Evening star., 1932-06-30
the Associated Press.

BY the Associated Press.
CHICAGO, June 29.-The complete
text of the Democratic platform, ap-
proved by the full Resolutions Commit
tee for presentation to the convention,
follows:
In this time of unprecedented eco
nomic and social distress the Demo-
cratic party declares its convictions
that the chief causes of this condition
were the disastrous policies pursued by
our Government since the World War
of economic isolation; fostering the
merger Of competitive businesses into
monopolies; and encouraging the in
defensible expansion and contraction OF
credit for private profit at the expense
Of the public.
Those who were responsible for these
policies have abandoned the ideas on
away the fruits of victory thus reject
ing the greatest opportunity in history
to bring peace, prosperity and happiness
to our people and to the world. They
have ruined our foreign trade, destroyed
the values of our commodities and pro-
ducts, crippled our banking system.
robbed millions of our people Of their
life savings and thrown millions more
out CT work, produced widespread pov-
erty and brought the Government TO a
state of financial distress unprecedented
in times of peace.
In this time Of unprecedented eco
nomic and social distress the only hope
for improving present conditions, re-
storing employment, affording perma-
nent relief to the people and bringing
the Nation back to its former proud
position of domestic happiness and of
financial, industrial, agricultural and
commercial leadership in the world lies
in a drastic change in economic and
governmental policies.
Believing that a party platform Is a
covenant with the people to be faith
fully kept by the party when entrusted
with power, and that the people are
entitled to know in plain words the
terms of the contract to which they are
asked TO subscribe, We hereby declare
this to be the platform of the Demo-
cratic party.
The Democratic party solemnly prom
ises by appropriate action to put into
effect the principles, policies and re-
forms herein advocated, and to eradi-
cate the policies, methods and practices
herein condemned.
Want Expenses Cut.
We advocate:
a. An immediate and drastic re-
duction of governmental expenditures
by abclishing useless commissions and
offices, consolidating departments and
bureaus, and eliminating extravaganza,
to accomplish saving of not less than
25 per cent in the cost of Federal Gov
ernment and we call upon the Demo-
cratic party in the States to make
jealous effort to achieve proportionate
result.
sso AEo;,ta1oooa oF 49, ~ fio,,a oil cradit
by Federal budget annually balanced
on the basis of accurate executive estl-
mates wherein revenues, raised by as
sistance Of taxation, levied on the prin-
ciple of ability to pay.
%. A sound currency to be preserved
at all hazards, and an international
monetary conference. called on the in
vitation Ct our Government, to consider
the rehabilitation of silver and related
questions.
Tariff for Revenue.
"a. A competitive tariff for revenue.
with a fact-finding Tariff Commission
free from Executive interference; re-
ciprocal tariff agreements with other
nations, and an international economic
conference designed to restore inter-
national trade and facilitate exchange.
States to provide unemployment relief
wherever the diminishing resources Of
the States make it impossible for them
TO provide for the needy; expansion CT
the Federal program of necessary and
useful construction affected with a pub
lie interest, such as flood control and
waterways. including the st. Lawrence
Great Lakes deep waterways; the spread
of employment by substantial reduc-
ton in the hours of labor, the encour-
agement Of the shorter week by apply
ing that principle in Government
service; advance planning of public
works.
6. Unemployment and old age insur-
ance under State laws.
z. For the restoration of agriculture.
the Nations basic industry; better
financing of farm mortgages through
reorganized farm bank agencies at low.
rates of interea on an amortization
plan, giving preference to credits for
the redemption of fa-ms and kc.y,cs cold
under foreclosure; extension and devel-