The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-09-21
BRYAN WILL LOSE
VOTE OF BANKERS
Eastern FinanCierS Visiting
Here Do Not Like Plan for
Guaranteeing Deposits.
VIEWS FRANKLY STATED
UNANIMOUS IN DECLARING SALT
LAKE A REAL CITY.

From the expression of eastern bank
ers. 1t is evident that the financial in
terests of the east do not like Mr.. Bryan's
position on the guaranteeing of deposits.
There is in Salt Lake today party OF
bankers from Philadelphia. representing
the largest banking interests Of that city,
They do not talk politics: they wish that
the presidential election were over. The
feeling among them Is that Mr.. Bryan
will lose votes in the east on account OF
his pronounced stand on the protection
of tine depositOr. They say that Taft VIII
reap the benefit of this.
The party is at the Knutsford, and In
cludes John Flanagan. vice president OF
the Manayunk National bank of Philadel-
phia; John Kenworthy, "A director: Miss
Kenworthy, Mr.. Kenworthys daughter
Mrs. NJ. Lord. a niece of MT; Flanagan;
J. r. Littlewood vice president OF the
Manayunk Trust company; +. III. Pres
ton, president of the Manayunk bank, and
Mrs. Preston; w. A Bulkely, assistant.
cashier of the Fourth Street National
bank of Philadelphia, the largest bank in
that city of banks. and j. 1. l.. Hobach,
the auditor of the Fourth Street
This party left Philadelphia with view
to attending the convention OF the Amer
lean National Bankers association, which
will meet in Denver week from tomor-
row. Sept. %. The party came westward
by way of the Great LAKES. the Yellow
stone park, the Oregon Short Line, and
on its way TO Denver.
Interested in Salt Lake.
Nh Bukely was spokesman for a group
of these men IF finance I'm the Knuts-
ford corridor last eveninS-at least, no
one objected to what he had to say and
apparently all acquiesced in his views.
I'VE have seen some of your city, and
we like it, he said. To-day we are So
ing to see more of IL. One of our party
is arranging for sightseeing and informa-
.ion- gathering stunts that We are 10 do.
From what he have seen OF Salt Lake
today we are unanimous in the opinion
that YOU have a real city. and that you
are going ahead. Naturally. we do not
know what you are doing in detail, but
our party is remarkably well impressed
with Salt Lake
Election is Brake.
How does the situation in the east
strike you, Mr.. Bulkely. with reference
10 finance and business
IL think the situation is very much i'm
proved over what IL has been, but frank
ly. | do not look for any marked improve
ment I'm conditions until after the first
of the year. Presidential election years
are always bad. There should not be this
hesitancy, for. no matter who is elected.
the country will not suffer But the
election OF a president is always kind
of brake on business.
This depre: sion that we have gone
too fast entirely. The losses incident 10
the war and the San Francisco disaster
and not a few other events were bound
TO have their effect"
Bryan's Guarantee Policy.
Not expecting you TO talk partisan pol
tiles what do YOU think the outlook is IN
the east with reference TO Taft and
Bryan. from the financial Viewpoint
Il do not think there is much doubt
about the sentiment being largely In Ia
vor of Taft in the east among the finan-
cial people. The bankers look upon MIR.
Bryan's policy of guaranteeing deposits
as more or less visionary and impractical
They feel that there would be no longer
any need of careful management, eau
tion and financial acumen on the part OF
bankers. OF course. 1t would
no doubt please the depositors
nightly TO have all Of their oe-
posts guaranteed. Under Mr.. Bryan's
plan. the bankers of the east believe that
the depositors would slap their money IN
TO any sort of an institution. never Civ
ing time nor thought 10 risk or hazard
and never seeking first to learn the char
acter of the company or concern with
which they place their money
Personally. when / sought a place OF
deposit 10 put my little savings, 1 selected
the one that l deemed the most secure.
Where Bryan Loses.
II have the highest regard for Mr.. Bry-
an / think that any man who can be
twice defeated for president and come
he fore them again with the strength that
Mr. Bryan shows at this time must be
conceded 10 be remarkable man
Granted that his views and his policies
like free silver-have been modified.
there is a pretty definitely fixed notion
I'm the east that Mr.. Bryan will lose votes
by his stand on the guarantee of deposits
policy
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