The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-10-05

our money III Wliucat SpeculatlOnS ana
wished to issue us some sort Of |. o.
us. when we asked for our balances
Since that time Oklahoma has sent
little down there. 1t is not our Gus
tom to send our cash where they wish
O. give us checks Of Wall street gam
HERS when we want the real money.
Perhaps thaf accounts for the labfi-
cations. misrepresentations and total
ialsehoods sent out under the Bache
name
After printing the quoted ralsehoods
and more. an OF il SO utterly al Yarit
aDee with even the semhlance OF truth
as to command The opinion il Is stud
led and intended TO misrepresent ana
mislead, the Bache concern proceeds
10 admit that the hank guarantee law
Is e success. thai there Is no more
'ifficnlty than ii dep1sitor were
changing his acoount
Read the miserably concocted ad-
mission the first statements were
false. infamous and malicious.
Our correspondent in Kansas
City wires us that the depostors
I are being paid off as fast as their
accounts can be verified. The
payments were being made all day
4 yesterday, and are guing on today.
I The depositofs are being put to
no more trouble than they would
\ be to change from one bank to
auother unexpectedly at any time
n thls payment is carried ont
successfully, it will show that the
law Is practical one. and such
laws viii be enacted all over the
country This Is the judgment
of sound banker in the South
west who Is stoutly opposed Of
course, to the idea The deposits
In this instance were large. We
hear that they were gained In one
year by offering big interest,
and that the management was. TO
say the least, not conservative"
A great many banks are not con.
Quoted along conservative lines. As
to which one the people have little
knowledge. Certain ii Is that under
the Oklahoma law they can not con-
ftinue In that line very many weeks,
for the banking board can call halt.
No such wild eating In bank cir.
cles as prevails In New York City
could endure in this state two months
How many OF us remember how Har-
riman. the man all bankers of the
East feared, purchased a railway con.
cern. took the money OF a bank and
purchased Il, issued new paper. pur-
chased that with bank funrs, then
sold 1t back 10 the suckers at about
par
The difference between that sys-
tenn and piracy is altogether In favor
of the pirate. He pledges nothing;
gives nothing and gets out OF the
way with the swag.
The Oklahoma plan Of making de
positors safe would not be popular
with the Bache style Of banking. The
law we have m9kes the man who puts
his money In the bank safe and as
sures him he viii be able 10 get his
money on demand That Is not the
style down East. There the contribu
lions to receivers. long litigation. etc.
I makes lie depositor the last man con
cerned Here he is first
Oklahoma laws have long been a
topic for comment among the ignor
mt OF the East The man who could
not fill space otherwise has been
delegated 10 rap Oklahoma, her peo
pie. her laws her conditions. etc. As
a rule those assigned to us cross a
! corner resembling any other plains
} section, then hastens home to tel
what he doesn't know.
The Bache concern Is not ethical
even according to the law Of ethics
among Wall street wolves. II sends
out advance letters. telling what is
mot known and whlt is not suppos
ed to be known After telling all ;hfl
= takes the staff man who has nevei
been west of TIE Connecticut rivei
and has him write a datrible against
the laws OF oklahoma