The Washington herald., 1912-07-03
Tariff Prominent
in New Platform
Cost of Living, Trusts, Primaries, Interstate Cor
porations, Banks, Parcel Post, Rural Credits,
and Post Roads Also Treated.

however chosen, shall begin immediate
ly upon the receipt Of their credentials,
respectively.
TERN OF PRESIDENT.
I'VE favor a single Presidential term,
and 10 that end urge the adoption Of an
amendment to the Constitution making
the President OF the United States in
eligible 20 reelection. and We pledge the
candidate OF this convention to this prin-
ciple.
RAILROAD. EXPRESS CoMPA-
MES, TELEGRAPH AND TELE-
PHONE LINES.
We favor the eficient supervision and
rate regulation OF railroads, express COM
panies, telegraph. and telephone lines
engaged in interstate commerce. To this
end we recommend the valuation OF rail-
roads, express companies, telephone. and
telegraph 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 Just
We favor such legislation as will ef-
fectually prohibit the railroads. express,
telegraph, and telephone companies from
engaging In business which brings them
into competition with their shippers or
patrons; also legislation preventing the
state railroads. express companies, tele-
phone. and telegraph lines. and legislation
which will assure such reduction In trans
poTtation rate as conditions win permit
Scare being taken TO avoid reduction that
would compel a reduction Of wages. pre-
vent adequate service, or do injury to
legitimate investments
BANKING LEGISLATION.
We oppose the so-called Aldrich bill
-
bank, and We believe the people OF the
country will be largely freed from
panlcs and consequent unemployment
or business depression by such a sys-
tematic revision of our banking laws
as will render temporary relief In To-
calities where such relief is needed
with protection from control or dom
nance by what is known as the money
trust.
Banks exist for accommodation of
the public not for the control Of bust
ness. All legislation on the subject of
banking and currency should have for
its purpose the securing OF these ac-
commodatiOns on terms OF absolute
equality to the public and OF complete
protection from the misuse OF power
that wealth gives to those who possess
It.
We condemn the present methods
OF OepOsltlng government FUNDS IN
few favored banks. largely situated IN
or controlled by Wall street. in return
for political favors: we pledge our
party to provide by law for their de-
pOsit by competitive bidding in the
banking institutions OF the country,
national and State. without discrim-
ination as to locality. upon approved
securities and subject to call by the
government.
PARCEL POST AND RURAL DE-
LIVERY.
We favor the establishment Of
parcel post or postal express and also
the extension OF the rural delivery sys-
tenn as far as practicable.
RULE OF THE PEOPLE.
I'VE call attention to the fact that
the Democratic partys demand for a re-
turn to the rule OF the people expressed
IN the national platform four years ago
has now become the accepted doctrine Of
q large majority OF the electors We
again remind the country that only by
a larger exercise OF the reserve power
OF the people can they protect themselves
from the misuse Of delegated power and