The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1912-07-05

freedom Of speech and Of action in ad.
vocatins, proposing and perfectng
remedial legislation.
II has passed bills for the relief Of
the people and the development Of our
country. II has endeavored to revise
the tariff taxes downward In the In
terest Of the consuming masses and
thus to reduce the high cost Of living
II has proposed an amendment TO
the federal constitution providing for
che election Of United States senators
BY the direct vote Of the people.
It has secured the admission OF Art
xona and New Mexico as two sover
eigD states.
II has required the publicity Of cam
paign expenses both before and after
| election and fixed limit upon the
| election expenses Of United States sen
| stors and representatives
" has passed u bill to prevent the
abuse Ut the writ Of injunction. II has
passed law esta blishing an eight hour
day for workmen on all national pub
lie work.
II has passed q resolution which
eUrced the president to take immediate
steps to sbroeate the Russian treaty
And Il has passed the grCat supply
bills which lessen waste and extrsvs
gance and which reduce the annual sx
penses of the government BY many mil
Hons Of dollars.
We approve the measure reported BY
the Democratic leaders In the hOuse Of
representative for the creation Of
council Of national defense which will
determine q definite naval program
with view to increased efilciency and
economy. The party that proclaimed
and has always enforced the Monroe
dOctrine was sponsor for the new
navy will continue faithfully to oh
serve the constitutional requirements
to provide and maintain an adequate
and well proportioned navy sufficient
to defend American policies. protect
our citizens and uphold the honor and
dignity Of the nation.
Republican Extravaganza.
We denounce the profiigate waste Of
the money wrung from the people BY
oppressive taxation through the lavish
appropriations Of recent Republican
congresses. which have kept taxes high
and reduced the purchasing power Of
the peoples toll. We demand q return
to that simplicity and economy which
beft Democratic government ana
o reduction IN the number Of useiess
Offices. the salaries Of which drain the
substance of the people.
Railroads. Express Companies, Tsls.
graph and Tslsphons Lines.
We favor the efficient supervision
and rate regulation Of railroads. ex.
press companies. telegraph and tele-
phone lines engaged In interstate com.
merce. To this end we recommend the
valuation Of railroads, express cOmpa
MES, telegraph and telephone lines by
the Interstate commerce commission.
such valuation to take into considera.
ton the physical value Of the property.
the original cost, the cost Of the pro-
ductiOD aud any element Of value that
will render the valuation fair and just
We favor such lcgislat ton as will ef
fectually prohibit the railroads. ex.
press. telegraph and telephone compa
MES from engaging In business which
brings them into competition with
shippers or patrons: also legislation
preventing Overissue OF stocks and
bonds by Interstate railroads. express
cOmpnn nies. telegraph and telephone
lines and legislation which will assur"
such reduction In transportation rates
rs conditions will permit. care being
taken TO avoid reductions that would
compel reduction Of wages. prevent
legitimate Investments.
Banking Legislation.
We oppose the 80 called Aldrich
bill or the establishment Of central
bank. and we believe our country will
be largely freed from panics and con
sequent unemployment aud business
depression by such systematic revi.
sion of our banking laws as will render
temporary relief In localities In which
such relief In needed. with protection
from control or dominion by what In
known as the money trust
oitHks eAiHt tOV tie uCCohuouutlOu
of the public and not for the control OF
business All legislation on the sub
ject Of banking and currency should
have for its purpose the securing Of
these accommodations on terms Of ab
s0lute security to the public and NJ
complete protection from the misuse
Of the pOwe" that wealth gives to those
who I'ossess It.
We condemn the present methods Of
depositing government funds In few
favored banks. largely situated In or
controlled ty Wall street. In return
for political favors. and we pledge our
party to provide by law for their de
poslt by competitive bidding In the
banking institutions Of the country,
national and state, without discrimina.
ton as to locality. upon approved &C.
curIties and subject to call by the gov,
ernment
Rural Credits.
or equal importance with the Ques.
ton Of currency reform Ii the question
Of rural crpditA or agricultural nnanc