The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1908-01-29
BRrlH CURRENCY VIEWS.
OUTLINES THEM AFTER A PIE.
CEP1ION AT NATIONAL. CAP
TTOL.
Favors the Oklahoma Plnn-Dccliues
to Name Preference for RunnIns
Mate-Denics q Few Stories.

Washington, Jan. 27.-Wm. ]. Bry-
an today held an impromptu reception
In the rooms of the house committee
on ways and means.
Asked to name his choice for a
running mate IN the event of his nom
ination Mt Denver, Mr.. Bryan laugh
ingiy replied: II shan't tell. That is
too bold question:"
To the newspaper men he saii:
N"Yon many sly that my coming to
Washington was not to consult any
men OF set Of men as to whether or
not ought to be candidate for the
nomination. ! have not put that
Question to any man. nor shall !. The
people. not individuals. have the sole
ri~ht tn decide that point. I am not
here to solicit support for myself es a
possible presidential candidate. 1 new
er solicit individual support. I never
ask any mon to vote for me. In the
past when was before the people as
q candidate. my efforts TO obtain votes
have becn confined to statements of
my views"
Aaked about the story published In
come quarters that former United
States Senator Jones. Oliver H. p,
Belmont and others came to him
day or 20 ago and told him that ne
was not the Logical, candidate for the.
Democratic nomination. urged him
not to run and promised to oppose
him II their advice should not he re-
gardcd. Mr.. Bryan said:
There 10 not Q shred Of truth In
that story. No one has Sovissd ms
not 70 be candidate. Tsaw Senator
Jones and we did talk politics. but
nothing a. such reports occurred"
Mr.. Bryan before leaving the capt-
tol dictated In responss to . request
the following interview. settling forth
his Views on tho financial situation:
Tack Of public confidence IL what
drives money out of circulation. Re-
store public confidence. and money
returns to It's accustomed channels.
For lack Of coandsnee the hssk rape
edy 10 Insurance Of bank deposits. and
l have urged upon the various states
and congress the passage OF some
measure similar 10 the law adopted
ny Oklahoma. This provide. for tho
creation OF guaranty fund bv assc ,e-
ments upon banks in proportion {,
their deposits. and authorizes the
banking board to make such assess.
ments from time to time as may b~
necessary to restore the guaranty
fund when 1t Is lower. 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 10 take advan-
tage Of the state law md a national
law should permit State banks tn
come In under this law.
"As TO the elastic currency. think
provision could be made for SUFFICIENT
elasticity In times OF emergency by a
law providing for the issue Of United
states notes. such notes to he loaned
BY the government to the banks upon
Hadeqaate security and ut rate O.
interest which would compel the re-
tiremcnt OF the notes when the en-
ersency Is over. suppose nearly all
members OF congress and senator's
favor some provision for an rmergen-
cy currency. The Democrats. as
rule, favor . system under which the
government will issue and control the
volume of emergency currency, while
mcst Republicans favor some systcm
under which II would be issued and
controlled By tho banks. This pre-
sents the point OF dispute between the
two parties. The high fnanciers have
been largely responsible for tho pres
ent panic by reason Of their reckless
metho ds: and I am satisfied that a
large maj,rity Of the people would
prefer To risk the government rathe.
ihan risk these men. Somebody must
'cided upon the needs OF the people.
and so far as I am concerned prefer
that the concessions te with the pub
VIC officers responsible to tn. people.
rather than with private Individuals
who would &c guided ny their own in
terests instead Of by the interests OF
the public
Rock Hill VIII Play ball.
Rock Hill. Jan. 25.-Rcck Hill de-
cided some time ago to be In the State