Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1908-07-10

| and the various states Snoulu, HrsI as
| certain the present value OF railroad:
measured by the cost Of reproduc
ton; second, prohibit the issue OF an!
more watered stock on fictitious capl
tallzation; third, prohibit the railroads
from engaging in any business which
brings them into competition with
their shippers, and, fourth, reduce
transportation rates until they reach q
point where they will yield only a rea'
sonable return on the present value OF
the roads, such reasonable return be-
ing defined as return sufficient to keep
the stock of the roads at par when
such roads are honestly capitalized.
Postal Savings Banks-We favor
the postal savings bank, and, IN add1'
ton thereto insist upon the passage
of laws, state and national, for the oet
ter regulation Of banks and for the
protection Of bank deposits. The gov
eminent demands security when 1t de-
posits public money In bank, and we
believe that the securing of the 1ndl'
vidual depositor who intrusts his earn
ings to a bank should be as perfect az
the government security.
currency-We believe that, in so far
as the needs of commerce require an
emergency currency, such currency
should be issued and controlled by the
federal government, and that 1t should
be loaned upon adequate security and
at a rate of interest which Will COM
pei it's retirement when the emergency
is past. We demand, further, that
faxoritism in the deposit OF treasury
funds shall be abolished and that sur
plus revenues shall be deposited at
competitive rates upon sufficient Sc
curity and fairly distributed through
out the country.
Labor and Arbitration-We favor
the eight,hour day. We believe IN the
Cancellation of capital and labor and
favor every legitimate means for the
adjustment of disputes between cor
porate employers and their employees
to the end that justice may be done to
those who toll and that society may be
relieved from the embarrassment &C.
casioned by prolonged strikes and
lockouts.
lniunctions-We favor such modi-
flcation of the law relating to in1unc'
lions as will, first, prevent the issuing
of the writ in industrial disputes, ex-
cept after notice to defendants; Sec
ond, permit trial before a judge other
than the one who issued the writ, and,
third, allow a jury to be summoned in
all cases where the alleged contempt
is committed outside the presence OF
the court.
Employers LiabiIity-We favor an
employers liability law, applicable to
both private and public employers.
lmmiaration-We favor full protec-
ton by both national and state gov
ernments within their respective
spheres Of all foreigners residing in
the United States under treaty, but We
are opposed to the admission OF Asiat-
ic immigrants who cannot be ANAL
gamated with our population or whose
presence among us would raise race
issue and involve us in diplomatic con-
troversies with oriental powers, and
we demand a stricter enforcement OF
the immigration laws against any i'm
migrant who advocates assassination
as a means of reforming our govern.
ment
Irrigation and Forests-We sympa-
thize with the efforts put forth for
the reclamation of the arid lands OF
the west and urge the largest possible
use of irrigation in the development OF
the country. We also favor the recla'
nation OF swamp lands upon the same
principle. We favor the preservation
of the forests still remaining and the
re-planting of the denuded districts in
all our mountain ranges, as we'll as the
reforestation of the western plains.
Canal and Water Ways-We believe
that the Panama canal will prove OF
great value to our country and favor
its speedy completion. We urge lber.
al appropriations for the improvement
and development Of interior water
ways, believing that such expenditures
will return large dividend In les
sened cost Of transportation.
Pensions-We favor a generous pen.
sion policy, both as matter of justice
to the surviving veterans and their de-
pendents and because 1t relieves the
country Of the necessity of maintain
ing large standing army.
Phllippines-We condemn the ex-
pertinent in imperialism as an mex.
cusable blunder which has involved us
in an enormous expense, brought us
weakness instead Of strength and laid
our nation open to the charge Of aban'
doning the fundamental doctrine OF
self-government. We favor an imme-
date declaration of the nations pur-
pose to recognize the independence OF
the Philippines as soon as stable
government can be established, such
independence to be guaranteed by us
as we guarantee the independence OF
Cuba until the naturalization Of the
islands can be secured by treaty with
other powers. In recognizing the in.
dependence of the Philippines our gov.
eminent could retain such land as may
be necessary for coaling stations and
naval bases.
Foreign Policy-Desiring the pre-
vention of war, wherever possible, we
believe that our nation should an.
nounce its determination not to use
our navy for the collection of private
debts and its willingness to enter into
agreements with other nations provid'
ing for the Investigation by an impair
tial International tribunal, before any
declaration of war or commencement
of hostilities, of every dispute whlst
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