The herald and news. [volume] (Newberry S.C.) 1903-1937, 1908-01-31
To the newspaper men he said:

lou udE say ludl T'y cOulluS "
Washington was not to consult any
men or set Of mel as TO whether or
not | ought to be a candidate for the
nomination. | have not put that
question to any man, nor shall |:
Tie people, not individuals. have the
sole right to decide that point. |
am not here to solicit support for
myself as a possible candidate. I
never solicit individual support. [
never ask any man to vote for me.
In the past when I was before the
people as a candidate, my efforts to
obtain votes have been c,nfne'l to
statements Of my views.'
Asked about the story published in
some quarters that Former United
States Senator Jones. Oliver II. ?.
Belmont and others came to lin a
lav or 50 ago aid told him he was
rot the logical candidate for the
Democratic nomination, urged him
not to run and promised to oppose
him if their advice should not be
regarded, Mr.. Bryan said:
"There is not shred Of truth IN
that story. No one mas advised me
not to be a candidate. 7 saw Senator
Jones and We did talk politics, but
nothing as such reported occurred."
Mr.. Bryan before leaving the capt.
tol dictated in response to request
The following interview. setting forth
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 its accustomed channels.
For lack Of confidence the best rem
edv is. insurance Of bank deposits,
and 7 have urged upon the various
States anl congress the passage Of
some measure similar to the law
adopted by Oklahoma. This pro-
vidos for the creation CT a guaranty
fund by assessments upon 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 it is lower, by
the payment Of money to daposltors
of failed banks.
"This permits the resources Of all
the banks to be the resources of each
bank, and insures each iepositor
against loss. The Oklahoma statute
permits national banks to take ad-
vantage Of the State law and ma
tional law should permit State banks
to come in under the law.
"As to an elastic currency, !
think provision could be made fol
sufficient elasticity il times Of erner-
gency by a law providing for the is,
sue Of United States notes, smell :iotc;
to De loaned by the government 10
the banks upon adequate security
ald at rates of Interest which
would compel the retirement Of thu
not>< when the emergency is over.
suppose nearly all members Of con,
gress and senators favor some provi-
sion for an emergency currency. The
Democrats as a rule. favor system
under which the government will is.
sue and control the volume Of emer-
eency currency, while the Republi,
cans favor some system under which
it would be issued and controlled by
the banks. This presents the point
of dispute between the two parties
The high fnanciers have been large
" responsible for the present panic
bv reason of their reckless methods
and I am satisfied that large ma
ioritv Of the people would prefer tc
risk the government rather than risk
these men. Somebody must decide
upon the needs of the people, and SO
far as T am concerned I prefer that
the concessions be with the public
officers responsible to the people,
rather than with private individuals
who would be guided by their own
interests instead Of by the interest
of the public.''