Rocky Ford enterprise., 1910-08-19

be paid for out OF the fund to which
,nat the bank commissioner will al
ways be informed OF the first indica-
hSide9s @ % ana diTse,ors Of BANKS l st0ski Viii
readily put up more money when Its
o' do so by " the commissicnsn sro caSseS Ss bS 5S
such information from the other banks.
Will cause the putting up OF additional
in the banks failure. II i. only When when
stockholders refuse to make good de-
iicits. linoer the vigilance caused by
Much ess Il sesm. Diak 70 Il Sat be
Guaranty fund to the bankers them
Tor the small amount which they are
compelled to contributs to the guar
riDis than the fear. when money is
tight. that a run mish be made upon
TSe oy 10 s1S
itors in banks is said to have been on
the average less than one-tenth OF one
telie for the banks to pay compared to
the great profits made by them in
should be done to instili confidence
and the states guaranty Is one OF the
5an things which ,s Will VIII cause sS more conf.
will bring forth boarded moneys to the
dollars much to the benefit of the
banks and the acceleration of business.
l received communication a few
weeks ago relative to the operation OF
the Oklahoma Bank Guaranty Law. 1t
informed me that since the adoption
OF the Bank Guaranty Law in Okla
homa three state banks had failed. and
every dollar of deposits had been paid;
banks had failed and their depositors
had received not a dollar.
guarantees the deposits Of both small
and large banks. II will take depositors
those states where the Bank Guaranty
Law exists. There are certain advan-
capital. which prevents any such con-
dition. Under the laws of nearly every
s1at mo bank can lsnd to one person
vi With bank oniy s5 600 wao deals
could borrow 100000 from a bank
Sitian ALMOST eSmpss IKE large desier
to Keep his account In the banks of
The principal argument against the
the solvent TO pay the losses OF the In
sSranee % D eompaniea. the Tse p prsmiu@s e N. 'n Of
1as s,. healthy az *. men 70 to pay the death
doubtful risk. But the Texas law
the banks. for t Il prov prov,des I that il 1 snY
bank does not care to pay into the
can by a bond guarantee Its own de-
posits. II the directors and stockhoid-
ers of bank. who control and manage
the moneys Of Its customers. are not
willing to guarantee Its deposits. how
can they expect the depositors. who
sumo sumo that risk? Every W financial Of
ficer Of the United States. of the va
riSSs stated SGsnsss 9na sdt sss e1 .s.
posits, Why should not the ordinary
depositor have the same protection?
,ion. through its president and secre-
tary. has recently published a strong
endorssment OF the Bank Guaranty
The conditions In the state of Colo
rndo are exceedingly prosperous At the
sms be- sT aheTs mg. In
fraction Of that wSich they obtain from
to guarantee their deposits. then surely
now is the time for the enactment of
ssch legislation.
Public Service Conmission.
On account Of the growth of the
business OF so many public utility cor
PoratioIs. a commission. In my juds;;
with care and after full investisation.
regulate and control the same.
The state OF New York has adopted
and its operation has proven very sue
cessful and beneficial TO both the pub
lie and the utility companies
Corporations are To pe treated fairly.
but at the same time they should not
be permitted to extort from the pub
by arbitrary action refuse to accom-
modate the public. One OF the greatest
sion Of such S eSrporntions ras Sns and the en-
deayor to make the public pay divi-
dends upon such wctered stock. To
can Increase its capital stock. to OBJ
tain the consent OF a Public Service
Increase only upon a showing Of value.
effect. The right o. every one OF these
exists only by virtue Of a charter given
to It by the state. and 1t Is proper
be protected by q controlling power
being vested In n commission.
Railroad Commission.
A recent decision has been rendered
Of this state unconstitutionai. It is
therefore essential that there should
sse 'G iesi.pssuTe te eSntno nneh cory
porations- 1t should be vested in the
Public Service Commission. but II that
sion to prevent the Imposition OF un-
d!scfimIns,lon, SH e inadeSaats na a railway Away
service. the giving or receiving of re-
bates. and all other unjust things det-
the Union except Delaware. wyoming
and Colorado has such a Railroad Com
mission: some OF them are exceedingly
efficient and effective and there should
be such n commission In this state.
As long as railroSds are permitted
to issue passes to the people. so long
will they have an undue Influence in
the framing OF laws and In the obtain
ing OF special favors and privileges
from the various officers OF state,
county and city governments. The in
fluence of railroad companies begins
with the holding OF conventions of each
Of the political parties. At one of the
political conventions held several years
ago, l asked at the window of the
ticket office at the Union depot wheth-
er. on account OF the state convention
aeid At n certain place. they did not
have on sale round trim tickets Mt re-