The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1916-06-23

realize the achievements wrought by
four years Democratic administration
and be appraised of the policies to
which the party is committed for the
further conduct of national affairs.
RECORD OF ACHIEVEMENT
We endorse the administration of
Woodrow Wilson. 1t speaks for it.
self. 1t is the best exposition of
sound Democratic policy at home and
abroad.
We challenge comparison on our
record, our keeping of pledges and
our constructive legislation, with those
of any party at any time.
We found our country hampered by
special privileges, a vicious tariff, OBJ
solete banking laws and an inelastic
currency. Our foreign affairs were
dominated by commercial interests for
their selfish ends. The Republican
party, despite repeated pledges, was
impotent to correct abuses which it
had fostered. Under our administra-
ton, under leadership which has new
er faltered, these abuses have been
corrected and our people have been
freed therefrom.
FEDERAL RESERVE ACT
Our archaic banking and currncy
system, prolific of panic and disaster
under Republican administrations
long the refuge of the Money Trust
has been supplanted by the Federal
reserve act, true democracy of Gre
dit under Government control, already
proved a financial bulwark in world
crisis, mobilizing our resources, plac-
ing abundant credit at the disposal of
legitimate industry and making cur
rency panic impossible.
We have created Federal Trade
Commission to accommodate the per-
picking questions arising under the
antitrust laws, so that monopoly may
be strangled at it's birth and legitimate
industry encouraged. Fair competi-
ton in business is now assured.
We have effected an adjustment of
the tariff, adequate for revenue under
peace conditions, and fair to the con-
sumner and to the producer. We have
adjusted the burdens of taxation so
that swollen incomes bear their equit-
able shares. Our revenues have been
will largely exceed the expenditures
for the current fiscal year.
We have lifted human labor from
the category of commodities and have
secured to the workingman the right
of voluntary association for his pro-
lection and welfare. We have pro-
the unwarranted issuance Of writs OF
Injunction, and have guaranteed tc
him the right of trial by jury in cases
of alleged contempt committed out
side the presence of the court.
PARCEL POST SYSTEM
We have advanced the parcel posi-
to genuine efficiency, enlarged the
postal savings system, added 10000
rural delivery routes and extensions
thus reaching two and one-half mil
lions additional people; improved thu
service in every branch and, for thu
first time in our history, placed thu
postofIice system on a self-supportint
basis, with actual surplus in 1913
1914 and 1915.
ECONOMIC FREEDOM
The reforms which were most OBJ
viously needed to clear away priv
lege, prevent unfair discrimination
and release the energies of men o
all ranks and advantages, have bee
effected by recent legislation. W
must now remove, so far as possible
every remaining element OF unres
and uncertainty in the path of tn
business men of America, and secur
for them a continued period of quie
assured and confident prosperity.
TARIFF
We reaffirm our belief in the doc
trine of tariff for the purpose c
providing sufficient revenue for tn
operation of the Government econon
ically administered, and unreservedl
indorse the Underwood tariff law
truly exemplifying that doctrine.
We recognize that tariff rates al
necessarily subject to change
meet certain changing conditions
the worlds production and trade. II
events of the last two years hay
brought about many momentol
changes. In some respects their e
fects are yet conjectural and wait
be disclosed, particularly in regard
our foreign trade. Two years of
war which has directly involved mo
of the chief industrial nations of tt
world, and which has indirectly a
fected the life and industry of all n
tons, are bringing about econom
changes more varied and far reac
ing than the world has ever before e
perienced.
In order to ascertain just VIII
these changes may be. the Democra
ic Congress is providing for no
partisan tariff commission, to ma
impartial and thorough study of e
ery economic fact that may thrc
light either upon our past or up
our future fiscal policy, with rega
TO the imposition of taxes on import
or with regard to the changed a
changing conditions under which o
trade is carried on. We cordially
dorse this timely proposal, and Q
clare ourselves in sympathy with t
principle and purpose Of shaping lie
islation within that field in accordan
with clearly established facts, rath
than in accordance with demands
selfish interests, or upon informant
provided largely, if not exclusive
by them. 3r