Coeur d'Alene evening press. (Coeur d'Alene, Idaho) 1907-1929, 1908-08-28

TOPEKA, Kan, Aug. 2S.-Before
an audience which filed the audi
forum to overlooking, William J.
Bryan, democratic nominee for presi-
dent, last night spoke on the sub
ject of the guarantee of bank de-
posits. Previously he had delivered
three other addresses, two from the
veranda of the hotel and the third
at Garfield park, where he attended
a picnic by the Knights of Pythias,
his latter theme being Fraternity"
The democratic candidate and his
party arrived here at / O'Clock and
were at once taken in hand by a
reception committee composed of
leading democrats OF the city and
state, and conducted to the hotel in
automobiles. A great crowd greeted
Mr. Bryan at the station and at the
hotel.
AS announced by him before his
departure from Kansas City, Mr..
Bryan, in view of the action Of the
Kansas republican state convention,
which Endorsed the guarantee of de-
posits proposition. made some re-
marks supplementary to his prepared
speech on the subject, saying:
II asked Mr.. Breidenthal, banker
of Kansas City, to make inquiry
among bankers of Kansas and as
certain what proportion of them IA
fored the guaranty law, l learned
that of the bankers that had ex-
pressed themselves on the subject
three fourths favored a guaTan-
ty law and one-fourth opposed it..
This is an excellent showing. Among
the depositors there is no opposition
at all and it is evident that the Kan
sas bankers recognize. first, that
something must be done and, second,
that the guaranteed bank is better
than the postal savings bank.
81 also inquired of Governor Has
kell in regard to the number of ma
tional banks which have surrendered
their charters and become state
banks in order to have the benefits
telegram from him saying that four
national banks have already made the
change and are operating under the
state bank laws and that l 6 other ma
tional banks have applied for state
charters. This is conclusive proof
that the Oklahoma law is a success
A national charter is supposed to
have some advantages over a state
charter and the benefits of the guar.
anty law must be admitted when 20
national banks will in a short time
change from the national system tC
the state system lin order to give
their depositors the advantage fur
nished by the guaranty system.
Guaranty Plan in Kansas.
'Since the preparation of m!
speech on this subject the republican,
of Kansas have held a convention and
adopted a state platform. The planl
on the guaranty of deposits is rec
ognition of the necessity for securit!
but the plank is SO worded as to b,
useless SO far as the protection o
cans propose to enable the stat
banks to mutually and voluntarily
guarantee deposits. But that is no
enough. Suppose that the bank
l. 81 u
positors be left unsecured?
The Kansas republican platform
also requests the republican candi
dates for congress and the Unite
States senate to favor a law in aid
ing a national bank to participat
in the proposed mutual and voluntar
system. But what chance is Their
of securing such a law when the RI
publican national convention refuse
to pay any attention to the saoieC
and when the republican eandiGai
opposes the whole principle of IN
guaranty?
Says Taft Denounoes Scheme.
Mr.. Taft's denuneiation of II
guarantee system is so sweeping thu
no disinterested person can for
moment believe that he win eith'
encourage or permit a law enablin
national banks to participate in sta
systems. What the people need
a system whereby both state and nj
tiOnal banks viii be compelled
guarantees deposits. and only q dem
cratic victory can secure this reforE