Show I HEADING TILE THE UNPLEASANT SIDE I One can always find argument In support of or a favored theory It is a wise man who looks Jools for tor forthe forthe the other side JC If there bo be none none then then his course I is plain But If there thero bo be then ho he may prove his I wisdom IJ by getting rid of his pct pet theory I IThe The Tho guarantee banking act looks so fO goo good 1 that thal ono one wants It mado made general Security of or depositors I i. i so necessary It appeals so strongly and it seems I Ito to Just that ono cannot but fall tall in love Jo with the I bank banI guarantee act of oC Oklahoma An And yet there I II I is another side to the matter Here lIere Is 18 what has been collected from some of or the thc big new newspapers I of tho the country countr Tho The Chicago Tribune points out that it was a n failure in tho the of Not York and comments as follows The guaranteeing of or bank hanl deposits was tried In tho the state stale of or New York for ten len years and anti failed Called dismally It did not nol protect depositors but It dl did encourage encourage- wildcat banking honking The plan has haa been in operation in OI Oklahoma for or a n. few ew months and has not had tine time to tall fall But It It Is Oklahoma alone that Mr Bryan Bran has in mind when ho advocates his deposit guaranty plan The lessons of the pR past t are arc lost on him Tho The St. St Louis Globe-Democrat Globe shows that graft graft- grafters ers receive the benefit of or the law Jaw That paper says As s tho rho average sensible layman Jayman can see sec eo the effect of or this pooling of oC issues between tho time prudent and tho the Imprudent the tho honest and the dishonest bankers will ho bo to penalize the tho prudent nu and the honest bankers for the benefit of ot those of or tho the opposite op op- order Under tho the Br Bryan an plan such spoon spoon- and grafters as get gel et into tho ho banking business busi busi- ness would havo a n free hand for when tho the smashup smash- smash up came camo tho the honest and cautious bankers would bo be compelled to brace braco them up and pay for their plunging plunging- and stealing The New York Times says S I Ill It ll cannot be for tho the interest of or depositors that there should bo changes made In the banking laws law I that thai would woul encourage unsafe and 1 reckless man man- of or banking institutions Unquestionably the amendment Mr r. Bryan Bran proposes would act acl as such an encouragement A banker Lanker who felt fell that I Ithe the sums to him by depositors would bo JIO r out of a a. government fund if iC he he should honl lose lotte thorn thom would certainly be he under temptations not riot JIl likely eJ to Upset beset the rite banker Danker who felt feU Unit that th hc responsibility of oC his hi trust rested upon JC alone The Chica Chicago o Ocean Inter-Ocean secs sees no good In tho the I law and says It is a a. pretty and consoling consoling- spectacle wh when whon n an nn I I Oklahoma bank has failed to see sec the state Intervene intervene Inter inter- vene ne and instantly relieve the anxiety of or Its Us de de- I Yet It is an entirely safe safo prophecy that thai because bo- bo i cause of this law tho the percentage of bank hanl failures failure I will ill bo be higher in Oklahoma than elsewhere elsewhere- Aral Ard I I serge porno day so bo man many banks may fail tall because of the I encouragement rement thus given i to reckless banking that the resources of the public treasury will also fall Call and the state Itself go o into bankruptcy It looks as if it there were reason renson In tho the statement state stalo- ment that tho the plan will not work ori under the con conditions conditions condi condi- l- l Lions there thero existing But It does docs not remove the obligation no now J resting upon the wl wise e men The They must make safe i tho the deposits of or the I people Thc They They- must in some wa way provide the people with a banking system IJ by which t a n. mans man's money monety is safe safo in the bank bani If It they do that thc they will do all the tho friends of or the guarantee f system system can can ask for and it will not be hc a whit moro more than tho the people of the nation rIch nation rich and poor are poor are entitled to lo I r rt |