The Sauk Centre herald., 1909-12-30
NOT ALL SUCKERS
Continued from page l
try and pledge every candidate for it. :"

try and pledge every candidate for it. "
The county option leaders don't
want to make the mistake Mr.. Palmer
did, and possibly there is small dang
er that they will do so. Mr.. Palmer
was too confding. i have learned
within the past few days that Mr..
Palmer was allowed at the last meet
ing of the legislature to name a
majority of the temperance commit
tee. Three of the men he named
were on the other side. When Mr..
Palmer found this out he complained
at the speakers Office of unfair treat
ment. Speaker Rockne's friends were
foxy enough. "Didn't you name Mr..
So-and-so, Mr.. So-and-so, and Mr..
So-and-so," Mr.. Palmer was asked.
He was obliged to admit it. swell,
if they had voted for your measure
you would have had a majority of the
committee, wouldn't you?" was the
next question, and Mr.. Palmer had to
admit, too, that that was the fact.
"Well," was the conclusion, Il don't
see what you've got to blame Mr..
Rockne for" Which, of course, was
a good way to get out from under, al.
though there was little doubt that
the speaker knew well enough where
the alleged temperance men were at.
1t doesn't always pay to trust even
those politicians who make the loud
est professions of sincerity and disin-
terestedneSs.
The indications are that the Okla
homa bank guaranty law is meeting
with popular approval in that state.
The state banks whose deposits are
guaranteed are getting more business:
the national banks are getting less.
The total deposits in state banks on
November 16 amounted to $40, 775, 433,
an increase of s20, 800, 600 in the
twenty-one months the law has been
in operation. Since September ]
there have been a gain of sixteen new
state banks, five of which are convert.
ed national banks At the same time
there has been gain of So per cent
i'm the average reserve from Septem.
Der to November ID, bringing the
reserve up to 49.7 per cent, which is
the highest average ever shown by a
statement of Oklahoma banks, and is
besides an indication that safe bank
ing methods are general. In the peri
cd referred to there was an increase
of individual deposits amounting to
81, ,9O8, 173, and an increase over the
June statement of S7,O52, sos. On the
other hand, from September l to
November Is there was a decrease OF
100000 in the deposits in national
banks. Naturally depositors are plac.
ing their money in those banks which
have the states guaranty behind
them.
Since the law has been i'm operation
there has been one large failure, that
of the Columbia bank, whose deposits
aggregated $4,000, 900. The bank com.
missioner took charge of the institu.
tion September %. Depositofs were
paid in full as they called for theil
money, and on October 16 the com.
missioner was able to say: 81 have
sufficient cash on hand to pay every
individual depositor. In my judgment
this record is unparalleled i'm the
history of the banking business in
this country. Our guarantee law is
stronger today than ever"
1t is perhaps too soon to say that
the guarantee law is a demonstrated
success. The facts reeited seem to
show, however, that it is becoming
established in public confidence, and
that the banks taking advantage OF
the guarantee law are not wildcat
schemes or mushroom growth, as it
was predicted they would be.