Gilpin observer., 1908-10-29
BRYAN GUARANTY PLAN FOR
BANK DEPosIToRs MEETS
FAVOR EVERYWHERE
DEMAND PROTECTION
When You Get Money From Bank
Your Friends Endorse Your Note
When the Banker Gets Your
Money His Friends Should Do the
Same.

That depositors need and should
have some adequate security for the
money they deposit in banks is SO
well known and widely admitted that
it needs no argument-everybody ad-
mits it, except the Republican party.
Even the national convention of
bankers recently held in Denver ad-
mitted that some insurance for COM
mercial loans ought to be given and
some plan along the line of the Bryan
idea should have serious considera-
ton.
The claim that the government, ma
ional, state and municipal should de-
mand and receive security for depos-
its in banks and the people receive
none is SO unfair and SO unjust on its
face as to be absolutely absurd. Sure
ly the people ought to have sense
enough to take just as good care Of
their money as does any national
treasurer. state treasurer or city
treasurer, and when the Republicans
sneer at this Bryan guaranty plan, as
they are doing, they insult the intelli-
gence of every man and woman in the
land.
glance at the picture adorning
this page win serve to jog your men-
ory of the time you went to the bank
| last fall far
was refused. The bankers said a few
years ago that our silver was dis
honest money because its intrinsic.
value was only so cents ON the dollar
What was the intrinsic value of the
hot air clearing house certificates
handed out by them to us last fall2
| The banking system of the UniteA
States Is the worst in the world, and
has SO been designated by many of
the leading financiers of all countries
many times.
There is absolutely no security for
the man or woman who puts money in
bank, except the personal integrity
of the banker, and that is far short
of being good is proven by the in.-
mates of our penitentiaries and the in
habitants of Canada and other foreign
countries.
| The Bryan plan of guaranty for the
depositor by a tax fund from all banks
would make every depositor safe;
would place every banker on guard.
over other bankers and their meth
DDS; would forever do away with ali
runs on banks and consequently stop,
all panics; would give to the depos-
itor the same security demanded and
received by every national state and
city government for the funds It de-
posits in banks; would work no fnjus-
tice upon the banks or upon anybody
else, but would bring safety and peace
to the masses of the people, who now
have no security whatever for the.
safety Of their money; would take ais
OF the horded thousands out OF the tin
cans. postholes and stocking legs and
put it into general circulation; would
make more money for the banker be-
cause it would obviate the necessity
of reserve funds to a large extent ana
the interest he would derive from the
reserve fund would more than offset
the tax he would be called upon to-
pay into the guaranty fund.
There Is every argument In the
world for It and none on earth against
it-except that which Is advanced by
the Republican party, which is that
It must be wrong somewhere, some
how, because Bryan advocates It.
1t is in practical use in the state OF
Oklahoma. with the result that there
Is no such thing as bank failures or
runs upon banks there. When bank
fails In Colorado or elsewhere the mob
that collects around the building and
threatens to lynch the cashier and all