The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1908-11-02
HOW TRACY
PROVES Things
He solemnly Declares That Tabled
Committee Report is an
Endorsement Of an
Idea.
HE TELLS HIS PLATFORM
Also Declares That a Five Percent
Guarantee is the Same as One
Which Guarantees
100 Percent.

George S. Tracy of Burlington, dem
ocratic candidate for congress for the
First district, spoke at the county
court house Saturday evening and
made a couple of explanations. He
said that he objected to the newspa-
pers stating that he was telling
falsehoods in his campaign and at
tempted to prove that he always spoke
the truth.
He had been accused of falsehood
when he said that New Hampshire and
Massachusetts had tried the guaran-
tee bank deposit scheme for thirty
years and he objected to this.
Here was his proof; That these
states had safety fund law which
provided that banks should keep a
fund of 5 per cent of the deposits for
the protection Of depositors If the
bank busted, the depositor with 500
in the bank was sure of getting SO, or
only per cent of whatever sum ne
had in the bank. Tracy claimed that
this was the guarantee of bank de-
posts and therefore he had told the
truth when he said these states had
tried the great scheme of the demo-
cratic platform which is for the guar
antee of the entire deposit of the bank
customer.
He also proved that he was right
when he said that the bankers of Iowa
had endorsed the plan, by reading
from the proceedings of the state as
sociation where the scheme was
recommended twice by committee
and each time turned down fiat by
the convention by majority vote. He
seemed in earnest in trying to make
his audience believe that this was
real endorsement of the scheme,
when if fact. by his own proof, the
matter had been turned down twice.
Tracy's Address.
Henry G. Seeman called the meeting
| to order and called Cortes Maxwell as
| chairman who said that he talked
/ through the end of a lead pencil and
j not through words. He introduced
Mr.. Tracy without further ado.
Mr.. Tracy began by stating that ne
believed every. candidate who is run
ming for an office in which laws are
made. should come before the voters
and tell Just how he stands. If he
does not do this, he is either afraie
has some hidden motive or is asham
ed Of his party.
& | am running on platform and as
ISOLATED with candidates of whom
am not ashamed I want the vote o
every man, white or colored. that
can get. No great political battle wa
ever won by abuse. I believe in TIN
; truthfulness of political speeches ant
/ believe every word utter to you to
! night.
He then read list of the things h
: promised to support If elected, inclue
] ing: Guarantee of bank deposits: i
! favor of the labor plank in the demo
. cratic PLATFORM a reduction Of tn
i tariff laws on trust made goods an
farm machinery; the passage of pei
sion bill of 81 per day to every soldie
who carried musket for IS month
i and the publishing of campaign e!
9 penses before election.
V That is mis- platform, SO he said, an
t he promised to vote for all of thcs
S bills and for any bill that the peop
r shall rule. The speaker then toe
= up each of the planks in his own pla
form and spoke at length on them.
r, He was unutterably opposed TO IL
postal savings bank plan, beiievir
0. that it would be the death of ever
savings bank in the country.
r. The guarantee bank deposit schen
was the real thing in his mind +
W said that it was not a new scheme b
had been tried in Oklahoma and w
lg great, bank busting down there al
u every depositor getting their mon
the next day, excepting farmer WI
the next week.
tn The honest man will never obje
a to being watched. The dishonest M
S. will always kick.
of He cited bank at Carroll, orgs
in lied in 1868. which went broke, also
| bank at Charlton and several othe
oh including one in Ohio, Taft's o'
is state, which failed and the deposite
v" got left because the deposits were I
di- guaranteed. After talking over
les matter with bankers in Chicago, B
in lington and other little towns, he S;
at that he had not found one banker
clr. who would rather have had guaran
of deposits than postal savings.
bank is immune from run if the
for positors all start at once.
ote He thought the objection to the gu
the antee plan was not to the plan, but
cause of the party which urges
the plan. He called attention to the Flo
or hill a renuhlican measure m I