Arizona republican., 1908-08-28
TOPEKA TALK
 OF MIR. BRYAN
Bank Guaranty Question
 and a Few Side Remarks
Candidate Thinks the State Platform Gives Him an Entering Wedge.


 ence which filled the auditorium to over-flowing Bryan tonight spoke on the subject of the guaranty of bank deposits. Previously he delivered three other addresses, two from the veranda of the hotel and the third at Garfield park where he attended a picnic by the Knights of Pythias.
 A great crowd greeted Bryan at the station hotel. As he announced before, Bryan in view of the action of the Kansas republican state convention which endorsed the guaranty of depos- it's proposition made some remarks supplementary to his prepared speech on that subject. He took up the ad- vantages of the guaranty system, then answered the objections made by Taft and others. He began by asking why the depositors should be left unsecured while the government demanded se- curity of any bank with which it de- posted. He pointed out that securities is between the postal saving and the guaranty bank and accused Taft of favoring an unnecessary extension of the sphere of government in advocat- ing a postal bank instead of guaranty banks. Bryan declared he preferred the guaranty proposition which would allow banks to attend to bank business and yet compel them to give depositors necessary security. At the conclusion of his prepared speech he said:
 q asked MT Bridenthal, a banker of Kansas City to make inquiry among the bankers of Kansas City to ascer- tain what proportion favored the guaranty law I learned that of all the bankers that expressed themselves about three-fourths of them favored the guaranty law and one-fourth op- opposed it This is excellent as a showing. Among the depositors there is no opposition and it is evident that Kansas bankers recognize first that something must be done and. second, that the guaranteed bank is better than the postal savings bank. also inquired of Governor Haskell in re- gard to the number of national banks which surrendered charters to become state banks in order to have the bene- fits of the guaranty system. I have a telegram from him saying that four national banks have already made the change and that sixteen other national banks have applied for state charters. This is conclusive proof that the Ok lahoma law is a success. The national charter is supposed to have some ad- vantages over a state charter and the benefits of a guaranty law must be admitted when twenty national banks will in a short time change in order to give depositors the advantage fur nished by the guaranty system.
 "The Kansas republican platform requests the republican candidates for congress and the senate to favor law aiding national banks to participate in the proposed mutal and voluntary sys- tenn. But what chance is there of se- curing such a law when the republi- can national convention refused to pay any attention to the subject and when the republican candidate opposed the whole principle of guaranty? Tafts denunciation of the system is so sweeping that no disinterested person can for a moment believe he will either encourage or permit a law enabling national banks to participate in state systems What the people need is system whereby both state and na- tional banks will be compelled to guar
 
 victory can secure this reform.
 "I am glad to call attention to the fact that the republican platform adopted in Kansas endorses the demo- cratic national platform on two i'm portant questions. First. it favors the election of senators by a direct vote of the people, a reform which the repub- lican national convention rejected by vote of seven to one and which Taft never advocated only in a half hearted way.
 Another plank is found in condem- nation of the present rules of the house and in demand for a modification of the rules. While Sherman's name is not mentioned he is prominently con nected with the present rules of the house that the republican platform cannot be construed otherwise than as a denunciation of him. Here we have the republicans of Kansas heartily en- dorsing the nomination of Taft and sherman while the convention pro ceeds to condemn Taft's position on the guarantee of banks and Sherman's
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