The Oskaloosa herald., 1908-08-27
MEYER DENOUNCES
BRYAN BANK PLAN
GUARANTEEING DEPOSITS ZONE
STEP TOWARD SOCIALISM,"
DANGER OF REPUBLICANS
Postmaster General Fears Those In
East Are Too confident--Hitch-
cock Busy In New
England.

Hot Springs, Va, Aug. 24.--Post-
master General Meyer, who is here
comforting with Judge Taft, Sunday
expressed himself in an interview on
the general political situation and on
the Democratic proposition of guar
anteeing national bank deposits, de.
clarins the latter to be zone step far.
Their toward socialism"
Mr.. Meyer believes the greatest
danger the party confronts in the east
is the prevailing sentiment that the
election of the Republican ticket is a
foregone conclusion. In this connec-
ton, he remarked that 1t might be the
best thing for the party If the usual
majority in Vermont should be ma
terially reduced. This would, he said,
in view of the September election in
that state, arouse the Republicans to
realization that campaign was on.
Must Stir Up Non-voters.
There are," he said thousands Of
voters In every state who do not get
out to the polls unless they feel there
is real necessity for them to vote.
Therefore, If interest is not sufficient
ly aroused and the importance of this
coming election fully appreciated.
several states may be lost by default.
Mr.. Bryan has been endeavoring to
give the impression that the president
has stolen some of his policies. The
Democratic candidate, however Is
identified with free silver, the dlshon-
est dollar. a policy Of reputation of
national and private debts and obliga-
tons, anu.imperialism and govern
ment ownership. Mr. Roosevelt has
never been a free silver man, has al
ways believed in the honest dollar.
No one would ever accuse him of anti
imperialism, and he has been most
emphatically against government own.
ership, but has contended for govern
ment supervision wherever necessary.
THE progressive reforms and prac-
tical policies which Mr.. Roosevelt and
the Republican party have put in force
would be gladly claimed by Mr.. Bryan
as his own. ..--
As to Guaranteed Deposits.
I'm the present campaign the Demo
cratic candidate is bringing forward
short cut and plausible panacea
against panics, the guaranteeing of de-
posits in national banks. At first
sight this would appear to be sort of
insurance. Insurance, however, is a
contract whereby one party voluntar-
lily pays to another party fixed sum
for indemnity against loss and not to
exceed an agreed amount. The guar.
anteeing proposition compels by law
the banks to pay unknown sums for
future losses, and to an unknown
amount and subject to unknown risks
over which they have no control.
This guaranteeing of deposits by
all national banks would mean moth.
ing less than that the conservative
and honestly managed banks would
have to pay the debts of banks which
have been badly and dishonesty man.
aged"
After the New England Vote.
Boston, tug. 24,-Repubiican Ialiti-
cal activity in New England viii cen
ter in this city during the ne It few
days when Chairman Hitchcock ,,t tne
Republican national convention will
confer with the party leaders Of the
six New England states in regard to
the aspects of the presidential cam
paign, especially in reference to the
coming elections In Vermont and
Maine.
Chairman Hitchcock is expected to
arrive in Boston Monday from Dalton,
accompanied by United States Sena-
tor W. Murray Crane, whose guest he
had been at the senator's home In the
Berkshire Hills.