Show l t nAl BANK GUARANTEE TEE DIFFICULTY lY I Down In Oklahoma commissioners havo o refused a charter to an applicant for tor banking privileges The reason assigned assigned- Is that th there re are arc 1 banks enough In the town where the tho applicant proposed to do business I That might be a n. good thins thing and It might bea bea be bo boa a bad Of course all officials in Oklahoma arC are fair tall and honest men But nUt tho the plan would not work In Ito other states states states' for Cor bad moo men might aught get Into office there and they would be open to argument on the question n of whether there were wera banks bonks enough I in a town If It a friend of ot the Imo commissioner had hada a bank banle he wouldn't want another bank In ht his place And tho the commissioner loner might bo be persuaded not to grant the charter And a monopoly would exist Yet tho rho bankers of or the state have a n right to put a limit on tho the number of banks In a t. t town Each bank has to guarantee tho the deposits of or all tho the other othor banks Therefore It Is IB matter of ot Importance Importance Im Inn- to them thom that no bank is started where It certainly will w fail rail Either way you OU look Jool at nt it tho the now scheme has disadvantages es Wo We do 10 not want monopolies an and 1 wo we dont don't want Impoverished depositors But nut tho monopoly feature Is a now new development of ot tho the Oklahoma scheme |