Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1912-03-14
Progressive. Candidate for
President Takes Slap at COL
onel in Announcement of His
Platform,
WISCONSIN SENATOR is
FOR POPULAR POLICIES
an Unexpected Public Statement
Issued at Madison, He Out
lines in Detail His Political
Creed,


my Morning Journal special Leased Wire |
Madison, Wis, March l3.--The
political creed of Robert NJ La Fol
lette was given out here this after
noon, declaring his belief in the in.
itiative, referendum. recall direct
nominations and government owner :
ship and operation of express COM
panies and his opposition to a ship
subsidy. the Aldrich currency plan
and Canadian reciprocity. In his
platform. the senator says:
Il believe In the initiative. refer
endum, recall, direct nominations, not
only as applied to states. but also In
the extension OF these principles -
the nation as a whole.
THE equalization of the burdens OF
taxation on property basis, through
the adoption of graduated income and
inheritance taxes.
The parcels post.
Government ownership and gov
eminent operation of express bust
ness at actual cost to the public.
The reasonable valuation OF the
physical property OF railroads justly
inventoried and determined. as the
basis for fixing rates and the extern
sion of the powers and the admin
istrative control of the interstate cont
merce commission.
II would have the nation know how
much of Tho $4,000, 900. 900 capital
cation was contributed by those who
own the railroads and how much oy
the people themselves
II believe in the creation OF n COM
mission with power 20 investigate AMI
ascertain the Illegal acts of all trusts
and combinations, and with power to
ascertain the reasonable valuation.
not the monopoly valuation--of the
properties of the great
beginning with the
natural resources. such as coal, oil
and iron; In the creation of a tariff
of experts, clothed with
real power to determine the valua-
ton of all the elements of production
costs and profits. the reduction OF
tariff rates to the ascertained differ
ence between the labor In this coun-
Try and abroad.
II am opposed to ship subsidies,
which. once entrenched will become
another corrupting influence in our
politics.
ITO further extravaganza on the
idvice of interested persons only, In
battleships and political navs
ards, and for on unprejudiced COM
mission 10 investigate and report what
$ required In the way of national de-
ense.
ITO the dollar diplomacy. which
ias reduced our state department
rom its high place ns a kindly inter
nediary of defenseless nations into n |
rading output for Wall street inter
SITS. aiming to exploit those who |
hould be our friends.
ITO the Aldrich currency scheme. |
TO the Canadian reciprocity agree
nent"
Accompanying his platform. Sena
or la Toilette makes the statement: |
when Roosevelt became president
he total amount of the stock and |
'ond issues of all combinations and |
rusts. including the railways then In
was only $3.50. .000. 900.
When he turned the country over 60
aft. whom he had selected as his
uccessor. the total capitalization Of
he trusts and combinations amount
d to the enormous sum of s31.671.-
90. 1000, more than 20 per cent Of
1hich was water. Prices were pu.
q on transportation and on the pro-
ucts of the mines and factories TO
ay interest and dividends on this
fraudulent capitalization"