Coeur d'Alene evening press. (Coeur d'Alene, Idaho) 1907-1929, 1908-10-30
EASILY UNDERSTOOD
Mr. Bryan Shows Why the In
diVidual FavoFs Protection
Of Bank Deposits.
MATTER OF INTELLIGENCE
Ranks Should Attend 20 the Banking
Business and Not the
Government.


the protection Of bank deposits. Thou
sands and thousands OF republicans
win vote for Mr. Bryan on account Of
this one issue, which he has presented
SO clearly 10 the people of the nation.
In recent speech Mr.. 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 IL the simplest and most
easily understood. Why, my friends,
this question is 80 easily understood
that suppose there is not q person
In this audience who is not able TO
understand 1t. i do not mean that
every one, everywhere, can understand
H. ! draw the line here: When every
person reaches the period OF intel
lectual development, where he Is able
10 see that when man puts his money
In the bank he ought to be able 70 get
Il 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 Il for
granted, however, that you are all
suiiiciently 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 two questions to be con.
sidered In this matter. One of these
] have given you. The other question
~, who must make II secure? Our
position IL that as the banks make
their profits out OF the peoples money.
the bankers ought to give the insur-
ance the people require. Now, l had
supposed that that was q self evident
truth and that 1t would not be denied.
Il have made no speech without dis
GUESSING 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 1t, 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 a certain fidelity company
was prepared TO insure deposits. And
then | found out how they do II down
there. You put your money in a bank,
and then 60 and get somebody to In
sure Il so that you can get It out Of the
bank again. believe the time has
come to compel all the banks to stand
back OF the banks and make good the
presumption upon which you deposit
your money IN the bank.
WMnw ruv fRfanaa x,r., -. - ~
the banks are not now sufficiently Sc
cured That Is what the bankers say.
They viii even tell you that only occa-
sionally bank fails, but the trouble |
- that we cannot tell In advance which |
bank Is going to fail. Look at the mo- |
tice they hang up. Does It say, this |
bank Will fail?' No. the notice SAYS
this bank is closed. and If bankers |
follow out this plan win agree not 10 |
urge this insuring Of deposits. Let
the bank give notice three months in |
advance OF failure so the people can |
get their money out before the failure |
DO you think the banks are sum. |
ciently secure now2 The postmaster
general says. In his report In. favor |
OF the postal savings bank. that we are |
sending millions of dollars 10 EuroDe |
to be deposited in government saw. !
ihgs banks there. and the people who |
sond their money there would rather |
send II across an ocean three thousand /
miles wide than to risk the banks of |
this country. l say 10 you that we |
ought To make our banks here 40 ne. /
cure that money will not be driven out /
OF the United States to find a safe
place of deposit. That money which A
driven to Europe ought to be kept here
aud used In the business OF this coun.
try. Not only does money go TO Eu.
rope. but money goes into hiding. ana
this Is about the time OF year when we
discover some of it. You will see in
the paper every once IN while that
Mrs. SO and So for the first time this
tall made a TIRE and was mortified to
nnd that her husband. without her
knowledge, had been using It as a
bank. A man In New York said last
tall, when the panic was on, that a
billion collars was IN hiding under car.
pets. do not know whether that
estimate Is too high or too low, but /
know this. that II l were a banker /
would bo ashamed 10 have an old rag
carpet running rivalry with me a. a
safety deposit vault. IN time OF danger
IL any man says that the banks are
sufficiently secure ! win remind him
that there il not a national bank m
The United States that can get q dollar
of Uncle Sans money without putting
ap security The state demands &c.
e0rity; the county demands security.
The city demands security. and each
village demands security: and the FRA.
iernal orders are now demanding se.
eurity, and believe the time has come
when the farmer, the merchant ana
The iahoring man should have security
zen they put their money In a bank.
n Oklahoma they have had this
en- in operation for now some slx
months learned OF one failure there
and In forty-two minutes after the
bank suspended. the man In charge
lad an order from the government Is
pay every deposition IN full and the
business went on without Interruption.
And when he telepAoned ont 10 the
farmers and said 10 them s7rha ha,,b.