Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1912-11-01
:WHITE WANTS STATE
J. TO GUARANTEE BANKS

One thing l believe would be of
great benefit to ThurstOn county and
which ! think the legislature should
consider, would be scenic railway
across Mt Rainier to Yakima" said
Allen White. one of the Democratic
candidates for representative from
rhuIstOn county, in discussing his can
didacy recently.
Il believe the legislature should urge
upon Congress the construction of such
a road and | believe if the project is
presented in proper way 1t might be
accomplished before the great Coast
ravel which is sure to come in 1916"
he continued.
Il believe also in bonding the state
or money with which to build roads
carefully surveyed and located where
we might expect them to be best adapt
ID 20 to so years from now. and first
class trunk line roads which would aid
in settling up our lOgged-Off lands.
Il believe the state should guarantee
he reliability not only of state banks
out also of fire and life insurance com
panies. bonding, building and loan and
other surety companies, doing business
the state. The state now examines
III of them and should not it guarantee
heir reliability and back up its exam
nations, making the companies give
Ill reasonable assurance of their re-
possibility before allowing them to
10 business?
my idea is ard has always been that
i bank allowed TO do business as ma
ional bank should be guaranteed by
he government and likewise q bank
Icing business as a state bank should
De guaranteed by the state, believing 1t
would be better to have the state lose
in a broken bank rather than that the
Door people should be cheated out of
heir money.
1.-The state has authority and OPP
)ortunity to examine into all banks
and insurance companies, an authority
not given to the public, and believe
the public should be absolutely pro-
tected. l believe the people should be
protected from fraud as much as pos
sible Bank officers should not be al
lowed to recommend or dispose Of
notes, bonds or stocks for more than a
legitimate value and they should be
held responsible for all shady transac-
lions recommended or helped by
bank or its officers.
Il believe Woodrow Wilson will be
the next president; in fact many Re
publican papers c0ncede that he will.
and with Democratic house and sen.
ate In Congress 1t would seem good pol.
icy for Washington to be with them
and in harmony with them. as all Of
he Coast states undoubtedly will be
Democratic. More favors might be be
slowed on a united front all Of one &C
cord, and the next three years will be
crucial ones for the Pacific Coast, dur
Ing the opening and early stages Of the
Panama canal" he concluded.
Away back in May, 1871. Mr.. White
left his home In New Brunswick. Can
ada, when he was just 10 years old,
and came out West to Denver In an
smigrant train. There he finished his
apprenticeship as carpenter, after three
years work, and moved on to Califor-
mia. where he worked at his trade for
five years.
In 1879 he came north into Oregon,
working ct his trade there until he
came to Tumwater In 1884, since which
time he has been engaged In the manu-
| featuring business. being as present
interested in two sawmills and shingln
mills combined.