The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1908-08-19

iToH Watered STOCK ana 10 prOniDu tne
control by such corporation Of more than
GO per cent OF the total amount Of any
product consumed In the United States,
and third law compelling such licensed
corporations to sell to all purchasers in
all parts of the country on the Same
terms, after making due allowance for
cost of trans ortation
Railroad Regulations.
We assert the right of congress to exc
ercise complete control over interstate
commerce and the right of c.,h state
to exercise like control over commerce
within its borders
We demand such enlargement of the
powers of the interstate commerce COM
mission as may be necessary 70 compel
railroads to perform their duties COM
mon carriers and prevent discrimination
and extorton.
We favor the efficient supervision ard
rate regulation of railroads engaged in
interstate commerce, end to this end we
recommend the valuation of, railroads by
the interstate commerce commission,
such valuation to take into 'considerat ton
the physical value of the property. the
original cost of reproduction and all ele-
ments of value that Will render. the valu-
alton f9ir and lust
We favor such legislation as Will pro-.
hifit the railroads from engaging in bug
ines which brings them into competition
with the shippers; also legislation which
will assure su~h reduction, in transporta-
ton rites as conditions will permit, care
being taken to avoid reductions that
would compel Reduction of wages or do
injustice to legitimate investments. 1851
Banking.
The panic of 1907, coming without any
legitimate. excuse. when the Republican
party had for decade been in complete
control of the federal government. fur
y fOha dtvfl al tl...t l. .tN
unwilling or incompetent to protect the
interests Of the general public. 1t has
so linked the country to Wall street that
the sins of tie spectators are visited
upon the Whole people. 4 1t has used an
emergency for which it is largely respon-
sble to force through congress a bill
changing the basis of bank currency ari
inviting market manipulation, and has
failed to give 90 the 100000 depostors
Of the country protection in their
savings.
We believe that insofar as the needs
OF commerce require an emergency cur
rncy, such currency should be issued
controlled by the federal government and
loaned on adequate security to national
and state banks We pledge ourselves to
lie yislat.on under. which the national
banks shall be required to establish a
guarantee fund for the prompt payment
of the depos!tors of any insolvent ma
tional bank under an equitable system
which shall be available to all state
banking institutions wishing to use It,
We favor postal savings bank II the
guaranteed bank can not be secured, and
that 1t be constituted as to keep the
deposited money in communities where
1t is established. But we condemn the
policy of the Republican partyin propos-
ing postal savings banks under a plan
Of conduct by which they will aggregate
hn ftu of ant, ,ttt,it fa5 ana
rederos.t the same while under govern
ment charge i'm the banks of Wall street
thus depicting the circulating medium Of
the producing regions and unjustly ia
voring the speculative markets. -.
Income Tax.
We favor an income tax as part'of our
revea system, and we urge the sub
nj son. of constitutional amendment
specifically authorizing congress to levy
and collect a tax upon individual and
cor corate ifcomes, 10 the end that
wealth may bear its proporiionate share
of the burdens of the federal govern
ment.
Labor and lnIunctons.
Experience has proven The necessity OF
a modifcsti ton of the present law relating
to injunctions and we reiterate the
pledge of our national platforms of 1896
and 1904 in favor of The measure which
passed the United States senate in 1896,
but which a Republican congress has
ever since refused to enact. relating TO
contempts I'm federal courts and provid-
ing for trial by jury i'm cases of indirect
contempt, .o,........ -.- -
Questions OF judicial practice have
arisen, especially in connection with in
dustrial disputes. We deem that the
Tarti s to all judicial proceedings should
be treated with rigid impartiality. ana
that iniunctions should not be issued in
any cases in which fhjmctions would not
issue If no industrial disputes were in
volved. &c. .,- .'
We favor the eighthour day on all
government works
We pledge the Democratic party to the
enactment of law by congress. as far
as the federal jurisdiction. extends. for
general employers liability act covering
Injury to body or SIS of life. of employees.
Philippines. -'.-
We condemn the experiment In imper-
ialism as an ineXcusable blunder which
has involved us in an enormous expense,
brought US weakness instead of strnegth.
and laid our nation open to the charge
Of abandoning a fundamental doctrine of
self COVE rnment We favor an immedi-
ate declaration of the nations PURPOSE
to recognize the independence Of the
Philippine Islands AS. soon as a stable
government can ne established, such in
we guarantee the Independence of Cuba,
until the naturalization Of tho islands,
can be secured 10y, treaty with, other pow
ers I'm recognizing the Independence of
of the Philippines our government should
retain such Land as may be necessary for
coaling stations or naval bases.
Telegraph and Telephone.
I'VE pledge the Democratic party to the
enactment ,of a lew to regulate the rates
and service of telegraph and telephone
companies engaged I'm the transmission
Of rntss yges between the states under the
jurisdictionf OF the interstate commercs
commission. -, .,- "t- 49, 49,. =. az, a.
Popular Election Of Senators.
We favor the election OF United States
senator's by direct vote Of the people and
regard this reform as the gateway. TO
other national reforms. :. 3. ,-.,--s -SHr
Aslatic immigration. ....
We favor fun protection by both ma
tional and state governments within
their respective spheres, OF all foreigners
r. siding In the United States under
treaty. but we are opposed to the admis-
sion of Asiatic immigrants who oan not
haf oIe,a