The New York herald., 1922-10-26
Manifesto Declares PrinciJ
pies Alternative to Reac-
ton and Revolution,
PEACE TREATY REVISION
For Free Straits, Independent
Egypt and Self-Govern-
ing India.

LONDON, Oct. rs ASSOCIATED Press) -
A manifesto of the Labor party advo-
Gates removal of the burden of the ma
fional debt through the creation of a
"war debt redemption fund by spe-
cial graduated levy on fortunes exceed
ing $4,000. The taxation Of land values
is advocated.
It further declares for revision OF
the peace treaty and German repara-
tions, for an international conference
to arrange the freedom of the straits,
for independence in Egypt and self
government in India.
The manifesto says labor will not
penalize thrift. but will require some
restitution from the profiteers out OF
the huge fortunes made in the war.
The party declares itself against
revolution and says "Labor's program
is the best bulwark against violent
upheaval and class war"
BuIwark Against Revolution.
The manifesto concludes "labor's pro-
upheavaI and class wars. A Demo-
cratic Government can be made effec-
tive in this country without bloodshed
or violence. The labor policy is to bring
about a more equitable distribution Oh
me nations wealth by constitutional
means This Is neither Bolshevism nor
communism, but common sense and JUS
tice This Is labors alternative to reac-
tion and revolution"
The conservative Government, the
manifesto declares, was formed to carry
out policy OF naked reaction; labor
is appealing to the men and women OF
the country on policy of International
peace and national reconstruction.
Revision of the peace treaties, which
caused greater international wrongs
than they removed, is the first step to
Ieace," it continues. Labor is working
for an all inclusive league of nations.
with powers to deal with international
disputes by methods Of judicial arbitra-
ton and conciiation. Through the
League of Nations an agreement can be
reached for the limitation of ornaments.
with general disarmament as the goal.
To Redeem War Debt.
Labor recognizes the urgent need OF
lifting from trade and industry the
QedQWelBnL DuTQe1 OI the ucplt
il therefore proposes the creation of
war debt redemption fund by special
graduated levy on fortunes exceeding
5000 (s25, ,000). Labor will not penalize
thrift, but will require some restitution
from the profiteers out Of the huge for
tunes made in the war.
1T advocates a system of taxation
distributing the burden fairly according
to ability to pay, Increase of death
duties and the taxes on large estates
and incomes, exempting incomes below
1850 81, 250). reducing the tax on incomes
below $500 (S2. 2.500); taxation on land and
statutes to secure to the community
socially created wealth diverted to pri-
vate hands. 1t opposes indirect taxa
ton and all burdensome imposts.
whether customs. excise or stamp
duties
at further advocates economy with
out starving public service or at the
expense of the poor for the benefit of
the rich and adds: Reduced expendi-
ture on the education of children. the
health and safety of workers, the we'll
being of mothers and babies Is the cost
lest kind of waste. Labor's policy is to
provide work or maintenance for the
unemployed by reopening trade with
foreign countries. by national organiza-