Show GUARANTEED DEPOSITS The Tit gi on th of the tim sentiment on In n favor f a government go guarantee guarante for depos deposits its LS in Il national banks ha lias been aston astonishingly rapid It I seems reasonably certain certain tain lain now nov that an affirmative i n fl tins this subject will wi be Incorporated in hi tn tr platform to be adopted by the Dein Dern ati national convention in Denver July Jul ap It would woul not be te surprising s ing ilg if the Hie n U ouk do r auie le thing in m The fo t fr th lit Br I idea is by b no maans con cn id to It o Democrats and ant Democratic piper pa I Many are ue in inn iri irr n or or o oUt 1 Ut h New e York Yori T unal of of Commerce said s it recently re t I v th Ih assurance that deposits are aref hafi f b bt ul there is a t n from t tw t wi will ill he bp b met with wih certainty in the theas theas theas as of o an bunk bank tint may be unable t i meet them feu to fo itself end and n one olle of the th hief dangers dangers of crisis crisi will wi be he remove lemoe J AA With an effective of ot note re re dempton and the supervision by b re redemption 1 r districts thit would go with Wl h the risks riska taken would be diminished tt nd mI the feeling of ol responsibility i y in bank directors would be increased With AVIth suh an au extended bank system as ours our li ro is grest gret r t need n c of a unifying i i KI and a i interest ald common among its it n f an anil J this would he be ina large Treasure measure supplied supple by the plan of guar guaranty any anty for notes note and nt for deposits It I is admitted that there are arp ar some borne objections to the plan but hut hutt butH It H t is s also admitted that legislation that nil j i rationally meet met all I the objection tan an be drawn Congress is not likely to tI t take any action on the matter at a athis this session preferring to further feel the public pul puI ant ana a ascertain If it pos possible sible sibie just how strongly tIle proposition tion Ion has taken of Ot the tie popular mind mindI If lit I It i should develop as we 6 believe beleve it I TV nl ill that a great majority bf the people believe hi lii II the tho government guarantee a law placing it I in opera operation oper ton tion tIn will wj be placed on the statute books booksIn In the meanwhile congress has some something something something thing In tl Knox I nox postal savings banks bill bi with wih which it may l r occupy oc p It ts mind The great greit purpose in bank legis legislation lation laton is or 01 should hould be the protection prot rf f the small mal depositor The depositor vho ho has ha thousands Jn Ja n ready re b cash sh can n usually be depended nde upon to protect i The postal pota system S t lJ of or bank bankIng Ing hg will wi certainly protect tie the t small smal de do depositor depositor It I moans means mEns as much to him as the government guarantee means mean to o his ls more nore fortunate fortunat o f citizen Nothing should be permitted to prevent the Knox bill bi from becoming a law lair |