The Democrat-sentinel. [volume] (Logan, Ohio) 1906-1935, 1908-10-29
EASILY UNDERSTOOD
Mr.. Bryan Shows Why the In
dividual Favors Protection
OF Bank Deposits.
a MATTER W INTELLIGENCE
Banks Should Attend to the Banking
Business and Not the
Government.

No Issue In this campaign appeals
more strongly to the individual than
the protection of bank deposits. Thou
sands and thousands of republicans
will vote for Mr. Bryan on account of
this one issue, which he has presented
SO clearly to the people of the nation
In a recent speech Mr.. Bryan pre-.
sonted this issue in simple and most
convincing way. He said:
"Of the many policies proposed in
our platform, the protection of bank
depositors is the simplest and most
easily understood. Why, my friends,
this question is SO easily understood
that l suppose there is not person
In this audience who is not able to
understand it. do not mean that
every one. everywhere, can understand
it. l draw the line here: When every
person reaches the period of intel.
lectual development, where he is able
to see that when man puts his money
In the bank he ought to be able to get
1t again, he ought to have intelligence
enough to understand this subject; but
until he gets to this point | do not
know how to reach him. | take it for
granted, however, that you are all
sufficiently advanced to be able to
understand that when you put your
money in bank you ought to be able
to get 1t out again. Now, my friends,
there are just two questions to be con-
sidered in this matter. One of these
| have given you. The other question
Is, who must make 1t secure? Our
position is that as the banks make
their profits out of the peoples money,
the bankers ought to give the insur-
ance the people require. Now, / had
supposed that that was self evident
truth and that it would not be denied.
II have made no speech without dis
cussing the guaranty of bank deposits
in all parts of the country. After
had made my speech in Baltimore, ex.
planning our system and presenting our
arguments in support of it, my atten.
tlon was called to an advertisement in
one of the papers. In my speech had
said that you could insure your house,
you could insure your life, you could
insure your buggy or your barn, but
that you could not insure your money.
And in this advertisement my Ian
guage was quoted and the advertise
ment went on to say that l was mis-
taken, for certain fidelity company
was prepared to insure deposits. And
then | found out how they do it down
there. You put your money in a bank,
and then go and get somebody to in.
sure 1t so that you can get it out of the
bank again. | believe the time has
come to compel all the banks to stand
back OF the banks and make good the
presumption upon which you deposit
your money in the bank.
NOW. my friends, you may ask II
the banks are not now sufficiently Sc.
cured. That Is what the bankers say.
Theywil even tell you that only occa-
sionally bank fails. but the trouble
Is that we cannot tell in advance which
bank Is going to fail. Look at the no.
t'ce they hang up. Does 1t say. this
bank will fail?' No, the notice saws
,thls bank is closed and II bankers
follow out this plan will agree not to
urge this insuring of deposits. Let
the bank give notice three months in
advance OF failure so the people can
get their money out before the failure. |
do you think the banks are suffl- ,
ciently secure now? The postmaster |
general says, In his report In favor |
or the postal savings bank, that we are |
sending millions of dollars to Europe
TO be deposited In government saw
lngs banks there, and the people who
send their money there would rather
SEND II across an ocean three thousand
miles wide than to risk the banks of |
this country. | say to you that we
ought To make our banks here so &c.
cure that money will not be driven out
oI the United States to find safe
place OF deposit. That money which is
iriven to Europe ought to be kept here
ind used In the business of this coun.
ny. Not only does money 90 to Eu-
'ope, but money goes into hiding, and
his is about the time of year when we
discover some of II. You will see in
he paper every once In a while that
Mrs. So and So for the first time this
all made fire and was mortified to
Ind that her husband. without her
had been using II as a
'ank. A man In New York said last
all, when the panic was on, that
'iiiion dollars was In hiding under car
'ets. do not know whether that
stimate Is too high or too low, but
now this, that II I were a banker l
you'd be ashamed to have an old rag
arpet running rivalry with me as a
aIety deposit vault, In time of danger.
II any man says that the banks are
umcientiy secure l will remind him
nat there Is not national bank In
ne United States that can get a dollar
Unclo Sans money without nuttinv