The Prescott daily news., 1912-07-05
DEMOCRATIC PLATFORM

Baltimore, July 4.-The platform adopted is summarized as follows:
 Reaffirms party's devotion to the prin- ciples of Democratic government as for muated by Jefferson.
 Declares for a tariff for revenue only: denounces the high Republican tariff as the principal cause for the unequal dis tribution of wealth.
 Favors immediate downward revision of present duties, especially upon neces- saries of life. Also favors gradual reduc- tion so as not to interfere with or de- stroy legitimate industries. Denounces President Taft for vetoing tariff bills of last congress.
 Condemns Republican party flor fail ure to redeem its promises of 1908 for downward revision"
 Takes issue with the Republican plat form as to the high cost of living, con tending 1t Is largely due to high tariff laws.
 Favors vigorous enforcement of the criminal features of the antitrust law. Demands such additional legislation as may be necessary to crush private mo- nopoly. Favors prohibition of holding companies, interlocking directors, stock Condemns Republican administration for compromising with Standard oil company and tobacco trust"
 Denounces as usurpation the efforts of Republicans to deprive states of their rights and to enlarge powers of the fed eral government. "There is. says the no twilight zone between the nation and the state in which exploiting interests can take refuge from both"
 Wants Presidential Primaries
 Urges people to support proposed con- stitutional amendments pending in va rious state legislatures providing for an income 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 expenditures. attention is directed "to the enormous expenditures of money in behalf of the president and his predecessor in the re- cent presidential contest"
 Declares for presidential preference primaries; Directs national committee to provide for selection at primaries of members of national committed
 Pledges party to enactment of law pro- hibiting campaing contributions by cor porations. and unreasonable campaign Contributions by individuals.
 Favors single presidential term and making president Ineligible to reelection.
 Felicitates Democratic congress on its record, enumerating important achieve ments, and pledges an adequate navy.
 Denounces Republican administration on charge of eXtravagarce, and demands return to simplicity and economy befit- efficient supervision and rate regulation of railroads, express companies, tele- graph companies, telegraph and telephone lines, and a valuation of these companies by the interstate commerce commission. and also legislation against overissuance of stocks of these corporations.
 In connection with a demand for such a revision of the banking laws as will give temporary relief in case of financial dis tress there Is a denunciation of the Ald- rich bill prepared by the monetary com mission. The present method of deposit ing government funds is condemned. and the party is pledged to the enactment of law for the deposit of such funds by competitive bidding in state or national banks without discrimination as to local- ity.
 Recommends investigation of agricul- fl1rQ1 credit societies in Eur0np tO r. tain whether a system or rural credits may be devised suitable to conditions in the United State,
 Pledges party enactment of legisla-