The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1912-07-01
Document Covers Every Subject
Of importance Now Be-
fore the Country.
TARIFF REVISION DOWNWARD
Immediate Reduction Demanded,
Especially on The NeCes-
SaTleS OF Life.

Baltimore, July The following
is a summary of the Democratic plat
form as completed by the committee
on resolutions:
Reaffirms party's devotion to the
principles of Democratic government
as formulated by Jefferson.
Declares for tariff for revenue
only; denounces the high Republican
tariff as the principal cause OF the un.
equal distribution of wealth.
Fayors immediate downward re
vision of present duties, especially
upon necessaries of life. Also fsvors
gradual reduction so as not to inter
fere with or destroy legitimate indus.
tries Denounces President Taft for
vetoing tariff bgls of last congress,
Condemns Republican party 'for fail
ure To redeem its promises of 1908
for downward revision"
Takes issue with the Republican
platform as To the high cost of living,
contending II is largely due to high
tariff laws.
Favors vigorous enforcement of the
criminal textures of the antitrust law
Demands such additional legislation
as may be necessary to crush private
monopoly. Fayors prohibition OF hold
ing companies, interlooking directors
stock watering. etc.
s.S.
ton for compromising with Standard
OIL company and tobacco trust"
Denounces as "usurpation" the eff
forts of Republicans to deprive states
of their rights and TO enlarge powers
OF the federal government. There is.
between the nation and the state in
which exploiting interests can take
refuge from both"
Approves income Tax.
Urges support of proposed constitu
tional amendments pending in various
state legislatures, providing for an in
come tax and election of United States
senators by direct vote of the people
AS Justification OF the demands of the
party for publicity of campaign ex
penditures attention is directed ito the
enormous expenditures of money in
behalf OF the president and his pre-
decessor i'm the recent presidential
contest"
Declares for presidential preference
primaries Directs national commit
tee to provide for selection at prima
ries OF members of national commit
tee.
Pledges party to enactment of Law
prohibiting campaign contributions by
corporations and unreasonable cam
paign contributions by individuals.
Favors single presidential term and
making president ineligible to re-elec
tion.
Felicitates Democratic congress o.
its record, enumerating Important
achievements, and pledges an ade
quate navy.
Denounces Republican administra
tion on charge of extravaganza and
demands return to simplicity and
economy befitting a Democratic gov
srnment.
Efficient Rate Regulation.
Favors efficient supervision and rate
regulation of railroads, express com
panies, telegraph and telephone lines
and a valuation of these companies b.
the interstate commerce commission
and also legislation against overissu
ance of stocks of these corporations.
In connection with a demand fol-
,uch q revision of the banking laws al
will give temporary relief in case o.
financial distress there is denuncia
ton of the Aldrieh bill prepared by
he monetary commission. The pres
Mt method of depositing government
nds is condemned and the party /.
sdged TO the enactment of law fol
ne deposit of such funds by competi
live bidding in state or national bank:
Without discrimination as to locality
Recommends an investigation O
agricultural credit societies in Europt
! 70 ascertain whether a system OF rura
credits may be devised suitable to con
ditions In the United States.
Pledges party to enactment OF legis
lation to prevent devastation of lowel
Mississippi valley by floods and th'
control of the Mississippi is declared
to be national rather than a state
problem. The maintenance of navi
gable channe. also Is recommended
Fayors national aid regarding pos
roads.