The log cabin Democrat. [volume] (Conway, Ark.) 1901-1982, 1908-09-03


fore an enormous audience at this
n1aca His eubiect was "Cuarapteed
Pi"oe us ouDJ0oC was " "''' o. '' u
Banks" and he said in part:
~, w ny not make the depositor secure .
me Ohlted states government requires
| me deposit OF SPECIFIC security when IL
| lqtrusts money to national bank' al
| IhouBh IL can examine the hank AT any
time; the state requires security when it
| deposits money IN a bahk Inc county re-
| cures security ana ne CITY requires Sc
| euilty; even the banks require security
| from the oi1clalS VINO handle money
| w ny Should the uepoSltof De IeIt 10 take
| ilS chances ,......,t.- ,,,.-... .u.
Not only IS the depoSltor without pro
! teeuoh, put lhe security gwen TO Ha-
! uoh, state county ana city lcSsehS ms
| security. They are preferred creditors ;
! they nave mortgage on the gut edged
assets ana the dePosltor must get along Ik!ill
| as best ne can with what remains. W ny
are the interests OF the deposltorS tius
| neglected!
~ "A p pan asks deposits on tIe tnt t''i
! that the depositor is sure of the return
OF his money, and the laws ought to
| make the lactS CONFORM 10 the tlieotN.
| me deposltor. the community and thc
| latlon which VIII give to every deposltor
the assurance that that winch IS com
| l1lltted 10 me Keeping OF lhe pahk VIII De
tNallable TO meet ms needs at any ilIlG;
| Sucn Is not the case To-Day ior WINE an
| banks are TeaSonaDiy secure. they are
| not not, an. so. ms statement can De
| L!ii'eA IL 7c''it4i H"S
| fISt: l ne PRESIDENT mas auH oCaoeu d
postal savings palih, anu ms pos as 81 :
eeheral' IN presenting an dISulnent TX ita
laVoT pointed Out lnat many hii ha0iis
| are sent 10 European SAVINGS pdLIh m
every year py americans OF IoIeIEn or II. u u
| Who prefer 10 trust the SLate lhSlltIitti1 '
| 81 the nations peyQha tlle sea, r iti,i
| man the private banking lh7lIutiolS
1'ie.
second: 1t Is known th2t Gonsld t,i
a1noa atiut %i flio Win The annroach of
~ p'i ia r 0t onIU from arte
tt nor orlly "ttlI he l1%ii ins
- out t,p rs Nm ~ o"ev most need
II d , t.9 Wem rl3eH y iii I
81 ana When thf w.thdra"i VII increase
lme H!ldicldi ulst9i pd f - tiip'f
III - 80 - In bl,o et tboi
mon de moment se deP0St9rS SGf is
- d oal1; ~ Ha9u9H , 10 iy It'
% d1S,in 15a di,' eti If r5onay
IN n gApiad5 tif m!ulas o. ht1neI Of
t tiiIH ne ~ ~ IL d f
~ ~ pa 'tt " $780, ,lot
,a1 Pui - at nI'Iit TO-
1bo} ~ haniS 1i nav Gn i1l
nr 9my nnst oailh nd % at Ply hGs On Who
Ho,i ,r @ti~ ~ sa Tho im
10y d ~ ~ fltptia - tbnt NV he
$3.50 Of ~ ~ o,,t 49, 70
n ~ ~ ~ ir,l1oa - ",r lr uei ~ '
In s,,ii,'t.1 eal IN +boi
paii III Na'toiis'a nc n ,l,'
NO t0' 81 eteto hans he
or 10y oi9 Iossnn tbo de,,ns
Slouhu w. II "uulu irSSgl tlie ue 20
onfess that their banks are not secure
| when they oppose a national guaranty
system on TIE ground that If win draw
ieposits away from state banks. If YOU
want to find whether banks are absolute
| " secure ask the directors to give YOU
- s1 . - n,,r 60. a.
posit and YOU will learn that they will
not bear the risk which they ask you to
bear
@Cif+b.= 5,ba axnoriorco Of Ol,,abo,ra
fnrniehas co,cITsive nroof Thai danosit-
nc 40 not fnei that tboir nSnnev is eofa
', unSan cav banl on tho 17tb Of Ne
d,,hnr ,ooT ~ o,,Inborro HEADQUARTERS
.nanted denositoTs' g,Iarantv law
o,1 &C lo,lye