The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-03-14

It away from me; bit now I'm feel.
ing CONF Jable an everybody ! know
81 feelssthe same 10 hits me this Is
blamed good law we orter had "a
long time ago. But It pears like peO-
rie learn sonlelhin every day
Que day talked with a Farmer.
as We toasted oir shins around a
stove IN the back end OF store.
This law said the man. bundled
mp ia his sheep-hned duck coat,
makes me feel good and comstable.
When the bankers got tight ! brought
in my bale o cotton. and ! couldn't
set money enough to buy side 0f
bacon and a sack of flolr OF course.
they We're willing 10 give me some or
tEeir scrip bat ! didnt know how
sood that was aud I'd rather have
the greenbecks any time than This
here scrip. Pears to me like ihls IS
~ powerful good law. and ali the peo-
pie out my way likes .t We have
20 borry a little money every year
while We work Uur crops ana we have
sOl 10 put a plaster on everything We
have 20 set it II Mr. Banker comes
and quee2es as we have 10 lose lots
more than we bargained flr And
lien It pears TO me like when a man
has got something to sell that some
body else wants to buy, they orter
be money enough floating round to
make a swap
The merchants ! have met Ia Ok
lehoma, aud have questioned hun.
dftds &C them, % q man are pleased
with Oklahomas new law. one Of
them, speaking practically for an. had
this to say: Most merchants. twice
year at least. need TO borrow
money TO discount their bills Ordi.
narily we can borrow money for from
S 10 10 per cent per annum. and by
discuunting our bills make from two to
three times this rate Of interest. In
fact the discount that q retail mer-
chant takes is big part Of his net
profit ~ we can borrow from our
home banker and discount with the
wholesale man in Kansas City, or St.
Louis. or Chicago, or New York, this
strengthens our credit, Credit helps
as TO extend opr capital, and to make
more money than # we depended
upon our capital alone"
The busy bees OF busness-travel.
ing men are now thick in Oklahoma.
They all report business good.
As the Bankers See It.
Before talking with Governor Has
kell ] had also talked with many
bankers throughout Oklahoma
had found that what Governor
Haskell had said III relation to how
the bankers liked the new law was
correct Nearly all OF the state
banks like The law Many of the
national banks in Oklahoma like the
law Many of the bankers think that,
instead Of an assessment Of a straight
one per cent of their average daily
deposits right hot off the bat, they
should be compelled to put in Gas is
now the law in Kansas only one
fifth OF one per cent each year. Still
most Of the bankers in Oklahoma on
whom I called would rather have the
present guarantee law whereby they
must pay ont one per cent OF their
average annual deposits, instead OF
having no guarantee law whatsoever.
One bmskors opinion, which Is prac-
tically the opinion of many bankers,
is that "this Is the best banking law
IN the United States today; Il prac-
tically provides for the bankers what
the big insurance companies provide
for the merchant Insurance. II the
people feel that the banks are secure
they VIII pat their money In the
banks Instead of keeping it in their
pockets. Our deposits VIII be much
larger We can, Furthermore. loan
with safety q heavier percentage Of
Onr deposits because we need not be
afraid OF a run The amount of ia.
terest that We Gun make from addi.
tional loans, that we can make with
greater safety, win many times over
pay This tax which We pay for insur-
ance
In a nutshell the people os Okla.
homa who are not bankers are pleased
With their new banking law. those
who have state banks Cor the most
part are pleased with Il, and they are
the ones who must pay the tax. Many
OF the national banks are kicking
about the law, but as Governor Has
Ken Says, "they VIII have to come in.N