Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1920-07-08
the demands of selfish interests, tenn
porarily held in allegiance.
budget.

an the interest of economy and
good administration we favor the crea-
ton of an effective budget system that
will function in accord with the prin-
ciples of the constitution. The re-
form should reach both the executive
and legislative aspects OF the ques-
ton. The supervision and prepafa-
ton of the budget should be vested IN
the secretary of the Treasury as the
representative of the President. The
budget as such, should not be in
creased by the Congress except by a
two-thirds vote, each house, however,
being free to exercise it's constitution
al privilege of making appropriations
through independent bills. The APP
Precipitation bills. should be considered
by single committees of the House
and Senate. The audit system should
be consolidated and it's powers expand
ed SO as to pass upon the wisdom of
as well as the authority for expendl-
lures.
"a budget bill was passed in the
closing days of the second session OF
the sixty-sixth Congress which, invali-
dated by the plain constitutional de-
feets and defaced by considerations OF
patronage, the President was Obliged
to veto. The House amended the bill
to meet the executives objection. We
condemn the Republican Senate for
adjourning without passing the
amended measure, when by devotlng
an hour or two more to this urgent
public business budget system could
have been provided:
"Senate- Rules:
1--WE favor such alteration of the
rules. of procedure of the Senate of
the United States as will permit the
prompt transaction of the nations
Legislative business.
agricultural interests:
"To the great agricultural interests
| of the country the Democratic party
does not find it necessary to make
promises. 1t already is rich in it's re-
cord Of things actually accomplished.
For nearly half century of Republi-
can rule, not sentence was written
Into the federal statutes affording one
dollar of bank credits to the farming
interests Of Ame1ica. In the first term
lof this Democratic administration the
National Bank Act was so altered az
!. to. authorize loans of five years ma
1turity on improved farm lands. Later
was established system of farm loan
banks, from which the borrowings al
ready exceeded 300OO0,O00 dollars and
under which the interest rate to farm
ers has been so materially reduced as
to drive out Of business the farm han
sharks who formerly subsisted by ex-
/ tortion upon the great agricultural in
Iterests of the country.
"Thus it was Democratic Congress
lin the administration of Democratic
,president which enabled the farmers
4 Of America for the first time to obtain
lcredit upon reasonable terms and in
a|sured their opportunity fer the future
development Of the nations agricul-
tturaf resources. Tied up in Supreme
lCourt proceedings. in suit by hostile
Interests, the Federal Farm Loan sys-
Item, originally opposed by the Repub.
s|iican candidate for the presidency. ap
pealed in vain to q Republican Cong
atress for adequate financial assistance
to tide over the interim between the
beginning and the ending of the cur
rent year, awaiting a final decision Of
the highest court on the validity Of
1.-THE contested act. We pledge prompt
and consistent support of sound ant
defective measures to sustain, amplify
land perfect the rural credits statu-
ties and thus to check and reduce tht
growth and course of farm tendency.
4 .Not only did the Democratic party