The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-09-14
BANQUET TO BRYAN
Answers Enthusiasm: I'm
No Candidate.
Mr.. Bryan Spoke On Democracy
Against Capitalization and Warned
Against the Trend of Certain
National Remedies.
lRy the Associated Press !

Chicago H., Sept. 12.-'I want to
make my position perfectly clear; l
want to say to you that not only am
l not announcing candidacy, but l am
not permitting candidacy
In these words VIM. Jennings Bry-
an administered a check to the en-
thusasm at the Jefferson Club BAN
quet, given tonight in Mr.. Bryan's
honor, greeted the speeches advocating
his nomination for the third time
for President.
Il am not now" said Mr.. Bryan, "a
candidate for any office, 1 have never
said that l would never again be a
candidate for office, but 1 want to say
now that talk of candidacy for office
does not affect me as it once did. |
believe that my place in history will
be determined, not by what the peo-
pie arc able to do for me but by what
L am able to do for the people zap
plause and cheers. l think it is now
too soon to choose candidate for
President to make the race three years
from now; it is too early to pledge
ourselves to any one man. l trust
that before the time comes to name
a man for the next Presidential race
light may be thrown upon our party's
pathway and that a man may be
chosen who will be able to do for
the party more than I have yet been
able to do"
William Jennings Bryan, soon
to leave for a tour of the world,
was the recipient of a notable
testimonial of esteem tonight
at a banquet given in his honor by
the Jefferson Club. Congressman
Rainey, of Illinois. spoke of "Our obi-
cations as world power, at home
and abroad" Congressman Raincy's adj
dress had as its keynote trade expan-
sion and the need of tariff revision.
Mayor Dunno was cordially greet
ed as he rose to speak on THE pro-
gress of municipal ownership" He
eulogized Bryan and predicted the
ultimate triumph of the principle of
municipal ownership.
Ollie M. James, of Kentucky,
brought out round after round of APP
plause by the eulogy of Bryan and the
plea for Democratic harmony with
which he closed a speech in which he
declared that Bryan had long ago de-
cArcd in favor of crushing the trusts
reforming the tariff and bringing to
arbitration all international disputes
In brief address Judge J. p. Tar
win, of Covington, Ky. declared for
Mr.. Bryan as the standard bearer Of
Democracy in 1908.
Mr.. Bryan then rose to speak. He
was greeted with an enthusiastic DEM
onstraton and it was some minutes
before the applause subsidized suffi
cietnly to allow him to proceed. He
spoke on Democracy VS.. Centraliza-
ton" his speech being, in part as fol?
lows:
Just now public attention is being
directed to the encroaChmcntS Of
great corporations upon the rights of
the people, and the discussion of RENE
dies reveals the fact that among those
who really desire effectively to re-
strain corporations there are two dis
tinct elements-thOSe who desire to
enlarge the scope of the Federal gov
eminent, and those who desire to pre-
serve the integrity and authority of
Democrat would not take from the
Federal government any power neces-
Sary to the performance of it's legiti-
mate duties, but he recognizes that
the consolidation of all the govern
ment at Washington would be a
menace to the safety of the nation,
and would endanger the perpetuty
of the republic He believes in the
preservation of the power of both
State and Federal governments. recog-
nizing in the constitutional division
of those powers the strength of free
government
The ifc Insurance Agitation.
"The investigation of the large life
insurance companies has led % the
discussion of national remedies and
the advocates of Capitalization are
likely to seize upon this agitation as an
excuse fer legislation which Mil take
the business of life inSuran ,c out Cf
the hands of various States The
Democrats should draw distinction be-
tween Federal leyi5..,tl ~ which is
supplemental to state legislation and
that form of Federal legislation which
would substitute a national for state
remedy. No national charter should
be granted to an insurance company,
and no Federal supervision should
interfere with the exercises of the
power now vested in the States to sn-
pervise companies doing business IL
such States.
Congress a has control over in
ter-state commerce and it is
the only body that can deal
effectively and efficiently with inter
state commerce, but to control inter
state commerce, 1t is not necessary
that it should create corporations that
can override state laws. The Demo-
cratic national platform of 1900 pro-
posed a national remedy for the trusts
entirely consistent with the preserva-
tons of state remedies. 1t suggested
a license systematic license to per-
nit corporation to do business out
side of the state of it's origin, upon
compliance with the conditions OF the
license, but the license wouldu not per-
NIT it to do business in any other
state. In other words it would be
such a license as is now granted for
the sale of liquor When a Federal
license is issued for the sale of liquor,
it does not carry with it any immuni-
ty from the laws of the state in which
the license lives.
FOUND POT OF OLD GOLD COINS.