New-York tribune., 1908-08-28

10y insolvency, But two banks have failed and the
bT ,h nave IN both cases been sufficient to reim
t The Republican party promises the establishment
VI q postaI savings bank system: the Democratic
party prefers the guaranteed bank because 1t is
peter FOR the depositor and better for the banker
and yet leaves the banking business in the hands
oi Of the the banks But the Democratic platform de,
bank cannot be secured and in November more
demand either the guaranteed bank or the postal
inngs bank Can the tinanciers prevent the carry
~ There only 2O.eoo banks. while there are 15,-
Gv.We depositors. and do rot hesitate to declare
nave a prior claim to consideration. If We esti-
mate the average number of stockhoiders OF eacn
biink that is a liberal estimate
the total number of stockholders would only be
ors. The stockholder is compelled to buy stock
while the depositor is compelled to use the banks
both for MS own sake and for the sake of the com
his money a part OF the circulating medium The
guarantee law. therefore, brings the sreatest good
TO the greatest number, as well as 10 those VINO
have the greater equity upon their side
There is another advantage which the guarantee
of depositors brings to the banks protects the re-
last fail the reserves caused the most Of the
trouble. The small banks wanted to withdraw
strHT " VIII danosfts e,iarapteed there would be
local banks and no sudden withdrawal
And, to add still another advantage, the guar;
by preventing runs the bank. would greatly
submit that in this effort H to ms make all banks of
the professional man and the champion of Of the
of this law, for it bestows its blessings upon an
Why has the Repubcan party been so qulck s slo 1D
to yield the demands of the masses? There are
lowed itself to become the servant of the favor
seeking corporations. and second 100 man! n
cratic standpoint the standpoint of the few-rather
than from the Dempsratc standpoint the vang
questions the standpoint of the whole people.
easily sees that which Republican leaders do not
discover. and It's remedies begin with the rehet
of the average man g.. 49,. ,,,,o,,
dement's the common people it finds that In acting
notes te the welfare Of the smaller classes which
rest upon the masses. for when the producers OF
wealth prosper their prosperity is shared by every
element Of society
SOME AFTERTHoUGHTs,
After finishing his prepared speech Mr. Bryan
said:
asked Mr.. Breidenthal banker of Kansas .s,
and ascertain what proportion OF t4em faN @ oreG
the guarantee law ieane9 Ihas an OF his te subinc1
about three-fourthS OF them favored guarantee
law and oae-1ourth opposed it, That is an excel
lent showing Among the depositors there is no
opposition at all, and il is evident that the Kansas
done. and. second. that the guaranteed bank is
CURED OF Governor IiaskeI of Oklahoma in re-
gard to the number OF national banks that f naHe
in order to have the benefits of the guarantee
system have telegram from him him saying : that
and operating under the state bank laws ana
that sixteen other national banks nave apphed ior
state charters This is conclusive proof that the
Oklahoma law is a success -, ~ "a
A national charter is supposed to nave some az
vantages over state charter and the dement's oi
me law Will mus i5 short tine Change from
the national system to the state system IN 9roer 10
give their depositors the advantages furnlShed oy
'! Since the preparation of my speech on this sub
iect the publicans of Kansas have held a con
vention and adopted a state platform. The plank
on the guarantee of banks is recognition of the
necessity for security. but the plank Is so NoIuSI
be practically useless so far as the protecnl
pose to enable the state banks mutually and
p@se that t Sanks Mutually agreed
not 10 do It, Must the depostor be left unsecured?
the Republican candidates for Congress and the
United States Senate TO favor law allowing
and voluntary system But what chance is there
Of securing such law when the Republican Ma
the subject and when the Republican candidate
His Pronunciation of the guarantee is so sweeping
rte that he viii either encourage or permit law
allowing national banks to paTtcipae IN staee
. by both state banks and national banks vii be
compelled to guarantee deposbf @ sfn1 snd onT Wita
a Democratic President and Democratic CONGRESS
which VIII make both state and national banks
; And. speaking Of platforms. glad TO call at
tention to the fact that the Republcan platform
pa6lor h on oD W Of Senator'S Nv direct vote of the
Convention rejected by vote Of 10 anG Whlch
Mr. Taft has never advocated hut once. and that
only in n half hearted wav. In his noti1cation
speech he said that personally he was inclined he to
mere inclination toward the law to secure such
reform.
is to he found in the CONFORMATION of the present
rules of the House and in the demand for a modi-
Hcation Of the This is the position taken bv
Democratic National Convention. and II Is
gratifying TO know that the Republicans OF Kansas
have supported lis In the position taken. But what
shall we say Of the condemnation OF the Nice-Pr
idenfial candidate. Mr.. sherman? While MT: Sher-
mans name mentioned. he is so prominently
rules OF the House that
the Republican platform this subject cannot he
construed otherwise than as denunclHtion OF MIN
Here we have the Republicans OF Kansas heartily
tndorsing the nomination of Taft and sherman
even cornrneudins the speech Of acceptance of Mr..
Taft-while the convention proceeds to condemn Mt
Tafts position the guarantee OF banks and MI
Sbernan's position the subject of rules. There
is no doubt that there Is strong reform senti
rnent among the Republicans of Kansas and the
best way that they give expression to II is 10
vote for the Democratic electors. and thus get the
national administration In harmony with their
IDEAS and a Democratic state ticket
which stands for their reform. Democratic Legis-
law but elect Mr. Farrelly to vote for reforms In
the United States Senate. and then the Republicans
of Kansas ought to complete their work by electing
T,ernocra-jr members of Congress to help reform
the rules Of the House and help TO carry out the
reform pledged In the Democratic platform
Mr. Brvan made three other addresses. two from
the veranda Of the hotel and the third at Garfield
Pythias his theme there being Fraternity.
NO DEPOSIT GU1R1NTEE.