Show deposit guarantee fails of purpose 4 i ii i HE 1119 editor of 0 tho the norwalk ohio T therald taken a sonto somewhat what dlf dif beront view on tho banking situation sit from a gooe gooc tunny many people ills his idea to Is as an follows f with rento falling nud ami unpaid real estate does not present a 0 happy picture nor does t lie ho avnor 0 of carefully selected bonds oel feel any happier with a bunch of thoin roine going wrong A lot of talks very carefully invested in preferred end and com mon men stocks in tho the finest compan companies lea in the world and havo selm them fall all to perhaps a tenth of 0 what tl they ley paid tor for them anti anil no lie dividends nt at nil all some settle folks opt their money in savings accounts in banks and abid some banks have closed and left thorn them high and dry lut jut tho the situation Is worth looking at n very carefully caro lully on oil government authority most banks that closed wore were really solvent but tor for frozen asboth attl and popular timidity gradually Orn dually the closed clos d banks are arc coining out from under and depositors in oven evell had bad cases will got get at least SO 50 por per cent coltof of their savings thata tough of cat c tt trao truo nobody ilkew to lose halt half of what they had scrimped mid sacrificed ind and saved dut but when you gonril and stick the roll of ON bills in A coffea pot or under tinder a mattres mattro ai somo plug ugly conics along alone and buia bupivi your feet billyou till you tell him 0 tan ta n Q t and welcome come and what ab abul wt tho the great brent majority ot of baglia tha thab the storm met all camera aul ard ire are doing business as usual carefully und mid con can ively but safely what about the savings in libao bunks thoy they are a full tier per cent today and thoy they are the only thing than WP we know 0 ol 01 at per cent maywhere after all is said cald and done a goud vall man aged bank Is still tile the liest place in all the tha world tor for amonoy or aings right now in ohio the banks pay tho the taxes on all savings and pay their depositors net interest on their savings we cant think jus jua now of many othor other that are a tooth tenth rs ro safe as a savings account in a solid batik bank why even A savings account in a closed bank baal t is actually worth cortil moro more today than most stocks |