The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-01-27
Kansas Reserve Building and
Loan Association.
Organized for Business With
Capital of $1O,0OO,OOO.
WALTER E. WILSON PRESIDENT
Board of Directors and Officers
Elected Today.
The Capital To Start Business
Already Subscribed.

Today noon was completed the or
ganization Of the Kansas Reserve
Building and Loan Association. The
necessary papers were recorded at the
office of the register of deeds this aft
ernoon. The concern will b, open
for business in a few days.
The authorized capital of the asso-
citation is ten million dollars.
The place of business will be at the
rooms of the Kansas Reserve State
bank, S24 Kansas avenue. Interior
arrangements are being made there
to take care of the new business.
Thus is established what promises
to be another big financial institution
of Topeka and Kansas
A Strong Board of Directors.
The directors selected for the first
year are: Walter E. Wilson, bank
commissioner of Kansas, president of
the Farmers State bank of Washing
ton, Kan; Charles E. Eldridge, assis-
tant insurance commissioner; w. T.
Newman, expert in charge of the
building and loan department of the
state banking department; H. c. Prib-
BILE, general claim agent of the Santa
Fe Railway company; DR.. C. B. Van
Horn, physician and surgeon; C. S.
Huffman, lieutenant governor of Kan
sas: F. A. Anton, president of the To-
peka Tent & Awning company; David
]. August, clothier; Frank P Mac
Lehman, of the Topeka State journal; ;
w. B. Collinson, chief clerk of gen.
eral manager Santa Fe Railway COM
rany; w. r. Carrie, secretary Topeka
Cemetery association; o. J. Wood, at
torney; F. NJ. Spencer. contractor.
The officers elected for the first
dent; F. A. Anton, vice president;
Earl Akers, treasurer; E. D. Mckee
yer, attorney; F. NJ. Spencer, chairman
of the appraisal committee.
The name of the secretary, a capa-
BILE, experienced business man. will be
announced when the association is
ready for business.
Aside from the shares subscribed
and paid for blythe directors, "a large
number of other subscriptions have
already been made.
The phenomenal success of the
Kansas Reserve State bank and its
growing business seem to make it
necessary to organize another build
ing and loan association in Topeka.
particularly in view of the demand
that will be created for building loans
when building operations in Topeka
and adjacent territory begin. This
promises large when the winter is
over.
The building and loan associations
of Topeka have been wonderfully
prosperous and those who file with
the secretary of state the INCORPORATION
papers for the new association and
thei- associate shareholders, who have
already put in the capital, believe that
there is a great opening for the ad-
ditional concern to be of much benefit
particularly to the residential building
projects in view and as a valuable in
vestment for those who put their
money in for investment purposes.
Topeka Short of Houses.
The city of Topeka is very short of
apartment houses and modern dwell
ings. it being practically impossible
to secure such in this city today.
Topeka hotel accommodations are
entirely inadequate. These will be
supplied by the new modern, fire
proof hotel, the North American, the
excavations for which have been made
at Ninth and Kansas avenue, and the
work on the foundations will be COM
menced as soon as the danger of
freezing weather is over. The North
American Hotel company is under
bond to push the work to completion,
the suspension of which was due to
government and state priorities boards
which released the ban only as winter
was about to set in. This is the big
gest project of the near future in a
building way, but will not be financed
of course by the building and loan
company. The finances necessary to
complete the hotel to the sixth story
are already subscribed, the balance to
be secured in the spring