Show BRYAN IN BATTLE WITH FINANCIERS Nebraskan Meets Big Money Men at New York Banquet VIOLENT VERBAL CONFLICT Currency Curren y and Banking System Said to Be Worst in History New Ne York Feb 5 William iam J. J Bryan Dryan came into violent verbal conflict con- con with Andrew An rew Carnegie Lyman L man J J. Gage and Victor at the ban ban- banquet luct of or the Economic club at the HeLel Ho- Ho Hotel tel el Astor tonight The three finan cier ier attacked the policies of the Nebraskan Ne- Ne throughout caustic speeches on an the monetary situation and In re- re uin Luin arjan kiran tola lolU that they thoy were perfect representatives of ot the types of or ormen men lien who by their own admission have forced upon the country the the worst system In ln the tho history lor of tho the world Henry Benr Clows Clews Stuyvesant Fish James and similarly well known applauded Carnegie Gage i and ind heartily Mr Brian's Brians Br ans address fell tell upon a chill Mr began beg gloomily The financial condition of the tue coun- coun country country try ry today ho he said his la tho worst my lay nation civilized or uncivilized has over iver seen The Thc national banks of the country have more than twelve thousand thousand thou thou- sand millions of oC deposits That Is ls four tour times imes as much currency as the entire country contains These banks and th he LIme trust companies carry In their I vaults aults only 8 S per pcr cent of at currency I ag their n 9 per cent of credit But But this Is no time lime for congress to meddle with this situation Congress must keep its hands off oCt until the tho PresIdential Pres- Pres election has been held lucid Andrew v Carnegie's K VIc Mi 11 Carnegie said bald ald he subscribed to most oC or Mr r. r views We must not meddle with the nuances until we have hare settled another little matter next fall he began Fate has sent us two deep humiliations One Is the tho worst vorst banking system since Adam Inthis In Inthis Inthis this respect we are dangerously are dan behind every other country In the Ule world orld Tho The Civil war was to blame for It for durIng during during dur dur- ing the Civil war wo we wore forced to tomake tomake tomake make bonds bons stand for tor everything We 0 have lavo not nol changed that system since and now HOW It operates to a loss of or to tho country every year jear I want to call that fact tact to the attention ot of tho the 1 Presidential aspirant here present pres pros ent oat continued Mr Carnegie amid an on outburst of ot Following Mr lr former Secretary Sec Sac ec- ec rotary of tho TI Treasury dago Gagu made mac a a. speech to the time same effect Mo lo o more humiliating v was reix ix mover con than s UHn thu h banks ana ond tru t companies stopped bu business in n n. rain min ute uto as thou nt at at the the- the ringing x or of f o. o bell The Tho blame for COl this I state g Of affairs market said created Mr e Gage CaKO for la Is government the tho artificial arti arti- l' l bonds So is tho purchase by the government of silver sll dollars worth GO 60 cents anti and Its sale b by tho time government atone at atone atone one dollar Bryan lu Attack Mr Ir Bryan Bran who followed the soc ex reUl rotary ry said For tho last 47 41 tho time financial affairs of tho the country have been bean In inthe tho the hands of ot men represented by the three preceding speakers hero here tonight I am triad glad to hear these men admit hero here that the timer have evolved tho the worst bank bank- b i Ing system ever er known I came camo hc here her I expecting to hear bear some Bomo ideas of ot what wha should be done dono to correct the tile system and I 1 find that all an they know Is that tha should ftc he done the they dont don't know what not a fair statement Bryan Dran broke In z I Then Thon I 1 withdraw It It retorted the thc Nebraskan And I amend It so as to here to get some say that having come remedial ideas I think I have fine cause for Cor a suit Bult for breach of oC promise Well these e speakers advise all the ap appointment appointment ap- ap of a commission to delay any 1 measures measures for a 3 year car But nut ButI I say that plans should be made mado now so that the tho people will be given a n about what they think chance to 0 say the situation and whose plan tImeS they like best friends And nd for the benefit of ot my here I want to paraphrase an old finance which you youl r ro rb that sound l Ignorantly worship I 1 come to declare unto you Your talk of a l. l gold standard standard stand stand- ard puzzles me rh Why denounce the government go for Issuing issuing- In promises to pay when you dont don't de- de denounce the banks for tor Issuing Issuing- promises to lo pay pay flay Not Affected ler Personally went on Mr Bryan Dryan I Iam ram I r am im not In tho the least affected by 11 thelast the tho affected affected af affected af- af last panic I 1 am not politically either Tho The fact Is 1 I can now that my party Is not the tho only I prove one ne under tinder whoso whose administration panics happen As to the blame for this last one It is not the Issue of ot too much paper the tho blame upon mone money noney You must put the over Issue of stocks and bonds that hat dont don't represent honesty In busi- busi ness ies s sAnd And If you blame the the- government go cents and sellIng sell sell- for or buying silver at 60 In Ing ng It for tor a dollar donar what can you sa say of ot Wall Vall streets street's Issue of billions In stock that hat represents no value whatever Do the people want the banks bt or the It government to Issue their money mone do dolot donot donot bankers though the tho Looks to mo mc as not lot want the government to come to t t their aid with emergency currency atalL at alLIn ill alL illIn In Itt closing Mr Bryan said sallI that both bothI the he the Aldrich I and Fowler currency bills mad had good features but many more obJectionable ob- ob I to him as welL I |