Jasper County Democrat, Volume 11, Number 39, Rensselaer, Jasper County, 17 October 1908 — A CONVINCING CERTIFICATE [ARTICLE]

A CONVINCING CERTIFICATE

That Every Voter Should Read Who Relieves That Bank Deposits Should Be Guaranteed Agafhst Loss. The* Democratic platform favors secured bank deposits. The Republican platform is silent on the subject and its leaders, Mr. Taft notably, oppose it. The following certificate published in. The Commoner is distinctly Interesting at the present time: “Guthrie, Okla.? June 27, 1908.—The depositors’ guaranty law was passed Dec. 17, 1907, and was made operative Feb. 14, 1908. . “Bank reports show that the effect of the law began weeks before the law was in actual operation. ‘ , “There are now 551 banks under the law in this state, including 54 national banks. There are 255 unsecured banks (all nationals) In the state. “The dates of statement calls were as follows: “For national banks, Dec. 3, 1907; Feb. 4, 1908, and May 14, 1908. “For state banks Dec. 11 1907; Feb. 29, 1908, and May 14, 1908. “From Dec. 3, 1007, to Feb. 14. 1908, the dejxisits in the Unsecured banks decreased about an eveu halfmillion. The securea national banks for the same period gained In deposits about $520,000. State banks (all secured) for the period from Dec. 11, 1907, to Feb. 14, 1908. show an increase in deposits of $716,749.47. “For the period ending May 14. secured national banks show an increase In deposits of $645,413.61. “State banks (all secured) for the period ending May 14, show an increase in deposits of $2,355,602.14. “For the period -ending May 14 the unsecured banks (ail nationals) lost in deposits $600,807.86. “Deposits of state funds show a decrease in both classes of banks as follows: In secured bankss 21.533.50 In unsecured banks 669,910.76 “Total increase in deposits in all secured banks, December to May, per reports, $4,237,765.22. “Total decrease of deposits in all unsecured banks, December to May, per reports, $1,100,807.86. “Total decrease of deposits of state funds in both classes of banks last period $691,453.26. “So it is apparent that there are $3,828,410.62 more individual deposits in banks in Oklahoma than before the depositors’ guaranty law was passed and the secured banks have been beneficiaries. “The above is correct. “ROY C. OAKES, “Secretary State Banking Board. •GEORGE W. BELLAMY, “Chairman State Banking Board.