Mountain Home maverick. [volume] (Mountain Home, Idaho) 1906-1911, 1908-10-29
EASILY UNDERSTOOD
f.1r. Eryan Shows Why the In
dividuaI Favors Protection
Of Bank Deposits.
A LATTER OF INTELLIGEUCE
Banks Should Attend to the Banking
business and Not the
Government.

the protection OF bank deposits. Thou
sands and thousands OF republicans
will vote for Mr.. Bryan on account OF
this one issue. which he has presented
so clearly to the people of the nation. !
In recent speech Mr.. Bryan pre-
sented this issue In simple and most
convincing way. He said:
''Of the many policies proposed in
our platform. the protection OF bank
depositors is the simplest and most
easily understood. Why. my friends,
this question is SO easily understood
that 1 suppose there is not person
In this audience who is not able to
understand It, | do not mean that
every one. everywhere, can understand
it. | draw the line here: When every
person reaches the period of intel
lectual development, where he is able
to see that when man puts his money
in the bank he ought to be able to get
1t again. he ought to have intelligence
enough to understand this subject; but
until he gets to this point / do not
know how to reach him. / take it for
granted. however, that you are all
sufficiently advanced to be able to
understand that when you put your
money in a bank you ought to be able
to get it out again. Now, my friends,
there are just two questions to be con.
sidered in this matter. One of these
have given you. The other question
is, who must make it secure? Our
position is that as the banks make
their profits out of the peoples money,
the bankers ought to give the insur-
ance the people require. Now, had
supposed that that was a self evident
truth and that it would not be denied.
Il have made no speech without dis
cussing the guaranty of bank deposits
in all parts of the country After |
had made my speech in Baltimore, ex-
planning our system and presenting our
arguments in support of it, my atten
ton was called to an advertisement in
one OF the papers. In my speech had
said that you could insure your house
you could insure your life. you could
insure your buggy or your barn, but
that YOU could not insure your money.
And in this advertisement my Ian
guage was quoted and the advertise
ment went on to say that | was mis-
taken, for a certain fidelity company
was prepared to insure deposits. And
then found out how they do it down
( there. You put your monev in a bank.
and then 90 and get somebody to in
sure it SO that you can get 1t out of the
bank again. | believe the time has
come to compel all the banks to stand
back of the banks and make good the
presumption upon which you deposit
your money in the bank
''Now. my friends, you may ask if
the banks are not now sufficiently Sc
cured That is what the bankers say
/ They viii even tell you that only occa-
sionally bank fails, but the trouble
is that we cannot tell in advance which
bank is going to fail. Look at the no.
tice they hang up. Does it say. this
bank will fall? No, the notice says
this bank is closed and if bankers
follow out this plan | will agree not to
urge this insuring of deposits Let
the bank give notice three months in
advance of failure so the people can
get their money out before the failure
do you think the banks are suffi-
ciently secure now? The postmaster
general says, in his report in favor
OF the postal savings bank. that we are
sending millions of dollars to Europe
to be deposited In government saw
ings banks there, and the people who
send their money there would rather
. send 1t across an ocean three thousand
! miles wide than to risk the banks of
this country. say to YOU that we
ought to make our banks here so Sc
cure that money will not be driven out
of the United States to find a safe
place of deposit That money which Is
! driven to Europe ought to be kept here
and used In the business of this coun
J try. Not only does money go to Eu
rope. but money goes into hiding. and
this is about the time of year when we
discover some of IL. You will see In
the paper every once in while thai
Mrs. So and So for the first time this
fall made q fire and was mortified L
!. find that her husband without hel
( knowledge had been using 1t as
bank A man in New York said las
fall when the panic was on. that
billion dollars was in hiding under car
pets. do not know whether tina
estimate is too high or too low. but
know this. that If were a banker
would be ashamed to have an old ra.
} carpet running rivalry with me as
\ safety deposit vault. in time of danger
IF any man says that the banks ar
sufficiently secure | will remind hin
that there is not a national bank i
the United States that can get a dola
of Uncle Sans money without putin
up security. The state demands 81
curity; the county demands. security
the city demands security, and eac
village demands security; and the fri
ternal orders are now demanding S,
. curity, and believe the time has com
- when the farmer. the merchant an
the laboring man should have securit
= when they put their money in banl
In Oklahoma they have had TIL
plan in operation for now some 81
months. ] learned of one failure theI
and in forty-two minutes after II
bank suspended, the man in chars
had an order from the government
pay every depositor In full. and 4