The Ordway new era., 1910-08-19

| bank is embarrassed. or is In failing
q asa anashesa sapn bank knSws %Sss
be paid for out OF the fund to which
thas ,hs bsnk san Be readily
ways be Informed Of the firs, Imdica-
noia.pt ,lon Of falling fondi.ions. All stock;
capital Is first IMPAIRED. ana %afn So.iee to to
such Information from the other banks,
VIII i,c1 cause set the % putting up OF add, ,ionai
in the banks failure. 1t tiay is Only fesht.s when
the capital is almost exiting ulshed that
3hotI Tieits nder refuse ehe 70 make good de.
much less 1t seems 70 me that the
Guaranty fund to the bankers them
selves would be ample remuneration
compelled to contribute TO" to the .ees guar ar
aInty aI,y fund; Nc condition is more hor-
tish, ief han thaa me run feaf when money is
founded rumors. The losses to depos-
the average less than one-tenth of one
per per cent year: This Is a mere baga-
ts,.e sa r9e the ,paI eanks to Pay compared TO
iendln = ou. the deposits: z Evers,hlns ensm M
should be done to instill confidence
things which viii cause more confi-
dence In the banks than any other
nf M brss Yst nat
amount OF hundreds of thousands OF
dollars much to the benefit OF the
l received a communication a few
weeks ago relative to the operation OF
informed me that since the abolition
Roma .hsss state sank. hay haS tailed: al oss ana
nj ftap natf 80 D, q a
that in the same time three national
banks had failed and their depositors
had received not q dollar.
guarantees the deposits OF both small
and large banks. 1t Will take depositors
That has not been the experience in
those states where the Bank Guaranty
tages In dealing with a bank of large
dItion. Under the laws Of nearly every
state. no bank can lend to one person
an amount more than ten per cent of
It's capital, \ merchant who deals
only soTroW @ sssoeSo WGieS fap'a. @py Be- Gan to
ead tay 90 ,s nesds while he
dition almost compels the large dealer
to keep his account In the banks of
The principal argument against the
Bank Guaranty Law is that 1t compeis
the solvent to pay the losses Of the in
surance companies. The premiums OF
the healthy men 20 to pay the death
pnny charges a less premium to a
doubtful risk. But the Texas law
the banks. for II provides that II any
bank does not care to pay into the
can by a bond guarantee Its own de-
posits. II the directors and stockhold-
ers OF bank who control and manage
"a nf ut ~ nf
can they expect the depositors. who
nSsnE ha rsk es Gvery e se
ficer of the United States. Of the va
rious states. counties and cities of this
posits. why should not the ordinary
depositor have the same protection?
The Kansas State Bankers Assocla-
tary. has recently published strong
endorsement of the Bank Guaranty
Law OF that state.
The conditions in the state of Colo
rndo are exceedingly prosperous ut the
present time. but there must in some
traction Of that wSl len they eaa OBJ ain from from
10 shelr deposts sets .heS sassiS
now II the time for the enactment OF
such legislation.
Public Service Commission.
os So Gs anS S' pSSss he
nsns. Should 'a' Be- ersssea N Which lex 'us viii
regulate and control the same.
such a public service commission law
cessfui and beneficial 10 both the pub
lie and the utility companies.
Corporations are to be treated fairly.
be permitted to extort from the pub
Iic uniust and discriminating rates nor
modate the public. One Of the greatest
tion Of such corporations and the. en-
denSs upon S .aeh "s ee s'osk
can Increase Its capital stock. 10 OBJ
Commission. which will consent to such
increase only upon a showing OF value.
effect. i The Fight o. every S', ONE NJ " Of these
corporations to do business IN a state
exists only by virtue OF n charter given
that the interests Of the public should
be protected by controlling power
being vested In commission.
Railroad Communication.
a recent decision has been rendered
declaring the railroad commission act
Of this state unconstitutional. It is
ss ha sh9pS
Pors }ioass: /. should bs vested in the
l'uDlIC service ConIIllSSlOT. bht IL tuul
cannot be accomplished. then there
should be created a Railroad Commis-
sion to prevent the Imposition OF un-
reasonable rates and charges, unjust
discrimination, inadequate railway
bates. and all other unjust things det-
rimental to the people. Every state in
the Union except Delaware. wyoming
and Colorado has such n Railroad Com
mission; some OF them are exceedingly
efficient and effective and there should
be such a commission in this state
AS long as railroads 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