The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-06-11
Wilson Blamed in
tocracy Is Observation-Disclosures Republican Congress Blocked
by Pedent-Peace lime Footing Demanded
Program Under Democrats Eqad Only Bunern
Peace

to give credit preference to osson-
tial industrials.
The federal reserve system should
be free from political influence
which IL quite as important as its
independence OF domination by III
nancial combinations.
THE HIGH COST OF LIVING
The prime cause of the "high cost
OF living" has been first and fore
most 90 per cent depreciation In
the purchasing power OF the dollar,
due to gross expansion OF our cur
rency and credit Reduced produce
tion. burdensome taxation, swollen
profits and the increased demand
for goods arising from n fictitious
but enlarged buying power have
been contributing causes In a great
er or less degree.
We condemn the unsound fiscal
policies OF the democratic admins
tration which have brought these
things to pass and their attempts to
impute the consequences to minor
and secondary causes. Much OF the
injury wrought is irreparable. There
Is no short way out, and we decline
to deceive the people with vain
promises Of quack remedies. But
as the political party that through
out its history has stood for honest
money and sound finance, we pledge
ouselves to earnest and consistent
attack upon high cost OF living by
rigorous avoidance OF further infla-
tion in our government borrowing, by
courageous and intelligent deflation
of over expanded credit and cur
rency. by encouragement OF height
ened production OF goods and serv-
ice by prevention of unreasonable
pofits, by exercise of public econ
omy and stimulation OF private
thrift and by revision of war i'm
posed taxes unsuited to peace-time
economy.
PROFTTEERING
We condemn tho democratic ad-
ministration for failure impartially
to enfoce the antipofitcering laws
enacted by the republican congress.
RAILROADS
we are opposed to government
ownership and operation or EN-
ployce operation OF the railroads In
view of the conditions prevailing I'm
the country, the expenditures OF the
last two years and the conclusions
which may be fairly drawn from an
observation of the transportation
systems Of other countries, 1t is
clear that adequate transportation
service both for the present and fu-
ture can be furnished more certain
ly, economically and efficiently
through private ownership and
operation under proper regulation
and control
There should be no speculative
profit in rendering the service OF
transportation, but in order to do
justice to the capital already In
vested in railway enterprise TO re-
store railway credit to induce future
investments at a reasonable rate
and to furnish enlarged facilities TO
meet the requirements OF the con-
stantly increasing development and
distribution fair return upon actu-
al value OF the railway property used
in transportation should be made
reasonably sure and at the same
time to provide constant employ
ment to those engaged in transpor-
tation service with fair hours and
favorable working conditions at
wages OF compensation at least equal
to those prevailing in similar lines
of industry.
We indorse the transportation act
of 1920 enacted by the republican
congress as most conservative
achievement.
WATERWAYS
We declare 1t to be our pol!ey to
encourage and develop water trans
portation service and facilities in
connection with the commerce of the
United States.
REGULATION OF INDUSTRY AND
COMMERCE
We approve in general the existing
federal legislation against monopoly
and combinations In restraint OF
trade. but since the known certainty
OF law is the safety OF all we ad-