Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1908-01-29

Monday evening at "Woodley." his
country residence. near Washington
in honor OF William Jennings Bryan
to which one-half OF the Democratic
senator's in alphabetical order were
Invited. A similar dinner was given
last night to which the others were
invited.
Senator Newlands said that no po-
litical significance attaches to the
dinner. He added. however. that
Democratic policies in matters OF
legislation might be discussed.
MPRoMPTU RECEPTION.
Mr.. Bryan held an impromptu re-
ception in the rooms of the house
committee on ways and means.
where number OF Democratic rep
resentatives and many outsiders
shook him by the hand and chatted
with him.
Asked by someone to name his
choice for a running mate in the
event Of his nomination at Denver.
Mr.. Bryan laughingly replied: u
shant tell. That is too bold ques-
ton"
To the newspapeC men he said:
You may say, that my coming to
Washington was not to consult any
men or set of men as TO whether or
not ought to be a candidate for the
nomination. l have not put that
question, to any man, nor shall l..
The people, not individuals. have the
sole right to decide that point
II am not here to solicit support
Tor myself as a possible presidential
candidate. l never solicit individual
support. never ask any man to
vote for me. In the past, when
was before the people as a candi-
date, my efforts TO obtain votes then
have been confined TO statements of
my views"
Asked about the story published
In some quarters that former United
States Senator Jones. Oliver II. p.
Belmont and others came to him a
day or 80 ago and told him he was
not the logical candidate for the
Democratic nomination, urged him
not to run, and promised to oppose
him if their advice should be disre-
garded, Mr.. Bryan said:
There Is not shred of truth in
that story. No one has advised me
not to be a candidate. | saw Sena-
tor Jones and we did talk politics.
but nothing of the sort reported oc-
Cured"
NO FORMAL CONFERENCE
Il have as yet had no formal con-
ference since my arrival in Wash
ington. Tonight at a dinner at the
home of Senator Newlands, of Ne
vada, l shall meet and confer with
the first one-haH of the Democratic
senators on the alphabetical list.
Tomorrow night l shall meet the
second half After that | go at once
TO Roanoke, near where my daugh-
ter is attending school" Mr.. Bryan
before leaving the capitol dictated
in response to a request the follow
Ing interview setting forth briefly
his views on the financial situation:
Lack of public confidence is what
drives money out OF circulation. Re-
store public confidence and money
returns to it's accustomed channels.
For lack of confidence the best rem
edy 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 provides
for the creation of a guaranty fund
by assessments upon the banks in
proportion to their deposits and au-
thorizes the banking board to make
such assessments from time to time
as may be necessary to restore the
guaranty fund when II is lowered by
the payment Of money to depositors
OF failed banks.
This permits the resources OF all
banks to be the resources of each
bank, and lnsures each depositors
against loss. The Oklahoma statute
permits national banks to take ad-
vantage Of the state law and a ma
tional law should permit state banks
to come under the provisions OF that
law in states which have no guar
anty system
AN ELASTIC CURRENCY.
AS to an eleastlc currency. I
think provision could be made for
sufficient elasticity in times OF emer-
gency by law providing for the
issue Of United States note. such
notes to be loaned by the govern
ment to the banks upon adequate
security and at a rate OF interest
which would compel the retirement
of the notes when the emergency Is
over. suppose nearly all members
Of congress and senators favor some
provision for an emergency curren-
cy The demands as a rule favor
system under which the govern
ment will issue and control the value
Of emergency currency. while most
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