The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1911-05-30
okLAHouA oovEanoa Defends
BANK GUARANTY LAW
-. -nma~rn9v
lALkS PLAIN AND PUlNl[DLI
Vigorously Declares That ths Measure
ls Good. and Desienats6 70 Pro
tsct Dsposltors-stste Banks
viii Get = Square Deal


where I stand upon the proposition Of
banking IN Oklahoma
Government is q great problem II
IL nothing more nor less. my friends.
than q great corporation in which
every individual under that govern
msnt. whsfher Il be city. state or ma
tional. IL q stockhoia4r. 1-@ Ss such
stOckhoider tnat individual has a right
% know what IL being done in the
way o. government What is true Of
government IL true In \ lesser degree
Of the banking situation In Oklahoma.
and especially IL that true, my
friends, Of the Oklahoma state banks.
You are. In a measure. responsible
for one anofher's shortcomings. and
inasmuch as banking in this state has
been made more Of a problem OF gov
eminent than II has In any other state
In the union. every banker IN Okla
homa. yes, every man who deposits
bis money in state banks In OkIah0
ma, has q right to know exactly what
is being done with the state bank
law IN Oklahoma. You men who con
tribute your money 10 the guaranty
fund OF Oklahoma have just as much
right to know Nnat is done with that
money as have to know what is done
with my money. fApplause.l ] have
made It one Of the rules OF my life
that I would never invest my money
In any sort Of an enterprise where
there was secrecy--where could not
AZ any time find out what was being
done with my money. and ] will say
my friends. that have practiced that
doctrine as an individual In my indi-
yiduaI affairs. I will practice is as
governor in the peoples affairs OF this
state (Applause.)
Il am not here 10 make war on
any banks or any class Of bankers.
! am pleading for peace among the
banking fraternity Of this state. !
want 10 see here the greatest state
that ever greets the stars and stripes.
and to do II requires united effort on
the part o. every man in Oklahoma,
lno every man In this state who really
loves his state will givA his help
toward building this great state And
you. my friends, who represent the
banks OF this state, you cant build
great state and build up great
financial system when you are fight
ing each other and tearing at each
others throats. (Applause)
"ood Bless You"
Another thing, my feIlow-citizens,
want to say Is this: That you state
bankers In Oklahoma who are tired Of
the state banking law Of this state.
should quit il and 90 TO the national
banking fold, and God bless you.
Applause have always taken this
position, that no man should live In a
town unless he can say that his town
Is the best town there is in the state
or the country. No man has right
to call place his home that stands
out upon the street and continually
knocks against 1t. and say to that
sort Of citizen. you ought to leave
your town and find a more congenial
country And say to the bankers OF
this state, II you state bankers are
tired Of the banking law OF Oklahoma,
your place is outside OF the state Of
Oklahoma, and the quicker you find
your true home the better II will he
for the banking interests and the
general interests Of the state OF Okla
homa (Applause.)
Il challenge you to fnd in all the
history OF American banking one sin
gle instance in which one banking
law has been in operation for more
than three years, where 700 banks
have operated under that law, and
never one depositor lost one penny |
Of his deposits in those banks. CAP
pIause)
THE guaranty Of deposits IL prin-
ciple that is grounded into tho hearts
OF the people OF this state, and 1t is |
grounded there to stay, and all the /
arguments against the Oklahoma prin-
ciple Of guaranteeing deposits cen
never remove that principle in this
state iApplause.)
An Improvement
4 realize the successful operation OF
this Law as well as any man does,
and let me say right here. my friends,
you can't charge that am saying
what am saying from the standpoint
Of the biased banker For nine years,
was the active cashier OF a national
bank never owned any stock in a
state bank III my life. and all the
experiences in banking and all have
known OF banks is about national
banks II II a splendid system OF
banking Eut I do say. my friends,
that the Oklahoma banking law Is an
Improvement upon the national bank.
ing law OF this nation. tApplause)
There is just one thing that want
ITO say to you gentlemen that will
have TO come to pass ia make the
principle Of guaranteeing deposltors
an absolute certainty and success, and
will relieve you to what you term a
iHauclal burden to you state bankers
We have law IN this atAtc which
says that n bank fall every stock.
holder IL that bank shall be assessed