The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1908-10-28
EASILY UNDERSTOOD.
Mr. Bryan Shows Why the In
divldual Fayors Protection
of Bank Deposits.
a MATTER OF INTELLIGENCE
Banks Should Attend to the banking
Buslncss and Not tho
Government.
a MATTER OF INTELLIGENCE

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
80 clearly to tho people of the nation.
In recent speech Mr.. Bryan pro
sented this issue in simple and most
convincing way. Ho said;
"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 q person
in this audience who is not able to
understand 1t. l do not mean that
every one. everywhere, can understand
It. I draw the line heres 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
It 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 1t for
granted, however, that you are all
sufficiently advanced to be able to
understand that whom you put your
money in bank you ought to be able
to get It 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
is, who must make 1t secure? Our
position is that MS 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 1t would not be denied.
II 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 our
arguments In support of 1t, my alton.
tion was called to an advertisement In
one of tho 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
mcnt went on to say that i was mis-.
taken, for n certain fidelity company
was prepared to insure deposits. And
then found out how they do 1t down
there. You put your money in n bank,
and thon go and get somebody TO In
sure 1t so that you can get 1t 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.
Nov, my friends, you may ask II
/ 10 hon Lc n.
cured That Is what the bankers say.
They will even tell you that only occa-
sionally a bank fails, but the trouble
is that we cannot tell in advance which
bank is going to fail. Look at tho no
tice they hang up. Does 1t say, this
bank will fall? No, the notice says
this bank is closed and II bankers
follow out this plan win agree not to
Iurge this insurlng 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 tho banks are sufii.
ciently secure now? Tho postmaster
general says, in his report in favor
of the postal savings bank. that we are
sending millions of dollars to Europe
to be deposited In government saw.
ings banks there, and the people who
send their money there would rather
send 1t across an ocean three thousand
miles wide than to risk the banks of
this country. say to you that we
ought to make our banks here so Sc.
cure that money will not be driven out
of the United States to find safe
place of deposit. That money which is
driven to Europe ought to be kept here
and used In the business of this coun-
try. Not only does money go to Eu-
rope, but money goes into hiding, and
this is about the time OF year when we
discover some of 1t. You Will see in
the paper every once in while that
Mrs. So and So for the first time this
fall made fire and was mortified to
find that her husband, without her
knowledge, had been using 1t as n
bank. A man in Now York said last
fall, when the panic was on, that a
, billion dollars was In hiding under car
pets. I do not know whether that
estimate is too high or too low, but
, know this, that II / were banker
would be ashamed to have an old rag
i carpet running rivalry with me as a
Bafety deposit vault. In time of danger.
'If any man says that the, banks are
, sufficiently secure will remind him
that there Is not national bank in
the United States that can get a dollar
of Uncle Sans money without putting
up security. The state demands Sc
curity; the county demands security;
the city demands security: and each
village demands security: and the fra
ternal orders are now demanding SO
curity, and believe the time has come
when the farmer, the merchant and
the laboring man should have security
when they put their money in bank
| "In Oklahoma they have had this
plan in operation for now some six
months. learned of one failure there
and in forty-two minutes after the
bank suspended. the man in charge
had an order from the government tc
pay every depositor in full, and the
business went on without interruption
And when he telephoned out to the
farmers and said to them, The bani
has suspended. como In and get your
money they answered, We are busy
With the crops now. we will be in in {
lew days is II the way you do here
your state when bank gets shaky'