The commoner. (Lincoln, Neb.) 1901-1923, January 31, 1908, Image 1
"'i w "W" -1 The Commoner. WILLIAM J. BRYAN, EDITOR AND PROPRIETOR wf 1 1 1 1 mi wrvKmf$mmmmm hi'ipi in'mij'iilipw'i " p m mi ' ' mnv w iwi i"ppHPy" i'mwjmw mn ; w " ?L&- VOL. 8, NO, 3 Lincoln, Nebraska, January 31, 1908 Whole Number 367 CONTENTS "MAKE ALL BANKS SAFE" THE KENTUCKY SITUATION MR. BRYAN'S POSITION LET THE PEOPLE RULE SECRETARY TAFT, TAKE NOTICE! i "THE GREAT EVIL OF OUR TIME" OREGON DEMOCRATS GOVERNOR HASKELL'S SPEECH AT THE NEBRASKA DINNER WASHINGTON LETTER COMMENT ON CURRENT TOPICS HOME DEPARTMENT WHETHER COMMON OR NOT NEWS OF THE WEEK "TO WHAT BASE USES WE MAY RETURN" WHY OBJECT TO BRISTOW? Former Assistant Postmaster General Bris- "tow made an investigation of the Panama rail ed and it was proposed by members of tho fijjjtnate committee on inter-oceanic canals to in- nte Mr. uristow to give testimony Detoro tne committee. An Associated Press dispatch from Washington says: "Senator Flint of California ind Senator Hopkins of Illinois have expressed item opposition to Mr. Bristow appearing at all Tlnd they seem to have carried tho committee." What objection can there bo on the part of distinguished republicans to tho proposition that r. Bristow tell what he happens to know about Panama railroad affairs. What has become of the republican party's far-famed boast that its leaders are in favor of publicity? It has all along been a mystery why the republican ad ministration permitted Mr. Bristow to retire from the public service. His record was a good one, yet he resigned and went to his Kansas home and although he has, plainly, tho confi dence of the American people he seems to bo put of touch with republican leadership. oooo "ANYBODY BUT" The Philadelphia Press says: "The Johns town Democrat is of the opinion there will be a fading of the reactionary interest in Johnson, of Minnesota, since it is discovered that he is willing to experiment with the single tax and is otherwise too much of a democrat to suit their purposes. But there is no reason to suppose the reactionary interests are going to be very particular about the candidate; anybody but Bryan will do." "Anybody" but a particular individual! Yet the element represented by the Philadelphia Press pretends to possess a monopoly on the patriotism and the intelligence of the country! When superior mentality and extraordinary devotion to the public interests prompt these people to protest vigorously against the selec tion of a certain man, it would seem that they would not descend to the "anybody but" class. ORGANIZED EFFORT Whitfield Tuck, secretary of tho Bryan club of Massachusetts, Winchester, Mass., writes: "I have disposed of the one hun dred 'million membership certificates' and would like two hundred more. I in clude a certificate in every letter to mem bers of our club and urge them to active work in the army. The famous pail in action in the indu-tri! centers of the east MAKE ALL BANKS SAFE" 6 Mr. James B. Forgan, the prominent Chi cago banker, has unintentionally given the ad vocates of the guaranteed bank a slogan which they will be quick to utilize. Ho says that ho is opposed to the guarantee of bank deposits because "it would make all banks safe, one just as good as another and for that reason a man would go to any bank with his money." Ho claims that it would reduce all bankers to tho same level and there would bo absolutely no reason why anyone should not drop into tho first bank he came to to deposit his money. Why should not all banks be safe? Is it more important that tho big banks should have an advantage over the little ones than that the depositors and the business community should be protected from the bank failures? It is difficult to conceive of a more selfish argument than that which Mr. Forgan presents, and no one can be expected to endorse his argument without putting the interest of tho big banker above tho welfare of the community and the country at large. The time is a little inoppor tune for Mr. Forgan ,to speak so lightly of the interests of the depositor. It is only a little while ago that the big banks as well as tho smaller ones had to suspend payment on checks, and the Chicago banks even were issuing cashiers' checks. Why not look at tho question from the standpoint of tho depositor for awhile and give him a voice in tho determination of our banking policy. Mr. Forgan says that tho stockholders who supply the capital are liable for double tho amount of the capital subscribed and that "they have been accustomed to get for supplying this guaranty to depositors all the profits that can be made in the business." Sometimes, however, the hundred per cent lia bility is not sufficient to protect depositors, and after the stockholders have secured "all the profits that can be made in the business" they leave tho depositors to hold tho bag, but the end of this one-sided bank policy is near at hand. Tho bankers did more than they ex pected to do when they stopped payment on checks they taught depositors the need of bet ter guarantees, and now the depositors In the various states and in the nation are insisting that banks shall be made so good that a man will not have to spend his time watching tho officials or lose sleep for fear his deposit may disappear. "Make all banks safe," Is a good campaign cry, and it will prove an effective one if the republican leaders prefer to follow the advice of tho big banks and ignore tho interests of depositors. f i.-1. .