Waterbury evening Democrat., 1907-11-29
BRYAN 0N THE COURTS
Would Limit Jurisdiction Federal
 Ones Now Exercise.
FAvoRs A NATIONAL LAW.
Urges Cure For Financial Ills lnvolv-
 ing a Plan by Which the Govern
 ment Would Guarantee Bank De-
 posits-New York Bankers Criticised.

ing a Plan by Which the Govern ment Would Guarantee Bank De-
 posits-New York Bankers Criticised. New York, Nov. 29.--William J. Bry' an, who returned from Worcester, Mass, has a new remedy for the con, | ditions which have arisen as result of the conflict between state authori' | ties and federal courts in some south ern states most recently in Alabama. MT. Bryan said when asked for his | views on the action of Justice Thomas l G. Jones of the United States court in | Alabama in issuing blanket injunc- | tion against the enforcement of some new laws affecting railroad rates and | the regulation of traffic which were l passed by the last session of the Ala bama legislatures:
 | 'I believe we should have a national | law withdrawing from the lower fed eral courts the jurisdiction they now exercise in restraining the enforcement be left to seek redress in the courts of the state from which they have re- ceived their franchises, with right to appeal to the United States supreme court in cases where they believe their constitutional rights to have been in- fringed."
 Uphold State Rights. 1 Mir. Bryan said that in his opinion this would be prone to restore the "state rights" so dear to the south, which supplies Democratic majorities these days. MT. Bryan seemed to have the question of state rights very much at heart himself
 . In discussing the financial situation MT. Bryan said:
 q hope the end of the panic is in sight, but I think the remedies pro- posed by the New York financers be- gin at the wrong end. They propose two remedies-namely, that the gov ernment shall give them money for nothing that they may lend it out at high interest and that their present control of the money situation be made more secure by an asset currency.
 Criticises New York Bankers.
 "Instead of trying to put business on an honest basis they are merely ask ing that the government may be made a business asset and that they be per mitted to realize large dividends there on regardless of how that may affect the welfare of the nation at large. They have not proposed anything, though, to stop the footing of banks by directors. which recently has re- suited in suicides. These tragedies do not seem to touch their hearts at all."
 Mir. Bryan was asked what remedy he would propose and replied that broadly he thought there should be some system by which the government should secure depositors. That. Mr Bryan believes, would restore conf dence and put an end to the hoarding of money.
 Postal Savings Bank.
 "A postal savings bank system may be necessary ultimately" Mr. Bryan said. but believe it would be better for the government to guarantee de pOsits in such national banks as were willing to join in an agreement to in demnify the government against losses 1t might incur in paying deposltors of banks that have failed. really be- lieve that if this plan was inaugural ed all national banks would be con- pelled to join in the agreement in the end, and the various states might in augurate a similar plan in regard to state banks and trust companies
 In regard to the currency situation Mir. Bryan said that if we were to have a more elastic currency the emer- gency currency should be issued by the government, where it would he un- der proper control and supervision, rather than by banks, which would sell currency at premium and refuse to honor the checks of depositors.
 Mir. Bryan reached town early and went to the Hoffman House. He took Thanksgiving dinner at the home of a friend at Dobbs Ferry. Today he went to New Haven to attend the unveiling of the Bennett monument, returning to this city tomorrow.