The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-05-19
BANKERS ARE HERE


presidency to succeed H. w. Grass of
La Crosse. Atwood's election will be
by reclamation at Friday afternoons
session. He is president of the First
National bank of Concordfa and the
present vice president of the associa-
ton.
OF National Importance.
Importance is added to the meeting
of the bankers this year by virtue of
the visit of some of the nations wisest
and shrewdest bankers and credit au-
thorities. State and nationwide in
terest centers in the visit to Topeka
Friday of w. P. G. Harding of Wash
ington president of the federal re-
serve board. While Governor Harding
is coming to the state ostensibly to
talk to the bankers, he is in reality
coming to Kansas to study at first
hand the states conditions-particu
larly as to livestock and agricultural
credits and securities.
Governor Harding will confer with
Kansas stockmen Friday morning.
There is 4 possibility that because of
this conference new rules may be
fixed regarding acceptance of live
stock and farm securities by the fed
eral reserve board.
John S. Drum To Talk.
John S. Drum, of San Francisco,
president of the American Bankers
| association is the top line speaker be-
Drum is in Topeka with genuine
| Kansas message. His talk in Repre-
sentative hall this afternoon will give
| to Kansas bankers the views Of the
| head of their national organization re-
| garding the problems and response
bilities of the money lenders in this
state. He will discuss kansas With
! Relation to General Conditions"
Gov. HI. j. Allen on Program.
! President w. H. Grass of the state
| association and Governor Henry J.
Allen were the principal speakers at
| this mornings session. Governor Grass
| delivered the regular presidents ad
| dress Governor Allen discussed state
| Affairs" as related to the banking
| game and the responsibility which the
| bankers owe the state and the state
| responsibility to the bankers.
| Perfect organization among the
| bankers of this state was shown in
| the report before the convention to-
| day by w. W. Bowman, secretary,
who is largely responsible for the
| present strong showing. He stated
| that of the 1,09s state banks in Kan
sas all except ten are members of
| the Kansas Bankers association The
1 267 national banks and IA trust com
panies have a perfect membership
| record. The membership rolls also
| include IA building and loan associa-
| tons and 80 nonresident institutions
! in Kansas City, st. Joseph and other
| banking centers- The associa lion
| showed a balance of So, 29751.
Banking from My Side of the
| Counter" was the subject of talk
before the association this afternoon
by Fernando v. Bermejo of<the Phil
ippine Islands Bermejo is a student
in Kansas University and an honorary
member of the Bankers association.
Lafayette Young to Speak
Lafayette Young, editor of the Des
Moines Daily Capital, closed the
afternoon program with bit of news
paper mans advice to the men from
the tellers cage and the securities
| desk. Where do we go from here?'
is the subject of the Iowa editors talk.
] Affairs of the state banking depart
| ment were discussed at the opening
| of the afternoon session by F. H Eos
ter, state bank commissioner. "A Call
for a Statement was the subject of
J the new commissioners speech.
Auto Ride for Ladies.
| This morning wives and daughters
of visiting bankers were guests of
wives of Topeka bankers. They were
| taken for an automobile drive thru
the city and outlying districts. At noon
they were guests at a luncheon at the
Country club. Tonight a special musi
cal and vaudeville entertainment will
be given for the bankers at the. audi
| torium.
| Representatives of the Kansas build
| ing and loan organizations opened their
| convention on the same floor of the
state house with the bankers. Sessions
of the building and loan men started
| in the supreme court chambers at 10
| o'clock, while the bankers were dis
] cussing their own problems in repre-
/ sentative hall. State Bank Commits
sioner F. H. Foster was the principal
speaker this morning. Terminal Fa-
| cilities' was the subject of his talk to
| the building and loan men. F. F.
| Funk of Topeka, delivered the well
! come speech, while c. j. Bryant of
Independent, president of the state or
ganization. responded.
| Many Committee Reports.
Most of the morning session was
| occupied with committee reports and
| organization details. President Grass
lof the Bankers association made a
short talk this afternoon. Other
| speakers on the afternoon program
include Claud B. Carey of Hutchinson.
who told of 1.-THE Future of Building
and Loan Associations and Their Re-
| Iation to the City" Frank H. Chase
of Kansas City, Mo, in a discussion
/ of building and loan policies; a speech
regarding the legal knots and tangles
of the money lending game by Ben
nett R. Wheeler, Topeka lawyer; and
| a talk on the relationship of the state
banking department and the building
and loan companies
| Annual Banquet Tonight.
The annual banquet of the building
and loan company members will be
given tonight by the local companies.
Following the dinner members will
join the bankers as guests at a COM
p1imentary entertainment at the audi
torium.
| Kansas members of the American
Bankers association will hold their
annual meeting in representative hall
at 5 o'clock this afternoon.
RANGE OF STOCKS