Show An un Illusory Law The bank deposit guaranty law In fn any form is a snare and a delusion de dares a banker in a state stille where here It has ben been tried adding It It Is a license licence and andI I encouragement to Irresponsible bankA banha and banking and capital sol aol sol solvency vency Toncy and prudent banking It creates a sense of or security In fn th the minds of or the tho unthinking and uninformed that Is false and Impossible to bp lip realized on ultimately To compare It to legitimate Insurance Is without reason and ab- ab absurd ab absurd surd It jeopardizes tho the solvency of all banks and the tho safety of or all depositors for the theoretical safety of a few tew Guaranty schemes always have been been are and always will be Impotent futile and disastrous It Is not new now Has been tried tailed failed and discarded at intervals for lor moro more than years yeara In itt this coun try country No well Informed honest and in- in in intelligent mind can accept it in prin principle ciple or practice Competent b bank su- su su supervision and restriction of banks to territory that will warrant sufficient capital Investment and accounts Is the I Ionly only sane and honest course and will I afford all the guaranty the deposIting I public Is entitled to ai a compares compared with all other human humn a affairs I |