The Washington herald., 1908-08-28

Topeka. Aus. 2I.-Before an audience
which fIled the Auditorium 10 overflow
.nE. ". J. Bryan spoke tonight on the
subject OF guaranty Of bank deposits.
kansas is regarded. next 10 Oklahoma.
where the plan IS already II operation.
as the state most enthusiastically in
favor Of the plank. and a long time ago
ar Bryan picked out this State fo- his
first Official declaration on this subject
He added tonight a postscript. dealing
with the action Of the Republican State
convention here
1[r. Bryan arrived here early in the
afternoon. and was met by an enthusi-
as-i- crowd He went % the Throop
Hotel wre-e he received several depu-
ta-l1-s Of enthusiasts One Of these
delegations consisted Of negroes The
doors were closed during the visit and
nobody knows what was said Il is
ticzI5zl question in Kansas There are
q great many negro voters here. and they
have a habit OF voting according 10 their
convictions. Experienced observers here
say that The Kansas negroes are nearly
solid for Bryan-
Burton Pledges support.
Another Of Nr- B-yan's visitors was
ex-senator J. r Burton, Republican, who
was convicte OF viC-ating a federal stat
ute prohibiting legislators from acting
as attorneys before. federal departments
and served a term in prison. He as
s1-ed M Bryan Of his support Mr.
Bryan thanked him. but did not seem
overpowerz5 with JOY.
II 20 clock this afternoon M Bryan
addressed from the hotel porCco q crowd
OF about 100 people The crowd was
extremely enthusiastic and CEeered a.
most every sentence. At ; O'Clock ne
made a non-psrtisan speech 10 the
Knights Of Pythias. and az I'D tonight
he delivered his main address al the
Auditorium 10 500 people
Bryan's Speech
AIr. Bryan. when introduced. said
Why not make the depositor securs2 ?
The United States government requires
the deposit Cf specific security when It
intrusrs money to a national bank, al
though Il can examine the hank at any
time the State requires security when Il
deposits money IN a bank the county
requires security and the city requires
security. even the banks require security
from the officials who handle money.
Why should the deposiJ0r Be left 20 take
his chsncss2
Not only is the depositor without pro
tec-l01. but the security given 10 nation
state. county. and city lessons his Sc
curiry. They are preferred creditors
they have g mortgage On -he Eilt-edged
--d ~ q
as best he can with what remains Way
are the interests Of depositOrs thus ne
glected2
"A bank asks deposits On the theory
that the depCslror is sure OF the return
Of his money. and the laws ought 70
make The facts conform 10 the theory
The depositor. the community. and the
banker himself VII be benefited by leEis-
Ia-ion which VIII give 10 every depositor
the assurance that thar which is com
-nitted % the keeping of the bank viii
he available 10 meet his needs az any
time. Such IS not the case to-day. for
while al banks are reasonably secure.
they are not absolutely So This state
meu- can be verified in several ways
Advocates Postal Savings Banks.
''First-The President has advocated a
postal savings bank. and his Postmaster
General in presenting an argument IN
lis favor, pointed out that many millions
ara sent 70 European savings banks
every year by Americans OF foreign
birth. who prefer TO trust the state in
stitUtions OF the nations beyond the sea
rather Than the private banking iustiru-
lions mere
'second-It is known that a consider
able amount Of money Is IN hiding the
amount Increasing with the approach Of
q panic or Business depression This
money IS not only withdrawn from active
use, but is likely 10 be Withdrawn lust
at the tine when money IS most needed
and when the withdrawal will frcreasa
the financial disturbance Il is impossible
u reason with fear il IS futile TO tell
men thar they viii probably get their
money The moment the dep7sitorz sus-
pect bank they hasten 70 destroy its
solvercy- Distrust. and distr-Sr alone.
can explain the hiding Of money
''Thir6-The increase in the 5ss-r OF
money orders. payable 70 the order Of The
purchaser. IS another evidence that people
are seeking greater security fo- their
money The banks 1-iu pay an interest
upon deposits. and Yet those who b-v
money orders prefer 90 lose the interest
and. in addition 10 that, pay the price OF
tie money order IN orde- 70 secure the
government guaranty
Fourth-Nstio1al banks confess that
their banks are not secure when they au-
pose the guaranty Of state banks. on the
ground that II would lessen the deposits
n national banks and state bankers con
fess that their banks are not secure when
they oppose a national guaranty system
On the ground that IL VIII draw posts
away from state banks II you want 90
md whether banks are absolutely secure.
ask the directors 10 give you tfei- peg
sonal note 20 secure. your deposit and YOU
viii learn that they VIII not bec- the
risk which they ask vou 20 bear
'Fifth-The experience OF Oklahoma
furnishes conclusive proof that dzposi-ors
do not feel that their money is-safa in
unsecured banks
Wants More Protection.
No amount OF criticism Of the tirnid de-
positor can change the facts; the people
who deposit money want more security
than the laws at present give them They
VII change hanks TO get more security.
Continued on Page 3, Column 4.