Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1908-10-27
EASILY UNDERSTOOD
Mr.. Bryan Shows Why the In
diVidual Favors Protection
of Bank Deposits.
A MATTER CT INTELLIGENCE
Banks Should Attend to the Banking
Business and Not the
Government.

No issue in this campaign appeals
more strongly to the individual than
the protection of bank deposits. Thou
sands and thousands of republicans
will vote for Mr.. Bryan on account or
this one issue, which he has presented
80 clearly to the people of the nation.
In a recent speech Mr.. Bryan pre-
scented this issue in a simple and most
convincing way. He said:
'Of the many policies proposed in
our platform, the protection of bank
depositors is the simplest and most
easily understood. Why, my friends,
this question is so easily understood
that | suppose there is not a person
in this audience who is not able to
understand it. | do not mean that
every one, everywhere, can understand
1t. | draw the line here: When every
person reaches the period of intel
lectual development, where he is able
to see that when a man puts his money
in the bank he ought to be able to get
it again, he ought to have intelligence
enough to understand this subject; but
until he gets to this point l do not
hAON AON W lStlNl AAAl1- NShhC II AOA
granted, however, that you are all
sufficiently advanced to be able to
understand that when you put your
money in a bank you ought to be able
to get ii out again. Now, my friends,
there are just two questions to be con-
sidered in this matter. One of these
have given you. The other question
is, who must make it secure? Our
position is that as the banks make
their profits out of the peoples money,
the bankers ought to give the insur.
ance the people require. Now, | had
supposed that that was self evident
truth and that it would not be denied.
Il have made no speech without dis.
GUESSING the guaranty of bank deposits
in all parts of the country. After
had made my speech in BALTIMORE eX.
planning our system AMI presenting our
arguments in support of it, my atten.
ton was called TO an advertisement in
one of the papers. In my speech l had
said that you could insure your house,
you could insure your life, you could
insure your buggy or your barn, but
that you could not insure your money.
And in this advertisement my lam
guage was quoted and the advertise
ment went on to say that l was mis-
taken. for a certain fidelity company
was prepared to insure deposits. And
then | found cut how they do it down
there. You put your money in bank,
and then go and get somebody 10 in.
sure II so that you can get it out of the
bank again believe the time has
come TO compel all the banks to stand
back of the banks and make good the
presumption upon which you deposit
your money in the bank
Now, my friends, You may ask II
the banks are not now sufficiently Sc
cured That is what the bankers say
They will even tell YOU that only occa.
sionally a bank fails. but the trouble
is that we cannot tell in advance which
bank is going to fail. Look at the no
tice they hang up. Does it say, this
bank will fail?' No. the notice says
this bank is closed, and il bankers
follow out this plan will agree not tC
urge this insuring of deposits. Lei
the bank give notice three months il
advance of a failure so the people car
get their money out before the failure
DO YOU think the banks are suff
ciently secure now? The postmaster
general says, in his report in favor
of the postal savings bank, that We are
sending millions of dollars TO Europe
to be deposited In government saw
ings banks there, and the people who
send their money there would rather