Jasper County Democrat, Volume 11, Number 29, Rensselaer, Jasper County, 12 September 1908 — WHY BIG BANKS OPPOSE DEPOSIT GUARANTY. [ARTICLE]

WHY BIG BANKS OPPOSE DEPOSIT GUARANTY.

The large banks in the great cities that are mostly owned and controlled by the Standard Oil Company, the large insurance companies and similar interests, are opposed to the guaranty of bank deposits. They feel that from their enormous size they can attract money from the small banks in both city and country. They know that if the deposits of small banks were guaranteed the deposits of country banks would increase, the money would stay in the country for local use, and the big monopoly banks would not be able to congest the money in large financial centers for use in unfair stock speculation. If you want your money to stay at home to build up the business of your locality, vote for the guaranty of bank deposits—which means to vote for the Democratic candidates.