The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-07-28
coLoRApo eANKERs.

AT meetlnB OF the NolviouV "
ers IL Colorado Springs, D. H. Dougan
q Henveri banker, led the fight against
the guaranteeing Of deposits in the
banks. This man won his battle only
after much labor and force Of his poy
sitior, in the financial world Of Colo
rado and surrounding states.
Mr. Dougan made one very grave
error in stating his objection, VIE
that ii is offered as a panacea for the
ills Of banking The law has been Of
benefits TO banks. it Is true, but was
intended to be for the people and not
for the further protection Of the BANK
erss It requires no special elffort to
see why rich bank. well conducted
and having board OF directors might
il The directors be OF no greater call
her thau Dougan, at first think they
would be benefited by having the
smaller bank kept in subjection TO the
larger institution stu that has not
been demonstrated in this state.
But few years ago and Denver
was the most desolate city OF any
land. Her best citizens were bank.
rupt and her laborlng men were act
ually in want Her palaces we're de-
serted. the rich being glad to live IN
\ cottage. and her great granite bust
ness structures contained not the light
Of electricity Of nights, proof posi-
tive OF the woe that had overtaken
the mountaia metropolis. Down the
state. over on tue table lands the
howl Of the coyote was the only dis
.s,tarhing voice ia this great domain,
whilst the lynx and the cougar alone
stood guard at the entrance Of the
great silver mines of the state. Her
tons OF black diamonds We're allow
ed 70 remain in plain view OF who was
so fortunate TO have to pass BY
Men sold or gave away their prop
efty IN many points. and Coiorauo
became famed tor the misery found
within her borders.
There was one man in that land
who stood true and brave, and into
the pulseless arterics of Colorado
commerce he pumped his millions.
bringing the prosperity which now
shines AMI sheds its rays Of light and
warmth for whOsoyer may come and
enjoy q the fullest extent.
lie made the snow OF the noun.
tains the crop.inspiring waters for the
valleys; he sent the bands OF steel
10 the very ,mountain peaks, and
thousands Of people followed into
those snos cioAned, aboye-tne cloud
eontineis for health and wealth He
prougko prosperity alike to the hill
dweller and the man on the plateau
plains merged little roads into a
large one and made the parks world
famed Tor their beauties.
Today after the lesson Of persist.
enee taught sees millions upon mil.
lions OF wealth ia the Ceatenial state
Denver IL one Of the model cities OF
the world and the belching smoke
al Pueblo and Durango, Cripple
creek and smaller cities still make
the residents OF that state think OF
the times when first issuance from
thQSa ffafs on commercial structures
sent 4 8pat lee day OF distress was
II was not hidebound partisanism
and selfishness that brought back "a
the state of Colorado the goddess OF
prosperity nor viii the oneideaed
policy as exemplfied az Colorado
Springs make that state oHs after
whom al win trail to secure the Desi
there Is for government.
Colorado leads no force for the bet
terment OF these United States. It a
rich beyond power 10 describe, and
forgive the reference. Il is lawlese
beyend desire TO describe Il rs N,
home. alike Of culture and beauty. ol
sCualof and anarchy where the ex
alted dfaW OF 10 themselves, as die
the Ph6risee Of oiden time and wher,
The defenders OF that which degradei
ply their various trades" with prac
tical Immunity from law or punish
ment
Colorado bankers need not so mucl
advertising as they do revising o
ideas needgless deposits and more re
positories q Fkle Information as &
how 10 brseeed for advantage OF tn
state
The speech OF Mr.. Dougan, allege'
10 be replete With W.T. npathos hn,
sound discussion OF Mcls' -re1iha
~ that time IN the long ago whei
those ri our axe spoke Of Greciai
iEhDfance ana lack OF oratOrlcai aDi
ny al Rome in fact DOugan may b
tsgh school dcbater. but as the kel
note spieler for the commerce OF Co
orado, he Is sounding brass an
f'nkling cymbal"
And when he speaks Of laws passe
in this state. please bear IN mind the
arc Intended for the people not bank
or CLASSES That. Of course Is
strange plan 70 men like Dougan. bt
they are nonethe less beneficial |
the state