The Boise citizen. (Boise, Idaho) 1906-1910, 1908-10-20
BANK GUARANTEE LAW
UNANSWERABLE ARGUMENTS in FAVOR OF THE
new PROPOSITION

Richard Henry Halle the welnown public economist writes
in this convincing Of the bank guarantee question
Forty years of banking statistics me Every banker
either has these statistics easily procure them from the treas
uy department Washington going to tell YOU what these
statistics affirm and then going request YOU to ask your
banker why the face OF this knowledge bankers convention
Denver Colorado September repudaed the guarantee
bank deposits
Earnings Of banks during the last forty years have averaged
9A per cent year combined capital and surplus surplus
except exceptional instances mdsbuted earnings earnings up
surplus is in reality compound upon capital
reality bankers profits during the period OF forty years
have been largely in Of 9 per upon the actual money
represented by capital hence they earning percentage
with greater regularity than the capital represented any other
enterprise
tax of less than of per year levied against
average Of deposits would absolutely protected deposors with
these banks loss and bank receiveps could
wound up far the depong public concerned immediate
y after suspension instead of dragging themselves some
periods OF fifteen years and then failing make per cent?
settlement depositors.
The acary will tell you premium necessary to
Cor guaranee bank deposits be accurately established
(from long experienced than that of any
ing and that this charge 2o Of per cent? against the Of
deposits insignificant appear almost ridiculous Renle
Der that the above figures three abnormal disas
panics) which would probably under guarantee
law with proper federal and state supervision
If bank deposits guaranteed hundreds Of millions deposit
ed abroad and hidden away home would be returned
ton the banks would such beautiful supply
Manufacturers obbers and retail merchants will tell you that
bank deposits guaranteed they could safely extend credit
thousands Of deserving customers.
Officers and directors Of many great railway mining and
dustra promotions will tell you that bank deposits garan
millions Of investors would be receiving incomes instead
Of being reduced poverty and want
Life companies will tell you that if bank deposits
guaranteed millions OF protection would be kept force and
apsed policies would practically thing Of the past
Presidents OF colleges will tell you that if bank deposits
guaranteed thousands Of ambitious boys and girls would be
ceng proper education instead Of wapng both BRAIN and body
sweat shops and other degenerating occupations
Physicians will tell you that if bank deposits guaranteed
suicides would frequent aus would receive
patients and i'll health would in thousands Of receive tonic
far superior the best medicine concocted.
State authorities will tell you that if bank deposits
pentenay and poor house would receive fewer inmates
instead Of being filed to overflow
City authorities will tell you if bank deposits guaranteed
hundreds nortunates Of the red light and pitu creatures Of
the street occupy comfortable and vuous homes instead Of
being driven through TO these ignobe calings
The lack and uncertainty Of money the root Of all evil 1t
therefore every child OF whatever poll
tics or cred to insist continuously upon passage Of equ
table law that will require the banks deposits
The hodup BY Governor Gooding Of the experts report
.eng the condition of treasury necessarily gives rise
the gravest suspicious Does anyone suppose that if the affairs
II the trearer office shape that Governor Goodng
would refuse public the report The Statesman asserts that
interested parties declared that there shortage OF $4,000
this is true not Republican management party 70
he ofense by seeking up The people have right to
snow the condition treasury and if they cannot find out
before will learn the within days after Governor Alexander
IS inaugurated
Can ANYBODY vote for Hastings who is resting under the charge
that there is shortage of in his unt And can they
vote for any Of the Republican candidates who do not de-
,and that e governor give forth experts report Of the cond