Valdez daily prospector., 1912-07-16
DEMOCRATIC PLATFORM

Republican Extravaaanoe. We denOunce the proflIgate waste of the money wrung from the people by oppressive taxa jtion through the lavish appropri- ations of recent Republican con- gresses which have kept taxes high and reduced the purchasing power of the peop1e's toll. We de- mand a return to that simplicity and economy which befits a Dem ocratic government and a reduc- tion in the number of useless of fees, the salaries of which drain the substance of the people.
 Railroads, Express Companies,
 Telegraph and Telephone Lines.
 | We favor the efficient super vision and rate regulation of rail- road express companies, tele- graph and telephone lines engag- ed in interstate commerce. To this end we rccOmemnd the valuation of railroads, express companies, telegraph and telephone lines by the interstate commerce commits sion, such valuation tO take in to consideration the physical val ualion of the property, the orig inal cost, the cost of rcprOduc- lion and any element of value that Twill render inc valuation fair and IjuSt.
 We favor such legislation as Twill rnccIually prevent the rail- road, express, telegraph and irl"- phone companies from engaging in business which brings them in- [" competition with their ship prrs ur patrons, also legislation preventing the over issue of 4 stocks and bonds by interstate railroads, express companies, telegraph and telephone lines, and Legislation which will assure such reduction in transportation rate as conditions will permit, care being taken tO avoid reductions that would compel a reduction of wages, prevent adequate service or do injustice iO legitimate in- ) vrsimcnts.
 Banking Legislation. We oppose inc sO-callrd Ald- rich bill or the establishment of a central bank, and We believe our country will be largely freed from : panics and consequent uncmplny- mrni, and business depression by , such a systematic revision of our , banking laws as will render fem porary relief in localities where such relief is needed, With prOIcc-
 lion from control or domination by what is known as The money , trust.
 Banks exist for the arrOmmn- , dation of inc public and not for control of business. All legis- lation on the subject of banking and currency should have for it's purpose the securing of these ac- commodations on terms of abso- lute security tO the public and of complete protection from misuse of the power that wealth gives to those who possess it. We condemn the present meth ods of depositiing government funds in few favored banks, largely situated in or controlled by Wall street, largely in return for political favors, and we pledge our party to provide by law for their deposits by competitive bid ding in the banking institutions of the country, national and state. without discrimination as to To- cality, upon approved securities and subject to call by inc govern ment.
 Rural Credits.
 Of equal importance with the question of currency reform is the question of rural credits or agricultural finance. There fore we recommend that an inves- tigatiOn of agricultural credit sO- cieties in foreign countries be made, so that it may be ascer- tained whether a system of rural credits may be devised suitable to conditions in the United States and we also favor legislation per- mitting national banks to loan a reasonable proportion of their funds on real estate security. We recognize the value of vo-