The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-03-31
His Policy Approved.

During the last eight years + have
met and answered the grave questions
that have come to me to the best of
my ability. The policy of the depart
ment has been attacked by a few per-
sons holding positions of honor and
responsibility. The supreme court of
Kansas, however, first thru its COM
missioner. j. NJ. Challis, of Atchison,
and now by unanimous decision of
the court itself has sustained our
policy"
The statement as to the condition of
the banks at the close of business on
the last call under the Wilson ad-
ministration shows that on March s
the banks had total deposits amount
ing to s226,781, 1855, compared with
s271, ,51s.113.o2 on December Is, 1920
and $303,0e6,453.39 on February IA. a
year ago. Loans and discounts on the
fifth of this month were $241,857,-
066.03, compared with 258,141,1O5.17
three months ago, which indicates
that a general liquidation is being
carried on and that business is being
placed on a much more solid basis
Also, the rediscounts have been re-
duced from 10 million to 13 million
during the last three months.
The statement shows 693 banks un-
der the state guaranty law with
s1,674.369.2S in the guaranty funds
as compared with s1,562, ,436.64 three
years ago.
Nilsonss Farewell Statement.
Wilson'S farewell statement, after
his eight years of service as bank
commissioner. is as follows:
within few days l shall return to
private life. For the past eight years l
have given the best that was in me to puo-
lie service, four of these having been spent
in serving you as your bank commissioners.
These years have been filled with unprece-
dented problems of world war and the
peace. l have met and answered these
grave questions to the best of nv ability
The policy of the department has been at
lacked by few persons holding positions
of honor and responsibility. The Supreme
Court of Kansas, first thru its commits
sfoner, Honorable J. NJ. Challis of Atchi-
son, and now by n unanimous decision of
the court itself. has sustained our policy
Il want to congratulate the state bankers.
loan associations on their magnificent
showing at this time. You have had many
crises to meet and the present excellent
of your institutions testify to the
promptness and Intelligence with which
you have met the tide and turned it in your
favor. The record of these four years Is
not equalIed in any state that Joins us.
Kansas has had no bank failure during
these four years except from the, dishon-
ssty of bank officials. Every bank that has
had trouble with perhaps one exception will
either be reopened or a new bank organ
zed in its place. Many of you have re-
luced your borrowed money and redis-
counts Some of you have wiped them both
clear off your statements. The department
has been more than glad TO help you but
the real credit is due the splendid manage
nent Of Kansas banking institutions To
you Fellows who met each days questions
md solved them-to you who sat fight TN
The boat when the storm was most terrific
to you is due the great credit
Il am leaving the department with some
regrets and vet glad to get away from
public responsibility. so that may devote
ny entire time to my own private business
/ expect to devote at least part of nv
1me during the coming years to helping In
'ome way to repay my many friends for
heir loyalty to me during my term as bank
commissioner. Whatever success has come
o the department is due to the loyal sup |
BORT of the state bankers. / leave the de- |
'artment without an enemy to punish. bur |
| host of friends TO reward. shall vel |
way"
The Statement.