The Birmingham age-herald., 1908-03-06
ctrine of self-government.
 Phllippine Independence.

the nations purpose to recognize the in- dependence of the Philippine Islands as soon as a stable government can be es- tabllshed, such Independence to be guard ed by us, as we guard the independence of Cuba, until the naturalization of the islands can be secured by treaty with other powers. In recognizing the inde- pendence of the Philippine Islands our government should retain such land as may be necessary for coaling stations and naval bases.
 Desiring the prevention of war wherever possible, we believe that our nation should announce its determination not to use our navy for the collection of private debts and its willingness to enter into agreements with other nations, providing for the investigation by an impartial tri- bunal before any declaration of war or commencement of hostllties of every dis pute which defies diplomatic settlement.
 We assert the right of Congress to -ex- ercise control over interstate commerce, and we assert the right of each state to exercise just as complete control over commerce within it's borders.
 We demand such an enlargement Of powers of national and state railways commissions as may be necessary to give full protection to persons and places from discrimination and extortion.
 Railroad Legislation.
 We believe that both the nation and the various states should first ascertain the present value of the railroads, meas tired by the cost of reproduction; second. prohibit the issue of any more watered stock or of frictitious oapitalization; third, prohibit the railroads from engaging in any business which brings them into com- petition with their shippers, and, fourth, reduce transportation rates until they reach a point where they will include only reasonable return on the present value of the roads-such reasonable re- turn being defined as a return sufficient to keep the stock of the road at par when such roads are honestly capitalized. The injury done by issuance of watered stock Is more clearly seen and better under stood since the shrinkage in the market value of such stock has precipitated a widespread panic and brought enormous loss to the country.
 The panic has emphasized the necessity for legislation protecting the wealth pro- ducers from spoliation at the hands of the stock gamblers and the gamblers In farm products
 The present financial stringency furn- ishes additional proof that the republican leaders are either unwilling or incompe- tent to protect the interest of the general public.
 They have so linked us to Wall street that the sins of the speculator are vis- tied upon the entire country
 We favor the postal savings bank, and in addition thereto insist upon the passage of laws, state and national for the better regulation of banks ana for the protec- tion of bank deposits. The government demands security when it deposits in pulp lie banks, and we believe tpat the secur- ity of the individual depositor who en- trusts his earnings to bank should be as specific as the governments security.
 Financial Legislation.
 We oppose both the Aldrich bill and the Fowler bill, and believe that insofar as the needs of commerce require an emer- gency currency, such currency should be issued and controlled by the federal gov ernment, and that it should ho loaned upon adequate security and at a rate of interest which will compel its retirement when the emergency is passed.
 We demand, further, that favoritism in the deposit of treasury funds shall be abolished and that surplus revenues shall be deposited at competitive rates upon sufficient security, anl fairly distributed throughout the country
 We fator the eIgtt hour day.
 We believe in the concibatior Of capital and labor. and ravrc every legitimate means for the adjustr ent of disputes be- tween corporation employers and their employees, to the end that justice may be done to those who labor and to those who employ.
 We favor such a modification of the law relating to injunctions as will, first, pre- vent the issuing of the writ In industrial disputes except after notice to defend- ants and full hearing; second, permit trial ttn,, he anA Hn issued the writ; and, third, allow jury to be summoned in all cases where the al legged contempt is committed outside the presence of the court
 We favor an employers liability law. applicable to both private and public em- ployers.
 immigration Restriction.
 We favor full protection, by both na- tional and state governments, within their respective spheres of all foreigners resid- ing in the United States under treaty but we are opposed to the admission of Asiatic immigrants who cannot be anal gamated with our population. or whose presence among us would raise a race is- sue and involve us in diplomatic contro- yersies with Oriental powers, and we de- mand a strlcter enforcement of the immi- grafton laws against any immigrants who are undesirable.
 We welcome Oklahoma to the sisterhood of states and heartily congratulate her upon her suspicious beginning of a great career.
 we favor separate statehood for Ari- zona and New Mexico and demand for the people of Porto Rico the full endowment of rights and privileges of territorial form of government.
 The democratic party of Nebraska again declares confidence in the administration of William Jennings Bryan. In him we behold the. ideal American citizen-the Ideal democrat. We rejoice that the principles which he has so ably cnam- pioned have been gladly received. and are now generally accepted by the Amer ican people.
 Resolved, That the delegates by this convention chosen be, and they are hereby instructed. to vote as unit for the nom ,nation of MT. Bryan for the presidency. Spring humors. binples and boils are