Columbus daily courier., 1920-07-09
PLATFORM
Of fhe
DEMOCRAT PARTY


achievement unsurpassed In The his.
az lhe r.o,,hnc For ff,v v..r. A..
~. an. '.s...'.,, :, ,... s,...,.,,.,...
'''' '''o -uF'"' ~ s"'' n''n'nlFoA'
lion periodical convulsions had m
peeled 'he innuslfial pfu1ress pi the
American people and caused lnesii.
mahle loss and distress. ne lhc m.
act.,.n, ~ ,h. ,.,,.,., r...,,,.. -,
49, ~, -...,'... .',...,. -.
'"o ~" 'f''e,"' N"''" n'ee pHi''.'
was replaced ~ new uysicm which
insured confidence. n was M H.
dispensahle factor IN winning the
war. and today u Is the hope and
inspiration of business. Indeed, one
vital danger against which the Amer.
lean people should kucp constantly
on guard ls the commitment Of this
system 10 partisan enemies who
struggled against It's adoption and
Vainly attempted 10 retain IN tho
hands Of speculative bankers a mo.
nopoly Of the currency and credits
Of the nation. ALREADY there are
well defined Indications OF an ~.
sauli upon the vital principles OF
the system In the event Of nepuh.
lican success IN the elections M
November.
Un,icr Democratic leadership the
American people successfulty
financed their suupcndous part IN
the greatest war Of all times. The
treasury wisely insisted during the
war upon meeting On adequate Dor.
tion of the war expenditure from
current taxes and the bulk uf the
balance from popular loans, end.
during the first full fiscal year after
fighting stopped. upon meeting cur.
ennt expenses from current receipts
nothwiihslanding the new and un.
necessary burdens thrown upon the
treasury by the delay, obstruction
and cxlravagance Of a Republican
Conrrcss.
The nonpartisan federal reserve
authorities have been wholly free
of political interference or motive;
and. In their own time and their
own way have used courngeously.
though cautiously. the Instruments
az their disposal 10 prevent undue
expansion Of credit In the country.
A. a result Of these sound treasury
and federal reserve policies. the u.
evilablc war initiation has been held
down 10 a minimum. and the cost
Of living has bech prevented from
increasing here in proportion 10 the
increase In other belligercnt cuun
tries and In neutral countries which
are In close contact with the worlds
commerce and exchanges.
After a year and half Of fight.
n's ~ r.urupe, snu uespl's ano'her
soal elu hall VI h'pupnoAh Cd
s.ruut'ull =. hui"s; 'he creui' oi lhe
,',', e.s',l'',''n. " tie Vh'see S,ales
s'elluS ul,'l'paireu' 'he ieueral re-
.INc no'. the UNI, pi value
nIoushon. ali iiie wor'u ahd INC
sl,,.', oni.',u e.a,,s az, - ,ae on grea'
,', ."u'''Is ~ w, Nor.l "h'ch mann
am +" ~ sol" niarAse
w ,,DDu ,s"1i"''',' u'e a''enhpt ol ,he
,'opun'i'ah pa,N 70 u'prNo wv
u.',l, al,lsr'san people ol 'helr 'esi'lmae
lr'uc ~ I've ilnansins ol the war
~, ah si asnleNsneni whhout parallel IN
w ., l'nancln hi.'ory Oh 'lis OF any
oller country ~ ihls or any otiier
Maf-enu " particular We condemn
.hs perhiclous auempt OF 'he ne
pupuean pa,ly 20 erea.e niseontehl
a''lohs' ' .ile ho'uers oi Donus OF ihe
suNsrIln'en1 oi .he United STATES ana
20 urag OUT pui'llc finance ana our
nahkins anu currency system back
ll'" .ne ur'na oi party poil'les'
Tax Revision.
We condemn the failure Of the
present Congress 10 respond 10 the
Oft repeated demand OF the Presi.
dent and the secretaries Of the treas.
ury 10 revise the existing tax laws.
The continuance in force in peace
unies oi taxes devised under pres
s%ure % " lhnlfra'iVe hecerri'y " pro
u"c' 's.chue ior war purposes ls