The Washington times., 1908-10-18
Postmaster General Explains
Workings of Plan of De-
posits Guaranty.
REPUBLICANS HOLD
BIG MASS MEETING
Simon Wolf Declares He Is Good
Prophet, and That Taft Surely
Will Be Elected.

"No sane man would select William
Jennings Bryan as an executive, and
no sane man should vote for him
as President of the United States"
said Postmaster General George Won
i. Meyer last night at the Republican
mass meeting at the old Masonic
Temple.
Mr.. Meyer declared that the sober
judgment Of the people could be de-
pended upon to elect Taft, and that
there need be no fear for the result.
The mass meeting, which was under
the auspices Of the League of Re
publican State Clubs, was attended by
an audience that filed every available
point in the large auditorium.
Henry NJ Camp, president of the
league. introduced Commissioner OF
Internal Revenue John G. Capers, who
presided.
Mr.. Meyer commenced his address by
pointing to the failure Of the prophecies
OF Mr.. Bryan, and warned the people
that IL they waited until any of his
hobbies were wrought into law, they
would be worn thin and fragile by the
delay.
Explains Guaranty Plan.
-Ae III AAunNAeLNAAlB AA4t DuAAAG4A ullNtI WHICH
the legitimate banker would labor with
out a corresponding benefit by the
operation by the proposed law, the
Postmaster General said that there had
been no failure of a national bank in
the District of Columbia since 1878, but
that the banks of this city, under the
operation Of the guarantee plan, would
have been compelled TO have paid the
sum OF S2O1, 100 at the time Of the bank
Ing trouble in New York city a few
months since in order that the deposi-
tors there should receive their money.
Mr.. Meyer said that the country did
lot so much need the guarantee of
bank deposits as it did postai savings
banks. which would afford all the Sc
Curtty necessary, and at the same time
present an attractive means for encour-
aging the habit OF saving among all the
people. Continuing. he said, in part:
Mr. Bryan has suggested as a pre-
ventive for future financial panics in
this country a compulsory guarantee.
But he does not take the trouble to con-
slider what the percentage would be un-
der new COnditions-Conditious which
would permit men who have made fall
ures in other undertakings TO take up
AelAtfAAllS-4Ul lLtIG WOULD De eLeTV In
centive for such men TO take great risks
as they would have everything to gain
and little to lose, their deposits being
guaranteed by the other banks. Induce
ments could be offered to attract deposi-
tors and then reckless investments ne
gotiated in order to pay these deposi-
tors and make money rapidly, thus en-
cOurasing rash speculation"
It's Taft, Says Wolf.
Simon Wolf. who said that he had
gotten out of a sick bed to fill his en-
gagement at the meeting, said that he
had been an unfailing prophet in polit-
ical matters. having forecast the
election OF Grover Cleveland as govern.
or Of New York when all others ridi-
culed his prediction, and that he now
prophesied the election of Taft and
Sherman by a majority equally as large
as that received by Teddy Roosevelt" :"
Judge Henry NJ. Foote. Of Pennsylva-
MIA, spoke Of the industrial progress of
the country under Republican rule, and
characterized Bryan as a leader of
exploded and abandoned theories"
THE Democrats" said Judge Foote.
"shan not pull down the pillars upon
which the prosperity of the country de-
pends."
Former Solicitor Of Internal Revenue
Hayes. the last speaker of the evening".
won applause by declaring that present
day politics had come to be largely a
matter of business, and that the people
OF the country were at present weighing
the qualifications OF the various candi-
dates for the Presidency, and asking
themselves the question which would
best serve their individual interests
from business standpoint.
Old Ideals Gone.
The old ideals that actuated our
fOrefathers,' said Mr.. Hayes. mo
longer obtain in matters political. new
issues and new problems having pressed
10 the front for debate and solution"
The following business men of Wash
ingtOn had seats on the platform in .he
capacity Of vice presidents Of the meet
ing: CunO H. Rudolph, John Joy Edison.
Simon Wolf. James F. Oyster, F. D.
McKenney, p V. De Graw. Ralph W.
Lee, 3. II. Warner, T. S. Hight, c. F.
Hodges, Truman II. Newberry, Samuel
Ross, H X. Daugherty, w. L. Robbins
+. g Graham. H. J. Pack. W. w. Par
ker. J. Nolan, A L. Lawshe, Thomas
{. NOyes. T. V. Vernon. Z. s. Parker,
Robert Bacon, 3. T. Smith, George K.
Leet' Leo Simmons, Arthur Stabler
Robert Reyburn. 4. S. Burt, c. V.
Gates, c A. COnrard, L. \. Coolidge,
John NJ. Wilson. a. c. Moses. Joseph
Stewart, Edgar Snyder. Sidney Bieber,
r.. F. Smith. w S Odell. Gus A.
Schuldt Judge Jesse NJ. Hiatt. and DIT.