The French Broad hustler. [volume] (Hendersonville, N.C.) 1896-1912, 1908-10-29

tell you that nine-tenths of it is fur
nished by the. individual depositors
Then ask him If. these individual de-
positors are secured and he will say
oh, no, they are not insured; they get
no security or guarantee.
Is that fair? Is it the correct prin.
ciple. Is it the wisest policy? Mr.
Bryan says no, the Democratic party
says no. Every panic that happens
frightened dollar that's in hiding;
every uneasy depositor-they all, in
acclaim that is loud and growing
louder, say that it is neither a correct
principle or a wise policy. Every
clearing house certificate and every
cashiers check that went out upon
the financial furry a year ago was
warning that neither the principle or
the policy is safe, sound or falr'
Every declaration on the part of MI.
Taft or any of the Republican leaders
other government method of currency
concentration is q, warning to business
men, ,hnanciers and the people every
where that this diseased spot in our
financial system must have safe ana
effective treatment. if a steady now
of our currency into Wall street ana
other money centres is to be averted'
And what's the matter with the
method proposed by the Democratic
party It is practically the same
CO. Operative principle that the in.
surance company adopts to enable-H
to. pay the loss sustained by the burn
ing ofathe bank building, or the DEAN
of the banker whose life is insured
It's the same principle upon when
the State raises q fund for the build
ing of schools and educating the chill
dren, weak and strong alike without
discrimination. Do away with TINS
principle Of taxing the strong for the
benefit of the weak and you woud de'
stroy our system of government bolH
State and national.
But Mr.. Taft says it is a wildcat
proposition. He did not say that unul
Kansas and the Dakotas, where MS
State platforms. he said nothing
about it being a wildcat proposltlohi.,
Out in Oklahoma, where the pan 10
In successful operation and alnOss
universally endorsed by his own parry
and where only one out of five nun iild
dred and twenty banks have lallIu
since the plan went into operation, ~
would not think of saying anytnlne
about it being a wildcat pr0positlontt
If he did the first banker he lie
would tell him that between the aas gj'
Of February II, and July 20 the lnI i,e
vidual deposits in the secured paLlAo
Ia Oklahoma increased more tnel
81, 0a0, coo while there was Il dcCre%0o
In the unsecured banks of more thd i1' :"
million dollars. This Oklahoma pam
er, whether Democrat OF ~
publican, would tell him that between
the dates of July %, and Octo ts,,+f.
of this year, Just 20 days not"I5
standing the continuance Of the sits cts
publican panic the individual Qopo or1a
Ia the protected banks i'll OkidliiU I'm
increased over three million eI6hI6 Via
.dred thousand dollars. These 9neT
hema bankers, merchants. Goa III liiit linn
and men all dealings would ten ilI i,l
that, there were no frightened doiIal11
or even dimes in Oklahoma anu ID of
instead Gof the money flowing ou t,,ot
Oklahoma into the money center 12,, 10 TO
it is rapidly flowing into Okl2 l9lI bv a
secure the protection furnIShSu ~ he
Plan which Mr.. Taft says-" IIenL,-ls
gets near Washington or New J u = and
q Wildcat scheme, But, Mr., I%lt The
some of his sXmpathizers say {l-"%nJ1,ins
plan would invite into the Dr@9.iIdcat
business unre1iable, unsafe aiiu annivo-
banks and bankers. which i IS and
lent to SAYING that the natl 1aIng to
State administrations are goi. .to the
have no more sense than to go nv and
business OF charfering, lega ilz.nSS ot Of
turning loose upon the public a rrSsible
wild, unreliable and 1rresp5 his
banks and bankers. Mr.. TAT M lower,
partg II they are kept III his
might do this. but Mr.. Bryan S''D
party never would. -,rr,r1rL,