Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-06-11

so administered as to facilitate the
acquisition Of farm land by those de-
claring to become owners and pro-
prietors, and thus minimize the evils
of farm tenantry, and to furnish such
long time credit as farmers may need
to finance adequately their larger
and long time production operations.
Reduction in Tax.
Moreover, the whole fiscal policy of
the government must be deeply in
fluencedN by the necessity OF meeting
obligations in excess of $5,O00,0O0,O OO
which mature in 1928. But sound
policy equally demands the early ac-
complishment of that real reduction
of the tax burden which may be
achieved by substituting simple for
complex Jaws and procedure. prompt
and certain determination of the tax
liability for delay and uncertainty,
tax laws which do not for tax laws
which do excessively mulct the con-
sumer or needlessly repress enter
prise and thrift.
We advocate the issuance of q
sitnplified form Of income return: :
authorizing the treasury department
to make changes in regulations eff
fective only from the date of their
approval; empowering the commits
sioner Of internal revenue, with the
consent Of the taxpayer, to make
final and conclusive settlements OF
tax claims and assessments, barring
board consisting Of at least three re-
presentatives Of the taxpayins pub
lie and the heads of the principal
divisions of the bureau Of internal
revenue to act as standing COM
mittee on the simplifieation OF forms,
procedure and law, and to make re-
Communications to the congress.
Tho High Cost OF Living.
The prime cause OF the high cost
Of living" has been, first and fore
most SO per cent depreciation in
the purchasing power Of the dollar.
due to gross expansion OF our cur
rency and credit. Reduced. produc-
tion,l burdensome taxation, swollen
profits, and the increased demand for
goods arising from q fictitious but en-
larged buying power have been con-
tributing causes to q greater or less
degree.
We condemn the unsound poll
cies OF the democratic administration
which have brought these things to
pass. and their attempts to impute
the consequences to minor and
secondary causes. Much OF tho In
Jury wrought is irreparable.. There
10 no short way out and we decline
to deceive the people with vain
promises or quack remedies.
But as the political party that
thruout Its history has stood for
honest money and sound finance, we
pledge ourselves to earnest and con-
sistent attack upon the high cost OF
living by rigorous avoidance OF fur
Their imitation in our government bor-
rowing, by courageous and intelli-
gent defiation Of overexpanded credi.
and currency. by announcement Of
heightened production Of goods land
services. by prevention Of unreason-
able profits, by exercise Of public
economy and stimulation OF private
thrift. ana by revision Of war I'm
posed taxes unsuited to peace time
economy.
PROTECTING.
We condemn the democratic adj
intimidation Tor failure impartially Il
ensorcal the ant -proateering laws
enacted ~ the republican congress. 4
Railroads.
We are opposed to government
ownernhip and operation or employe
operation Of the railroads. In view
Of the conditions prevailing In thie
country, the experience OF the las,
two years, and the conclusions which
may fairly be drawn from an obser-
walton Of the transportation systems
Of other countries, lie IL clear that ade.
Quate transportation serviee both FOL
the present and future can be fur
nishsd moro certainly. economically
and efficiently thru private owner
ship and operation under proper
regulation and control.
International Trade and TarIH.
The uncertain and unsettled conl
ditions OF international balances, the
abnormal economic and trade situa-
ton OF the world. and the tnpos-
sibility OF forecaating accurately
even the near future. preclude the
formulation OF q defnite program &c
meet conditions a yoar hence. But
the republican party reafnl1ns its be-
lief In the protective principle and
pledges itself to q revision of the
tariff ~ soon AZ the conditions
shall make It necessary for the
preservation Of the home market for
American labor agriculture, and IN
dustry.
Merchant Marine.
The national defense and our for
eign commerce require / merchant
marine Of the best type OF modern
ship flying the American nag and
manned by American seamen, owned
by private capital. and operated 10y
private energy.
We endorse the sound legislation
recently enacted by the republican
congress that will lnsure the promo
ton and maintenance Of the Ameri-
can merchant marine.
We favor the application of the
workmen's compensation acts to the
merchant marine.
We recommend that all ships an
gagged In coastwise trade and all ves-
sells OF the American merchant ma
rine shall pass thru the Panama
canal without premium Of tolls.
immigration.
The standard Of living and the
standard Of citizenship OF . nation
arc its most precious possessions,
and the preservation and elevation
Of those standards Is the hrst duty
Of our government.
The immigration policy OF the
United States should be such az to
insure that the number Of foreigners