Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-06-12
The Platform

Cleveland, O., June 11.-(By A.
P.)-The following is an abstract OF
the Republican platform as present
ed by the subcommittee to the full
resolutions committee:
1--WE, the delegates of the Repub-
lican party in national convention
assembled, bow our heads in rev.
erent memory of Warren G. Hard
ing. ="
"A staunch Republican. he was
first of all true patriot. who gave
unstintingly of himself during a try
ing and critical period of our ma
tional life. I"
"As delegates to the Republican
party. we share IN the national
thanksgiving that in the great
emergency created by the death of
fully equipped to be his successor
one whom we had nominated as
Vice President - Calvin Coolidge,
who as Vice President and Presi-
dent by his every act has justified
faith and confidence which he has
won from the nation.
Situation In 1921
when the Republican admins
tration took control of the govern
ment in 1921, there were four and
half million unemployed: industry
and commerce were stagnant: agri-
culture was PROSTATE; business was
depressed; government bonds were
selling below their par value.
To-day industry and commerce
are active; public and private credits
are sound, we have made peace: we
have taken the first step toward dis
armament and strengthened our
friendship with the world powers:
our relations with the rest of tie
world are on a firmer basis. our po-
sition was never better understood.
our foreign policy never more def
mite and consistent.
Public Economy
1--WE demand and the. people. of
the United States have right to
demand rigid economy in govern
ment A policy of strict economy
enforced by the Republican admin
istration since 1921 has made pos
sible a reduction in taxation and
has enabled the government TO re-
duce the public debt by two and a
half billion dollars. This policy Wig
orously enforced has resulted In q
progressive reduction of public ex-
penditures until they are now two
billion dollars per annum less than
In 1O2L The tax burdens of the
people have been relieved to the ex-
tent OF 81 ,25O.OUU per annum. Gov
eminent securities have been in
creased in value more than three
billion dollars. Deficits have been
converted into SURPRISES. The bud
get system has been firmly estab-
lished and the number of federal
| nInvna has honn co.
than 100000 We commend the firm
insistence of President Coolidge
upon rigid government economy ana
pledge him our earnest support 10
this end.
Finance and Taxation
I'VE believe that the achievement
Of the Republican administration in
reducing taxation by $1,250,0O0 per
annum; reducing of the public debt
by 81, 432. 100000. installing a budget
system: reducing the public .expendi-
lures from $5,5OO,O00, 900; per annum
to approximately $3.4O0. 100000 per
annum, thus reducing the ordinary
expenditures Of the government to
substantially pre-war basis: and
the complete restoration of public
credit; the payment or refunding of
$500. 0OO, 900 OF public obligations
without disturbance of credit or in
dustry-ali during the short period
of three years--zpresents a record
unsurpassed in the history OF the
public finance.
THE assessment of taxes wisely
and scientifically. collected and the
efficient and economical expenditure
of the money received by the gov
eminent are essential to the prosper
ity Of the nation. Carelessness In
levying taxes Inevitably breeds ex-
trayagance in expenditures. The
wisest Of taxation rests most rightly
on the individual and economic life
of the country. The public demand
for a sound tax policy Is insistent.
Progressive tax reduction should
be accomplished through tax re-
form. It should not be confined TO
less than four million of our citizens
who pay direct taxes, but Is the right
Of the more than 400, 600. 900 who are
daily paying their taxes through
their living expense. Congress has !
in the main confined It's work 70 tax
reduction. The matter Of fax re-
form Is still unsettled and Y equally
essential.
1--WE pledge ourselves to the PRO-
gressive reduction of taxes q. al the
(consInusd Or psus s-coI p