Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1912-07-05

Monroe Doctrine, and was sponsor for
the new navy, will continue faithfully
to observe the constitutional require
ments to provide and maintain an
adequate and we'll proportioned navy
sufficient to defend American policies,
protect our citizens and uphold the
honor and dignity Of the nation.
Republican Extravaganee.
We denounce the prof1igate waste Of
the money wrung from the people by
oppressive taxation through the Law
ish appropriations Of recent Republi-
can congresses, which have kept taxes
high, and reduced the purchasing pow
er Of the peoples toll. We demand a
return to that simplicity and economy
which BELTS a Democratic government
and q reduction in the number Of
useless Offices, the salaries Of which
drain the substance Of the people.
Railroads, Express Companies, Teie.
graph and Telephone Lines.
We favor the efficient supervision
and rate regulation Of railroads, ex-
press companies, telegraph and tele-
phone lines engaged in interstate COM
merce. To this end we recommend the
valuation Of railroads, express COM
panies, telegraph and telephone lines
by the interstate commerce commits
sion, such valuation to take into con-
sideration the physical value Of the
property, the original cost, the cost Of
reproduction, and any element Of
value that will render the valuation
fair and just.
We favor such legislation as will
effectually prohibit the railroads, ex-
press, telegraph and telephone conpan-
les from engaging in business which
brings them into competition with
their shippers or patrons; also legis-
lation preventing the over-issue Of
stocks and bonds by interstate rail-
roads, express companies, telegraph
and telephone lines, and legislation
which will assure such reductions in
transportation rates as conditions will
permit, care being taken to avoid re-
duction that would compel a reduc-
ton Of wages, prevent adequate serv-
Ice, or do injustice to legitimate in
vestments.
Banking Legislation.
We oppose the So called Aldrich bill
or the establishment Of central bank
and we believe the people Of the coun-
try will be largely freed from panics
and consequent unemployment and
business depression by such SYM
pathetic revision of our banking laws
as will render temporary relief In To-
calities where such relief is needed
with protection from control or do
minion by what is known as the mon
ey trust.
Banks exist for the accommodation
of the public and not for the control
of business. All legislation on the sub
ject of banking and currency should
have for it's purpose the securing Of
these accommodations on terms Of alb
solute 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 de-
posit by competitive bidding in the
national and state, without discrimi-
nation as to locality upon approved
securities and subject to call by the
government.
Rural Credits.
OF equal Importance with the ques-
ton of currency reform Is the ques-
ton Of rural credits or agricultural A.
nance. Therefore we recommend that
an investigation of agricultural cred
it societies in foreign countries be
made, so that 1t may be ascertained
whether a system of rural credits may
be devised suitable to conditions in
the United States; and we also favor
legislation permitting national banks
to loan a reasonable proportion Of
their funds on real estate security.
We recognize the value Of vocation
al education and urge Federal appro-
priations for such training and extern
sive teaching in agriculture in Coop
Grafton with the several states.
Waterways.
We renew the declaration In our
last platform relating to the conser-
walton Of our natural resources and
the development of our waterways.
The present devastation Of the lower
Mississippi valley accentuates the
movement for the regulation Of river
flow by additional bank and levee pro-
lection below and the diversion, stor-
age and control Of the flood waters
above and the utilization for the ben
eficial purposes in the reclamation of
arid and swamp lands and the devel-
opment of waterpower instead Of per-
mitting the floods to continue, as here
tofore, agents Of destruction.
We hold that the control of the Mis-
| sissippi river is a national problem.
The preservation Of the depth of its
| water for the purpose of navigation,
| the building of levees to maintain the
integrity of it's channel, and the pre-
vention of the overflow of the land
and it's consequent devastation. result
ing in the interruption Of interstate
commerce, the disorganization of the
mail service and the enormous loss OF
| life and property impose an obliga-
tion, which alone can be discharged by
the general government.
To maintain an adequate depth OF
water the entire year and : en-
courage water transportation Is a con-
summation worthy of legislative at
tention and presents an issue national
in its character. 1t calls for prompt
action on the part of congress, and
the Democratic party pledges itself
to the enactment of legislation leading
to that end.
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