The Insurance of Bank Deposits in the West. II. (Conclusion)

Thornton Cooke

The Quarterly Journal of Economics, 1910, vol. 24, issue 2, 327-391

Abstract: Oklahoma (continued). Failure of Columbia Bank and Trust Co. Payment of depositors begun at once, 330. — Outcome of the liquidation, 332. — Other failures, 334. — How far deposit insurance caused the failure, 336. — How far politics entered, 338. — A serious question: the size of single risks, 340. — Desirability of postponing payment until after liquidation, 341. — Few conversions into national banks, 342. — Conclusion as to Oklahoma, 343. — Kansas. Unsuccessful bill of 1898, 344. — Act of 1909, 346. — National banks, not being allowed to participate, form a Guaranty Company, 349. — Legal complications: the constitutionality of the act questioned, 352. — Working of the act thus far, 355. — Nebraska. Act of 1909, 356. — Held unconstitutional by Circuit Court, and not in effect pending appeal, 357. — South Dakota. Abortive act of 1909, 359. — Texas. Act of 1909. Nominal option between guaranty and an indemnity bond, 362. — Other provisions, 363. — Guaranty plan generally followed, 365. — General regulation of banking, 366. — Effects of the act, 366. — Colorado. Unique and interesting bill, but no law enacted, 368. — Missouri. Attempts at legislation failed, 369. Deposit Insurance by Private Corporations, 370. — Proposals and possibilities, 371, 372. General arguments and conclusions, 373. — Chief purposes of deposit insurance, 373–376. — Objections: unnecessary? Failures, tho rare, are bad, 376. — Depositors cannot pick good banks, 377. — Would insurance bring impossible conditions? 378. — Undue liberality in interest on deposits? 379. — Fictitious loans? 380. — Undue expansion? 381. — No surplus accumulated? 382. — Unfair in taxing good banks? 383. — Premiums inadequate? 383. — State-administered vs. private insurance, 386. — The immediate future and the ultimate possibilities, 388.

Date: 1910
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