The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-01-12

secured upon small salaries believe that
the number of inspectors should be in
antee the possibility Of securing able Of
ficers for this work.
Administration of Blue Sky Law.
The bankers unite generally in the belief
istered wholly by the banking department
and that department held responsible for
the standard of the administration. This
law has been of great value to the finan-
cial strength of this state. Other states
have followed in the adoption of it. This
state should become the model state as to
the administration of the law. The oppor-
tunities for more prompt and efficient ad-
mfnistration of the law will be increased
if the work may be conferred in the bank
ing department. The suggested changes
as to a banking board would give the
functioning of the law. There would. of
, course, be no objection to placing this
work under the administration of one man
chosen by the department, with general
supervision in contested cases by the pro-
posed banking board.
Negotiable Use of Certificates of Deposit
Growing out of the glaring features in
the Salina bank failure, there has come
a realization that some regulation should
be adopted affecting in the future the pos
sible misuse of certificates of deposit, such
as were issued in that case in exchange
for notes and other evidences of debt. The
bankers who have studied this subject are
a majority of them believe that certificates
of deposit should be made negotiable
l believe the suggestion is entitled to the
most careful consideration of the legisla
ture.
The legislative committee of the Kansas
Bankers association also makes the recon-
mendation that bank shall be in business
a full year before it may become eligible
! to participate in the bank depositors
The legislative committee of the state
Bankers association recommends an
guar anty law forbidding banks, not mem
bers of the bank guaranty law, to adver-
tise or display the sentence deposits are
banks which are not members of the state
guarantee fund are running this ambigu-
GUS sentence for the purpose of mislead-
posits are guaranteed under the state law.
To Allow Participation in New Edge
Corporation.
A recommendation is made that special
provision shall be created in order to en-
able the state banks to participate in the
foreign trade financing corporations under
men turnout the country are being asked
to subscribe for. stock in this corporation.
National banks are authorized to subscribe
not to exceed per cent of their stock
and surplus stock in said corporation.
Since the national banks are authorized to
carry their subscriptions to this corpora
should be granted under our state law to
the state banks.
Miscellaneous.
All of the bankers are united in recon-
mendation that the state make an apprO-
| priation for the purpose of creating add1-
| tional protection against bank holdups
| and to provide for the apprehension and
/ prosecution of robbers. The state un-
doubtedly owes a duty toward the protec-
ton of these institutions which have been
peculiarly liable to attack.
Several other important recommends
/ tons upon matters affecting liens, stock
shares, relations between the state banks
| and the federal reserve, defining crimes
| and punishments, correcting the provisions
for the maturity of negotiable instruments
| on Saturday, and other minor features
| have been made, all of which will be re-
| ferred 10 the banking committees of the
house and the senate
In connection with this I wish to express
| my appreciation of the cooperation of the
| Legislative committees of the two state
| banking associations and the other bank
| ers who have given me the benefit of their