Deseret Evening News | 1908-09-12 | Page 7 | Bank Talks Insurance

BANK A KS lell I l b 3 Kan i ilIS NU lIS Republicans Has Advantages l s Over cr Democratic 1 Topeka Sept n William H Taft Tait ine Republican presidential l can In a Il letter to Stubbs Republican candidate for governor ol ot oC Kansas Jari s points out that tho th Kansas reference refer to bank deposit insurance avoids the objections against tho Democratic D national no tl naJ plat platform form Judge Taffs letter follows Middle Boss Ba s Island Sept 4 41 1 with you y u the action of the Republicans R puo of K Kan intas n as to w an un enabling ena act bj by which banks banIs In hI Kansas may muy voluntarily guarantee each eich do dolo lo is very verv different from trotTi the pro proposition position in the Democratic platform enforcing a tux tax against nil all banks by b which they thoy ore arc In effect to guarantee ithe recklessness and dishonesty ot oC every overy other othor bank Under the system proposed for Instance In the state of Connecticut Mr 11 Hill has ha shown that In course of oC foul seals the bunks banks and deposits of Connecticut would pay payout payout out and nothing buck back ald that would go to help thu depositors In Wall stroet banks bank which through the manipulation of stock would use all tho deposits for tho purpose of promoting wild spec speculation CC I do not have tho statistics but hu I 1 hivo havo no doubt the same same thing thin In per perhaps perhaps haps a less marked d would bo true In Kan a i Of you could not expect cx mo to express an opinion on iL a state or this sort sorl because b c u Islote legislation in not Involved In l the Issues s but you aro Ut nt liberty to say what I 1 HelY bc bo Hove that the tho proposition n in the Inn Kan Kanas as platform the ob object which hl Jh I suggested lit my m speech h of 01 acceptance ce to thu Democratic pro proposition Mo Mop p position to a Il national ri LI enforced nn oride e of depo In nil all banks s Tho rho Kansas KunS s proposition conies s within tha tho saving savinI clause which I l rc BI I ed lid show that the objection I had to make was not nu applicable to such a it its s steni Very V sincerely jour our Signed WILLIAM H