Jasper County Democrat, Volume 11, Number 22, Rensselaer, Jasper County, 15 July 1908 — PROTECTING BANK DEPOSITS. [ARTICLE]

PROTECTING BANK DEPOSITS.

l*he bankers of this country have been solicitous for laws which protect the bank*, but it see mis to have remained for a private citizen, not connected with the banking business in any way, to find the best solution of the problem. Mr. Bryan’s plan of protecting the, depositors instead of the stockholders, seems to offer the best possible protection to the banking interests. When you remove the fear which men have of banks becafise they know that bankers are just human beings like everybody else, you give to the business of banking a solidity which it can never have without some protection other than a published statement which few people understand and a crooked banker is always able to doctor until the damage is done. Take from the people the fear of loss through dishonesty, and the money will circulate so much faster that the banker will have mord of it to loan, and will take smaller interest, and this condition will stimulate the business interests of the country. A perfectly honest bank, in its management, is as safe as a steel encased safety deposit vault; but it is almost impossible to find a bank without some officer or employe Who is known to gamble and have habits which cause distrust, hence the timid man is afraid of all banks. Make it impossible sot the few weak men in the banks to cause loss to the depositors, and the public will lose its fear of depositing money in the banks. There are already enough laws protecting the banks as against the public, now give us one protecting the public against the dishonest banker, and the equation will average up better.—-The Hoosier.