Show BETTER BANKING METHODS In letter to its patrons the American National bank of or San Fran Francisco cisco calls attention to the th fact that the banks bank of California are planning a system system tem tern pf Q f which will also safeguard the interests Inter of depositors depositor In general Jeneral terms term the plan contemplates tIme the examination of all banks in III inthe the thea as association by b a disinterested examiner employed and paid by b the association on His duty will be to see that t nt the th banks are conducted properly verify vey the value of hf bf y securities se and otherwise Jr protect ted th the safety of alt all the banks bank by b constant coutant Inspection same pame system I teat in San SaEm Francisco now pw o aito o in In ri Chi Chicago cago c io where It was Installed dat at the time the bank bink failure re near leal precipitating a national and aid shake the tiu Chicago ngo banks b by its un unexpectedness Unexpectedness expectedness and the enormity of the interests affected Likewise the Xe New NewYork York Turk banks Instituted an tn examination at the thI time tim of orth the October Oct bpi r crisis cri l In 1907 which resulted In the elimination of Morse orse Heinze the and other prominent figures from the banking business of ot the metropolis and a gen general general general eral housecleaning in a number of the big bl Institutions that had been violating sound banking law as well ell as other laws la This Tills move I oe of ot the California banks will of course help to insure public confidence In the associated banks bank The very ver knowledge that an examination may be made macJe at any an time is of Itself enough to make careless or reckless bankers change chan e their method methods It may maybe ma mabe maybe be questioned d however whether any an private or semipublic examination will vIlI reach reah the end most desired by b the depositing public namely nam l an ab guarantee that they the will not under any m circumstances be he called on n to face f e the loss of ot their money mone or any an large part of ot it u That result could only onI be attained by b some form of ot insurance whether by b the state as In Oklahoma or by the gov government gO as proposed by b Mr Ir Bryan Bryant Since Sn e tile the recent agitation of the sub subject subject subJect popular opinion n has made marIe strong headway in the direction of a demand for or a guarantee of deposits and ulti ulU ultimately ultimately such a guarantee gu rantee will be forth forthcoming forthcoming coming Whether bether It Is done voluntarily by bank associations a or under compulsion compulsion compulsion sion by tJ statute Is Immaterial to the depositor |