November 3, 200421 yr He conceded because he cant win and when it reaches the point where you know its over the losing candidate always concedes.
November 3, 200421 yr It's customary for the winnar to wait for the loser to concede before giving his victory speech.
November 4, 200421 yr I was trying to find a William Jennings Bryan concession speech, b/c there hasn't been a better speaker/writer to run for president since Lincoln. And I ran across an article that some may find interesting, here. (This is actually the Google cache, since the article seems to be missing from the original location, here.) Supposedly the tradition started when WJB conceded in a telegram.
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