Omaha daily bee., 1908-10-18
BIG REPUBLICAN MEETINGS
Crowds Gather to Hear Speakers on
Issues Of the Hour.
BANK GUARANTY PLAN DEBATED
Bryanite Proposal Explained In All
It's Phases and shown 60 Place
Premium ON Deliberate
Rascality.

Two republican meetings held Friday even
Ing were attended by large crowds, that
held In Washington hall under the auspices
Of the Mckinley club being the largest
The other meeting was held In a tent at
Eighth and William streets, but the tent
proved too small to accommodate all who
wished to hear the speakers. A. ". JEFF
ferris, nominee for congress, and T.. A..
HOLSTER. nominee for county attorney,
were the principal speakers at the tent
meeting, while A. S. Churchill, former at
torney general OF the state. and Edward
G. Maggi. secretary to the governor, were
the principal speakers at Washington hall.
Bryan's proposed guaranty Of bank de-
posits was exploded by Mr.. Churchill in
his address. the former attorney general
bringing most OF his remarks to bear upon
Congressman Hitchcock's laudstion Of the
plan the previous evening. The speaker
put forth some convincing arguments and
he was frequently applauded.
"A law guaranteeing bank deposits would
simply put a premium on rsscality,' de-
clRred Mr.. Churchill. Now. a man de-
posits his money In a bank he believes he
can trust and relies upon the stability OF
the institution and the honesty of the
officials. Under this visionary scheme OF
the democrats whereby the government
would guarantee deposits the line OF DIS
tinction between the steady and the un-
steady bank would be wiped out and money
would Just as likely be deposited with the
unsteady institution.
There 10 no provision, nor can there be,
which will eliminate embezzlers and a
rascal can run away with the depositors'
money and the depositors would then be
paid Of the fund be not exhausted) out
- Aha g,..z A-A.,RA,a 49, -.
ments from the honest bankers.
Every Pledge Redeemed.
when l was attorney general in 1895 I
placed five banks In Omaha In the hands
of receivers. Ii this guaranty law had
been in effect at that time 81, 500,0 600 would
have been needed to refund the money OF
depositors. Where would the money have
come from? Is 1t to be thought for a
moment that the guaranty fund would con-
tain a sum of such magnitude? II we had
had such a law in 1891 as there is now on
the statute books OF Oklahoma there would
not have been a state bank in Nebraska
Preceding General Churchill, Mr.. MagRi
spoke for a half hour, combining his address
to the accomplishments Of the present state
administration declaring that during the
two years Governor Sheldon has admins
tered the affairs of the state more good
laws have been enacted than in any pre-
ceding administration MI. Magg! then
cited many OF the more beneficial measures
passed and closed with this statement:
THE present administration stands with
out q parallel In the history of Nebraska.
Every pledge the party made the people
was kept by the legislature and approved
by the governor, and today this grand old
commonwealth stands as a beacon light,
unexcelled and unequaled."
Several county candidates spoke briefly
and at the close OF the meeting refresh
ments were served. The meeting in WASH
ington hall was opened by the singing by
Joseph Morrow Of Taft: The Man Of the
Hour Charles e. Foster, president Of the
Mckinley club. presided.
No Occasion to Trade Horses.
The question before us today is whether
we can take the chance of trying an I'M
certainty or whether we had better stick
to the tried and true policies Of the republi-
can party which has placed this nation
where 1t is today" said Mr.. Jefferis in
has address at Eighth and William streets.
IF any class should be interested in the
forthcoming election more than any other
1t should be the laboring class, for the
laboring man would be the first to feel
the change and he would feel 1t more
keenly. Should there be a change OF ad-
ministration the man with money in tho
bank-not the millionaire but those with
only a small amount intent upon Investing
IL In some enterprise or industry-would
wait to see what effect the change will
have before risking his savings. But he