Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-09-10
TAKES 4 RAP AT Mr.. BRYAN
AUDITOR ANDREWS OF THE
TREASURY ON THE RoSTRUM.
Star Speaker at Taft and Sherman
Club Meeting-Attacks Some
Pleas of Democratic Leader.

William E. Andrews, auditor Of the
Treasury, sailed into William Jennings
Bryan at q meeting Of the Taft and Sher-
man Republican Club held in Metzerotts
Hall last night. and attacked the plea OF
the NebraskA leader for governmental
guarantee Of bank deposits.
In speaking of the guarantee OF bank
deposits the speaker declared: Mr.. Bryan
pledges legislation under which national
banks shall be required to establish q
guarantee fund for the proper payment
of the deposits Of any solvent national
bank under an equitable. system which
shall be available to all state banking In
situations wishing to use it,
But Mr.. Bryan, I presume. knows"
continued the speaker. that the national
banks carry but one-third Of tho deposits
of the country. and that national bank
law Is illegal and conflicting In states with
banking laws.
The national banks carry 81, 300. 000, 600
deposits to be taxed TO raise the fund.
and national banks are to be responsible
for losses occurring and over which the
government has no legal control, accord
ing to Bryan.
Bryan's Proposition.
THE financial institutions organized I'M
der state laws carry s., FOG, Oo0O 900 deposits.
Bryan's proposition to guarantee deposits
of national banks wages open warfare on
the deposits and stocks of state banks.
His proposition Is inequitable. because 1t
requires less than one-third of the total
bank deposits of the country to stand re-
sponsible for two-thirds Of the deposits
of the country held in institutions with
which they have no legal connection.
Less than one-third. according to
Bryan's scheme. must stand responsible
foi all the losses resulting from the other
two-thirds. Wherein, then. does he find
equity? His scheme is both illegal and
inequitable.''
I'm 1885," continued Mr.. Andrews, 1.-THE
farmers Of Nebraska were suffering from
the hardships OF the financial panic
was advocated by Bryan in 1892. Their
farms were mortgaged, and they were
paying from to 10 per cent interest on
their loans, and they did not know what
to do. Bryan came along as the knight
errant and told them. they would receive
two silver dollars for one gold dollars
worth of wheat and corn. They said.
Well, 1t cannot be much worse. and We
may as well take a chance so they voted
for Bryan and gave him the magnificent
plurality Of 1900.
Farmers Repudiated Him.
-Four years later, in 1890, when Nc
Kinley was again the nominee, he won
handily. The Nebraskans did even better
by the republicans in 1904. when Mr..
Roosevelt was the republican party's
standard bearer. This year. with William
H. Taft at the helm, while we do not ex-
pect to get a Roosevelt vote. we will get
Mckinley vote
Dr. Robert Reyburn made short ad-
dess after Mr.. Andrews closed. He de-
clared that the recent national convention
which nominated Judge Taft was one OF
the greatest the republican party ever
held.
Work to Get Out the Votes.
Henry NJ. Camp told Of the headquarters
he has established in the old Citizens Ma
tional Bank building on 18th street, oppo-
site the Treasury Department, In an effort
to get out the full vote In the government
departments. He said those republicans
show their gratitude to the party which
has placed them In their positions and
make arrangements to 60 to their homes
and vote.
H. P. Holden and Henry C. Cooper OF
Mount Rainier. Md. also made short ad-
dresses.
Col. william s. odell, president of the
club. presided over the meeting which
was attended by about $50. Arrange
ments have been completed for members
OF the organization to form marching
club. John ]. Strain will be captain and
will be assisted by william A. Hickey.
Street parades will be given and the
members of the club will wear red, white
and blue capes and caps. A Taft and
Sherman banner will be raised over the