The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-07-02

fun fiscal year after fighting stopped,
upon meeting current expenditures from
The nonpnrrisan federal reserve authori-
ties have been wholly free OF political in
reference motive. AS result OF these
sound policies, the inevitable war initiation
has-b held to minimum and the cost
Of living has been prevented from tncreas-
ing here in proportion to the increase in
other benigerent countries.
After a year and a half Of fighting and
despite another year and a hah OF Re
publican destruction at home the credit of
the government of the Emitted States stands
unimDaired and the federal reserve note is
the INIT OF value turnout all the world
We condemn the attempt of the Repubn-
can party TO deprive the American people
Of their Legitimate pride I'm financing the
in particular we eonflelRn the pernici0Iis
attempt of the Republican party TO create
of the government of III Tzaited States and
10 drag our public finaHce and our bank
ing and currency system back into the
arena Of party politics.
Tax Revision.
We condemn the failure of the present
congress TO respond to the oft repeated
dcmand Of the president and the secretaries
OF the treasury to revise the existing tax
laws The continuance in peace times of
taxes devised under imperative necessity
to produce revenue for war purposes is
indefensfbse. The ReDuhliean CONFESS per-
sistently failed, thru sheer cowardice to
make n single move toward a reimbursement
election and WINS afraid to revise before
the next election.
We advocate tax reform and searching
revision Of war revenue acts to Tit peace
con ditiOns.
we>l demand prompt action by the next
congress for n complete survey of exist
ing taxes and their rlodffication and
simpltfication
Public Economy.
The Republican party cannot show the
reduction of one dollar in taxation In con
he
legislation reducing taxes from eight bill
lion, designed to be raised, to six bill
tice. and to four billions thereafter; and
there the total is left undfrninished by our
political adversaries.
High Cost OF Living.
The high cost of living and the depre-
citation of bond values in this country are
primarily due TO war itself, to the neces-
sary government expenditures for pur-
poses Of war; to private eNtrava gance; to
the world shortage of capital; to the in
flation of foreign currencies and credits,
and: IN large degree, to profiteering.
the failure 10 restore peace and peace
conditions. 1t has denied the demand Of
deal With secondary and local causes.
The sound policies pursued By the treasury
and the federal reserve system have limited
IN this country. tho they could not prevent,
the imitation which was world wide.
Elected upon specific promises to cnrtail
public expenditures, the Republican party
more than year in vain and extravagant
Investigations, revealing nothing beyond
the 1Hcapacity OF Republican politicians
to cope with the problems.
The special congress spent thirteen
months in partisan pursuits, failing to re-
business, to initiate a single construc-
tive measure to help business. 1t busted
itself making reelection record OF pre-
tended thrift 1t ragged against profiteers
and the high cost of living without enact
ing single. statute to make the former
afraid or doing a single act to bring the
latter within limitations
The high cost of living can only be
renediet by increased production; strict
pursuit. OF those who take advantage of most
war conditions
We pledge the Democratic party to a
expenditures and to the enactment and en-
forcement OF such Legislation as may be
required to bring prOfIteers before the bar
OF criminal justice.
The Tariff.
We reaffirm the traditional policy of the
Democratic party in favor of q tariff for
basing tariff reyisions upon the intellirent
research of a nonpardSan commission.
rather than upon the demands of selfish
interests, temporarily held in allegiance.
Budget.
We faTer the creation of an effective
budget system that viii function in accord
with the principles OF the constitution. The
supervision and preparation OF the budget
should be vested in the secretary of the
treasury. The budget, as such, should not
be increased by the congress except by
two-thirds vote, each house, however. be-
ing free to exercise its constitutional
privilege of making appropriations thru
Independent bills.
A budget bin was passed by the Sixty
sixth congress which, fnvalidnted by plain
constitutional defects and defaced by con
siderations of patronage, the president
was obliged to veto The house amended
the bill to meet the executive objection.
We condemn the Republican senate S,r
orfI 4r1rr
measure.
Senate Rules.
We favor such alteration Of the rules
of the senate as viii permit the prompt
transaction of business.
Agricultural Interests.
1t was a Democratic congress in the ad-
,ministration OF a Democratic president
which enabled the farmers of America for
sonable terms and insured their Oppor-
tunity for the future development of the
nations agricultural resources
The federal farm loan system. originally
opposed by the, Republican candidates for
the presidency. appealed in vain to Il Re
publican congress for adequate financial
tween the beginning and the ending of
the current year, awaiting a final decision
contested act. We pledge prompt and CON
sistent support of sound and effective
measures TO sustain, amplify and perfect
the rural credits statutes and thus to
cheek and reduce the growth and course of
farm tenancy.
Not only did the, Democratic party put
into effect a great farm loan system Of
land mortgage banks but it passed the
Smith-Leyer agricultural extension act,
carrying to every farmer in every section
of the country. thru the medium of trained
experts and by demonstration farms, the
practical knowledge acquired by the fed
eral agricultural department in all things
relating to agriculture. horticulture and
animal life: it established the bureau of
markets. the bureau of farm management,
end In frrfrr f,a
grain grades bill, the cooperative farm
administration act and the federal ware
house act.
Meanwhile, the Republican leaders at
Washington have failed utterly to propose
one single mea sure to make rural life more
tolerable They have sTgnalized their fiji
teen months of congressional power by