Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1907-11-23
From Washington .
Correspondence of the Alexandria Gazette
Washington, Nov. %.

| correspondence OF tfe AleAtIufid OdItttcs
Washington, Nov. %
William ]. Bryan said today, after 8
talk with the President, that be believed
the government would have been acting
more wisely had it "begun at the othel
ead" to restore confidence 10 the country
and bring business to its normal cOndi
tiop. He would have the government
gain the confidence of depositois immed
lately, by cOmiog forth az the gusrantol
Of the deposits of national banks. "iI
you'd be an easy matter for Congress tc
pass a law without delay putting this
plan into execution" said Mr.. Bryan,
after his talk with the President. "All
the banks that went into the plan would
be called upon to make good whenever
bank failed, and the percentage of loss
that each would be called upon to
pay would be so small that it would
be hardly worth speaking about" MIR.
Bryan talked with the President
nearly half an hour. He came to the
White House within q few minutes Of
the departure Of Representatives Payne
and Dslzell who had announced, when
they left, tina. there would be no tariff
revision during the coming session Of
Congress. When asked what he thought
Of that announcement, Bryan smiled aud
said: "They are better judges Of what
republican Congress will do than | am"
Then he added: off | were TO decide
upon the tariff matter, / would put every
thing on the free list that comes in con-
petition with trust-made articles" "B1t
Mr.. Payne says that the tariff on psper
pulp is Only 10 per cent" some one
sJggts Ell. "Thep, if it is so small, why
should there be any objection TO removing
it?' he replied. 10 discussing his bank
plan, Mr.. Bryan said that he did not
care to make any criticisms of the action
of the government relative to the pres
ent financial troubles. 81 don't know
abou! the law they acted upon to talk
with authority" he said Bryan said
he had had very pleasant talk with the
President, and that he had come upon
his own initiative. 81 always call upon
the President to pay my respects, when
ever am in town." he added.
1t is said here that the success Of the
per cent. Treasury certificates will en-
able Secretary COrteiyOu to defeat plans
for their purchase for speculative pur-
roses. The issue will not be "a popu-
lar loan" 10 the sense that WAS first con-
iemplated. Hereafter only those private
individuals who can clearly show that |
the purchase price is not to be Withdrawn |
from the banks, will be favored. BY
the adoption of this arrangement, the
Treasury Department it is said will be
enabled quickly to swell the money |
volume through increased public de-
posts and additional bank circulation.
At the time the certificate issue was de-
cided upon, it was in the minds of the
President and Secretary COrtelyou to get
into circulation the money that had been
withdrawn from the banks by timid de-
positors. This phase Of tho financial
furry is not so prominent, now, it is
claimed. Deposits Of banks have in
creased, particularly within the past
week. The administration method of
relief is reported by bankers in
some sections of the country to have
been potent in aiding in the restoration
Of confidence. 1t is held by Treasury
officials, that il this is once regained, the
will bepassed. The present
embarrassment in many localities, it is
sid, is caused by banks themselves
boarding money They want to be pre-
pared to respond to any unusual and
sudden demand. at is case of over
Preparedness, and not lack of money" is
he way Treasury official put it today.
The presence of j. Pierpout Morgan q
n Washington today is accepted by some
IS an evidence that Wall street has some
Shat recovered from its panicky coDdi-
ion. 1t is the first time he has been l
way from New York during business G
lours since conditions became threaten
ng. 1t is believed that he came to Wash q
lgiOu at the suggestion of the admin
stration to discuss the question of legis-
alton to prevent recurrence of psDics in P
he future. The President is known 8
D have the highest regard for Morgan, g
ot only as citizea, but as man of a
fsirs, whose judgment is particularly y
God in matters pertaining to finance. d
"There will be 40 tariff revision at the C
omiug session of Congress" said Re-
resenta,ive Payne, of New York, o
bairman of The ways and means COM o
Iittee, and Representative Dalzell, of e'
pennsylvania, of the committee on rules
fter a conference with the President to- g
az. They called on the President to Vi
scuss both the tariff question and the u
inject Of currency legislation. a.
Speakers of worldwide reputation sd- u
-essed the international convention of v
. M. @. A. workers of North America &c
session in the ID. A. r. hall today. a
DR.. Robert Bruce Donaldson, one of al
10 Oldest residents of Washington, died re
ct night, aged 81 years. He was a II
tive of Waterford, Loudoun county, g
irginia, and when young man at
nded school in Alexandra. ~
Oregon land fraud cases are under consid- d:
alton at the Department Of Justice today. n.
FEDERATION OF LABOR. =