The Birmingham age-herald., 1908-01-09
e said in part:
Bryan's Address.

"The questions which involve a dis cussion of the relative sphere of the na- ton and the state bring out the dif- ference in the point of view of the aris- tocrat and the democrat. The aristocrat wants to get the government as far away from the people as possible; the democrat desires to bring the government as near the people as possible. The aristocrat would substitute national remedies for state ones because predatory wealth can protect itself from national Legislation better than from state legislation. The democrats would add the national rem edy to the state remedy and thus give to the people the protection of both the state and federal governments.
 "The labor question is considered from both standpoints; the aristoerat thinks only of the large employers, the democrat of the army of employees, and the general public which may be inconvenienced by any disruption of friendly relations be- tween employer and employe.
 And the question of imperialism in like manner presents the difference in view point. The imperialist thinks more of the extension of commerce than of the pres ervation of the ideas of self-government, and he thinks only of the benefits that might come to the comparative few; the democrat knows that trade purchased at the cannon's mouth costs more than 1t Is worth, and that the cost falls upon all the people while the profits accrue to but few is
 And so whatever question We take up we find that everything depends on the point of view from which we examine the question, and there is no better illustra- tion of this than can be found in the financial stringency through which we are passing. The republican leaders at once thp of the hanks after those banks had brought the stringency upon the country by their methods. The banks of the rest of the country were dis crimlnated against In favor of the banks of New York city; and after the govern ment had exhausted the loanable surplus in the treasury 1t borrowed money at per cent in order that 1t might have money to loan to the banks for nothing and the high financiers count 1t patriot ism to loan out at emergency rates the treasury money furnished them without interest.
 "If the republican leaders had spent half as much time fin trying to make depositors secure, as they have spent in trying to increase the profits of the banker, we would not have had any panic at all.
 "The country is ripe for the application of democratic principles to government,
 
 cratic party to convince the people that it will be truly democratic if entrusted with power.
 "WilI the democratic party be demo- cratic? Let it convince the public that it will be and we shall have a victory which will be fruitful in blessings to every part of the country and to every element of population"
 Stevenson Speaks. Mir. Stevenson, who spoke earlier r the evening, said In part:
 My fellow-democrats. we enter upor the presidential contest of 1908 witt splendid prospects for success. The skies are bright. the omens all suspicious With the living issues-antagonism tC trusts, tariff reform, rigid reform ir public expenditures, honest methods 1T all departments of the public service, q proper recognition of the true function of the separate departments of the gov ernment, decline from hazardous ex. pertinent in administration to the saft pathway of the father-with these vel to the forefront, the hour of democratic opportunity has come.
 "To the end that it may prove like wise our democratic triumph, let tn, spirit of conciliation, of unity, of har mony, be invoked upon all our coun sels''