Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1908-01-28
MR.. BRYAN HOLDS RECEPTION.

MR.. BRYAN HOLDS RECEPTION.
William J. Bryan yesterday held al
impromptu reception in the rooms Of the
House committee on ways aud means at
the Capitol.
Asked to name bis choice for q ruD-
ming mate 10 the event of his nomination
at Denver, Mr.. Bryan laugbingly re-
piled;
II shant tell. That is too bold a
question"
To the newspaper men he said:
"You may say that my coming to
Washington was not to consult any men
or set of meu IA 10 whether or lot J
ought TO be candidate for the pomi-
nation. / have not put that question
to any man, nor shall /. The people,
not individuals have the cole right to
decide that point. am not here to
solicit support for myself, as a possible
presidential candidate. | never ask
individual support, never ask any
man to vote for me. In the past when l
was before the people as 6 candidate,
nv efforts 10 obtain votes have been
con6ued to statements of my views"
Asked about the story published IN
some quarters that former United States
Senator Jones, Oliver P. Belmont and
others came to him day or so ago and
told him he WAS not the logical caDdi-
date for the democratic nomination,
uryed him not to run aud promised to
oppose him if their advice should be
disregarded, Mr.. Bryan ssid
There is not shred of truth in the
story. No one has advised me not 10
be candidate, l saw Senator Jones,
and we did talk politics, but nothing OF
the sort reported occurred"
Mr.. Bryan before leaving the Capitol
dictated, in response to a request, the
following interview setting forth his
views on the financial situation:
"Lsck of public confidence is what drives
money out Of circulation. Restore public
confidence, and money returns to its &C
customed channels. For lack Of conf
dence the best remedy is insurance OF
bank deposits and have urged upon
the various States and Congress the
passage of some measure similar TO the
law adopted by Oklahoma. This pro
vidss for the creation OF guaranty fupd
by assessments upon banks IN proper
ton 10 their deposits, and authorizes the
banking board to make such assessments
from time to time as may be necessary
TO restore the guaranty fund when it is
los cred BY the payment Of money to de-
positors 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 Oklshoms statute permits national
banks 10 take advantage of the State law
and q national law should permit State
banks to come in under the provisions Of
that law Ia States which have no guaranty
systems.
Gas to an elastic currency. / think
provision could be made for sufficient
elasticity in times Of emergency by law
providing for the issue Of United States
notes, such notes to be loaned by the
government 10 the banks upon adequate
security and at a rate Of interest which
would compel The retirement of the notes
when the emergency is over. l suppose
nearly all members Of Congress and
Senator's favor some provision for an
emergency currency. The democrats
as a rule favor system under which the
government will issue and control the
value of emergency currency, while most
republicans favor some system under
which it would be issued aud controlled
by the banks. This presents the point
in dispute between the two parties. The
high 6nanciers have been largely respon-
sible for the present panic by reason OF
their reckless methods; and l am Satisfied
that large msjority of the people would
prefer to risk the government rather than
risk these men, Somebody must decide
upon the needs of the people, and so far
:. = sm concerned l prefer that the con-
cessiops be n t'h the public officers re-
sponsible tn the public, L. "'i t'Sp 70
private individuals who would be guI.-
by their own interests instead of By the |
interests Of the public"
DeWitt's Little Early Rsers are the best |