The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-06-04

~r% ana ~
6sL5g gSS55E5 S.5E55 PertdLnlt8
FaIaas5;.55s 1 and EIeHES
y y Great ana 0#a"
C57ceH.
.-rrps we're very excited last
BlNALi'f35 f5e FarmeT-LabOr Party
~ shsr sil;tiate a Bank DepOsitors
ID 70 nv IsV When such a law
.sr'lies l,i.es..Ied on the floor Of the
- 'a,OI1 House Of representatives,
gci'iaa larson. a lackey of the
Boos,, ooe.,Es named Fitzgerald OF
4. .la,r .ornty got up and made a
lriI ,o+i 9.,;ng that such a law was
'.'.l 5. s'3-''t 4 other states. Nebraska,
'.i. ..;.niar, d was held up as a state
~ law for the protection OF
fas ..s ~ h banks was a failure.
s''is Isrson showed this c0nten-
,sil - I. false and that while the
\, . y = Montana had lost over
s .s. N Sao IN closed banks in four
w. .Io deDositors of Nebraska
). NJ Iost one cent. Simple-mind-
y. .....ssontatives from farming
y. took the word Of the Ra-
.,r5 ,.5oIogist for the money sharks s
..goS i,-o5cp 10 the statements of
60 90 man with the result
ne hin was defeated and the
M The state we're left without
..io, y against soft-handed ban
.g. sosrsting from behind bank
s.s
r, hIlowing letter addressed by
ss,rstarv Of the Department of
,o5 commerce of Nebraska,
Minnesota man two months ago
~re into our possession, and
q. tbq truth told by Robert
m to date. The depOsitOrs
v.b-,ska. who had their money
5,ss5 banks. have been PAID
TUTI You depOsitOrs who en-
- vour money to the care of
Jsri5an County Bankers should
n following letter and then
wrself whether it is more con-
81 70 your interests to put bank
y N Office in Helena, or
rfsre else. or men of the type
Robert Larson.
r bOEng over the records of the
-5rs of the legislature from
county. where a grand jury is
ubng responsibility for the
Of four banks last winter
f-i they voted against the Bank
r.ee Law. The widows and
irs of that county who lost
savings in the Glasgow banks
no doubt now prefer to havt
m a state where a law likD
h force in Nebraska would
protected them and cannot he'll
that their interests WOult
kta served by sending repre-
tyes to the State hOsnital VIII
vote for the program of tn
rE.LabOr party in preferenc
re interests Of the bankers.
hs letter referred to is as follow
STATE OF NEBRASKA
Adam McMullen, Governor
liltOln Neb., April 18th, 1926.
Andrew TrOvatOn,
tsi River Falls. MINI.
b Sn:
lr letter Of April 18th to Coy
T Adam McMullen has been T,
-d TO this Department for repl,
ne Guarantee law in NebrasE
1l IN force and effect. All d.
rs in banks which have gOI
rteiyership have been paid
The people of Nebraska see
lTe confidence in the bankiT
.iions, which we think hi
slsed upon the fact that d
s in state banks suffered ]
?! reason of bank failure
11aot, at this writing, say VIII
uiIe may hold, but with a
saleh We have on hand fro
{ banks and our regular asses
aggregating 6 Of 1 per Gel
average daily deposits
alnks, should, il seems, be at
e care Of all losses which ST
to be paid in not to exec
yelrS
a1ers certificates issued fro
eanks find a ready mark
nave always been paid DR.
-si maturity date which /
exceeded one year. At
y ume, there is practically
slsh IN the Guarantee fund
" certificates outstanding
- so far sustained IN st,
ance the Guarantee law W,
,sgsiatlon aggregate sOmethi
AaruOO,OO0, which should
asgegate, when all los
Sea taken, exceed S2O.OOO.O q
afe sending you, under s
GJo'er, a pamphlet contain
'''asaa Banking Laws.
Very truly yours,
-lenl OF Trade and Comm,
AlRK GRIGGS. Secretal
.,.OR c. S. NELSON. of
'OOo Herald, official or
republican party in Sheri
y states that there IS
.F.:.l F-..ol IN the ranks Of the c.
C--sas C,-.s as a Farmer Labor q
IL, ''allon a draws nigh. W
not not state anything no
n, ,Os.FElmental % to the pre
n y Jfleers, he intimates that
yos.l:ene !, some Of them. metaph,
'taklnu will F