Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1909-11-19

hundred exampleS), is certainl,
not a model that you would rec
Ommend to the state of 0klahO
ma or any other state or nation.
Your reference to a portion O
the guaranty fund being on de
post in this bank was either pur
pOSely or ignOrantly unfair, an(
ignorance of the facts does not e.
cuSe an editor who takes the free
dom of discussing a question o.
fact. You should have told YOU
readers the truth, that what
guaranty fund there was on de
pOsit in this bank, in compliance
with our law, had its legal pro
lection, which enabled us to con
vert it into cash in six hours.
Again you say:
"a bank which needs a guar
anty has no title to be in bushes.
at all"
This Is unworthy of space fol
answer, further than to ask YOU
readers to reflect on the miSer
able failures that have occurred
under the n atiOnal law that yOl
have attempted to sustain.
Again you state:
"a dishonest director, exer
clSlng the necessary power on thu
finance committee, could discount
his worthless note of hand, matur
ing a year ahead, with his bank
credit his deposit account will
the amount suspend the bank and
receive in full the amount of hi,
fictitious deposit from the Othel
banks.
Now, Mr.. Editor, under Sepa
rate cover ! am sending you &
copy of the Oklahoma bank law
No such condition could be &C
complished under cur law. You
have simply been reading the ma
tional banking law and have got
ten our state law mixed in YOU
mind BY comparison. '
Of course, men can rob a guar
anteed bank Just as they can rO|
any other class of property, bu
under the Oklahoma law they
have to do it on very short NOTES
even to get started away Will
the goods.
Your general statement that tn
Oklahoma law encourages veal
banking, l would ask you to ad
wise yourself. There are a elias
Of people, among whom Their
may be some editors, who form
the habit of speaking first ant
thinking afterwards. This is
bad practice. You should qui
| it. You will discredit your news
paper.
There has never been a quarter
ly report since the Oklahoma la
was passed that does not shOv
conclusively that the state bank
of Oklahoma are stronger thai
any other class of banks in tn
state. | do not mean to say tina
the other class of banks are no
sufficiently strong, but l do meal
to say that the Oklahoma stat
banks are exceptionally strong.
In your issue of October Z, yol
have the following:
Both the governor and tn
bank commissioner Of Oklahoma
who are disObeying a restraining
order of the United States cour
sitting at Guthrie, in regard t
paying depOsitors of the faile'
Columbia bank, may in the EN-
acquire a very wholesome reSpe
for the federal court. DiSObeym
an order of the United States
dangerous.
You have obviously copied thi
paragraph from the petition fl
ed in the United States court an
the motion for citation in tn
case referred to. There is no Oth'
source where you could hav
acquire a very wholesome respeC
fact. In the first place the al
tOrneys who brought the suit ar
the same attorneys who have tn
case pending in the United State
supreme court, appealed from gu
state court to destroy the stat
banking law. They secured a cl
ent, nonresident of our stat
with a twenty-five thousand do
lar certificate of deposit on tn
Columbia Bank and Trust Comp;
ny. Protest against the pa.
ment of this certificate had bee
filed with me. We asked I'll