Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1908-08-27
II Would Offer inducements for So
ulation with Assets Of Banks.
READY FOR FISHING EXCURSION
Party Leaves Hot Springs Friday fol
Middle Bass Island.
WILL ATTEND G. A. R. REUNION
Reports Continually Reach Presiden'
tial Candidate that Colored
voters Have Not Withdrawn
Their sapPort.

a premium o. reckless banking ard is an
inducement rsreckless banking thus did
Mr. Taft this afternoon in response 70
a direct question state what is IN his
orinion the vital objection 70 the plan 10
guarantees deposits IN national banks.
THAT Is the fundamental objection" he
said. Relieved OF the responsibility to
and the fear Of his depositors. the ten
dency would be to induce exploitation and
manipulation OF the assets OF banks in
speculative way. II would promote specu-
istlon at the expense Of his fellow bank
ers and that Ultimately means at the ex-
pense Of the depositors. Any proposition as
10 the amount Of tax that should be as
sessed as based on the present rate Of
loss. is on an erroneous basis. as the danger
Of loss OF deposits is increased vastly by
the proposed system. so that the percentage
Of the tax would have 10 be vastly in
creased.
Mr.. Bryan did favor guaranty. the
government 10 raise the funds by taxing
the banks. but tho democratic platform pro
vides for an enforced Insurance which
compes ali national banks 20 contribute
10 the insurance funds 10 meet the de-
faults Of the spectators / am told that
such a law was In force On New York. and
that the result was that when panic
ensued the tax having been improperly cal
culated. there were not sufficient funds
10 pay the losses. but this l have only
on the authority Of a well-known writer
on the subject"
Candidates and Platforms.
There was some discussion here today OF
the position alleged to have been taken
by Senator Hopkins that the policies Of a
presidential candidate, so far as they are
not contained In the party platform. are
not binding On the party. Judge Taft de-
clined TO make the matter q controversial
one. II might be said that attention was
called to the fact that the rate bill recon-
Bnended 10 congress BY Mr.. Roosevelt was
not specifically approyed BY the FePuo-
lean platform Of 1894 but that It was
Aaopted by a republican congress on his
recommendation.
Colonel John McAnerney OF New York.
formerly Of Alabama and a colonel in the
confederate army. who was a democratic
delegate-at-large from the state Of New
Jersey In lSsS. today gave out an inter
view here declaring that in the coming
campaign he will support Judge Taft al
though he will not take an active part
in the campaign. Congressman Slemp
and National Committeeman Alvah II.
Martin of Virginia conferred with Judge
Taft today about securing republican
speakers 20 stump the state OF Virginia
They left tonight for New York TO fur
ther pursue the matter with General Du-
pont chairman OF thes speakers bureau.
Ready for Fishing Trip.
Arrangements for the departure OF
Judge W II Taft and party for Hot
Springs were practically completed today.
The party win leave the Virginia Hot
Springs at $3.50 Friday evering in a spe-
cial car which IS 20 be attached to the
regular train. The newspaper men will
accompany Judge Taft in the special car,
the cost Of which is borne by the party
In common.
The first stop will be at Gsuley at 2:l7
Saturday morning. There the Taft party
car vii b. sidetracked uatn SIS q. m A
three-minute stop vii be made at $50 at
Gallipoiis, o. Athens Will be reached at
iO:4o q. m, and the arrangements covering
The stay there are in the hands of Central
Charles II. Grosyenor and a committee.
Judge Taft will deliver a nonpolideal ad-
dress TO the veterans there. The departure
from Athens will be al SIS p. m and the
arrival al Toledo will be after 10 o'clock
Saturday night In order 10 avoid Sunday
travel The party viii embark al once for
Middle Bass Island. where Judge Taft will
devote a week or so 90 fishing and some
OF lis time may be given 10 poAticAl con-
fsrenres His chief Of staff, A. !. Vorys.
viii Join him az Athens, but viii not 80
directly with the. party 10 Middle Bass
Island. He VIII reJoin Judge Taft there
AZ a later date next week.
The only excursion from Middle Bass
now on the program IL scheduled for 6 p
tember 2 when Judge Taft will attend the
Grand Army Of the Republic reunion al
Toledo. Although the date Is not definitely
fixed, the party probably viii leave foI
Cincinnati or September Z
Judge TAFT is receiving number OF re-
ports indicating that the support Of the
colored voters has not been Withdrawn
from him. Copies were received today by
the candidate Of resolutions Of endorsement
adopted by the colored Republican club Of
New R0chells. y. Y, and the Charles Z
Hughes Afro-AmeTican Republican club Of
Rochester. n. \.