The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-10-07
NAME rHe MEN.

litRHpdpcr To repeat 10 men W1O are
competent TO enter the banking bust
ness that for some 10000 years Il has
been considered proper 20 name men
or places of whom or which we refer
when proving some statement OF i'm.
portance II should occur TO the
average man tnat to relate something
"a an indefinite manner to those net
so well acquainted with the incident
as is the relator, Is proof that the full
facts of the case will not bear out the
statement being made
at the Denver banking convention,
according to an editorial comment OF
the Denver Republican. MIR. j W.
McNeal a banker of this city. made
the following statement:
Sin an address before the bank
ers' c invention MIR. j. w. MnNeal
OF Guthrie. Oklahoma. struck the
keynote of one OF the most seri-
GUS objections to the proposed
guarantee of bank deposits when
he related how two men whose
personal credit was at low stage
started bank in Oklahoma City
on a capital OF $4,000. and who.
when asked how they expected to
do business answered by saying:
oh, the state Is in partnership
With MS. 1t makes no difference.
We shall get deposits all right .
This is not the first instance OF a
statement similar being made: nor
does The Leader deny the statement,
but IL does seem that the names of the
gentlemen starting the bank in the
state metropolis should be given. We
infer beautiful and soul-crushing patri-
Otism was cause for the statement
surely we would be wicked 10 infer
that Mr. McNeal would make use of a
statement of this severe nature 10
satisfy other than an ambition 10 pro
tect his country aud see that the body
polite be treated with the FURNISHED
wisdom so ahly manifested in safe and
sane bankirS circles.
Hence. while the two men may be
famed for goodness and are all right
save the geewheel Ct their credit had
Topped over TO the leit running gear
lf their renown and made the pulse
Jf public opinion trot hitherward wher
they charge thltherward: still stand
ing as a beacon OF safety in the wild
erness OF Gklahoma bank darkness
Mr. McNeal should have swattcd wild
cat theories effectively by naming th,
men who were thus allowed to open ;
iauk where the public Is satisfied 4
can get back what money Is dep siie1
llthougi II be trns The furigI,irs wCri
not ON the topnotch platform q
nance. as listed by the guardians II
chief.
Were the statement yoncbed for b.
an ordinary banker with a disposition
TO favor self first aud his countr.
later, The Leader would challenge IL
being wholly correct, but coming from
4 man who has no other interest thai
merely having a bank where he caI
ten about &c accoanm0datc his less
fortunate neighbors and for whom b.
works with an abandon 10 his own IN
ierests almost stolcal and really ol
martyTlike deck of sell-denial, II mus
le all true.
While states like OHIO. Pcnnsylyani
aud others not having the poison o
;uarantced deposits injected into th
rm Of commerce are permitting d,
Dostors 20 whistle and dance when th
banks fail we unlearued ami pun
little rasoals here in Oklahoma actua
impair good government by deman,
ing the right to take our own menc
iui of the banks when we want IT,
We needed reprimand'
Well for the glory of this state "
have bankers who refuse 10 allow u
10 ruin our financial backbones b.
when we know not enough to do /
itanding 10 the fore aud resolut
against our timidity'
Bless our Wild souls, how great IN
loon of having folks apologize Tor or
weakness ana stand true and bray
or the old method Why men an
brethren. II this fool craze to guarai
ee deposits had been in effect ~le
Ne had that splendid Capitol bank fai
ire some years ago men who were s
reckless as TO deposit there would no
be able TO transact business on the
lwn money while as it Is, they ha,
.he splendid privilege of borrowing {
ioing without
And that brings rs back to whel
Ne started-with Brother McNei
I elling about the wildcat bankers Z
! Oklahoma City who have started
bank not likely to fail because II
state sees that it Is run right and u
aanagees 10 not get to plugging n
leayd loflaaaH with our cash.
li4nt 3 * haeL 10 affirm the counties
lousands OF newcomers frrm the sal
jus states OF the Union know who u
safe aud sane bankers are; hence
lhey get TO browsing in the hani
/ conducted by poor managers, tb,
ught 10 lose their money; knowing I
they should that Brother McNeal h;
bank that has never refused C pa
ne deposition.
Aud so long as the state sees tit
make the losses OF these newcomel
i0od and allows them a chance 10 ha'
say about the withdraNaL q enable