The herald and news. [volume] (Newberry S.C.) 1903-1937, 1912-07-05

resentatives of the American people
the freedom of speech and of action in
advocating, proposing and perfecting
remedial legislation.
1t has passed bills for the relief of
the people and the development of our
country, and has endeavored to revise
the tariff taxes downward in the inter-
est of the consuming masses and thus
to reduce the high cost of living.
1t has proposed an amendment to
the Federal constitution providing for
the election of United States senators
by the people; has secured the admis-
sion of Arizona and New Mexico as
two sovereign States; has required
the publicity of campaign expenses
both before and after election, and fix
ed limit upon the election expenses
of United States senators and repre-
sentatives.
1t has also passed a bill to prevent
the abuse of the writ of injunction
1t has passed law establishing an
eight-hour day for work on all nation
al public work.
1t has passed resolution which
forced the president to take immediate
steps to abrogate the Russian treaty.
And it has passed the great supply
bills, which lessen waste and extrava-
gance and which reduce the annual ex-
penses of the government by many
millions of dollars.
We approve the measure reported
by the Democratic leaders in the
house of representatives for the crea-
tion Of council of national defence,
which will determine a definite naval
programme with a view to increased
efficiency and economy. The party
that proclaimed and has always en-
forced the Monroe Doctrine and was
sponsor for the new navy will continue
faithfully to observe the constitutional
requirements to provide and maintain
an adequate, well proportional navy,
sufficient to defend American policies,
protect our citizens and uphold the
honor and dignity of the nation.
Republican Extravaganza.
We denounce the profigate waste of
the money wrung from the people by
the oppressive taxation through the
lavish appropriations of the recent
Republican congresses, which have'I
kept taxes high and reduced the pur-
chasing power of the peoples toll.
Railroads, Express Companies, Tele.
graph and Telephone Lines.
We favor the efficient supervision
and rate regulations of railroads, ex-
press companies, telegraph and tele-
phone lines in Interstate commerce. |
To this end We recommend the val
uation of railroads, express compan-
les, 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 reproduc-
ton, and any element of valuation fair
and just.
We favor just legislation as will eff
] fectually prohibit the railroads, ex-
press, telegraph and telephone compa-
nies from engaging in business which
brings them into competition with
their shippers, also legislation pre-
venting the oyer-issue of stocks and
bonds by such corporations, and leg
islation which will assure such reduc-
ton in transportation rates as will
permit.
Banking Legislation.
We oppose the so-called Aldrich blll
or the establishment Of a central
bank; and we believe the people of the
country will be largely freed from
panics and consequent unemployment
and business depression by such a
! e,,o+ o,oot;o rovicioo of our hankino