Waterbury evening Democrat., 1908-01-28
BRYAN IN THE RACE.
Asserts He Will Accept Nomina-
tion For Presidency.
HE FEELS SURE Of ELECTION
lntimates That the Democratic Party
Would Be Stronger If All the Wall
Street Democrats Were Driven Into
the Opposition Ranks.

Would Be Stronger If All the Wall
Street Democrats Were Driven Into
the Opposition Ranks.
Washington, Jan. 28.-At the end of
busy day here William J. Bryan au-
thorized the statement that he would
have no dealings with any committee
of so called Democrats-self appointed
or otherwise-unless the men repre-
sented a considerable body of persons
who supported the Democratic plat
form in 1895 and 1900. Bryan also
announced through his political secre-
tary, Willis J. Abbott, that he would
be glad to accept the Democratic nom
ination from the national convention
and that he believed he would be elect
ed. He intimated through Abbott that
the party would be much stronger if
all the Wall street Democrats, such as
Belmont, Sheehan and O'Brlen, could
be driven into the opposition ranks.
There was a continuous reception
ways and means. Many senators came
over to shake hands with him, and not
fewer than a hundred Democratic rep
resentatives congratulated him on the
surety of his nomination. Asked by
the newspaper men to make general
statement, Bryan said:
you may say that my mission to
Washington was not to consult any
men or set of men as to whether |
ought to be candidate for the nomi-
nation. have not put that question
to any man, nor shall l. The people,
not individuals, have the sole right to
decide that point l am not here to
solicit for myself as a possible presi-
dental candidate. l never solicit in
dividual support. / never ask any
man to vote for me. In the past when
l was before the people as candi-
date my efforts to obtain votes have
been confined to statements Of my
views"
On the money question he said:
LACK of public confidence is what
drives money out of circulation. Re-
store public confidence and money re
turns to its accustomed channels. For
lack of confidence the best remedy Is
Insurance of bank deposits, and have
urged upon the various states and con-
gress the passage Of some measure
similar to the law adopted by Okla
homa. This provides for the creation
of a guaranty fund by assessments
upon banks in proportion to their de-
posits and authorizes the banking
board to make such assessments from
time to time as may be necessary to
restore the guaranty fund when II is
lowered by the payment of money to
depositOrs of failed banks.
This permits the resources Of all the
banks to be the resources OF each bank
and insures each depositor against loss.
The Oklahoma statute permits national
banks to take advantage of the state
law. and n national law should permit
state banks TO come in under the pro-
visions of that law in states which
have no guaranty system. As TO an
elastic currency, / think provision
should be made for sufficient elasticity
I'm times of emergency by law prOvid-
ing for the issue OF United States notes,
such notes to be loaned by the govern
ment TO the banks upon adequate Sc
curity and at a rate Of interest which
would compel the retirement OF the
notes when the emergency is over. |
suppose nearly all members Of congress
and senator's favor some provision for
an emergency currency.
THE Democrats. as a rule, favor a
system under which the government
will issue and control the value OF
emergency currency. while most Re
publicans favor some system under
which il would be issued and con-
trolled by the banks. This presents
the point in dispute between the two
parties. The high financiers have been
largely responsible for the present pan
ic by reason Of their reckless methods,
and am satisfied that a large majori-
ty Of the people would prefer TO risk
the government rather than risk these
men. SOpebOdy must decide upon the
needs Of Ghe people. and. so far as am
concerned. I prefer that the concessions
he with the public officers responsible
10 the people rather than with private
individuals. who would he guided by
their own interests instead Of by tps
interests Of the public"