The Washington herald., 1908-01-28

terday, nor will il. according TO those of
Mr. Bryans friends who ought to know,
take place at ali.
Although the report still simmered
about in the brains OF some OF the dis
eontented members of Congress who hail
largely it is believed. from Eastern
States, the sound Of the simmering was
lower yesterday than il was the day be-
fore. and by to-days dawn perhaps the
fire under the Democratic political caul-
dron viii have gone out once again.
Mr.. Bryan himself. when seen at the
Metropolitan Hotel just before he left
with Senator Newlands for the latters
home, remarked smilingly that he had
been SO busy during the day that the
committee-the one that was to inform
him OF the decision of the party leaders"
evidently could not find him.
Chances Are Excellent,
When asked by a friend in this city
what he thought Of the chances for Dem
acrauc success, Mr.. Bryan smiled and
said he believed them 10 be excellent. lie
remarked that the Democracy of the Dis.
trict, with few exceptions, seems to be
most fav0rably inclined toward himself.
Just before he entered the waiting
carriage of the Nevada Senator. Mr..
BRYAN was asked if there was anv
possibility that politics would form the
basis Of conversation for the dinner held
Al Mr.. Newlands' house last evening. at
which he and the first alphabetical half
or the Democratic Senators were guests.
lie smiled rather broadly, thought z
minute, and then remarked. Wen
probably talk about any subject intro
duced"
In fact Mr.. Bryan was smiling ali
day. If the news that he is to be de-
posed In favor of some other man was
formally presented to him Yesterday
ne certainly took il with consummate
grace. Beginning the day early. Mr.
Bryan proceeded to the Capitol. where.
for several hours, he walked about con-
versing with friends and with news
paper men on various topics.
As he was scheduled to meet half OF
the Democratic Senators last night at
the banquet az Senator Newlands'. Mr.
Bryan Yesterday morning and after
noon largely devoted his time to the
Democratic members Of the House One
IF the first questions asked him by the
reporters after he reached the Capitol
was about the report OF his enforced
withdrawal from the Presidential race.
lie said emphatically that no one
discussed the matter with him.
Taft Was There. Too.
Secretary Taft was in the House at
that time although the TWO men did not
meet. A wag remarked however. upon
observing both the heavy weight candi-
dates that surely the next President Of
the United States was this day at the
Capitol.
Yes remarked another. "and his
name is Bill, and that's no dream"
Mr. Bryan went TO the press gallery, /
and for time watched the proceedings
of the House, where Representative
Fowler was undergoing a hazing. be-
cause he wanted to obtain time in which
TO eXpound his ideas on his financial BILL
Mr.. Fowler's experience" said Mr..
Bryan, reminds me Of the man who
started 10 get over fence into a lot
in which there was a ferociOus bull The
idea struck him that it would be funny
If he could get hold Of the bull by the
tail and throw him over the fence. The
thought appealed 10 the man so hum0r-
ously that for half an hour he sat down
and laughed as hard as he could Finally
he subdued his mirth and climbed over
the fence
Some time afterward. when he came to
he aroused himself and said: Gee. but
1t was a good thing / had my laugh
first
Perhaps added Mr.. Bryan. 1t may
be n good thing that those members who
are poking fun at Mr.. Fowler are having
their laugh first"
DicPuceipg HDuroisT focF~I..s-
Bryan said.
For lack Of public confidence the best
remedy is insurance of bank deposits.
and ! have urged upon the various States
and Congress the passage of some meas
ufe similar 10 the law adopted by Okla
hOma. This provides for the creation of
a guaranty fund by assessments upon
banks IN proportion to their deposits. and
authorizes the banking board 10 make
such assessments from time 10 time as
may be necessary to restore the guaranty
fund. when it has been lowered by pay
ment OF money 10 depositors Of failed
banks.
Resources of Banks.
This permits the resources OF all tba
banks to be the resources of each bsnI,
and insures each depositor against loss
The Oklahoma statute permits banks to
take advantage Of the State law. and a
national law should permit State banks
70 come in under the provisions of that
law in States which have no guaranty
systems.
As TO an elastic currency. l think the
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 10 the banks upon adequate /
security and at rate OF interest which /
would compel the retirement of the notes !
when the emergency is over
Il suppose nearly all members Of Con-
gress favor some provision for an emer- /
gency currency The Democrats. as
rule, favor a system under which the gov /
eminent will issue and control the value |
OF emergency currency while most Re /
publicanS favor some system under which 1
1t could be issued and controlled by the
banks. This presents the point in dispute 1
between the two parties.
The high financiers have been largely 1
responsible for the present panic by rea- /
son Of their reckless methods. and I am 1
satisfied that "a large majority of the 4
people would prefer 10 risk the govern /
ment rather than TO risk these men.
Somebody must decide upon the needs /
va the pS'Pte' anu 80 Tar as am con- Z
cerned l prefer the concessions be with
the public officers responsible 10 the pub |
lie, rather than with private individuals. |
who would be guided by their own inter- |
ests instead Of by the interests Of the
public
AIR. Bryan will remain at the residence /
Of Senator Newlands to-day. and. Dos /
sibly. tomorrow. Tonight he will again
be the guest Of that Senator at a dinner. |
at which the Democratic Senators who |
were not present last night viii be guests. /
Tomorrow, IL is probable Mr. Bryan
CnIy One "BRomo oUrNINE." f" that =