The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1916-09-29


learning, all our state institutions, our
superb banking and insurance laws,
our public service and corporation
laws, and our numerous laws for the
protection of working men, all owe
their origin to the Democratic party
and are monuments to the splendid
patriotism, genius, courage and fidel-
ity of those who have for generations
carried the Democratic banner to vic
tory in Missouri.
Taxation.
In 1873 when the Democratic party
assumed control OF the states affairs,
bonded debt of $40, 000,0 was left
as a heritage Of Republican misgov-
eminent. A tax rate of 80 cents was
In effect. Wise and efficient Demo
cratic rule has wiped out this debt
and the state tax rate in Missouri Is
now Is cents on the 800, the lowest
tax rate in the United States. OF this
10 cents, one-third or cents, Is re-
turned for public schools, leaving only
10 cents to care for the entire re-
words--the citizen who owns property
valued at $4,000 assessed at 40 per
cent or $4,000, pays So per year for the
state support In SO out Of ia coun-
ties the total amount paid in by the
counties is returned to them by the
state. To be exact, these 90 counties
in 1915 paid into the state treasury
81 ,385,369 and received back
$2,144,043.S9, or net difference Of
S75S,674.15.
Now can any Republican state
show such record?
Our Future Duty.
The Democratic party is alive to the
| new industrial, commercial and eco
nomic conditions and must shape its
policies to meet them. We grasp their
solution not with fear and trembling,
but with confidence. 1t must never be
the policy of our party to become sat
urated with conceit and complacency,
we have perfect confidence that the
legislation which we propose will re-
suit in even better financial condl-
tions, and will also prepare the way
for greater development of the indus
tries Of the state.
State Finances.
All well governed business institu-
tons now have what is known as a
budget-that is, a systematic, scien-
tific method of estimating and appor-
| tioning their income and expenditure.
This plan should also be part Of all
modern systems of state and munich
pal government 1t simply substitutes
accuracy for haphazard guess work.
Under our constitution the ideal
budget system is impossible. The
legislature appropriates any amount
Is pleases without regard to its
receipts. But should l be Gov
ernor | would approach legal
budget system Just as nearly as
possible by submitting to the appro-
priation committee an estimate of re-
ceipts prepared by the state officials,
and indicating where the revenues
should be expended. The committee
could, of course, shift expenditures
from one source to another, but l
would tell them plainly that If the
amount was over-appropriated / would
veto all over appropriations. | shall
see that the people secure the maxi
mum amount of service for the mini.
mum expenditure shall organize
every department and institution OF
the state, over which the Governor
has control, on strictly modern, bust.
ness and efficiency lines.
Rural Credit System.
Agriculture is the base of the eco
nomic pyramid In the state of Mis-
souri,. This is primarily an agricul-
TOD e,,Ik - III
cultural development we have builded
splendid towns and cities in Missouri
where factories abound. / maintain
that the success of the manufacturing
industries of Missouri is largely de.
pendent upon the success Of the agrt
cultural districts of Missouri. would
have a closer relation between the
country and the city; between the
farmer and merchant.
notice my opponent, Judge Lamm
opposes state rural credit system
He says that he does not think
that the state of Missouri needs
any such system in any form. In this
Judge Lamm repudiates one of the
planks OF the platform adopted by the
Republican party at its state conven
ton held in Jefferson City in August
which declared in favor Of rural
credit system.
The facts are, my fellow citizens
Judge Lamm is in perfect harmony
: with the other leaders of his party II
opposing any remedial legislation II
the interest Of the farmers, and, JUS
, as the Republican leaders attempted
. to arouse the American people in op
, position to the federal reserve bank
ing act, SO is he attempting to arouse
the people Of Missouri against state
rural credit system; indeed, the lead
ers Of his party opposed the recently
, enacted federal farm loan act.
seems that Judge Lamfn, by inference
: at least, approves the federal farm
} loan act, and maintains that this bill
, Is adequate to render sufficient ait
!. to the farmers. This is one of hi
r specious reasons for opposing thu
. Gardner Land Bank bill. In so IA
. as he commends the federal farm LOAF
! act, which has placed the federal gov
r eminent behind plan of rural credit
/, to assist the 100000 farmers in tn
r United States, including 100000 ii
Missouri, he pays tribute to the Dem
= ocratic party which enacted it, an,
n ha 10 AGAIN Of Variance with his owl