Los Angeles herald., 1908-09-30
PEOPLES RULE
TRUE ISSUE OF
THIS CAMP AIGN
WILLIAMS ADDRESSES HUGE,
SYMPATHETIC CROWD
WARNS HEARERS THAT LIBERTY
is IN DANGER
Rich MaIefactors and Selfish Bankers
Factors That Make Democratic
Government the Nations
Sole Hope
Continued rom rage ono;

(Continued from rage onss
the funds they raised were largely to
prevent such a calamity.
when you put Mr.. Bryan at the
head of your ticket you put the greatest
enemy of graft in the world there,
said he, amid thunderous appaluse.
He spoke of Elihu Root as the chief
adviser of corporations .en how not to
do the thing the public needed and
man who proved useful to the Repub-
leans
Mr. Williams then went into the
question of the recent panic, which, he
said, was due to the bad banking sys-
tenn here. AS a remedy he suggested
the guaranty plank in the Democratic
platform, now being successfully tried
in Oklahoma.
"Other peoples money is formerly
the basis of the bankers wealth" he
said. "They are using their money,
small part of 1t, but most of 1t Is the
deposits of 100000 United States citi-
zens.
Forced to Deposit
"They are not voluntary depositors.
They put their money there because
they have to. The nation has created
a system for 1t.
I'VE can't carry the money around.
Business has to be done by the issu-
ancse of checks.
"The money that the banks use is the
whole capital of the country. 1t be-
longs to you, to me and to other c1ti-
zens.
What protection have the banks
provided since they are using and spec
ulating with this money? The govern
ment sends an inspector around oc-
casionally who looks into their AFFAIRS,
but not critically.
I,a 1,,ri n
have our money, but they may tell us
they won't give it to us. That is some
thing new. We had supposed bankers
were trustees. But 1T appears we are
merely loaning money to them for their
own profit.
IT don't wonder that bankers like the
banking system. 1t is profitable.
"They make money out of imaginary
money. We want the United States to
make guaranty that when we come
to get our money we get it. We want
the good banks to protect the depos-
itors against the bad.
The Poor Deposition
"The depositor can't get his nose be-
hind the bank rail. He shoves his
money through the window. He can't
size up the directors.
"But the bankers, they know each
other They know when speculation Is
going on. They can tell the authori-
ties.
I'm a bank stockholder--so small /
hate to tell you how much l own-but
all do is to collect my dividend. The
same old crowd runs the bank. AS
holder, however. favor the issuance
of a guaranty system
"Oh, Mr.. Taft, have you ever had
dream about the 100000 depositors
who need little protection from the
United States government"
Finally Mr.. Williams pointed out the
danger of injunctions.
"As a lawyer" he said, 81 state to-
night a system has grown up In this
country that menaces all our people.
There is a certain class of offenders
who can be sent with court of equity
and dealt with without trial by jury.
"The Judge can take UP his pen and
say that men shall or shall not do this
or that. 1t will result in the destruc-
ton of liberty"
Mr.. Williams painted a graphic word
picture of the Magma Charta, an event
which In 1916 will have it's Tooth an
niversary, and closed with eulogy of
Mr.. Bryan.