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The Commonero
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CHARLES W. BRYAN, PUBLISHER
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VOL. 8, NO. 35
Lincoln, Nebraska, September 11, 1908
Whole Number 399
THE SIMPLE STORY OF SECURED BANK DEPOSITS
The Democratic Platform Favors This System for Bank Deposits; the
Republican Platform is Silent on the Subject; Mr. Bryan is in Favor of
the Plan; Mr. Taft, in His Letter of Acceptance, Opposes It.
: READ THE FOLLOWING CERTIFICATE
GUTHRIE, OKLAHOMA, JUNE 27, 1908.
The Depositors Guaranty Law was passed December 17th, 1907,
and was made operative February 14th, 1908.
Bank reports show that the effect of the law began weeks
before the law was in actual operation.
There are now 551 banks under the law in this state, including
fifty-four national banks. There are 255 unsecured banks (all
national) in the state. r '--,-,.., .-.-,.....,
The dates of statement calls were as follows
For National BanksDecember 3, 1907, February 14, 1908, and
.May 14, 1908.
r - For State Banks December 11, 1907, February 29, 1908, and
May 14, 1808, ' .
From December 3, 1907, to February 14, 1908, the deposits in
the unsecured banks decreased about an even half million. The
.secured na.tional banks for the same period gained in deposits about
$520,000. State banks (all secured) for the period from December
11, 1907, to February 29, 1908, show an increase in deposits of
$716,749.47.
For the period ending May 14 secured national banks show an
increase in deposits of $645,413.61.
. State banks, (all secured) for period ending May 14 show an
increase in deposits of $2,355,602.14.
For the period ending May 14 the unsecured banks (all na
tionals) lost in deposits $600,807.86.
Deposits of state funds show a decrease in both classes of banks
as follows :
In secured banks $ 21,533,50
In unsecured banks 669,919.76
Total increase in, deposits in all secured, banks, December to
May, per reports, $4,237,765.22, ' -
Total decrease of deposits in all unsecured banks, December
to May, per reports, $1,100,807.86.
Total decrease of deposits of state funds in joth classes of banks
last period, $691,453.26.
So it is apparent that there is $3,828,410.62 more individual de
posits in banks in Oklahoma than before the Depositors Guaranty
Law was passed and the secured banks have been the beneficiaries.
The above is correct.
GEORGE W. BELLAMY,
Chair. State Banking Board.
ROY O. OAKES,
Sec. State Banking Board.
THE TWO SYSTEMS COMPARED
"BRYANISM" IN OPERATION IN OKLAHOMA
May 21, 1908.
Bank Commissioner to Farmer, over rural telephone -"Mr.
-, this bank is broke, and 1 would line ior you xo come in ana
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ALDRICH-TAFTISM" IN OPERATION
orpt. vnnr mnrifiV ."
Mr. : "Yes, I heard the bank was broke, but I am busy
today with my crop. I will be in in a day or two."
Coalgate, Oklahoma.
June 1, 1908.
"Twelve hundred infuriated Italians stormed the closed "door
of the 'busted' banking house of Costan Liopea, on Orange street,
today. The police drove the crowd back."
Cleveland, Ohio.
MR. BRYAN'S LABOR DAY SPEECH
" Mr. Chairman, Ladies and Gentlemen: '
Labor Day is a legal holiday and it was made so because the leg
islators thought the wage-earners worthy to have a day specially set
apart for the consideration of themes that concern those who toil.
I appreciate the compliment paid me by the program committee of
this city in inviting me to participate in the ceremonies of this day,
and it was gladly accepted, because Chicago is the second city in the
Union, and as a labor center it is scarcely second to any city in the
world.
Delivered at Chicago, September 7, 1908
If it were proper to speak from a text, I would select a passage
from Proverbs, for I know of no better one than that furnished by
the words of Solomon when he declared that as a man "thinketh in
his heart, so is he." This is Bible doctrine; it is common sense, and
it is human experience. W think in our hearts as well as in our
heads out of the heart "are the issues of life." It is poor head
that cannot find a plausible reason, for doing. wJiat the heart wants to
do. I begin my speech with this proposition because I want to im
press it upon- the -minds of those who listen to me, and upon those
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