The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1908-10-29
nERRlcKs ApPEAL no sANke.

0EhnlNNS = AFTERI " bAINN0s |
An appeal is being sent out TO the
bankers of Ohio by Myron T. Herrick
in behalf of the Republican National
Committee for funds to carry on the
campaign against the guaranty of
bank deposits Following is ver-
batim copy of the letter:
Cleveland, o., Oct. 10, 1908.
My Dear AS you know
the Democrats platform this year
contains plank committing that
party to the guaranty of bank de-
posits; and Mr., Bryan and other
Democratic speakers are making this
one of the paramount issues of the
campaign. Such a proposition is alb
solutely opposed to every principle of
tfound banking, as you, of course ap-
preciate. Under the circumstances, it
seems to me that it is the duty OF
every one interested in wise banking
legislation to do his utmost to defeat
the party that stands for such dan
gerous doctrine.
In this connection / have been ap-
pointed by the Republican National
campaign to secure contributions in
the state of Ohio for the purpose Of
the national campaign. Under the
circumstances 1 hope you can see
your way clear to make liberal con-
tribution, as the party this year de-
pends solely upon individual sub
scriptions. Kindly mail your check to
General G. A. Carretson, at 720 Cuya-
hoga Building. Yours very truly,
Myron T. Herrick
Now you voters who have money in
the bank or who have it hid in youi
homes because you are afraid to de-
posit it in banks, or who wish you
had some money to deposit in banks
but haven't got it on account of this
Roosevelt 6. o. p. panic, which Roose-
welt and Taft and his whole cabinet
together have been unable to stop for
a whole year, what do you think of
that?
This is your former governor ap-
pealing to banks to stand in their own
light by opposing their own welfare
and your security.
| Uncle Sam, the state of Ohio, town
and township require security when
they deposit money in banks, but the
private depositor must take his
chances. When a farmer goes to bor-
row money from bank he must get
other farmers or somebody of means
in town to go his security. When the
from the bank, he must do the same
thing.
But when you go to lend your
money to the bank in the form of a
deposit and ask your banker to give
other bankers for security that you
will get it again when you want it,
you the told that ii is "a dangerous
doctrine" and the whole Republican
party is trying to prevent you from
having that kind Of security.
But here is your former governor.
whom you love" so dearly that you
defeated him for reelection three
years ago by over 10000 majority,
begging of banks to contribute to the
Republican campaign fund.
| Such contributions as Herrick ex-
poets from the banks of Ohio. would
be greater than they would have to
pay into a common fund to protect
their depositors. Mr.. Herrick seems
to think that banks have plenty OF
money for campaign funds hut not a
cent TO guarantee deposits
This one act alone by your former
governor should be sufficient to per-
suade you to go to the polls on
November and defeat Herrick's can
didate for President, Mr.. Taft, by a
greater majority than you defeated
Herrick three years ago.