Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1908-09-03
BRYAN IN 1OPEEA
DEMOCRATIC CANDIDATE MAKES
FOUR sPEEcHTs At KAN.
sAs CAPITAL.
ON GUARANTY PROPOSITION
Said Kansas Republican Plank on
Bank Guaranty Was So Word
ed as to be Practically
Worthless.

Topeka, Kan, Aug. 2S.--Before Al
audience which filled the Auditorium
to overlooking, William J. Bryan
Democratic candidate for president
Thursday night spoke on the subjec
Of guaranty Of bank deposits. Previ
ously he had delivered three othel
addresses, two from the veranda o
the hotel and the third at Garfield
park. where he attended a picnic BY
the Knights Of Pythias, his latter
theme being Fraternity"
The Democratic candidate and his
party arrived here at one o'clock and
were at once taken In hand by re
ception committee composed Of lead
ing Democrats Of the city and state
and conducted to the hotel In automo
biles. A great crowd greeted Mr.
Bryan at the station and at the hotel
AS announced by him before his de-
parture from Kansas City, Mr. Bryan
In view Of the action Of the Kansas
Republican state convention which In
dorsed the guaranty of deposit propo-
sition, made some remarks supplement
tary to his prepared speech on thai
subject. He took up the advantages
OF the guaranty system and then an.
swered the objections made to 1t by
Mr.. Taft, and others.
Upon the conclusion Of his prepared
speech, Mr. Bryan said:
IT asked Mr.. Breldenthal, a banker
Of Kansas City, to make inquiry
among the bankers of Kansas and as
certain what proportion of then
favored the guaranty law. learned
that Of the bankers that had ex-
pressed themselves on this subject,
abort three-fourths of them favored
guaranty law and one-fourth opposed
II. This is an excellent showing.
Among the depositors there is no op,
position at all, and 1t is evident that
the Kansas bankers recognize, first,
that something must be done, and, sec.
ond, that the guaranteed bank is bet.
ter than the postal savings bank.
also inquired of Gov. Haskell in re.
gard to the number of national banks
which have surrendered their charters
and become state banks in order to
have the benefits Of the guaranty sys.
TEN. ! have telegram from him say.
ing that four national banks have al
ready made the change and are operat.
ing under the state bank laws, and
that 16 other national banks have ap.
piled for state charters. This is con.
elusive proof that the Oklahoma law
Is o success.
"Since the preparation Of my speech
on this subject, the Republicans Of
Kansas have held a convention and
adopted o state platform. The plank
on the guaranty Of banks is a recog-
milton Of the necessity for security,
but the plank is SO worded as to be
practically useless, SO far as the pro |
lection of the people is concerned. |
The Republicans propose to enable
the state banks to mutually and vol |
unfairly" guarantee deposits. But that
is not enough. Suppose that the
banks mutually agreed not to do 1t,
must the depositors be left unsecured?
1.-THE Kansas Republican platform
also requests the Republican candi
dates for congress and United States
senate to favor law In aiding ma
tional bank to participate in the pro
posed mutual and voluntary system.
But what chance Is there of securing
such law when the Republican ma.
tional convention refuses to pay any
attention to the subject and when the
panvhitoon oonMdo4a onno,a. A.