1897 Session: Petitions 13-16

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AGAINST   LOSS.
Cat this oat, paste on sheets of paper below and get all
the signatures yon can in 10 days, and return to the X-rays,
Ogden, Utah.
To the Honorable Members of the Senate and House of
Representatives in Legislature nasi in bled in the State
of Utah.
It is a fact that bank failures cause a direct loss to depositors of money in banks of many millions of dollars in the
United States every year.
*• ■ TbciBu uuuiurou» tai 1 u i p s ibu.'■e financial panics which
result in the shutting down of business, throwing great
multitudes of people int-- idleness and compelling the sale of
property at a great sacrifice.
These immense losses to the common people, by hank
failures cause such distrust of banks as to induce the people
generally to hide their money, thus withdrawing it from
circulation, which results in scarcity of money, excessively
high interest and the suppression of business.
The biding of money on the person and about the home,
through distrust of banks,   makes   continual  temptation  to
footpads and robbers, and hence the era of crime in which
[ no property or life is safe.
j As this crime, impoverishment and great distress come
| from losses through bank failures and consequent loss of con-
• fidence in monetary conditions, and as we [ believe some
action should be taken to relieve the worthy bank of sus-
> picion, we the undersigned, petition you to enact such laws
as will require that the banker give bond that people shall
not lose the money which they deposit in -banks:
.NAMES. ADDRES.
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