Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1908-09-03

Topeka, Kas., Aug. 27-The capital
city oil Kansas today was the mecca
for Democrats from three States, who
came to hear William J. Bryan speak
on the subject of the guaranty deposit
law for banks. The speech, as prev
iously announced, was to form one OF
the ''keynotess' ct the Democratic ma
tional campaign.
On his arrival from the east Mr..
Brvan was met at the train by a local
reception committee and the members
OF the Democratic State eommitte of
Kansas. Through streets which were
decorated for the occasion the Presl-
Dental candidate was escorted to the
Hotel Thropp, where luncheon was
served.
The State authorities having refused
permission for the speech making to
take place on the grounds of the Capl-
tel it was decided to hold the demon
stration at the city park, where an
Immense crowd congregated an hour
ar more before the time scheduled for
tho appearance of Mr.. Bryan. Sew
eral bands furnished music for the &C.
easion and there were introductory
speeches from prominent representa-
tiyes of the Democratic party In KAN
sas.
Mr. BRYAN rode in an open carriage
from the hotel to the park ana was
greeted all along the route with cheers
from tho crowds that thronged the
sidewalks. Another rousing ovatlen
awaited him when he appeared on the
aneaker's platform and was introduced
10 the vast assemblage that filled the
park and overran into the adjoining
streets.
Mr.. Bryan spoke in part as follows:
Mr., Chairman, Ladies and Gentle
men:
Wby not make the depositor secure?
The United States government re-
ouirss the deposit of specific security
whom ii entrusts money to q national
bank, although it can examine the
bank at any time; the State requires
security when 1t deposits money In q
bank; the county requires security and
the city requires security; even the
banks require security frem the off,
cials who handle money. Why should
the depositor be LETT to take his
chances?
Not only is the depositor without
protection, but the security given to
nation, state, county and city lessons
his security. They are preferred cred
itors; they have a mortgage On the gilt
edged assets and the depositor must
get along an best he can with what re-
mains. Why are the interests Of de-
positors thus neglected.
A bank asks deposits on the theory
that the depositor is sure Of the return
of his money, and the CLAWS ought to
make the facts conform tosthe theory.
The depesitor, the community and the
banker himselfs will beg benefited by
legislation which willS give to every
dspositor the assurance that that which
IL committed to the keeping OF the
bank will be available to meet his
needs at any time. Such is not the case
today, for Whitehall banks are reason
ably secure, they are not absolutely So.
The Republican, party proposes the
esta bills hment of postals saving bank
system; the DemocraticaIparty prefers
the guaranteed bank because it is better
for the banker: 1t gives the depos1tor
the security which helneeds and yet
leaves the bankings business in the
hands Of the banks. Q ButARths Demo
cratic platform declares for 'a postal
savings bank if thss guaranteed bank
cannot be secured, Il and in November
more than ninety per csntlof the vot-
ers will by their ballotssdemand either
the guaranteed bankEor the postal saw
inps bank. Can the financiers prevent
the carrying out of this demand?
The Republican platformIdoes not go
into detail, but it lie fair to assume that
the postal savings bank eplank is in
tended as an endorsementsot the postal
savings bank system proposed by the
Presidsnt and postmaster general.
Under this plan the federal govern
mont would invite thssdsposit OF saw
inps, a limit being placed upon the
amount that each person or each fam
ily could deposit. According to this
plan, the business man weuld not be