had been referred
for investigation.
The s lection of the permanent sec
retary and of the location of the Of
fees here was left to the new Off
GERS elected this afternoon. For the
time being r. J. Grover, present sec
retary o. the association, will conduct
the office.
Officers of the association elected
today are:
George w. Hanna, Clay Center,
president; Senator ]. r. Anspaugh,
Gridley, first vice president; Senator
F. G. Bergen, Summerfield, second
vice president; S. E. Cobb, Topeka,
treasurer.
Endorse Bank Plan.
Resolutions endorsing the bank of
Kansas or state reserve system bill as
were adopted today by the Kansas
State Bankers association, which
closed its convention at Memorial hall
this afternoon. The reserve measure
was alleged in the resolutions as "a
measure based on sound and long tried
banking principles; that will, if passed,
eliminate float, give better rediscount
privileges, protect and preserve the
state bank system, put the full re-
sources of the state bank system be-
hind the federal system. and be an ad-
ditiOnal source of income to the state
n
pose the bill as dangerous, and claim
is purposes could not be carried out
The legislature, it is thought will not
pass the bill, but will recommend that
congress amend the federal reserve
law to permit stock brokers of less
than $4,000 capital to become mem
bers and participate directly in its
great benefits and privileges. The
Kansas Reserve State bank of Topeka
is the only state bank in Topeka a
member of the Federal Reserve sys-
tenn.
Many Bankers Oppose Bill.
The resolution was drawn by a COM
| mittee comprised of ]. D. Joseph, j. r.
Anspaugh and M. B. Light. 1t was
placed before the convention with a
number of other resolutions just be-
fore noon adjournment, the group be-
ing voted upon collectively. About
twenty-five or thirty bankers left the
hall as the committee chairman, J. D.
Joseph, read the paper. A scattered
mo" or two, in very loud voices, were
registered following the 'tayes."
Other Resolutions Adopted.
The additional resolutions were as
follows: Resolved:
THAT we sincerely thank the banks of
Topeka for the complimentary banquet
rendered by them to this association We
also appreciate the many other nice cour-
tesies extended by the Topeka bankers to
the members in attendance.
That we congratulate the state bankers
and their assistants upon their able work
and intense patriotism the past year; that
remarkable record that they have made in
floating the four Liberty Loans that gave
the final and fatal blow to autoeracy and
made the world safe for Liberty and Op-
portunity.
THAT we record with much satisfaction
that over GOO state banks are now under
the state bank guaranty law; that the
guaranty fund now totals over 100000 and
that this association has 742 members.
Commend Wilson's Record.
That we commend the officers of this
association for their most faithful per-
formance of duty the past year, and that
we express our great pleasure in the splen-
did record being made by our present
| state bank commissioner, Walter L. Will
| son.
f. G. Mcwilliam, for the able and instruc-
| tive address delivered by him before this
association. We appreciate the fact tnat
| he travelled over LOCO miles to be with us.
| We heartily endorse United States Council
State Banking associations, and recon-
mend that this association continue its
! membership in the same.
THAT we recommend that the Victory
| or Fifth Liberty Loan bonds bear not to
exceed Az, and not less than 4 per cent
| interest have all the tax exemptions and
conversion privileges of the First Liberty
Loan. and that all previous Liberty Loan
! issues be made convertible into this one.
| believing this will enable us to successfully
float the new loan and maintain all the
| issues at par.
THAT it is the sense of this association