Jasper County Democrat, Volume 11, Number 37, Rensselaer, Jasper County, 5 September 1908 — WHY NEGLECT THE DEPOSITOR. [ARTICLE]

WHY NEGLECT THE DEPOSITOR.

In support of the plank in the Democratic platform in favor of the passage of a law guaranteeing deposits in banks, Mr. Bryan, in his speech at Topeka. August 28, called attention to the following facts: j Why not make the depositor secure? The United States government requires the deposit of specific security when it entrusts money to a national bank, although it can examine the bank at any time; the state requires security when it deposits money in a bank; the county requires security and the city requires security; even the banks require security from /he officials who handle money. WHy should the depositor be left to take hte chances? Not only is the depositor without protection, but the security given to nation, state, county and city lessens his security. They are pre-

/erred creditors; they have a mortgage on the gilt-edged assets and the depositor must get along as best he can with whLt remains. Why are the Interests of depositors thus neglested? Can any unselfish person think of any reason why the individual depositor is not as much entitled to the protection for his money as the nation, the state, the county or the city? Is there any reason why the individual depositor should be discriminated against by such practices as now exist? The Democratic party thinks not. The Democratic party is pledged to the passage of a law which will secure all depositors.