Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1912-07-06

. 1912. by American Press Association.
ers the prevention of holding compa-
nies OF interlocking directorates. of
stock watering, of discrimination In
price and the control by any one cor
poration of so large a proportion OF
any industry as to make II menace
to competitive conditions.
We congratulate the country upon
the triumph of two important reforms
demanded in the last national plat
fo.m--namely, the amendment of the
federal constitution authorizing an in
come tax and the amendment proyid.
ing for the popular election of sena-
tors-and we call upon the people Of
all the states to rally to the support
of the pending propositions and secure
their ratification.
The movement toward more popu-
lar government should be promoted
through legislation In each state
which will permit the expression Of
the preference Of the electors for ma
tional candidates at presidential pri-
maries.
We pledge the Democratic party to
enactment of a law prohibiting
corporation from contributing to
mpaign fund and any individual
contributing any amount above
Ssonable maximum.
favor a single presidential term
to that end urge the adoption OF
an amendment to the constitution max
ing the president OF the United States
ineligible to reelection. and we pledge
the candidate of this convention to
this principle.
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 com
panies, telegraph and telephone lines
by the interstate commerce commits
sion, such valuation to take into con-
sideration the physical value of the
property, the original cost, the cost OF
the production and any element Of
value that will render the valuation
fair and just.
Banking Legislation.
We oppose the so-called Aldrich bill
or the establishment of a central bank,
and we believe our country viii be
largely freed from panics and conse-
quent unemployment and business de-
preston by such systematic revision
OF our banking laws as will render
temporary relief in localities in which
such relief is needed, with protection
from control or dominion by what Is
known as the money trust.
We favor national aid TO state and
local authorities in the construction
and maintenance of post roads.
We pledge the Democratic party, 90
far as the federal jurisdiction extends,
to an employees compensation law pro-
viding adequate indemnity for injury
to body or loss OF life.
We favor the exemption from tolls
OF American ships engaged In coast,
wise trade passing through the Panas
ma canal. a.,H
We also favor legislation forbidding
the use OF che Panama canal by ships
owned or controlled by railroad car
riers engaged in transportation COM
petitiye with the canal.
We reaffirm the position thrice an
nouneed blythe Democracy in national
convention assembled against a policy
of Imperialism and colonial exploita-
ton In the Philippines or elsewhere.
We favor an immediate declaration
of the nations purpose to recognize
the independence OF the Philippine isl
ands as soon as a stable government
can be established. such Independence
to be guaranteed by us until the neu-
trallzation OF the islands can be Sc
cured by treaty with other powers In
recognizing the independence of the
Philippines our government should, re-
tain such land as may be necessary
for coaling stations and naval bases.
We favor the establishment Of a.
parcels post or postal express and alse
the extension Of the rural delivery