| Show an illusory law lav I 1 tiie the bank deposit guaranty law in ry lorai form la a onara and it a delusion declares a banker in a state where it lias has been tried addin it la Is a license and encouragement to irresponsible banks and banking and penalizes capital sol mcacy and prudent banking it creates a sense of security in the minds unthinking and uninformed that ahat lc ir false and impossible to be realized ah h alti ultimately to compare it to le legitimate insurance to ia without reason and ab 1 1 J it tha sol solvency of mcall all banis and the 0 safety of all depositors tor for the theoretical safety ofa ot a tev guaranty schemes always have been are arc and always will be impotent futile lualle and disastrous it ignot Is not new Haa Kas been tried failed and discarded at intervals for moro more than years yeara in this country no well informed honest and intelligent tell igent mind can call accept it in principle or practice competent bank supervision per perv vision islon and rest restriction fiction of banks to territory that will warrant sufficient capital investment and accounts la Is the tha only sano sane and honest cour coura and will afford all the guaranty Rua the nubile la Is entitled tn as compared with ill ther other humn human afra affairs irs |
