Jasper County Democrat, Volume 13, Number 14, Rensselaer, Jasper County, 25 May 1910 — VICTORY IS WON [ARTICLE]

VICTORY IS WON

For Kansas Bank Guaranty Law in Federal Court—lnjunction is Dissolved. Topeka, Kan., May 20.—-At torney-General Jackson to-day received a telegram from the Clerk of the United States Circuit Court of Appeals at St. Paul stating that the decision of Judge John C. Pollock, of the United States Circuit Court here, enjoining the enforcement of the state bank guaranty law, had been reversed by the higher court. The Abilene National Bank, with several other banks, brought suit in the Federal Court to enjoin Barik Commissioner Dolley from enforcing the guaranty law pending a decision on the law’s constitutionality. As soon as the Federal order of the St. Paul Court is received here the guaranty law will again go into operation. Three hundred and ninety-nine state banks have applied for participation in the guarantee. The national banks claimed the state bank guaranty law did not allow those institutions equal rights with state banks. It was discrimination against them, as depositors naturally would prefer the banks whose deposits were guaranteed, and also that -they-were-not-^iven-equal- protection. Judge Hook ruled that there was no merit in either contention. Try The Democrat and National Monthly a year for i only $2.00, sent to any address in the United States.