The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1908-09-16
4 STRONG CARD.
GUARANTY PLAN VERY POPUIAR
IN THE MIDDLE WESTERN
STATES.

John Wesley Gaines Defeated Zen.
ncssec Congressman, Thinks the
Plank Will Attract Many Rcpub,i-
can Voters.
Washington, Sept. S.-John Wesley
Gaines of Tennessee arrived in town
this morning, little crestfalen be-
cause the powder trust, the tobacco
trust, the express trust and a host OF
other allied monopolies defeated him
for denomination to congress, where
he has sat, or rather stood, for 13
years and where he was standing
fighting monopoly when his former
law clerk took the stump against
him. but still on the warpath and the
war paint has not faded from his
cheek. met him by chance on the
street and walked up to the congress
campaign committee rooms with him
when he told me al about how it hap
pened. But he isn't dead yet, nor
yet does he sleep. One Of the most
useful men in the house. he is now
turning his attention to the work of
the campaign, to help elect other men
II he cannot elect himself.
Mr.. Gaines Is very hopeful about
the national situation, but he fears
the money power, which shows evil
dence Of raising millions of dollars to
corrupt the electorate and defeat
Bryan. II tell you" he said, his hair
along with his voice and the newt.
able forefinger, beginning to rise, III
the people Of this country knew what
You and know. they would put cay
enne pepper In their shoes and 20
out with their guns.
II have recently oome from the
Middle West. and those people out
there are waking up to the situation,
and I'll tell you. too, what Is the is
sue In the campaign and what is 60
ing to elect Bryan. II anything does,
guarantee Of bank deposits. A man
In Oklahoma told, me the other day,
a Republican, taht asked him why,
vote for Bryan. I asked him why,
and he told me 1t was on account of
the bank deposit measure. II had a
bank balance Of a little over $4,000 a
short while ago. and got a certificate
which read guaranteed by the State
OF Oklahoma" as the faw requires in
this State, and found my credit good
for the full amount even where I was
not known. for they told he that
though ! was three days from the
bank where my money was my check
was good even II the bank shou i
fall"
The guaranty Of bank deposits
which the State Of Oklahoma makes.
according to its constitution, is the
most popular thing in Oklahoma, de-
clares Mr.. Gaines, and he says the
whole West is being told about It
and Is taking hold with enthusiasm.
why" said he, lone bank in Okla
homa recently failed. On the doors
Of the bank the next morning there
was notice that the deposits in the
bank were guaranteed by the State
and that all depositors should call
and get their money. And they did
call. though not panic, not even in
a hurry or in haste. for every man
knew his money was safe. One man
did not call until 4s days afterwards
and his money was paid. every cent
OF 1t. That kind Of thing will posi-
lively prevent panics. And the won
derful increases in Oklahoma is attri-
buted by the bankers to this law
alone.
Mr.. )Gaines read a letter from one
OF these bankers which cited instan-
ces OF buried money coming up out
OF its hiding place to be deposited in
the bank. and other indices Of conf
dence In the banks on the part Of
those who usually hide and hoard
their money. keeping 1t from circula-
tion.-The State.