The Birmingham age-herald., 1908-08-28
Bankers Of Kansas Fa0or 7be
 Dem0vahc GHarantv Laav
CONTINUED FROM PAGE I)

 ---~-~-~--~~~~-~~~-~-~~~ tional convention rejected by vote of to 1, and which MT Taft has never ad- vocated but once and then only in half hearted way In his notification speech he said that personally he was inclined to favor such a law, but it required more than a mere inclination toward the law to secure such a reform.
 Another plank indorsng the demo- cratic platform is to be found in the con- demnation of the present rules of the house and in the demand for a modifi- cation of the rules. This is the position taken by the democratic national con vention and it is gratifying to know that the republicans of Kansas have supported in the position taken. But what shall we say of the condemnation of the vice presidential candidate, sherman? While MT Sherman's name is not mentioned, he is so prominently connected with the present rules of the house that the re- publican platform on this subject cannot be construed otherwise than as denun- citation of him.
 Reform Sentiment.
 Here we have the republicans of Kan sas heartily indorsng the nomination or Taft and Sherman-even commenting the speech of acceptance of MT. Taft-while the convention proceeds to condemn MT Taft's position on the guaranty Of banks and MT. Shermans position on the sup feet of rules. There is no doubt that there Is a strong reform sentiment among the republicans of Kansas. and the pest way that they can give expression to II is to vote for the democratic electors and thus get the national administration Tn harmony with their ideas and to elect democratic state ticket which stands Tor their reform. a democratic legislature which will not only stand for the guar anty law. but elect MT. Farrelly to vote for reforms in the United States senate and then the republicans of Kansas ought to complete their work by electlng denoeratie members of congress to heip reform the rules of the house and help to carry out the reform pledged In the democratic platform ,
 Mr. Bryan left at midnight for Llheoih where he is expected to arrive tomofroW afternoon.
 Bryan's Speech.
 MT. Bryan said;
 MT. Chairman, Ladies and Gefuehleh'
 Why not make the depositor seeureF The United States government requires the deposit of specific security when II intrusts money to a national pahh' a though it can examine the bank at any +i,,es inc state requires security when fl denosits money in a bank: the county renuires security and the city requires se- c,irlty. even the banks require security from the officials who handle money Why should the depositor be lett 10 lahe his chances?
 Not only is the depositor without pro- lection. but the security given 10 nauon' state county and city lessens ms seeui- ttv They are preferred creditorsi they have a mortgage on the sllt-edseo a99Sl ss'4 and the depositor must get along as pest ra ran with what remains. Why are the interests of depositors thus neglected
 A hank asks deposits on the theory that tbe denositor is sure of the return ol his money. and the laws ought 10 hlahe tba facts conform to the theory. The denositor. the community and the banker himself will be benefited by ieslslatloI which will give to every depositor tie a assurance that that which IS eoiiiiiil'eu t, the keening of the bank will be avail .. t,e to ,neet his needs at any time Such ;s rot inc case today. for while all banks are reasonably secure. they are not ap- sol,telv so. This statement can De eet- flied as several ways -4,,
 The President has advocated postal savings bank, and his Postmaster 'en- oral in presenting an argument III ils favor. pointed out that many millions "le sent to European savings banks every ,-ear by Americans of foreign plrth "ho s,,.afar ,o ernst the state institutions or inc nations beyond the sea- rather 'i"H +he nrivate banking institutions here'
 Q IT is known that cnnsluefapie or,o,,nt of money is in hiding. the amount increasing with the approach CT paiiio ar business depression. This money IS not only withdrawn from active use put is likely to be withdrawn Just al ',le ',,ie when money is most needed ana When .n withdrawal will increase the hnahcial ui1 t1rbanee. It is impossible to reaso.i s, fear. if is futile to tell men that they -iu ,,rohahl. get their money. Ihe mo ,,,an+ the denositors distrust bank lhey hasten to destroy it's solvency Dlstrust, and distrust alone. can explain the hlolile of money. :. .,.o,,a1, orr dare nayable to the order Of the pui chaser is another evidence that peoPie are seeking greater security ioi 4 money The banks will pay all iieei eo' ,,non deposits, and yet those who buy .,lo,,o,, orders nrefer to lose the interest and in addition to that, pay the prlce or the money order in order to secure the governments guaranty
 National banks confess that thelr hanks are not secure when they oppose ,l,a er,,orantv of state banks on the ground .h.t if would lessen the deposits in na- +ioral hanks: and state bankers confess that their banks are not secure when they onnose a nationals guaranty system oh the ground that it will draw deposlts away from state banks. IT you want 'o find whether banks are absolutely secure elk inc directors to give you thelr per- sonal note to secure your deposit ana you will learn that they will not bear the risk which they ask you to pear
 OkIahoma's Experience.
 E The experience of Oklahoma fur ,isbes conclusive proof that depositors do not feel that their money Is safe In unsecured banks On December IT, l9o'' the oklahoma legislature enacted de- ,,osi+ors, guaranty law, which became op- erative February 4, 1908. By the pro- visions of this law all state banks, ana as many national banks as desire 10 avail themselves of the law are taxed l ner cent on their deposits, and the money thus collected is put into a guaranty fund The banking board IS autnorizeo to make additional assessments rom tune to time to keep the tund up to ths omonnt and is directed to take posses s,on Inf any insolvent bank, pay the de- nositors in full, and reimburse the fund bv collecting the assets of the failed hank Five hundred and fifty-five banks including 54 national banks, had come under the provisions of this law on May IA leaving but 255 unsecured banks tali rationaD in the state. Statements are ,nade by the banks in December ana MAY Retween these periods the secured pankt aainea in deposits s4,237, ,765. .22, while the