Show I An Illusory Law The bank deposit guaranty law in any form Is a a. snare and a a. delusion declares a banker in a state where it has has been been tried adding It lt Is a inc irre irresponsible license and encouragement to banks and banking and penalizes capital solvency and prudent prudent pru pru- dent banking It creates a sense of security in the minds of the unthinking unthinking un un- un- un thinking and aud uninformed that is false falso and Impossible to be realized on ultimately To fa compare it if to legitimate legitimate legitimate le le- le- le Insurance is without reason reason reason rea rea- son and absurd It jeopardizes the solvency bf of all banks and the safety of ot all depositors for tor the theoretical safety of a few tew Guaranty schemes always have been are and always will be Impotent futile and trous It Is not new Has been tried l failed and discarded at Intervals inter for tor tormore more than years In this coun coun- try No well Informed honest and In Intelligent intelligent In- In mind can accept It In prino principle prin ciple or practice Competent bank supervision and restriction of or banks to territory that will warrant sufficient sum sum- clent capital investment and accounts accounts ac no counts Is the only sane and honest course and will afford all the guaranty guaranty guar guar- anty the tho depositing public is entitled entitled en en- titled to as compared with all other human affairs |