Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1908-10-14
o, Consistency!

Consistency In matters pertain
ing to matters of morals and
the public good should be the
predominating characteristic of
politicians. That the Republican
party is not consistent in regard to
''bank guaranty" of deposits will
be fully demonstrated by the fol-
lowing:
Governor Hoch called a special
session of the legislature and
among the recommendations was
the bank guaranty theory. Such
Republicans as Horace White,
and Lyman ]. Gage are in favor of
it as will be seen from the follow
ing from the Saturday Evening
Post, also chairman Fowler who
had charge of the bill:
In stealing campaign thunder neither party
has a monopoly. Mr.. Bryan's proposal to in
sure bank deposits is of republican origin The
bill introduced by the chairman Of the House
Committee on banking and Currency in jan
uary last reported by the committee Febru-
airy 2O provided that the banks should deposit
with the Ire asury five per cent Of their not Q
issues and deposits. creating q fund"to
guarantee the payment of all individual de-
posits. banknotes, bank deposits and Govern
| ment deposits without discr minatio or Or ef-
erence." The bill was recommended BY such
eminent financial authorities as Horace White
and LYMAN j. Gage, Secretary of the Treas
ury under Mckinley.
Defending the deposit-insurance feature.
| Nhoir hot kko
acter of banks was recognized by Govern
ment supervision of them. and many people
ignorantly supposed national bank must be
safe because the Government stood behind it.
Il assert" he wrote, that Government
supervision, state or national, should be with
drawnland the public be left to the terrific.
school of experience; or that the Government
should completely perform its work and i'm
pose such obligations upon the banks as will
| truly justify the confidence the people have
in these Quastpu5lic institutions"
| All this, of course, is recent history-to
which we refer merely because good many
enthusiastic Republican organs are citing de-
post insurance as an example of the Demo-
cratic minds peculiar Inability to insanity.
Still more recently ]. Q. Royce
has declared for it as will be seen
by Topeka dispach of October
ISt.
i have for more than three years been an
earnest advocate of the passage of a law
providing for the gathering of fund to be
placed in the hands of the state treasurer, to
guarar toe the prompt and immediate payment
| Of the depositors in all closed banks in this
stare. The position which have taken is not
in response to the demand of the depositors,
nor to increase the security which they now
have, but in my opinion such a fund, held by
the state treasurer and administered by the
banking department, will so inspire those
who do not now deposit their money in banks
with confidence, that all of the surplus money
of the country will be deposited in the banks
and put in circulation.
And it is safe to say that o5 per
cent of the voters of Kansas are in
favor of a compulsory guaranty of
deposit.
To all of the above William H.
Taft is opposed and William ].
Bryan IS in favor.
The Republican National plat
form is silent on the subject while
the Democratic National platform
has adopted the guaranty principle
as one of its planks. Now let us
compare the two state platforms.
The Republican platform reads
as follows:
We pledge ourselves through our candi-
dates for the legislature to the passage of an
act enabling the state banks of Kansas to
mutually and voluntarily guarantee deposits
under the supervision of the Bank Commits
sioner's department and request our candi-
dates for Congress and the United States
Senate to favor a law enabling National
banks to participate therein.
Banks have been in existence a
great many years and have had
that privilege for as many years as
they have existed still they never
have mutually and voluntarily
agreed to guarantee the deposits.
We can only judge their future con-
duct by their past actions. The
democratic state platform reads as
follows:
We pledge the people of Kansas that we
will enact a bank guaranty law that will
| AA4oAO oOcOAASO'J ooAO OfOAJ OOAl6r OF money
deposited in state bank. Such guaranty to
be under the control and supervis Of the
State.
1t says to the bankers, eve will
compel you to guarantee your de-
positors or 60 out of business"
Read those planks carefully and
then vote your sentiments. If you
are in favor of the "bank guaranty"
vote for Hon. w. G. Afford, as he
is pledged to enact the principle
into law; but if you are against
the proposition vote for Samuel
Griffin. There can be no middle
ground.