The Boise citizen. (Boise, Idaho) 1906-1910, 1909-10-15
BANK GUARANTY LAW JUSTIFIED

failure guarantee The cawed
pipe Oregonan gave number quotations
journals Oklahoma The
failure caused ripple for single day and then the after
practically you anything
this your daily paper Not much The big combines
the business exploit information that OF benefit the
people Just think Of million dollar failure
deposor loses dollar anywise inconvnienced The
closed change
the officials OF the Truly great demonstration OF
justice dbenet OF the law The following editorial
upon the Okahoman Of Oklahoma City
While public Columbia bank suspension waned
day deposors they could get
their money and died altogether Thursday when deposors
apply discussion continued unabaed among the bankers
business The general feeling OF surprise that
dions financial circles did show at least signs OF
easiness and disturbance suspension large
would country banks which deposited with it.
consequent embarrassment their part There OF
appearing what would be done with
the Columbia depositors-
OF course excitement alIayed by the
presence Governor Haskell who the head OF the banking
charge affairs Some OF the antagonists OF the
banking point that governor could be in charge
number OF banks involved different cities but the
future quick settlement Of the Colunb affairs will stand
precedent prevent undue being felt and the bank
consider that the future holds any fear Of panic for
them under the existing. system
The CRY certain quarters that the other bankers
must pay the denquencies of fellow banker This
appear however the bankers do consider that
the regular assessments nuarany fund
banking members inclined think that the
fund will impaired bank Will be able make good its
shortage
1t admitted by all bankers sometimes poor will be
poor crop and business conditions will sometimes
seriously deprecae the value good loans when made
banks loans rather important than
the deposits the loans the deposits with
the ordinary Of business the provisions OF the
law for undivided profits and surplus and capital stock abI
t are protection all fail however and the bank
undeniabv short that protection this that the
guaranty fund has shown will provide in Oklahoma.
Indscreton part OF single banker might true
compel of the pay small price Tor quiet
and the security of their But the price while paid BY
the bankers is borne BY people the public that supports
the banks and guaranty fund the only the public
has OF securing against misfortune and its hysera The
option OF all the bankers but the national bankers
in favor system tried by the Columbia suspension
and many national bankers ready for conversion to the
state plan which bankers predict viii shortly become
general
Opposition to the banking plan being curbed
sure by very general impression among Oklahoma business
impression spectre that stalks the elbow OF the
national banker any panic among Oklahoma
banks would result in the establishment postal banking system
The experience through which the Columbia has passed will
prove benefit to many Oklahoma bankers however Tor it has
not beer lesson Generally when misfortune or dis
acter assal us they caened with banks Some
times bankers forget training they have received Sometimes they
the proper training In such experience the
teacher and this instructor spares the rod
Bankers of long experience and proven capacity declare that
nk should not any OF class OF
ade bank should have politics. that It should not know
east west north should favor particular regi
Gus organization or bank should unite the busi
ness interests Of community that all contribute its
and prosperity should extend such large credit to
one person the failure OF such party parties would
mperi embarrasS the institution.
Inn Bradys mania for public functions and par
AIDES has him call assemble all Of the comiss