The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-09-19
WILL EMBARRASS TAFT
ON SPEAKING TRIP
Politicians Wait to See How He
VIII Square Himself With
Text Book
(By Thomas j. Peneel

Chicago, III, Sept. l9.-Announce-
mcnt of the fact that Judge Taft would
include In his speaking itinerary tho
state OF Kansas, where political condl-
tons have given Mr. Hitchcock and
Republican campaign managers no end
on worry, was followed by the publica.
iion Of a signed statement from Gov
crnOr lIoch OF that state. in which he
earnestly and unrcscrvcdly endorsed
the plank in the Democratic platform,
declaring for the guarantee OF bank
deposits II VIII be recalled that Re
publicans of Kansas in their state
council gave approval to this Demo
cratic banking plan over the protest Of
Senator Long. who, standing alone, de-
clared that the action of Kansas Re
publicans would ho regarded In the na
ton as a repudiator OF the Republican
candidate for the presidency
This situation has not only interest
ed but amused politicians here What
Mr Taft will say to the Republicans of
Kansas on his forthcoming visit TO the
state remains to he seen. but Il is rea
sonably certain that he win make no
reference to the following paragraph
in the campaign text book issued by
the Republican national committe.
No feature of the Democratic plat
form met more vigorous and scath-
ing denunication at the hands OF Mr..
Taft in his speech OF acceptance than
ala this proposition, which he declared,
if adopted exactly as the platform sug-
gests. would bring the whole banking
system of the country down in ruin"
Governor Hoch, in a signed inter
view, tells OF the growth and popular
ity OF this guarantee OF bank deposits,
and backs his statement with strong
argument. BY his support OF this
Democratic principle, Governor Hoch
is made a victim of Mr.. Tafts 'scath-
ing denunciation' referred TO in the
Republican campaign text book
Among other things, Governor Hoch
says IN his article:
One state has already adopted this
policy and the statute providing for II
has just been sustained by the supreme
court OF that state. The legislature
OF another state rejected 1t by the mar
row margin of only two votes in the
upper house Many eminent finan-
cicrs have endorsed the plan, includ-
ing such gentlemen as the Hon. Chas
n. Fowler. chairman of the house com
mittee on banking and currency; the
Hon Chas. G. Dawes. ex-comptroller
OF the currency: the Hon. A. u. Nettle-
ton, cx-trea5urer of the United States,
aud the Hon. Lyman J. Gage, ex-sccre-
tary of he treasury. Many able and
successfUr merchants like Alexander
H. Revell and Tom Murray, of Chica.
20, also have indorsed H. one of the
greet political parties has ineorpo-
rated the proposition IN it's platform.
Bo:h parties have done this in Kansas.
The opinion recently expressed by
Attorney General Bonaparto that ma
tional banks can not participate in this
guaranty scheme under state Law,
torces the issue into national premi-
nencc The adoption of the plan by
Oklahoma Is rapidly compelling nation
al banks TO denationalize and incorpo,
rate under the state law.
The several hundred national banks
In Kansas viii confront the same
dilemma next year, for the legislature
which conYcncs IN January undoubted'
ii viii enact this law. both parties
having pledged themselves to do IT,
Other states doubtless will follow the
example. but If they should not these
Two states alone will be sufficient 10
force the question upon the attention
OF congress.
III congress should sdopt this pol
icy for the national banks then all the
states would be compelled TO adopt u
or else the state banks would be in
the same predicament that the nation,
al banks now are In Oklahoma. and
...fl t.,
-
Tho fight for "A Deniocratic hOusc Is