The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-05-28

all FORWARD
ka9sas bankers heard the voice OF
prophecy when MI Dolley OF the
banking board Of the Sunfl0wer com
monwealtb reminded them OF c0ndl
iious beS la- more instructive than
Iheofles MIR. Doliey reminded his
friends, the banker, that whatever
charges ct foollshncss aud wildcat.
ting might be promulgated through
the state and national hanbang heads
IN convention. that oklahoma bahkS
which are guarantees are swelling
with money whilst the banks OF sur
rounding states show a cash decline
That bankers meet the guarantee
law proposition unklndly at first no
one denies, That the old p-elnaices
and contentious OF the old ethical
bankers has no longer the slightest
hold on the people At large the bank
ers refuse to see. but they are OhllR
ed TO admit something Is wrong.
Three yeats ago the blnkers who
advertised we're few and many felt
an advertisement was admission o.
weakness,
Today Z million dollars per month
would NOT pay the advertising 0f the
twelve largest financial Institutions
Ia America.
There are places where bankers
still adhere to the old customs, but.
as q rule, that Is In communities
where Tie growth Is SO slow that one
who left one Of those places ten years
ago can return and find the same old
whittlers In the same old corners IN
The sane old way, telling tho same
old tales and laughing the same old
laughs.
Progress demands publicity. Bank
ers have adopted the course Of the
other great commercial interests ana
they are now recognized as publ,
spirited class; IN the hitherto pre-
sumed 10 be so conservative as 4
pull back on the job Of advancement
The failures OF the period between
1898 and 1907. wherein the deposit
ng public lost several millions, ere
ated a d.strust Of the old banking
customs, admitted even by the oppon
ents OF the guarantee plan as being
crude, having evolved itself out ci
Old methods OF finance
Today the banking world Is IN rs
proper piece Il is not secretive anu
he people who entrust their earn
.nvs In banks have the same righ
az those who entrust their goods to
he wafehousemen or the one wht
lends his smallest or most valued
possession.
Il Is not a question OF individual
honesty II Is not a mere chance OF
a banker going In the right or the
wrong direction, but question OF
doing That which common sense
teaches Is sound and safe.
Kansas bankers made howl heard
lCgn East. and stlll great insur
gpce organization at Baltimore goes
ahead. taking out charter SO that
lt can ypante 70 the depositor IN a
lank that which the state can do fol
ess tax on the whole.
Kansan proteste-s, aud roasters OF
he theory may caii'it return to
srasshopper fantasies OF whatever
Use occurs TO the mind of the Invec
i've handler. but as sure as tAls worlo
teeps It's place and az sure as wc. con.
lnne to expand and to take on heN
md greater responsibilities. Just thH
iurc VIII the Kansas bankers and
III others where there is Il guarantee
law, meet the fact the people demand
iurety for their wealth and whose
etusea same will be likewise refuseo
when he asks to handle his proportion
If the wealth OF the community
Nothing is snrer than the banks OF
be United States, by National law
vii guarantee to the deposltOf pay
ng lil obligations. ani the yelp OF
ine attached TO the old regime and
be old custom and method Of doing
itlle and thai under protest VIII b
li no avail against The idea which has
iwepl the Republic in ~ short months