Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-28
Declares Ospo;ta's Should Rays
An|p|s Assurances That 1he|f
Money Is Safely Protected
LAW SUCCESSFUL N OKLAHOMA
Before an Overlooking Audience the
Democratic Candidate Epounds Pro-
posed Banking Legislation as Rails
ed in the Denver Platform-Says
the Guaranty Plan is Safest.
(By Associated Press1.

{By Associated Pre6Sl.
TOPEKA, KANS. Aug. 21.-Bctor"
an audience which fill9d the audi
forum TO ovcrfowing, William }.
BRYAN, Democratic candidate for prcs!-
dent today spoke on the subject OF
guaranty Of lQnk deposits. Previous
Il he had delivered three other at
dresses two from the yeranda OF the
hotel ami the third at Garfield Park
where hc attended picnic b. the
knights CT Pythias. his latter theme
being Fraternity
The Democratic candidate and MS
party arrived here carly this alter
noon and were taken in hand by u re-
G. ption committee of leading Demo
crats CT the city and STAT. and con
Quoted to the hotel in automobiles. A
great crowd greeted Mr.. Bryan. As
announced BY him before his depar-
iure frCfn Kansas elty Mr.. Bryan, III
view of the action OF the Kansas Re
DubliCan State council, which Endorsed
the guaranty OF hank deposits made
some remarks supplementary. to MS
prepared speech, on that subject. nc
took up the advantages OF the guarah-
tv system and then answered. the Oh
iections made to il by Mr.. Taft and
others He began BY asking why the
depSs:ts should be left unsecured
when the national government de-
manied security of any bank with
which il deposited money he point
ed out that the choice was hetW@an
the posta, savings bank and he CUR
anty plan and accused Mr.. Taft OF
favoTing all unnecessary extension oil
the sphere OF government Ly divert
ing the posta. savings bank instead oil
the guaranty banks
Mr.. Bryan declared that he perfer-
red the guaranty hank proposition
which would allow the banks to at
tend to the banking business and yet
COMPEL them to give their depositors
necessary security.
JpGn the conclusion Cf his speech.
Mr. Bryan said:
Oklahoma Law a Success
II asked Mr.. Prudential. banker
of Kansas City TO make inquiry among
the bankers of Kansas and ascertain
what proportion Of them favored the
guaranty law. learned that of the
banks that mad expressed themselves
on this subject. abnnt three fourths
of them favored a guaranty law and
enc fourth opposed II. That is an
excellent showing. Among the de-
., pcsi,ors there Is no opposition at all
and it Is evident that Kansas bank
crs recognize that something must De
done, ard second that guaranteed
banks is better than the postal saw
incs banks. also inquired of Gov
error Haskell. of Oklahoma. II the
number Of national banks that have
surrendered their charters and l"cone
state banks in order TO have The bene-
fits Of the guaranty system. ] have
telegram from bin saying that four
national hanks have already made the
change ann are op"rtins under the
State bank Jaws and that fifteen other
naiicna, hanks have applied for State
charters. This is conclusive proof
hat the Oklahoma law is success
A national charicr Is supposed to
nave snae advantages over State
snty Jaw must be. admitted. when
twenty national banks will in short
time change from the national sys-
TEN 10 the State system 10 give the
JepoSiiors the advantage furs0hed by
the guarantee system.
Sine the preparation Of my speech
Oh this subject the Republicans oi
Kansas have held convention and
adrpfed q state platform. The plank
or the guaranty % tanks Is recoS-
milton ~ the necessity for a Sc.Sr.ts
brit the plank u so worried as Ia he
practically us less so far ss the pro
tecticn % Tie people IS concerned. To"
Republicans propose to enable the
State banks 10 Mutually ard vo.un.
tariiy' sHarantce deposits.
ccposstor Left Unprotected.
But that Is not enough Suppose
that the banks mutually agreed not
10 do H. Mast the depo%itor be le:l
unsecured
The Kansas Republican platform
also requcsts the Republican caadi-
dates for Congress ard the United
States Senate TO favor lav allow.
ing nziional bank TO participate
IN The yrovosed mutual and Tciun-.
tary system. Bet what chance -
there OF scoring such a Law when
. 4St-,