Los Angeles herald., 1905-09-13

CHEER BRYAN
DEMOCRATIC LEADER MAKES
NOTABLE SPEECH
HE DEGREES GENERALIZATION
Nebraskan Given Hearty Reception at
Banquet In chlcaeo-Says He
Is Not Candidate for
denomination
HE DEGREES GENERALIZATION
BY Associated Press.


an, soon to leave for a tour of the
world, was the recipient of notable
testimonial of esteem tonight at ban
quet given in his honor by the Jeffer
son club at their rooms. Covers were
laid for 300 guests, and among those
present were Congressman H. T. Rain
ey of Illinois; Ollio M. James Of Ken
lucky, Mayor Edward F. Dunno of
Chicago and Clarence S. Darrow.
When Mr. Bryan rose to speak he
was greeted with an enthusiastic dem
onstration and some minutes passed be-
fore the applause had subsided suffi-
GENTLY for him to proceed.
II want to make my position perfectly
clear; l want to say to you that not
only am I not announcing a candidacy,
but I am not permitting a candidacy"
There had been warm words of praise
for Mr.. Bryan, particularly from former
Congressman Ollio M. James of Ken
lucky and Judge James B. Tarvin of
Covington, KY, and from Alexander
Froup of New Haven, Conn, who de-
clared that Bryan was the legitimate
leader of the Democratic party in the
coming campaign.
When Mr.. Bryan, who came last on
the program, rose to respond to the
toast Democracy VS.. Capitalization"
he deferred for few minutes entering
upon his formal address until he had
returned tbanke for tho words of y,roieo
showered upon him by the speakers who
preceded him and until he had set him.
self right upon the question of pos
sible candidacy for the presidency.
Too Early for Candidates
II am not now," said Mr.. Bryan, "a
candidate for any office. 1 have never
said that 1 would never again be a.
candidate for Office, but want to say
now that talk of candidacy for office
does not effect me as 1t once did. 1
believe my place in history will be de-
termined, not by what the people are
able to do for me, but what am able
to do for the people.
II think 1t is now too soon to choose
a candidate for president to make the
race three years from now; it is too
early to pledge ourselves to any one
man. 1 trust that before the time
comes to name a man for the next
presidential nomination more light may
be thrown upon our partys pathway
and that man may be chosen who
will be best able to do for the party
more than 1 have yet been able to do"
In his special speech on Democracy
VS.. Capitalization" Mr.. Bryan said:
There are two forces constantly at
work in every nation, one force tend
people. To a little farther back, we
may start with proposition that there
are only two theories of government
one that a government is a thing Gre
ated by the people for themselves
this is the theory which is embodied
which declared that governments de-
rive their just powers from the consent
of the governed. The opposite theory
is that governments are imposed by the
few on the many-such governments
rest on force. Few, if any, govern
ments now known entirely exemplify
either-nearly all if not all of them.
representing a compromise by the two
theories, but in every government
there is a tendency either in one direc-
ton or in the other.
Sees Danger in Capitalization
Every attempt to take authority
away from a community and vest 1t in
some power outside of the community
contains a certain amount of infidelity
to the democracy theory of government.
Just now public attention is being
directed to the encroachments of great
corporations on the rights of the people
and the discussion of remedies.
"The Jeffersonian Democrat would
not take from the federal government
any power necessary to the performance
of it's legitimate dutie5, but he recog-
nizes that the consolidation of all the
government at Washington would be
menace to the safety of the nation
and would endanger the perpetuity of
the republic.
1.-The investigation of the large life
insurance companies has led to the dis
cussion of national remedies and the
advocates of Capitalization are likely
to seize on this agitation as an excuse
for legislation which will take the busi-
ness of life insurance out of the hands
of the various states
1.-THE Democrats should draw a dis
tinction between federal legislation,
which is supplemental to state legisla-
ton. and that form of federal legislation
which would substitute a national for
state remedy No national charter
should be granted to one insurance
company and no federal supervision
should interfere with the power now
vested in the states to supervise COM
panies doing business in such states"