The Washington times., 1908-11-01
Monster Gathering Hears
His Closing Speech of
Campaign.
Continued from First Page)

I "a - ''' 800 Ns~'S
administration of party whose priR-
| ciries ana practical workings are well
| known and whose action it is practically
1 easy TO forecast, 20 new set of men
who belong 10 another party and whose
course /" Office is a matter of cOuJCc-
tuce in itself tends 10 create uOubi and
heSitdnCN and the possibility of such
change always keeps many business en-
teIFrisCs in suspension bftoIe every
Presidential election.
Tie possibility al Air Rrvan's election.
however, involves much more tI6u TINS
ordinary doubt.
We know that ne Is politician Of
great sHIll, who, while really "a PupulisJ
in fact, as he was formerly by poiiJICai
dflllltlOn, mas secured vuutTCl Of the
machinery Of the Democratic party. lie
advocates great variety o. measures,
" hlch are grOtesquely inconsistent with
the principles oil ThrmaSa jefferson,
watch would rsSul, IN the complete
dbanuoume Mt OF tie doctrine that That
COY elniueH5 governs best which governs
least, and which would ring about
aU all powerful centralized government
IN Washington completely destructive Of
state sovereignty. Yet The disciples or
Jefferson follow him nec.Sly ard appear
happy 10 eat out Of has hand.
Senate Not a Bar.
The suggestion has been made that
Republican Senate might stand as
although ne should be elected President.
In my judgment that is delusicn.
Careful observation of the Senate leaves
little doubt that if the people Of the
country were 20 give their approval to
Mr. Bryan by eicctiCg him President
and by supporting him with a Demo-
cratic House, "a sufficient number OF
Senators elected as Republicans would
yield to the pressure of the Bryan pol
icies backed by the force of that pop
ular Endorsement To give effect TO al
most any measure which he might pro-
pose Mr. Bryan has publicly declared
that he expects this, and ! think his
expectation would be justified.
The substantial question before us.
therefore, is what would be the effect
upon the productive enterprises of the
country to know that Mr.. Bryan's views
We're TO be made effective by the entire
force of the National Government. Let
us seek an answer 20 that question
by recalling the Views which he has
expressed.
Ineed not spend time over Mr.. Bryan's
devotion 10 the free coinage Of silver.
He has omitted that from his platform
this year, because il no longer affords
a popular is e IN the face of The logic
OF events Wa has disproved- every
prophecy upon which he staked his rep
utatiOn for political wisdom in his cam.
paiEn Of 1896. But he has not abJured |
it. In his speech at Albany, in 1896,
Speaks at Albany,
'sThe Democratic party has begun a
war Of determination against the gold
standard We ask no quarter; we give |
no quarter. We shall prosecute our
warfare until there is not an American |
citizen who dares to advocate the gold !
standard
At Knoxville. ten years later, on Oc- /
tober 8. 1905, he said:
IF there is anyone who believes that /
the gold standard is a good thing, OF /
that il must be maintained, / warn
him not 10 east his vote for me, because
/ promise him that II VIII not be main
tanned in this country longer than / /
am able 20 get rid OF it,
The business men OF the country VIII F.
not forget that under our laws II would
still be possible If Mr. Bryan were
President and a time of stTingency we're
to come, 10 completely destroy the sin f.
gle gold standard by executive action
and 10 bring on trial of his fayorite
theory through the enactment OF law .
for the free coinage of silver.
He has declared himself In favor OF I
the initiative and referendum, and he /
has never abjured that, although he has 4
omitted il from his platform because
he has seen that the American people .
sLTauk from destroying the system Of {
representative government under when .
which "A larger measure Of liberty and I
Justice has been attained than under !
any other form Of government the world /
has known.
Clared himself in favor of the Govern 1
ment ownership OF railroads and he 1
stands by that declaration In his /
speech at the great reception given IN D
New York upon his return from Europe I
in August, 1906. Mr.. Bryan declared;
Il have reached the conclusion that I
there will be no permanent relief on I!
the railroad question from the discrimi- /
nation between individuals and between /
plaCeS and from eXJOrtiOn in rates until /
the railroads are the property or the /
Government and are operated by the /
Government in the interest of the peo-
pie
lie proposes ia his latest platform a I
bank deposit guarantee scheme under .
which all the national banks OF the
country shall guarantee the payment /
of the deposits Of all the other national /
We have in this country system of !
uerfeCtly safe and sound savings banks
in which over $500, 90 depOsitOTs /
have deposits amounting to about S2,50o.- !
coo 600. These depositOrs are for the .
most part wag learners, clerks. thrlftS /
persons of small means not engaged IN /
buSiueSs. For the use OF such persons IN (.
parts Of the country where savings I
banks are not accessible the Republic (
can party proposes to establish postal .
savings banks through which the Gov ,
eminent will take charge OF their saw
fngs and keep them securely.
If, however. Mr.. Bryan scheme were
TO be adopted any set Of scOundrels VINO ]
could raise S25.010 could start bank and /
could borrow money on the credit OF I
the entire banking capital OF the United /
states: for the depositOrs would know (
that il made no difference to them .
the men who asked for their /
deposits were incompetent or reckless /
spectators. or dishonest TOgues, be- I
cause if their deposits were lost in .
speculation or stolen. nevertheless the /
other banks Of the country would pay
them Furthermore, the business of /
banking IS conducted under widely diff /
ferent conditions in different parts OF .
the country.
Is a Bad Scheme
Such a scheme as this IS worse than 4
would be a law to compel every mer- |
chant to indOrse The notes OF every
other merchant for when notes are in /
dorsed the amounts are known and the 1
persons for whom they are indorsed are /