Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1908-10-29

No issue IN this campaign appeals
more strongly to the individual than
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-
scented this issue in simple and most
convincing way. He said:
Z "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 person
in this audience who is not able to
understand it. | do not mean that
every one, everywhere, can understand
1t. l 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 ii 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 1t out again. Now, my friends,
there are just two questions to be con.
sidered in this matter One of these
i 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 oul
arguments in support of it, my atten
ton was called to an advertisement il
one of the papers. In my speech hat
said that you could insure your house
you could insure your life, you coulC
insure your buggy or your barn. bu
that you could not insure your money
And in this advertisement my Ian
guage was quoted and the advertise
meuI went Oh 10 say IUdU was mis-
taken. for a certain fidelity compan,
was prepared to insure deposits. Ant
then 1 found cut how they do it dow
there. You put your money in bank
and then go and get somebody to in
sure it so that you can get it out of tn
bank again. I believe the time ha
come to compel all the banks to STAN
back Of the banks and make good tn
presumption upon which you deposi
your money in the bank.
Now, my friends, you may ask
the banks are not now sufficiently Sc
Cured. That is what the bankers say
They will even tell you that only occi
sionally a bank fails. but the troubl
is that we cannot tell in advance whic
bank is going to fail Look at the N
tice they hang up. Does it say, 'thi
bank will fail?' No, the notice say
this bank is closed and if banker
follow out this plan / will agree not I
urge this insuring of deposits LIZ
the bank give notice three months i
advance of a failure so the people ca
get their money out before the failur
do you think the banks are sufl
GENTLY secure now? The postmaste
general says. in his report in fave