Show BROOM restaurant OPEN DAY AND NIGHT excellent lunch from 12 to I 1 p in we make a specialty of private or select dinner parties lunches ies for train or picnic parties put 1 up ap on oil short notice otice fi extra fine sunday dinner OYSTERS IN ANY STYLE ladies private dining parlor FOON LF LEO 0 proprietors twenty fifth str street act ogden utan utah safety fety of the community it is worth abile hii to answer the several propositions alch A he advances lot let us take the first instance that ane ne honest and prudent hanker banker would ue be taxed to make up for the dishonesty dil hon and imprudence of others 1 Is not this true of all restrictions on linking banking does not the honest a nl anil virulent Iru lent banker under existing laws in order that the depositor may ce be protected from the dishonest and imprudent mp if we had no banking laws at all and banking was done by pr vate individuals the honest and prudent P banker would save the money t that hat he r now ow pays for enforce 1 ex aminat loas ious of his bank and ho he could at times make interest on a part of tie money which he be is now required to keep in his vault as a rigid reserve but because some bankers are not prudent these laws place a hurden burden upon the good as well as upon the bad it being difficult to di distinguish r ting the prudent banker from the imprudent one until a bank actually fails 1118 f in like manner it might bo be said that if all people were careful about fire fire insurance rates need not be as a s high as they are but the careful haie hae to pay higher rates than they because some are not careful life insurance rates are higher than dould be necessary to cover co the actual risk it if everybody took care of his health and here too the cautious vie eie burdened because some are care li of their health all insurance is can open to the same objection and yet insurance of all forms is growing and the insurance of depositors deposit is growing in popularity more rapidly than any other form of insurance and I 1 may add it yields tho the largest return on the investment mr taft complains that no one can foresee the burden which abich under tinder system would bo be imposed upon the sound and conservative bankers of tho the country by this obligation to make good the losses caused by the reckless speculative and dishonest mn in n etc we have the past to guide us and wo we have reason to believe that the loss los will be less in the future than in the past because when banks become mutually responsible for each others deposits they will be interested in each other to favor setter better regulation and greater restrictions strict ions what has nir mr taft done to protect depositors from recklessness and occula don while he refuses to protect depositors he praises the aldrich weeland ecland Vr law which invites speculation and stock jobbing in declaring that the system proposed by the democrats would remove all safeguards against recklessness in banking mr taft betrays an ignorance of the subject for the plan does not propose the berno removal al of any safeguards in fact it contemplates stricter reg lUdt viat ions of the banks and oklahoma nas brig already made the banking regulations stricter lie he declares that the only benefit would v id accrue to the speculator who would be delighted to enter the banking business when it was certain that le it could enjoy any profit that would acer accrue no while the risk would have to be assumed ned by his honest and hard vi fellow the present banking law requires that a certain amount mIl nt of capital shall be invested in 11 1 1 the business busin ss and that law would still stand to enter the banking business therefore a man would woula either have to have the capital himself or secure the confidence of men who had the capital and this capital together with the per cent liability would be a guaranty that the stockholders would not intentionally select careless officials why should a ir speculator peculator be delighted to enter the banking business under the guaranty system he jr is not relieved from pecuniary obligation nor is he relieved from cr criminal liability ho he would hofve nothing to gain by carelessness nor would the stockholders have bave anything to pain gain by indifference |