The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1922-02-23
amend BANK LAW
Discuss Calling of Special Ses-
sion of Legislature.
Gov. Allen Has Conferred With
Prominent Kansas Bankers.
NO DECISION HAS Been MADE
State Banks Cannot Partici-
pate in War Finance Fund.
Delay Would Deprive Farm In
terests of Necessary Aid.
NO DECISION HAS Been MADE

Governor Allen has conferred in the
last few days with several prominent
Kansas bankers regarding advisability
of a special session of the state legis-
lature to amend the existing banking
laws. 1t became known in the state
house today that conferences had been
held relative to legislation which
would enable the state banks to par
ticipate in distribution of the billion
dollar agricultural benefit fund of the
war finance corporation.
To Call Conference of Bankers. ~
Gov. Allen announced this after
noon he will call conference of bank
representatives in a few days to devise
means of avoiding the technicality in
state banking laws which prevents
Kansas state banks from participating
in distribution of war finance corpora
ton funds.
He has decided to call this confer
ence, Governor Allen said, after being
urged by Representatives of the Kan
sas banking association to call a spe-
| cia1 session of the Legislature to amend
the present banking laws
The governor said he is giving care
full consideration to the request for
a special session but that he is hope
full the same results can be obtained
without il. The conference which
may be held Saturday, he said, would
be limited to a representative of the
| War Finance corporation, the state
! bank commissioner. officers of the
; banking associations and a few others.
No Decision Reached.
No decision has been reached rela-
| tive to the special session call accord
/ ing to reports this afternoon. 1t IS
| likely that any decision will be with
| held until the question of a special
| session call is considered by officers
! Bankers associations. Importance of
! changes IN the present bank laws was
impressed upon the governor by sew
| era1 prominent bankers, according 10
| state house reports.
| Kansas state banks cannot partici-
pate in distribution of the billion dol
! lar fund of the war finance corpora
/ tion. 1t is one of the two states in the
/ Union which cannot qualify under the
( congressional regulations surrounding
distribution of this money for the aid
| of agricultural interests. A slight
amendment to the present bank laws
would be needed to remedy the sit
uatiOn which would bring millions of
dollars into Kansas for relief of the
! farmers.
Means Much to Bankers.
The entire situation is merely tech
, nical. Yet it means much to the
banking and farming interests of the
state at this time, according to several
| banking authorities. The trouble can
not be overcome without an act of the
/ legislature and delay of a year in
passage of the necessary measure
would deprive the farming interests OF
much necessary financial aid.
| According to a report this afternoon
I it was stated that the governor might
consider call for a short special ses-
| sion. He will not act, it is reported
| without action by the banking organ
izations which are seeking to relieve
local farm conditions.