The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1912-07-03

press companies. telegraph and tel,
phone lines engaged in interstat
commerce. To this end we recon
mend the valuation of railroads. @,
p'ess companies, telegraph and telS
Phone lines by the Interstate con
merce commission, such valuation t
lnke into consideration the physica
value OF the property. the orlgna
cost the cost of reproduction an,
any element of value that viii rende
the valuation fair and just.
We favor such legislation as vii
enectually prohibit the railroads, ex
press. telegraph and telephone com
4 'Panies from engaging in busines.
which brings them into competition
with their shippers; also Legislation
preventing the over issue of stocks
and bonds by interstate railroads, ex
press companies. telegraph and tele
phone lines and legislation which
viii assure such reduction in trans.
rortaton rates as conditions will per.
nit. care being taken 10 avoid re.
ductlon of wages. prevent adequate
service. or do injustice TO legitimate
investments.
Banking Legislation
we oppose the so-called Aldrich
bill or the establishment of a central
bank and we believe the people of
the country will be largely freed
from panics and consequent unem-
ployment and business depression by
such a systematic revision of our
banking laws as will render tempor-
airy relief in local cases where such
relief is needed with protection from
control or domination by what is
known as the money trust
Banks exist for the accommoda-
tlon of the public and not for the
control of business. All legislation on
the subject of banking and currency
should have for its purpose the secur-
ing of these accommodations on
terms of absolute security to the
public and of complete protection
from the misuse of the power that
wealth gives to those who possess it,
We condemn the present methods
of depositing government funds in
few favored banks. largely situated
In or controlled by Wall street in
return for political favors and we
pledge our party to provide by law
for their deposit by competitive
bidding of the banking institutions
Of the country. national and state
" ithout discrimination as to locality
upon approved securities and subject
10 call by the government
Rural Credits
OF equal Importance with the
question of currency reform is the
question of rural credits or agricul |,
ural finance. Therefore. we recon-
mend that an investigation of agri-
,ultural credit societies in foreign
'ountries he made so that il may he
iscertained whether system of
ural credits may be devised suitable
o conditions in the United States;
md we also favor legislation per
y ting national banks to loan reas-
nable proportion of their funds on
cal estate security.
We recognize the value Of voca
ional education and urge financial
appropriation for such training and !
Xtension teaching in agriculture in
cooperation with the several states. |,
Waterways /,
We renew the declaration in our |
asst platform relating TO the conserva- !,
ion of our natural resources and the !
evelopment of our waterways. The I
resent devastation of the lower
iississippi valley accentuates the {
lovement for the regulation of river q
ow by additional bank and levee a
rejection below, and the diversion, "
forage and control of the flood wat Il
~ nh ,,tt
or beneficial purposes in the recla =
'ation of arid and swamp lands and Il
le development of water power. in Il
tead of permitting the floods to con II
nue. as heretofore, agents of de-
ruction.
We hold that the control of the o
jssssippi river is a national prob q
m. The preservation of the depth OF s.
s water for the purpose Of naviga-
on. the building OF levees to main S.
in the integrity of its channel and q
10 prevention of the overflow Of t.
e land and its consequent dcstruc- II
on resulting in interruption of inter q
ate commerce the DISCRIMINATION Il
mail service and the enormous toss is
life and property impose an obliga- VI
on which alone can be discharged b.
/ the general government 81
To maintain an adequate depth OF I'll
ater the entire year and thereby az
icourage water transportation,
worthy of legislative is
tention and an issue national in "a
character. II calls for prompt ac- va
IN on the part OF congress and the &c
,mocratic party pledges itself to 81
o enactment of legislation leading w
that end. sa
We favor the adoption OF a liberal tl'
lited States and the respective la
ates in plans for the comprehen- Isl
,e treatment of all waterways with on
view of co-ordinating plans for di
annel improvement with plans for tn
ainage of swamp and overflowed
ads, and to this end we favor the m
by the federal govern lit
snt of sufficient funds to make sur IN
vs. of such lands to develop plans tn
draining such lands and to super tjc
,e the work of construction. les
w efayo rthe adoption of liberal ST
d comprehensive plan for the de- fol
lopment and improvement of our st'