The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-08-28

70 participate in state systems What
the people need is a system whereby
Doth state and national banks will be
compelled to guarantee depositors, and
only a Democratic victory can secure
this reform. With a Democratic con-
Sress II will be easy to secure the
adoption of system which will make
ooth state and national banks secure.
Another Plank Endorsed.
And speaking of platforms. I am
glad to call attention to the fact that
the Republican platform adopted in
Kansas endorses the Democratic ma
tional platform on two important aues-
tons. First. it favors the election of
senators by direct vote of the people. a
reform which the Republican national
convention rejected by a vote OF seven
TO one and which Mr.. Taft has never
advocated but once, and that only in a
half-hearted way. In his notification
speech he said that personally he was
inclined to favor such a law, but il re-
quires more than a mere inclination
toward the law to secure such a reform
Another plank endorsing the Demo-
cratic platform is to be found in the
condemnation of the present rules of
the house and in the demand for a mod
lfication of the rules. This is the po-
sition taken by the Democratic nation
al convention. and il is gratifying to
know that the Republicans of Kansas
have supported us in the position taken.
But what shall we say of the condem-
nation Of the vice presidential candi-
date, Sherman? While Mr. Sherman's
name is not mentioned. he is so promi-
nently connected with the present rules
of the house that the Republican plat
form on this subject cannot be con-
strued otherwise than as a denuncia-
ton of him.
Kansas Republicans for Reforms.
Here We have the Republicans of
Kansas endorsing the nomination of
Tart and Sherman-eVen commencing
the speech of acceptance of Mr.. Taft
while the convention proceeds to con-
denim Mr.. Tafts position on the guar
anty of banks and Mr.. Sherman's posi-
ton on the subject of rules There is
no doubt that there is a strong reform
sentiment among the Republicans of
Kansas. and the best way that they can
give expression to it is to vote for the
Democratic electors and thus secure a
national administration in harmony
with their reform ideas and then elect
a Democratic state ticket which stands
for reform, a Democratic legislature
which Will not only stand for the guar
anty law, but elect Mr.. Farrell 10 vote
for reforms in the United States sem
ate, and then the Republicans of Kan
sas ought to complete their work by
electing Democratic members of con-
Sress 10 help reform the rules of the
house and help to carry out the reform
pledges in the Democratic platform"
Mr.. Bryan intended leaving for Lin
coin tonight. but at the last moment
his plans. and will start i'm the
morning instead, arriving home at 5
D clock in the afternoon
Mr.. Bryan was greeted with great
applause when he arose to speak. He
went at once TO the subject and said:
MIR. Bryan's Speech.
Mr.. Chairman. Ladies and Gentlemen.
Why not make the depositor secure? The
United States government requires the de-
oosit of specific security when it intrusts
money TO national bank. although il can
'equires security when it deposits money
n bank: the county requires security
md the city requires security; even the
banks require security from the officials
who handle money. Why should the de-
)ositor be left to take his chances?
Not only Is the depositor without pro-
lection. but the security given to nation.
state, county and city lessons his secur-
~. They are preferred creditors; they
nave n mortgage on the gilt edged assets
and the depositor must get along as best
ne can with what remains. Why are the
interests of depositors thus neglected?
a bank asks deposits on the theory that
he depositor is sure of the return of his
money, and the laws ought to make the
acts conform to the theory. The depos-
tor, the community and the banker him
self will be benefited by legislation which
VIII give to every depositor the assurance
hat that which Is committed TO the keep
ng OF the bank will be available to meet
lis needs at any time. Such is not the
'ase today. for while all banks are rea-
secure. they are not absolutely
10. This statement can be verified in
several ways.
Not Sure of American Banks.
First: The president has advocated a
postal savings bank. and his postmaster
general, in presenting an argument in its
avor, pointed out that many millions are
ent to European savings banks every year
~ Americans of foreign birth who pre-
er TO trust The state institutions Of the
lations beyond the sea, rather than the
,rivate banking institutions here
Second: II Is known that consider
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