Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1908-09-17

| sVer a corporation begins to aspire to
pc monopoly, that moment you ought
to begin to watch it,, and we have fixed
limit at p per cent, and say that when
one corporation is controlling one-quarter
OF the entire product of its Industry in
the United States, it will bear looking at
ter and at that point the Federal Govern
ment shall begin to watch it as il grows
and whom it gets to 50 per cent. and sells
one-half of all the product sold, when it
supplies forty millions of people, the Gov
ernment shall say: That is enough FOR
one corporation. You must allow others
to compete with you for the protection of
| the people
Just few corporations would have to
take out a license under this law. But they
would be the corporations that have CIV
en- the Government so much trouble for
the last IS years.
Mr.. Bryan next took up the subject of
the guaranteeing Of bank deposits. cont
west" he said. 4sthey have MAGE up their
minds that when a man puts his money
III bank he ought to be sure he can get
It out whenever he may want it. A man
told me the other day that he did not
think this question was very important
because so few people lost money BY bank
failures. My answer was that if the
losses were so little, the big bankers
ought not to be SO scared about protecting
the people by such law.
Ordinary Banker the Victim.
1.-THE trouble is that you cannot tell
when your bank is going to fail Why not
have security? If they tell you the bank
ers are security enough today, you tell
them that the Federal Government has
not found il out. because our Uncle Sam
deposits money in national bank. but
makes the bank give him security lust
as IL it We're not secure, anyhow. And
when the state deposits money in a bank
it demands security. And when the coun-
ty and the city deposit money in a bank
they demand security. and the fraternal
orders are getting to demand security
when they deposit money
Everybody can now have security ex-
cept the ordinary depositor. whose money
makes banking profitable. Isn't 1t time
that we We're securing the ordinary de-
positor? Mr. Taft says that if YOU at
tempt to do this you make the honest
and prudent banker pay for the dishonest
and imprudent. But I don't like to hear
bankers slandering each other in that
way. Yet, when they tell me that bank
ers are afraid to trust each other, my
answer is that they ought not to be sur
prised If the. people get tinnid occasionally.
Millions of money are sent to Europe
every year to be deposited in Government
savings banks by people who would rather
90 that than risk it in this country
want our banks made secure so that
money viii stay at home and do bust
ness in this country. Last fall people
drew their money out of the banks. and
brought money orders payable to them
selves, and in q district where I made
INQUIRY the money orders had increased
y per cent. That means that the people
preferred to lose interest on their money
which the banks would have been glad
% pay. and also were willing to pay the
cost Of the money orders besides, in order
to get security
ne Republican party was so interested
u me emergency currency that it passed
a Wall street measure in the interest Of
the stock gamblers under the pretense that
Il had to do It to safeguard the financial
interests of the country. Make the de-
posltor secure, and the people will empty
the stockings and take money out of the
stoves and from under the carpets, and
you VIII not need an emergency cur