The Montgomery advertiser., 1908-09-17
Charges Hard Times to
 Roosevelt.
TRIUMPHANT NEW YORK
 TOUR ENDS WITH OVATION
Democratic Candidate Again Scores
 Judge Taft.
Tells Voters of Empire state Net To Let the Republicans Threaten Them--PIeased with Party
 Harmony.

hocnester, W. f.s Sept. 16--A speech by William J. Bryan. DemocTatic can- dfdate for President, in fhIs city to- night on '.Mr. Taft and His scares." and two overflow talks. formed the cli- max of an eventful day in the present campaign.
 Arriving here shortly after o'clock and met by thousands of persons. De- mocracy's leader was accorded an oya- ton. Along with him froE. Syracuse came the new Democratic nominee for Governor of New York. Lewis s. Chan Ter. who was literally lifted out of an automobile in the street into the great throng which had assembled to caten view of Mir. Bryan.
 Among those at the station here to meet him was National Chairman Mack. William J. Corners. chairman or the Democratic State committee; Charles F. Murphy. the Tamany chief tain and Daniel F. Coholan.
 The principal speech tonight was in convention hall. where the Democratic State Convention finished its labors to- day and which was packed to the doors tonight with several thousand on the outside unable to gain admittance.
 Chief Speech in Rochester,.
 MT Bryan was accorded a great demonstration.
 -s Tsft and tIjs scares.
 RevertinE to his prepared speech
 
 Scares," Mir. Bryan said:
 MT. Taft oonfesses that his argu- rnents are not convincing when he at- tempts to introduce scares and to threaten the public with dire disaster If he Is not elected. 4 threat Is ai- ways an admission that argument and persuasion have not been eftective. Measured by his test. Afr. Taft has already abandoned hope of convincing the public of the righteousness of his position. Let us take up the subjects with which he has been dealing.
 "on the labor question he declares thai our demands for q trial by jury In cases of indirect contempt Is the most insidious attack upon the judi ciai system in the history of the coun- try. According to Mir. Taft 1t would very much impair the administrator of Justice. He seems to forget thA the very reform which we endo xsa was endorsed by the United states Senate twelve years ago, and that if was supported by such .Republicans as Senator sherman of Ohio; Senator AL lison. of Iowa: Senator Hale, of Maine: Senator Hawley. of Connecticut: sen- ator Merrill. of Vermont. and Senator Knute Nelson, of Minnesota.
 Tt Is not attacking the courts so review abuses that have grown Tn under existing methods Of procedure. II I ot indirect contempt, would elimiuata the jury entirely. The criminal judge does not feel that his dignity ls as- sxlled when the accused is given d. triai by jury; the common law judge does not feel that 1t is reflection on him for a party to a suit to in- sist upon trial by jury. Why should .t seem such an unlawful thing for a Jury trial to be granted in a case of Indirect contempt?
 In discussing the guaranty of bank deposits, he betrays the same Tendency 70 substitute gloomy forebodings for reason and argument. He says:
 IT the proposals were adopted ex- actly as the Democratic platform sux- Ing system of the country down In ruin
 Guaranty ef Deposits.
 what Is this direful thing that VIII devastate the country if his as- piraHons for the presidency are thWarted! It Is tho protection of the depositor who is invited to entrust his savings to the care of banks.
 There are fifteen million deposit- ors Tn the United States and they are calmly assured that the banking svs. tenn can only be safe when the de- posttors are insecure--that to secure the depositors would make banking s1 ans iokiC may BatlSfy the 5lg hnanciers from whim he has drawn his arguments. but ie will not SatIsfy the millions whose denoslta make banking profitable. His theory ls that a guarantee fund would invite carelessness, but he overlooks the fact tnat mutual responsibility on the part or the bank would compel a stricter supervision and a better regulation.
 Tn his anxiety to manufacture case against the guaranty system pro- posed by the Democrats MT. Taft has made ludicrous mistake. He has cited the experience of New York as an argument against the guaranty sys- tenn.
 Tn 1929 a law was passed in the State of New York which provided for the issue of bank notes by State banks and the law provided a fund for the insurance of the circulation.
 The law was loosely drawn and after about twelve years the court held that the guaranty fund covered deposits as well as circulation. A panic came on and the guaranty fund was not sufficient and that ought not to be matter of surprise. 4 guar anty fund intended to protect note circulation would hardly be sufficient tS..p tS protect g9bS deposits and yet because not intended In the beginning, Mir. Taft argues that 1t would be impos- sible to devise a successful guaranty system.
 Tn oklaho oma the plan has been put into operation and it has resulted in the best regulation of banks that any State has yet attempted. and although some seven months have passed. the guaranty fund has not been reduced a dollar, the only failure was promptlv settled without loss to depositors and without inconvenience to the commun- ity and the assets of the bank when collected were sufficient to reimburse the fund.
 "It is sometimes asserted that a new bank being able to promise absolute security would draw depositors away from the older banks hy paying a higher rate of interest This would be unfair because the new bank credit would rest upon the guaranty fund established by the older banks. and