The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-07-03

country. it has endeavored to revise
the tariff taxes downward in the In
terest OF the consuming masses. and
thus to reduce the high cost OF Nv
ing
1t has proposed an amendment to the
election of United States Senators by
the direct vote of the people.
1t has secured the admission of Ari-
iona and New Mexico two sovereign
States.
1t has required the publicity of cam
! palgn expenses both before and after
election and fixed limit upon the cleo
ton expenses OF United States Senator's
and Representatives.
1t has also passed bill to prevent
the abuse OF the writ OF Injunction
1t has passed 4 law establishing an
eight-hour day for workmen on ali ma.
iional public work.
1t has passed q resolution which
forced the President to take Immediate
steps TO abrosate 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 creation OF
4 council OF national defense which
viii determine a definite naval pro-
gram with a view to Increased eth.
cheney and economy. TIE party that
proclaimed and has always enforced
the Monroe Doctrine and was sponsor
for the new navy. will continue faith
fully TO observe the constitutional re.
quirements TO provide and maintain an
adequate and We'll proportional navy.
sufficient TO defend American policies.
protect our citizens and uphold the
honor ana dignity of the nation
Republican ENtrnynsunce.
We denounce the profligate waste
Of the money wrung from the people
by the oppressive taxation through the
lavish appropriations OF recent Repub-
lican Congresses, which have kept
taxes nigh, and reduced the purchas-
ing power Of the peoples toll. We
demand return to that simplicity
and economy which behts a Demo
cratic government. and reduction
in the number OF useless Offices. the
salaries OF which drain the substance
of the people.
Railroads, Express Companies. H.'cie-
graph and Telephone Lines.
We favor the efficient supervision
and rate regulation of railroads, eX-
press companies. telegraph and tcle-
phone lines engaged in interstate COM
mercc To this end We recommend the
valuation of railroads. express COM
panies. telegraph and telephone lines
BY the Interstate Commerce Commits
sion, such valuation 10 take into con-
sideration the physical value of tho
property. the original cost. the cost OF
reproduction. and any element of value
that VIII render the valuation fair and
Just.
we favor such legislation as will ef-
fectually prohibit the railroads. ex-
press telegraph and telephone COM
panies from engaging in business
which brinss them into competition
with their shippers. or patrons; also
Legislation preventing the overissue OF
stocks and bonds by Interstate rail-
roads. express companies, telegraph
and telephone Ines and legislation
which VIII assure such reductions In
transportation rates as conditions will
permit. care being taken. to avoid re-
ductIon that would compel roduc-
tion OF vases. prevent adequate SER
vice. or do injustice to legitimate I'M
vestments
Banking Legislation.
We oppose the so-called .Adrich bul
or the establishment of central
bank. and we believe The people OF
the country VIII be largely freed
from paaics and consequent unemploy-
ment and business depression b. such
a systematic revision of our banking
laws - viii render temporary relief
in localities where such relief is need
ed, with protection from control or
dominion by what is known as tho
money trust.
Banks exist for the accommodation
of the public and not for the control
OF business. All legislation on tho
subject OF banking and currency
should have for its purpose tho Sc
curing OF these accommodations on
terms OF absolute security TO the pub
lie and of complete rejection from the
misuse OF the power that wealth gives
to those who possess It.
We condemn the resent methods OF
doposit!ns government funds In a few
favored banks. largely situated in or
controlled By Wall street. In return
for political iavors and we pledge our
party to provide BY law for their de-
post by competitive bidding in the
banking institutions of the country.
national and state, without discrimi-
nation as to locality upon approved
securities and subject TO call by tho
government.
Rural Credits.
or equal Importance With the aues-
ton of currency reform Is the cues
tion OF rural credits or agricultural
finance. Therefore we recommend that
an INVESTIGATION of agricultural credit
societies in foreign countries be made
SO that u may &c ascertained whether
system or .ural credits may be de.
] vised suitable to conditions in tho
United states. and we also favor Iegis-
lation permitting national banks To
loan reasonable proportion OF their
funds on real estate security.
We recognize the value of voca-
uonal education and urge Federal ap-
preparations for such training and
extensive teaching IN agriculture in
operation with the several States
Waterways.
We renew the declaration in cur
last platform relating 10 the conser-
walton OF our natural resources and thu
development of our Waterways Tho
present devastation OF the lower Mis-
sissppi Valley aceeutuntes the move
ment for the regulation OF river flow
by additional bank and levee protec-
tion below the diversion storage and
control Of the flood waters above and the
utilization for the beneficial purposes
! In lhe reclamation OF arid and swamp