Waterbury evening Democrat., 1908-02-06
MONEY PLAN
Asserts There's No Need to Ex-
 tend Note Issue of Banks.
SAYS DEMOCRATS ARE UNITED
Declares While Republican Party ls Trying to Settle Differences Demo- crats Stand Ready to Take Over Ad- minstration of the Government.

New York, Feb. 6.--Declaring that for the first time in many years the Democratic party was united and ready to present solid front to the common enemy, William J. Bryan in an address to a gathering of Demo crats in Borough hall, Brooklyn, as serted that the Republican party was badly split and that while it was at tempting to settle it's differences the Democratic party stood ready to take over the administration of the govern ment
 q am glad that at last the sweep of public opinion has brought the Demo cratic party together" said MT. Bryan, "so that the Democracy for the first time in many years means the same thing all over the country.
 Republican Party Divided.
 ''The Republican party is divided, and its differences cannot be quickly healed.
 "Our division over the money ques- tion has been settled, and money as an issue has been eliminated. Today the Democrats stand ready to fight shoul- der to shoulder for those principles in the interest of the common people which the party has so long advo- cated."
 Mir. Bryan spoke on currency needs at the dinner of the Economic club, which was attended by over TOO din- CTS, including many New York bank CTS, who listened to the speaker with careful attention. MT. Bryan declared that there was no need to extend the note issue of the banks as an emer- gency currency. Mir. Bryan said:
 Don't Need Note Issue Extension.
 ''If 1 were discussing the Aldrich bill, I would criticise a number of it's provisions, and if I were discussing the Fowler bill I would dissent with its provisions, but the point desire to make is this, that we do not need to extend the note issue of the banks.
 
 simply and quickly, and believe pro vision should be made for the issue by the government of United States notes like our greenbacks in form and re- demption and that these United States notes should be loaned by the govern ment upon sufficient securities and at a rate of interest which will compel the retirement of the notes when the emergency is over.
 q am opposed to any increase in the banks control over the currency of the nation. If those who desire an elastic currency are willing to have the elas- ticity controlled by the government and the notes issued by the govern ment there will be no difficulty in agreeing about security. Let the right of government issue be granted, and then we can easily agree upon secur- ity, and 1t might be we'll to combine several of the suggestions that have been made"
 Carnegie Raps Banking System.
 Andrew carnegie Sald that It was the civil war which had drawn us into our present unsatisfactory banking sys- tenn. Imagine a nation," he said, that gives for security on its circula- ton its own debt We have the worst banking system the world ever saw. It is one of the things in which we are disgracefully behind other na- tions. We shall never have satis- factory system until we follow the ex- ample of other nations and found our currency on trade bills, which act au- tomatically. Legislation to remedy our evils should not be made party mat ter. I hope that no party lines will be drawn in it. New York can never be a financial center until we have different standards in our currency methods"