Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1908-02-20

formed here in New Jersey 80 60 out and
prey on the rest Of the country and world.
lyon allowed these trusts TO be formed
Mr.. Bryan continued, and float their
stocks with no real value, not even good
will, just water, and now when the water
is squeezed out you are going to- be dam
aged by the flood, and you deserve it. /
hold no brief for the President, and am
| under no obligation to defend him, but be
is not to blame for pointing out the crime
of oyercapitalization and those who suffer
should place the blame where it belongs
on those who permitted the crime to be
committed"
RECENT PANIC EXPLAINED.
aMoney was loaned on this stock for
gambling purposes and when the squeeze
came and the water oozed, these loans were
called, with the result that panic follow
ed.- New York banks sent out word TO-
banks throughout the country to suspend
currency payments and the call was obeyed
Money disappeared and the governments
issued bonds at three per cent. to raise
money TO loan these banks TO loan you in
turn on mortgage at six per cent. and even
more.
The panic of 1898 was caused by de-
probation of values and the panic of 1907
by an imitation of values and overcapitai-
cation of criminal character. Trace il
all back and you will find the crime of 1907
due to the greed and saturnalia of this Re-
publican party when it sought to make
good for the millions furnished it to buy
and retain power from 1896 TO now
Quoting from the Presidents recent mes
sage in reference to trusts and railroads
Mr.. Bryan continued sWe knew all
about that eleven years ago, and | could
haYe told him at any time had he asked.
In 1896 we asked for more power to Tegu-
late railroads, while the Republican plat
form was silent on the issue then, and then
came in 1900 and 1904. and now the Pres
dent has to rely on Democratic support to
carry out his ideas"
In the course of his Paterson speech Mr.
Bryan said
THE present day sources of news are
corrupted. He declared that if the people
only knew to what an extent this corrup
tion exists there would be such an over
turning of party organizations as the coun
try has meyer known. Predatory wealth,
with an object in deceiVing the public,
secured the support of papers that abused
honest men and fattered scoundTels and
betrayers Of the people.
s'Mr. Bryan sold Of the recent purchase
in New York of two newspapers by one
gigantic monopoly and dwelt at some
length on the circumstance Of Chicago
paper being conducted for long term Of
years at great loss.
Predatory wealth, Mr.. Bryan said. could
afford to hire brilliant editors to 'chloro-
form the people, while the owners picked
their pockets Mr.. Bryan also told of the
corruption in the press of New York and
said he realized what it means to fight
sassassns who stab you in the back and
shoot at you from ambush
''Mr. Bryan said there were brains enough
In this country. Conscience was wanted,
for brains could be- bought in the market
III man wanted to commit crime he could
hire the best brains aud escape pnnishment,
aud il he wanted to steal vast sums of
brains beforehand
Mr.. Bryan closed by making an appeal
for support for the Democratic party
In his concluding remarks at jersey G ~
Mr. Bryan said that Secretary Taft wanted
to amend the present law against conspiracy
in restraint Of trade by inserting the word
u reaS0ndDla, ana asked WY nos make
the same amendments TO the law against
burglary or murder, so that the burglar
should be required to take only half, or the
murderer to STAY politely.
The attitude of the Democratic par ty. the
speaker declared, had been yindicated by
the countrys experience with the railroads
my work to the end of my life, he ad
ded, shall be devoted to the returning Of
this governments to the people from whom
it has been despoiled. y
At the conclusion of his speech he was es-
corted to the Woman's Club rooms at Has
brouck Hall, where he made brief address.