The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-11-03
SOME POLITICAL VEWS-READ AND THEN VOTE

congress this sole public employment
of consequence Mr.. Bryan antag-
onized the system which has been the
controlling policy of the government
from almost the beginning of discrim-
mating duties in favor of American
production. During his congressional
career he also opposed the repeal of
the purchasing clause of the Sher-
man act of 1890, to which repeal his
party was committed; while he also
at all times advocated the free coin
age of silver
After discussing Mr.. Bryan's views
on currency at some length, he said:
Would the public credit be reso-
lutely maintained If Mr.. Bryan were
president, and a crisis should arise?
That would depend upon two
things: The disposition to carry out
the law. and public confidence in
those charged with carrying 1t out.
The laws are perfectly clear and
sound, but they are discretionary
laws The gold standard law, for
instance. directs the secretary of the
treasury TO purchase gold with law
full money and 10 issue bonds, but
necessarily that Official Is the Judge
of the time and method when the oc-
casion arises for using these powers.
Ii is doubtful whether he could be
impelled TO use them against his will
even by mandamus from a court,
and of course. compulsion OF that
kind would not inspire any confidence
In his sincerity or zeal In carrying
them out.
The gold standard law of 800 pro-
vides specifically for issuing bonds.
If necessary. To maintain the gold re-
serve. but the Bryan platform of
1900 adopted after the passage of
that law. reafiirmed tho demand for
the free and unlimited coinage OF sill
yer at "16 to l" without waiting for
aid or consent of another nation, and
denounced the new law.
Has Mr.. Bryan altered his views
since that time?
should be very glad TO hear that
he had done SO and was ready to en-
force fully the gold standard law, but
have not yet heard OF any such dec
laration on his part.
And in an interview in London as
late as July =. 1906, but two years
ago. he said: 4 notice that | am
now described by some as a conser-
yatiye .. am more radical
than | was In 1896 and have nothing
TO withdraw on economic questions
which have been under discussion.
The only question We discussed In
1906 upon which there has been any
apparent chance is the silver cues
ton and there has not been a change
In the advocates of bimetalism, but
In conditions . | believe in
bimetalism and believe that the
restoration of silver would bring still
further prosperity. but | recognize as
do all other bimetallsts whom | have
met abroad that the unexpected and
unprecedented increase In gold pro
duetion has for the present removed
the silver question as an issue"
Mr.. Cortelyou went into the sub
ject of guaranty OF bank deposits.
saying OF what value would Mr..
Bryan's deposit guaranty plan have
been last fall when nearly every bank
in the country suspended cash pay
ments in part at least. guaranty
fund for all the national banks in
the United States computed on the
Oklahoma basis of per cent OF de
I'aAAa a3A4d aAtf1hHA ~ q lAllt ONti
So 900, 900. There are several
banks here in the city of New York
which carry deposits of over -$1OO,-
900 900 each, while banks having
upward of fifty millions of deposits
number more than a dozen. Thus a
single large failure might wipe out
the entire guaranty funds. This
guaranty scheme of Mr.. Bryan's, like
many Others of his schemes. does
not guarantee. On the contrary. IL
weakens. ii il does not destroy the
only real guarantee the depcsitors
have or in the nature of things, can
haye-that Is the honest integrity
and ability of the banking commun-
ity.
Wouldn't YOU rather move for
ward in this struggle FOR good gov
eminent under the banners OF ex-
perience. of capacity. of achievement.
than under the banners which. II true
10 the record. should bear the le-
gends 'i6 TO boston in 1896:
Imperialism - Boston in 1900:
Political odds and ends Boston I'm
1901