The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-11-24
AoaMAnAv BANK EAlLuRE.


The failure of the isornaday bank
at Fo-t Scott. Kansas. Is one The
Leader desires to use in furtherance
Of its attempt 70 get the bankers to
see the futillty of their hght against
guaranteed bank deposits.
The news dispatches relate that the
bank will pay each depositor and there
was little II any occasion for the
closing forced By people being
frightened"
There is the meat in the big. round
coeoanutl
Depositors do get frightened, and
the character Of thirty years; battle
SCARED warrior for Fort Scott avail
ed nothing 10 Grant Hornaday! He
was the owner OF property. operated
the street car lines, and he had thous-
andS upon thousands Of dollars worth
Of good securities He had never
broken a financial promise or pledged
his word TO any one or any purpose
that he had not made good the pledge
and tho manner OF making and re-
deeming was ever that of an honest,
public spirited citizen.
Hut the people were frightened!
a brother of Hornaday's has an in
valid wife and he desired 90 seek a
mountainous country. hence wished to
sell his interests. Grant Hornaday
did not have the funds TO purchase
MS brother outright and asked others
to take his interests; this hung fire
and another deal failed to be carried.
tnen, causeiessly, YOU may say. Is run
started and thousands OF dollars, hard
earninga Of Grant Horneday, were
swept before that mob OF frightened
dapoaitofs--all OF them the neighbors
and friends OF Grant HornGday; a
qhird Of them. perhaps. owe their A.
nancial prosperity to his aid in time
of stress and guidance whilst the sun
shiite OF prosperity was blessing their
efforts.
Had the state OF Kansas q bank Je-
posit guarantee law the bank would
he as II ever was AMI the deposltors
would have their money and their
neighbor and friend, Grant Hornaday,
would not have suffered by the manly
sacrifice loss he made to save ais
siame and the bank
The same Is likely 20 happen to any
bank. The people are afraid.
II would be the top sheaf of rldl-
cnlous childishness TO assert there is
a banker west OF the Missouri river
who stood higher in the estimation of
his 0cQmaintances than Grant lIorna-
DAY. He was the lord OF Fort Scott.
Father Son and Holy Ghost" was
f..I. .a4.
Some years ago when Eastern Kan.
sas was the center Of great business
revival, oil. gas, coal, lead and other
valuable minerals were added to an al.
ready splendid agricultural domain
and that section became u wonderland
Cities grew up, rivals for prestige am
men OF iron business courage, quick,
yet all firm and upright were re
quirei and Fort Scott prosperei ani
Grant Hornaday was the mastermind
OF that prosperity He held the reins
when the people We're over cnthused
he pushed when lassitude came upon
his neighhors. AS he prospered he
ppt the money into Fort Scott and all
that he had his hopes, ambitions AMI
his very life were dedicated to that
beautiful city.
All this availed him naught when
Inc people could not understand why
his brother should wish TO leave the
city. Then he wanted to rest and
propose5 TO have his bank join an
other and because that deal lid not
reach contamination tae public com
meaced 40 gossip, AT last st
L.ouisan who had figured on becoming
interested returned 70 HIS home, and q
panic followed
Il could happen TO any bank An
Grant Hornaday needed was the strong
imperial commonwealth OF Kansas tO
nave voice and say that this man
WAS sound--the deposits safely inves
ted and available in the natural order
OF business
u Is lard 10 lead the battle 70 reyO-
lullonizc a business institution; aoub-
ly so when men behind the bank
counters are Interested. They are
CONSERVATIVES according to the usual
USAGE. but IN reality they ara moored
20 the surroundings OF their own on.
servations anl hea- not the rumble
Of the demand for a change. And
the aGNap9e Is going 20 make them
mopeX. ppnest iwell-eagneds money,
and bring safety. peace and content
ment where now all are subject to the
elamor OF the frightened public. And
a frighteDel public. II you please. can
so eeslly be made a mob