Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1908-01-13

their sales would not be cut off. but
would keep right on Tens of thous-
ands of travelling men, right now,
are having their 1907 income cut
down one-third or more, because
their sales are cut off. If you do not
believe it, ask any travelling man you
meet.
SiXth-This plan would be a good
thing for the retail merchant. be-
cause manufacturers and wholesale
merchants would not be so tight on
their credits. Next, they could, with
less danger, borrow reasonable
amounts from the banks; next, their
business would be bigger because
people who farm would get stable
prices for what they raise, and men
who earn wages would have Jobs. 1t
would benefit the clerks who work
In retail stores, because they would
not have their salaries cut down and
not be thrown out of their jobs.
Seventh-This plan would be a
good thing for real estate owners, be-
cause real estate values would not
take sudden drops, and because the
money they owed to banks would not
be suddenly called in.
Eighth-This plan would be a
good thing for builders, for the same
reason it would be a good thing for
owners of real estate.
Ninth-This plan would be a good
thing for farmers, because there
would be plenty of money, that
, would safely circulate, to move leir
crops. 1t would also be good for t. 4
farmer, because the prices of h.
| crops would keep more or less even,
instead of falling down all at once
because money got tight.
Tenth-This plan would be a good
thing for people who work for wages,
because they could always have jobs.
Eleventh-This plan would be a
good thing for bankers themselves.
First, because if the people who had
their money in the banks knew that
the government guaranteed that they
could get it whenever they wanted it,
they would not want it, and there
would be no runs on banks. The
banks could do safer business.
Second, the banks could loan a great
er percentage of their deposits, be-
cause they would not be scared all
the time, because they were afraid
of run. Third, the amount of bus
mess that the banks would get from
the greater percentage of deposits
they could loan, would, many times
over, pay the amount the government
would tax them for the purpose of
guaranteeing deposits and for estab-
fishing a system of thorough bank
examination.
Twelfth-This plan would not be
a good thing for stock gamblers, be-
cause if the government were guar
anteeing depositors they would see
to it that no money was loaned on
stocks with too much water in them.
But this plan would not be a bad
thing for the man who wished to buy
stocks for legitimate investment.
Thirteenth-This plan would not
be good thing for over-capitalized
trusts, because they could not bor-
row more than they ought to have,
and because no one bank should be
allowed to loan more than a reason
able percentage of their capital
stock, which amount they could lose
and still be sound.
Fourteenth-This plan would be a
good thing for every legitimate bus
mess, for all of these above reasons
and it would prevent any panic that
might otherwise arise, because the
country would not be subjected to
the will of few financiers who, un-
der the present banking system can
cause panic any time they want it,
by refusing to give to their deposit
tors their money, upon demand.
State Banks.
Mr.. Bryan's solution of the state
bank problem is an easy one. The
states would have to guarantee the
depositors in state banks. Just the
same as the government would guar
antee depositors in national banks,