The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1925-02-20
BANK GUARANTEE LAW
KILLED IN HOUSE
Continued from page one)

part of it alright then forget an
then in despair repeat another part
During the course Of his speech h
looked down at the floor evidently be
ing ashamed to face those presen
while he tried to excuse the crime.
Of the bankers.
Evidently feeling that DR.. Larson
had mixed up his speech Fitzgerald
OF RavalH rose to continue the case
for the bankers This FITZGERALD
though, is not to be confused with
Fitzgerald Of Silver Bow, who is the
bankers mOutpiece in the lower house
He brazenly charged that the Guar
antee Law had proven a failure in
other states although he did not pro-
duce single letter from anyone in
these states to show he was RIGHT.
Despite the fact that Mr.. c.. M. Skies.
General Council of the Nebraska
guarantee Fund Commission, few
days before wired that the law was a
success in that state, that every de-
posltor was paid his last dollar and
that the bankers in Nebraska were
satisfied with the law, Mr.. FITZGERALD
continued to attack the operation of
the law in Nebraska. He wound up
Dy quoting figures and making a plea
Tor the poor bankers" of Montana.
FARMER-LABOR MEMBER
COMPOUNDS BANKER
APOLOGISTS.
Robert Larson replied to FITZGERALD
by reading an extract from a book nv
PROFESSOR RObb, showing that the de- /
posltors had been paid every dollar
where banks failed in Nebraska. Also
that the people and even the bankers
themselves We're satisfied with tho
law in that state. This was . com
pleCe and unansWerable refutation of
what previous speakers had said
ABOUT the operation of the law in Ne
Ofaska. Representative Robert Lar
son then read from a publication is
Sqed by the Bankers Association of !
montana and intended for distribution !
only select few. This nub- S
llcatlon showed that three Montana
bankers made a trip through several t
sCaCeS last November and December
Tor the purpose Of getting material {
with which to oppose the bank omar {
aiCee law and that they were accom- {
panied by Mr.. Mark FITZGERALD ron Y
resentatlve from Ravalli county. Mr. l
Larson then laid down the pamphlet t
ana pointing an accusing finger at tho
hawaii county representative said: S
want to ask the gentleman from S
AaValll If he paid his own expenses il
IN the trip referred to, if not what t
Institution did? I
The members of the house looked tt
n the direction Of FITZGERALD hTt L
nat gentleman looked hard at the Z,
esk IN front of him but did nor Il
nsWer. He was evidently taken nm al
wares. vi ?
RlDAY, Is, MAY PROVE NJ
NDOING IN NOV, 1926 h;
representative Robert Larson then te
)ntinued: ''i0ii oy
This is Friday, 10. For untold
5eS Friday, the 18th, has been re- sh
arQed as an lll-Omened day. If T
ad the portents in the skies Alright CO
VIII prove an unlucky day for mem We
rs OF TINS house, two years hence pr
no vote AGAINST THIS BILL, til;
1oIV OF Cascade and Caplis of Sill Ra
T bow then spoke against the bill rel
ley used the Federal Reserve aron- CIR
emu and admitted they were for ish
ms guarantee law two years AGO the
7 changed their minds recentiy VIII
ley dld not tell the members 1vL9+ fac
luenced them to change Their PIE
mas. anC
AulIholand Of Silver Bow said no bus
y the greatest confidence in some
lEefs with whom he did business Lis
Butte but he felt it his dlltv ~ and
* this bin chat proposed Ia oi,-o iori
ii9 PIoteGCon TO The depOsitor. He RA
! thaC about 5000 people had lost col
III money IN the Yegen Bank in I
,1e ana that the people sent him ty Z
re charged to try to devise some Of t
I TO protect the deposition. He ed t
| ne was going to carry out the an
mes OF the people who elected O.
ana vote for this bill. He also lead
hed members of the House NOT 10 this
egafd the demand of their consti- putt
i1s. Tor law to protect depositors fess
dITS BEING PAID BY y 4G Nm
NkERS ASSOCIATION a II =,
tz;gerald of Ravalli, stung bv the "A ~ y
lfks OF Robert Larson and fol III an N
thaI he better confess taIino. - i, -
~ from the bankers because aI-; 49,.
i had leaked olf a9V,Na[ - 80
got the floor. He admitted tb3f - LII.
ecelved money from The barl-a'' , ,'oos q
that his trip was financed b-- We" ,-'sA
. He tried TO explain # IN tbs 80, y. IN
ld that he was poor. Fitz~eI , ooCap
admission was one of the 49, $50,
e1ul ever made on the fool. bv 7,, ,'ol
legislator. The people of MOI - ir-1.
aie under obligations to Robart 80 nv -
y Ior the exposure of this fooi 49,, ,.~foo'
e bankers. 'ool ..'lcl
rick then spoke for the bqnlers B se;
iid he was a banker for * n.y. '..0'1
ana not much else On d. '''S c. {
me bill was defeated bv a vote So ,lel''
nc TO ~. A roll call was ca1leJ 49, llt
inns caused CONSERVATION and III -'ro5'i y
! members left the House wbiia ,,.,u -
beng taken The Roll call IL - passe 5 I
IN another column. -" - mould