Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1908-03-12

Of our great financial Programmes are
brought out just after the election, when
the people cannot sit in judgment upon
the subject?
These greenbacks which have been de-
scribed In uncomplimentary language
were not issued by me or by my party.
But it seems to me that ii is straAn2 a
point to denounce the governments Is
suing 3i6. 00O,O 900 promises % pay, bearing
no interest when he--exSecretary Gage
does not denounce the issue of 001
banks promises to pay that bear no In Ter
est. If a banks promise to pay, bearing
no interest, is fit to serve as money why
should not a governments promise to pay.
bearing no interest, be fit to serve as
| money?
1t is not my business to explain this
panic Politically my connection with 1t
has been anything but embarrassing, for
| 1t has at least robbed the country of the
| argument that my party was the only
| party under whose administration panic
could come.
| Some Of the little colloquies which
| enlivened the address were interesting,
| though not reported in the press. For
example, Mr.. Bryan said:
Our financiers will tell you that the
| banks that have failed failed in almost
every instance because the officers of the
! bank have violated their trust and used
the money of other people to advance
their own private interests. Isn't that
true, Mr.. Gage?
Mr.. Gagc-Ios. sir.
| Mr.. Bryan-Isnt that true. Mr.. Baker?
| CIr. Baker is president of the First Ma
tional bank of New York;
| MI. Baker-Ycs sir.
Mr.. Bryan-Why hasn't 1t been reme-
| died? Because the managers of the bad
| banks don't want to be restrained; be-
| = Ia, lie nat yi,,t,, IN
i have the other ones restrained so that the
| good bank can point to the recklessness
OF the others and thereby draw away
! deposits
We will have to meet this issue some
| time, and we may as we'll do so frankly
| and boldly now If you tell me that you
| need an elastic currency, l will take your
word for it, but If you tell me that you
object to 1t unless you hold both ends of
| the elastic | will tell you that you do not
need it as much as you thought you did.
| Trust the government. the representatives
/ elected by the people. If you want
| this elastic currency, let the government
issue it and control it. and you will have
no difficulty about the security. Then
| lay upon the banks the responsibility for
making the banks safe. If the banks
say that they do not want to be held re-
| sponsible for other banks my answer is
that If your bankers wtl not trust each
to trust them with their money.
This is the most respectable crowd that
! I have ever talked to in my lfe-that IS,
| measured by New York standards 1t is
no more respectable, however than the
| people among whom I live. The man who
| tolls by the day, who goes out in the
morning and works all day, who com
mcnccs in the spring and works all sum-
; mer. though his hands be hard from work
and his clothing not of the latest cut. he
| is n respectable man, and | have been adj
| dressing such respectable audiences all
over the country, but this Is the most high
| ly financial audience that | have yet ad-
dressed. And If l have exceeded my time
limit and spoken with an earnestness for
which | should apologize, just remember
how long l have waited for this oppor-
tunity and remember also that / may
never have 1t again.
The stenographic report of the meet
ing now in my possession indicates that
| Mr.. Bryan's speech was punctuated and
| followed with long and continued APP
| plause.
The Republican National Convention.
From the headquarters Of Chairman
New and Secretary Dover of the Re
publican national committee here the
Chicago convention expect that 1t will
last at least five days and apprehend
! that it may extend to eight. AT any
rate, the stri..g of tickets which will
be given to each person entitled to adj
mission is going to have coupons for
the sessions of the eight days. Should
it last that long it will be the longest
n tnY
the famous convention Of 1880. when
the indomtable phalanx of BOG stood
desperately back of General Grants
candidacy, did not extend to such a
period. The significance of the prepa-
rations being made by the national
committee for long convention is ap-
parent. 1t indicates that the practical
politicians-and the Republican ma
tional committee is eminently practical
are quite convinced that the admin
1stration plan of nominating Taft on
the first ballot is not going to prove eff
fective and, further, that they are dis
inclined to believe that after a brief
deadlock on the Taft proposition the
convention can be stampeded for the
hoOSCNCIl lcIlu. IL
Indicates that the policy Of the anti
administration forces of forcing con-
tests In the southern states, policy al
ready put into practice in Florida, is
going to be Systematically pushed and
that there will be enough contesting
| delegations to occupy two or three days
time before the permanent roll Of the
convention is made up
1t is by no means certain either that
contests are going to he confined to the
southern states. A Wisconsin Repub-
lican, one of the followers of Senator
/ La Toilette, tells me that there is much
irritation among Republicans Of that
state because of the effort of the adj
ministration through its officeholders
to secure Taft delegation there. He
points out that as soon az Governor
Hughes declared his willingness to be
candidate the Administered ton forces
and Secretary Taft himself announced
with JUNCTION that they would make no
contest In state which desired to
present q favorite son Of its own. The
state of Wisconsin wants to present
Senator La Toilette. yet the off1cehold-