The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-01-28
WOULD NOT NAME
RUNNING MATE
w. J. Bryan Satisfied to Let
National Convention at
Denver Select the Man.
JONES STORY LACKS TRUTH
NE5RASkAN'S VIEWS ON FlNAN-
cIAL SITUATION.
JONES STORY LACKS TRUTH

Washington, Jan. 27.-W. ]. Bryan to-
day held an impromptu reception in
the rooms of the house committee on
ways and means, where a number OF
Democratic representatives and many
outsiders chatted with him. Asked by
some one to name his choice for run
ming mate, in the event of his NOM
ination at Denver, Mr.. Bryan laugh
ingly replied:
Il shan't tell. That is too bold a
question"
To the newspaper men he said:
You may say that my coming to
Washington was not to consult any
man or set of men as to whether or not
/ ought to be a candidate for the NOM
ination. l have not put that question
10 any man, nor shall I. The people,
not individuals, have the sole right to
decide that point. l am not here TO
solicit support for myself as a possible
presidential candidate. l never solicit
individual support. 1 never ask any
man TO vote for me.
I'm the past when 1 was before the
people as a candidate, my efforts to
obtain votes have been confined 10
statements of my views"
mo ruin IN story.
Asked about the story published in
some quarters that former Senator
Jones, Oliver P. Belmont and others
came to him a day or SO 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 candidate. / saw Senator Jones
and did talk politics, but nothing of the
sort reported occurred. | have as yet
had no formal conference since my ar
rival in Washington. Tonight at din
ner at the home of Senator Newlands
of Nevada, I shall meet and confer with
the first one-haf of the Democratic
senators on the alphabetical list.
Tomorrow night I shall see the sec
ond half; after that l go at once to
Roanoke, where my daughter is at
tending school.
Views on Financial Question.
Mr.. Bryan, before leaving the capitol,
dictated, in response to a request, the
following interview. setting forth brief
ly 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 its accustomed channels. For !
lack of confidence the best remedy is |
Insurance Of bank deposits, and l have /
ur ed upon the various states and con-
Rress the passage of some measure sim
liar to the law adopted by Oklahoma |
This provides for the creation of /
guaranty fund by assessments upon /
banks i'm proportion to their deposits |
and authorizes the banking board to /
time as may be necessary to restore the
guarantee fund when it is lowered by
the payment of money to depositors of
failed banks.
This permits the resources of all |
these banks to be the resources of each
bank and insures each depositor against
loss. The Oklahoma statute permits
national banks to take advantage of
the state law. and a national law
should permit state banks to come un-
der the provisions OF that law in
states which have no guaranty sys-
TEN.
Elastic Currency.
"As to an elastic currency, I think
provision could be made for sufficient
elasticity in times of emergency by a
law providing for the issue of United
States notes. such notes to be loaned !
by the government to the banks upon
adequate security and at rate of in
terest which would compel the retire
ment of the notes when the emergency
is over. l suppose nearly all members
of congress and senator's favor some
provision for an emergency currency.
The Democrats as rule favor a sys-
tenn under which the government will
issue and control the value of emer-
gency currency, while most Repubh
cans favor some system under which IL
would be issued and controlled by the
banks. This presents the point i'm dis
pute between the two parties. The
high financiers have been largely re-
sponsible for the present panic by rea-
son of their reckless methods; and I
am satisfied that a majority of the
people would prefer to risk the govern /
ment rather than risk these men. I
Somebody must decide upon the needs ]
of the people and. so far as I am con-
l prefer that the concessions be