Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: FOUR YEARS MORE OF DEPOSIT GUARANTY SUMMARY Bank Deposit Guaranty in four states, 69. ? Upheld by U. S. Supreme Court, 70.?I. Oklahoma; many failures, 71.? Adverse economic conditions, 72. ? Politics and the Guaranty Law, 73. ? Cases of dishonesty, 74. ? Details of certain failures, 75. ? Insolvent banks kept going, 77. ? Heavy losses in Oklahoma City, 82. ? Legislation of 1911 and 1913, 83. ? Powers given to State Bankers' Association, 84. ? Other new provisions, 84. ? The national system now gaining over the state system, 87. ? People still have faith in guaranty system; its future uncertain, 91. ? II. Kansas; participation optional, 94. ? One guaranteed bank fails, 94. ? More than one-half the state banks participate, 95. ? Legislation of 1911 and 1913, 96. ? Commissioner fixes maximum interest rates by counties, 96. ? Progress of state and national banks, 97. ? Good and bad points of Kansas system, 99. ? III. Nebraska; no failures for some years, 99. ? Summary of the law, 100. ? Progress of state and national banks, 101. ? Advantages and defects of Nebraska law, 103. ? Its influence on deposits, 103. ? IV. Texas, 104. ? Some failures; losses relatively small, 104. ? Progress of national and state banks, 106. ? Most banks elect the guaranty plan, few the bond security plan, 107. ? Legislation of 1913, 108. ? Charters refused where no necessity for banks, 108. ? The future in Texas, 109. ? V. General Arguments and Conclusions, 109. ? Guaranty alone does not cause failures, 109. ? Large single risks and concentration of risks, 110. ? Guaranty funds should be larger, 110. ? Grants of power to state banking departments, 111. ? Is guaranty a public need ? 111. ? Effect of currency legislation on sentiment for deposit guaranty, 112. ? Will plan be continued where now in ...