The Marion daily mirror. (Marion, Ohio) 1892-1912, 1908-10-28
|EASHY UNDERSTOOD
Mr.. Bryan Shows Why the In
diyidual FaVors Protection,
Of Bank Deposits.
A MATTER OF INrELLIeENcE
Banks should Attend 70 the Banking
Business and Not the o
Government. n!

sands and thousands of republicans
viii vote for Mr.. Bryan on account OF
this one issue, which he has presented
SO clearly to the people of the nation.
In a recent speech MIR. 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 | suppose there Is not a person
in this audience who is not able to
understand IL. | do not mean that
every one, everywhere, can understand
II. / draw the line here: When every
person reaches the period of intel
lectual development, where he is able
to see that when a man puts his money
in the bank he ought to be able to get
II 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 1t for
granted. however, that you are all
sufficiently advanced to be able to
understand that when you put your
money in bank you ought to be able
to get II out again. Now, my friends,
there are just twojquestions to be con.
sidered In this matter One of these
have given You. The other question
Is, who must make II secure? Our
position is that as the banks make
their profits out of the peoples money,
the bankers ought TO give the insur-
apce the people require. Now, | had
supposed that that was a self evident
truth and that It would not be denied
81 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 II, 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 certain fidelity company
| was prepared to insure deposits And
then | found out how they do 1t down
| there You put your money In bank
and then go and get somebody to in.
sure II so that you can get IL out of the
/ bank again. 4 believe the time has
come to compelEall the banks to stand
back of the banks and make good the
presumntion upon which you deposit
your money in the bank.
| FRITZ 40 oh
the banks are not now sufficiently Sc
cured That IL what the bankers say
They wiz even tell you that only occa
sionally q 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 1t say, this
bank will fail" No, the notice says
this bank is closed and II bankers
follow out this plan ! will agree not tC
urge this insuring of deposits Le
the bank give notice three months II
advance of failure so the people car
get their money out before the failure
do you think the banks are sufi
ciently secure now? The postmaster
general says, in his report in favoI
: of the postal savings bank, that we are
sending millions OF dollars to Europe
/ to be deposited In government say
!, ings banks there, and the people who
send their money there would rather
send it across an ocean three thousan(
miles wide than to risk the banks o.
this country. | say to you that W.
ought to make our banks here so Sc
, cure that money will not be driven ou
OF the United States to find saft
, place OF deposit. That money which /!
driven to Europe ought to be kept here
and used in the business of this coun
try, Not only does money go TO Eu
: rope. but money goes into hiding, anC
this is about the time of year when W,
discover some of ii, You will see II
the paper every once in a while tina
, Mrs. So and So for the first time thi
fall made a fire and was mortified L
, find that her husband, without he
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 II | were banker
|, would be ashamed TO have an old raj
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 Il
D. the United States that can get a dolla
of Uncle Sans money without putin!
, up security, The state demands sc
curlty; the county demands security
the city demands security; and eaol
village demands security and the fra
ternal orders are now demanding sc
curlty, and believe the time has com
when the farmer, the merchant an,
the labo-ing man should have securit
when they put their money in a bank
In Oklahoma they have had thi
u plan In operation for now some ST
months. learned OF one failure ther
and In fol ty-two minutes after tn
bank suspended, the man In charg
had an order from the government t
!. pay every deIosltor in full, and tn
business went on without interruption
And when he telephoned out to tn
farmers and said to them, The ban
) has suspended, come in and get you
money, they answered, we are bus
with tho crops now, we will he in In
few days Is II the way you do her
| / In, vhnn L.