Bisbee daily review., 1920-06-11

causes m a greater or less degree. We condemn the un- sound fiscal policies Of the Demo crdts which have brought the things to pass, and their attempts to inn pute the consequences to minor and secondary causes.
 Much of the injury wrought is ir- reparable. There is no short way out, and we decline 10 deceive the people with vain promises or quack remedies. But as the political party that throughout its history has stood for honest money and sound fiscal policies, We pledge ourselves 10 ear nest attack upon the high cost of living by rigorous avoidance of fur ther imitation in our government bor- rowing. by courageous and intelligent deflation Of over expanded credit and currency, bys announcement or heightened production of goods and services.
 Profiteerirs
 Prevention of unreasonable profits hy exercise of public economy and stimulation of private thrift and by revision of war imposed taxes un- suited to peace time economy.
 We condemn the Democratic ad- ministration for failure impartially to enforce the anti-profiteering laws enacted by the. Republican congress.
 Railroads
 We qre opposed to government own ership or employe operation Of the railroads. In view of the conditions prevailing in the country, the eXpen- ditures of the last two years and the conclusions which may be fairly drawn from an observation oI the transportation systems of other coun- tries. it is clear that adequate trans portation service. both for the pres ent and future, can be fuI nisned more certainly, economically and efficient " through private operation and ownership under proper regulation and control.
 profit in rendering the service of transportation; but in order to do justice to the capital already invest ed in railroad enterprises. to restc: o railroad credit, to induce future in vestments at a reasonble rate and to furnish enlarged facilities to meet the requirements Of the constantly in creasing development and .listribu- tion, a fair return upon actual value of the railway properties used in transportation should be made reas' Cnably sure and at the same time ,u provide constant employ menU 10 those engaged in transportation ser vice with fair hours and favorable working conditions at wages or com pcnsation at least equal 10 those pIe- yailing in similar lines Of industry.
 We endorse the transportation act of 1920 enacted by the Republican congress as most conservative leg islative achievement.
 Waterways
 We qeclaro il 10 be our policy jo encourage and develop water trans portation service and facilities in
  country.
 Regulation of Industry and Commerce
 We approve in general the existing federal legislation against monopoly and combinations in restraint O. trade but since the known certainty of law is the safety of all, We ad- vccate such amendment as will pro vide American business men with better means of determining in ac- vance whether d proposed cumbina- ton is or is not lawful. The federal trade commission, under a Demo cratic administration. has not accom- plished the purpose for which it was created. This commission properly organized and it's duties effectively administered. should afford protec- tion to the public and legitimate bus mess.
 We pledge the party to an immedi- ate resumption of trade relations with every nations with which we are at peace.
 International Trade and Tariff
 The uncertain and unsettled condi- tions of international balances; the abnormal economic and trade sitUa ton of the world; and the impossi- bility of forecasting accurately even the near future preclude the formu ation of a definite program to meet year hence. But the Re publican party reaffirms it's belief in 1 he protective principles and pledges ! itself to a revision of the tariff as soon as conditions should make It ! necessary for the preservation of the | nome market for American labor. in iustry and agriculture.
 Merchant Marine
 The national defense and our for ign commerce require merchant marine of the best type of modern hip flying the American flag. man led by American seamen, owned by T riyate capital and operated by private