New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-24
BRYAN SAYS BANKERS
BEAT HIM WITH PANIC
Defeated for Presidency, He
Tells New Jersey Voters,
by Terrorizing Tactics.

10y leleSrapn 10 i ne ltlDune.
Camden, y. j., Oct. 23.-Asserting that
the bankers OF America had shown their
inability 20 regulate themselves, and that
1t was necessary for the government TO
regulate them. William j. Bryan, in a
speech before fifteen hundred persons
here tonight. said the currency bill.
with the regional reserve board clause
substantially as it is. would pass Con-
gress with more Republican votes in its
favor than the tariff bill received.
Mr. Bryan came here primarily to help
elect A Democratic Governor, but as he
warmed TO his subject lie forgot all about
state issues and gave himself up princi-
pally to a euloGy OF President Wilson and
a defence Of the tariff bill. the currency
bill. the Presidents Philippine policy and
his own advocacy of peace among all ma
tons.
Mr. Bryan was suffering from cold.
and he did no. think he could talk very
long. but the more he talked OF the bank
ers and the currency bill the better the
cold got. and by the time he ended his
hfty-minute speech his cold was gone.
Once some one in the audience shouted.
How about MeXico?" and Mr.. Bryan.
with great seriousness. replied:
Il think that question came from
Democrat, and know that he has conf
dence enough i'm President Wilson TO let
him deal with that question at this time.
II he is not a Democrat-well, he won't
be allowed 10 interfere
Mr. Bryan was unsparing in his criti-
cism of the bankers for their opposition
To the control of the regional reserve
boards by the government.
Just imagine the railroads of this
country controlling the Interstate Com
merce Commission" he said. and you
will see how absurd II is for the bankers
10 claim that they should control these
boards They have shown their inability
to regulate themselves. they have been
very indignant at the thought Of the
banking business being controlled by any
but themselves. II YOU can be trusted to
regulate yourselves. why haven't you done
so?
tinued. 1T used to be the custom for
Wall Street to notify the Secretary OF
the Treasury to come and explain. But
now, thank God, the White House is on
the peoples side and Wall Street has got
TO come TO Washington The banks take
the money Of other people and they ought
TO deal fairly with the people with whose
money they make their great fortunes"
The new currency bill. Mr.. Bryan said
places state banks on the same basis with
national banks The government issues
the money. instead OF the bankers. he
said the notes are issued by the govern
ment and simply loaned to the banks.
Heretofore" he shouted. banks have
existed for the control Of the business, but
from now on they will exist for the bene
1T OF the community as a whole"
The currency bill. he said was a re-
markable piece of constructive statesman
ship, which had the support of all bank
ers except those with whom banking was
incidental, and whose principal business
was exploiting and the making Of big
fortunes out of other peoples money. and
those who were so under the domination
of these big fnanciers that they had TO
beg for their daily bread.
Mr.. Bryan characterized President WI
son as a man of high ideals, and he
pleaded with his hearers to support the
Democratic candidates as a mark OF APP
probation for the President.
Every other part OF the country has
done So" he sad. and the people OF
New Jersey should do so. too For the
first time IN a long while the White House
is on the side of the people, and that
means a whole lot
Mr.. Bryan said he would have been
elected President years ago but for the
mower OF certain persons 10 terrorize Tire
people and aid in producing and bringing
about panic.
THANK God" he said. "a man is now
IN the White House who has broken these
letters. II has been said that he was
elected because he divided the Republican
marty. Since when has IL become a reflec-
,ion on a man to divide the Republican
party?'
Mr.. Bryan went back TO Washington
tonight. but he will return TO New Jersey
on Thursday for speeches at Salem and
New Brunswick.