The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-07-03

zona and New Mexico as two states.
It has required the publicity Of cam
paign expenses both before and after
election and fixed limit on the
election expenses OF United States
senators and representatives.
II has also passed bill TO prevent
the abuse OF the writ OF injunction
It has passed a law establishing
an eipht-hour day for workmen on all
national public work.
II has passed a resolution Which
forced the president to take immedl-
ate steps 10 abrogate the Russian
treaty.
And It has passed the great supply
bills which lessen waste and eXtrava-
gance and which reduce the annual
expenses OF the government by many
millions Of dollars.
We approve the measure reported
by the Democratic leaders In the
house Of representatives for the crea-
tion Of a council OF national defense
which will determine a definite naval
programme with a View to Increased
efficiency and economy The party
that proclaimed and has always en-
forced the Monroe doctrine and was
sponsor for the new navy will con-
tinue faithfully TO observe the consti-
tutional requirements to provide and
maintain an adequate and well-pro-
portioned navy sufficient to defend
American policies, protect our citizens
and uphold The honor and dignity Oh
the nation.
Republican Extravaganza.
We denounce the prchigate waste
of the money wrung from the people
by oppressive taxation through the
lavish appropriations of recent Re-
publican congresses, which have kept
taxes high and reduced the purchas-
ing power OF the peoples toll. We
demand a return to that simplicity
and economy which beits a demo-
cratic government and a reduction in
the number Of useless offices. the sal
aries of which drain the substance OF
the people.
The Railroads, Express Com
panies, Telephone and Tele-
graph Companies.
we IaNOr the etHclent supervision
and rate regulation of railroads, ex-
press companies, telegraph and tele-
phone lines engaged In Interstate
commerce. To this end we recon-
mend the valuation of railroads. cx-
press company. telegraph and tele-
phone lines by the interstate COM
merce commission, such valuation to
take Into consideration 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
effectuaIly prohibit the railroads, en-
press. telegraph and telephone COM
panies from engaging In business
which brings them into competition
with the shippers or patrons. also
legislation providing against the
overlssue OF stocks and bonds by
Interstate railroads, express COM
panies, telegraph and telephone
lines. and legislation which will
assure such reduction In transpor-
tation rates as conditions will
permit, care being taken TO avoid
tion OF wages, prevent adequate serv-
ice or do injustice TO legitimate In
yestments.
Banking Legislation.
We oppose the so-called Aldrich bill
or the establishment of a central
bank and we believe that the people
of the country will be largely freed
from panics and consequent uncm-
Dloyment and business depression by
such systematic revision OF our
banking laws as will render temporary
relief in localities where such relief
is needed. with protection from con-
troll or domination by what Is known
as the money trust.
Banks exist for the accommodation
OF the public and not for the control
OF business. All legislation on the
subject OF banking and currency
should have for it's purpose the Sc
curing OF these accommodations on
terms of absolute security to the pub
lie and OF complete protection from
the misuse Of the power that wealth
gives to these who possess Il.
We condemn the present methods
OF deposlting government funds In a
few favored banks. largely situated in
or controlled by Wall street in re-
turn for political favors. and VIC
pledge our party TO provide by law
for their deposit by competitive bid
ding In the banking institutions OF
tho country, national and state. with
out discrimination as to locality upon
approved securities and subject to call
by the government.
Rural Credits.
or equal Importance with the qucs-
ton OF currency reform Is the Ques-
ton OF rural credits or agricultural
finance Therefore We recommend
that an investigation OF agricultural
societies in foreign countries be
made. so that II may be ascertalned
whether n system OF rural credits
| may be discovered suitable to condi-
tlons In the United States: and we
also favor legislation permitting ma
! tional banks TO loan reasonable
proportion OF their funds on real es
| tate security.
Education,
! We recognize the value OF educa-