The Montgomery advertiser., 1908-01-28
BRYAN HOLDS A RECEPTION Meets Democratic Mem bers of Congress. NO FORMAL CONFERENCE Did Not Consult Any Man as to
 Candidacy. He Says There is Net shred of Truth [. Statement That He wss As-
 visea Net te Be-
 cene Candidate.
NO FORMAL CONFERENCE

Washington. Jan. 27.--w. ]. Bryan today held an impromptu reception in the rooms of the House Committee on Ways and Means. where number of Democratic representatives and many outsiders shook him by the hand and chatted with him.
 Asked by some one to name his choice for running mate in the event of his nomination at Denver Mfr. Bryan lAughingly replied: T shan't tell. That is too bold 6 question:" To the newspaper men he said:
 You may say that my coming to Washington was not to consult any man or any set of men as to whether or not I ought to be candidate for the nomination. I have not put that question to any man nor shall l. The people, not individuals have the sole right to decide that point. am not here to solicit support for myself as 'a possible presidential candidate. I nsv- CT solicit individual support. never ask any man to vote for me.
 Tn the past when was before the people as a candidate. my efforts to obtain votes have been confined to statements of my views"
 Asked about the story published Tn some quarters that former United States Senator Jones. Oliver H. F. Bei- mont and others came to him . day or
 
 logical candidate for the Democratic nomination, urged him not to run, and promised to oppose him # their advice should be disr5gerded. Mfr. Bryan said ,.
 ~There Is not . shred of truth in that story. No one has. advised mo not tc be a candidate. saw Senator Jones and we did talk politics, but nothing of the sort reported occurred.
 T have as yet had no formal con ference since my arrival in WaahinR- ton. Tonight at c dinner at the home of Senator Newlands of Nevada. shall meet and confer with the fFat one a-half of the Democratic Senators in the al phabetlcal list
 'romorrow night shah meet the second half"
 Mir. Bryan. before leaving the capitol, dictated. in response to q request, this 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 re-, turns to It's accustomed channels. For lack of confidence the best remedy ia insurance of bank deposits and I have urged upon the various States and Con- grese the passage of some measure similar to law adopted by oklahoma This provides for the creation Of a guaranty fund by assessment upon banks in proportion to their deposits and authorizes the Banking Board to make such assessments from time to time as may be necessary to restore the guaranty of the fund when 1t ls lowered by the payment of money to depositOrs of failed banks.
 "As to an elastic currency, I think provision could be made for the sum- cient elasticity in times of emergency by a law providing for the issue o1 United States notes, such notes to be loaned by the government to banks upon adequate security and at a rate of interest which would compel retire ment of the notes when the emergency Is over. suppose nearly all members of Congress and Senators favor momn provision for an emergency currency. The demands as Q rule favor a system under which tho government win issue and control the value of eneFwency currency, while most Republicans fn- vor some system under which 1t would be Issued and controlled by the banks.
 This presents the point in disnufe between the t>go parties.a The high hnanciers have been largely reaponsi@ ble for the present panic by reason of their reckless methods; and I am sat- ished that . majority of the people would prefer to risk the governruerf rather than risk these men"