Evening star., 1932-06-30
Democratic Platform
Declaration Of Principles Binding Party Presented
to Convention Last Night Is Shortest
One on Record.

opment of the farm cooperative move
ment, and effective control of crop
surpluses so that our farmers may have
the full benefit of the domestic market;
enactment of every constitutional meas
ure that will aid the farmers to receive
for basic farm commodities, prices in
excess Of cost.
Calls for Repeal
g. A Navy and an Army adequate for
national defense, based on a survey of
all facts affecting the existing estab-
liShments, that the people in time Of
peace may not be burdened by an eX-
penditure fast approaching a billion
dollars annually.
9. Strict and impartial enforcement
of the antitrust laws to prevent monop-
oily and unfair trade practices. and re-
vision thereof for the better protection
of labor and the small contributor; the
removal of Government from all fields
of private enterprise, except where nee
essary to develop public works and nat
ural resources in the common interest.
Conservation development and use Of
the Nations water power in the public
interest.
We favor the repeal of the eighteenth
amendment.
To effect such repeal, we demand
that the Congress Immediately propose
Constitutional amendment to purely
representative conventions in the States
called to act solely on that proposal.
We urge the enactment of such
measures by the several States as will
actually promote temperance, effective
ly prevent the return Of the saloon and
bring the liquor traffic into the open
under complete supervision and con-
troll by the States.
Would Protect States.
We demand that the Federal Gov
ernment effectively exercise its power
to enable the States to effectually pro-
tect themselves against importation of
intoxicating liquors in violation of their
laws.
Pending repeal, we favor immediate
modification of the Volstead act to
legalize the manufacture and sale of
beer and other beverages of such alco-
holic content as is permissible under
the Constitution and to provide there
from a proper and needed revenue.
10. Protection of the investing public
by requiring to be filed with the Gov
ernment and carried in advertisements
of all offerings of foreign and domestic
stocks and bonds true information as
to bonuses, commissions, principal in
vested and interests Of sellers
Regulation to the full extent of the
Federal power of:
(a) Holding companies which sell Sc
curities in interstate commerce.
(b) Rates of utility companies oper-
ating across State lines.
(c) Exchange trading in securities
and commodities.
Bank DepositOrs Aid.
II. Quicker methods of realizing on
assets for the relief of depositors of Sus-
pended banks and more rigid supervi-
sion of national banks for the protec-
ton of depositors and the prevention Of
the use Cf their moneys In speculation
to the detriment of local credits.
The severance of affiliated securities
companies and the divorce of the in
vestment banking from commercial
banks; and further restriction of Fed
eral Reserve banks in permitting the
use of Federal Reserve facilities for
speculative purposes.
IL The full measure of justice and
generosity for all war veterans who
have suffered disability or disease
caused by or resulting from actual serv-
ice in time of war, and for their de-
pendents.
13. A firm foreign policy including:
Peace with all the world and the settle
ment of international disputes by arbi-
tration; no interference in the interna-
tional affairs of other nations: the sane
tity of treaties, and the maintenance Of
good faith and of good will in financial
obligations; adherence to the World
Court with the pending reservations;
the pact of Paris abolishing war as an
instrument of national policy, to be
made effective by provisions for consul
tation and conference in case Of threat
ened violation of treaties; international
agreement for reduction of armaments;
and cooperation with nations of the
Western hemisphere to maintain the
spirit of the Monroe Doctrine.
Oppose Debt Cancellations
We oppose cancellation of the debts
owing to the United States by foreign
nationc.
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