The Waterbury Democrat., 1940-07-18


cratic way, we viii continue to
bring economic security to the
farmer and his family, while rec
ognizing the dignity and freedom
of American farm life.
American Worker
Under Democratic auspices more
has been done in the last seven
years to foster the essential free
dom, dignity and opportunity of
the American worker than in any
other administration in the ma
tons history. In consequence,
labor is today taking its rightful
place as a partner Of management
In the common cause of higher
earnings, industrial efficiency, ma
tional unity and national defense.
A far-flung system OF employ
ment exchanges has brought to-
gether millions of the workers and
available jobs. The workers right
to organize and bargain collective
ly through representatives of their
own choosing is being enforced.
We have enlarged the federal
machinery for the mediation of
labor disputes. We have enacted
an effective wage and hour law.
Child labor in factories has been
outlawed. Prevailing wages to
workers employed on government
contracts have been assured.
We pledge to continue to enforce
fair labor standards; to maintain
the principles of the national labor
relations act; to expand employ
ment training and opportunity for
our youth, odler workers, and
workers displaced by Neurological
changes; to strengthen the order
ly processes of collective bargain
ing and peaceful settlement of la
Dor disputes; and to work always
for just distribution Of our ma
tional income among those who
labor.
We viii lcontinue our efforts to
achieve quality of opportunity for
men and women without impairing
the social legislation which pro-
notes true equality by safeguard
ing the health, safety and economic
welfare Of women workers. The
right to work for compensation in
both public and private employ
ment is an inalienable privilege
of women as well as men, without
distinction as to marital status.
-.
The production of coal is one of
our most important basic indus.
tries. Stability of production, en-
ployment, distribution and price
are indispensable to the public well
fare. We pledge continuation Of
the federal bituminius coal sta
bilization act, and sympathetic
consideration of the application Of
similar legislation to the anthra-
cite coal industry, in order to
provide additional protection for
the owners, miners and consumers
of hard coal.
We shall continue to emphasize
the human element in industry
and strive toward increasingly
wholehearted cooperation between
labor and industrial management.
To make democracy strong, our
system Of business enterprise and
individual initiative must be free
to gear its tremendous productive
capacity to serve the greatest good
of the greatest number.
We have defended and will con-
tinue to defend all legitimate bus
mess.
We have attacked and will con-
tinue to attack unbridled concen-
tration of economic power and the
exploitation of the consumer and
the investor.
We have attacked the kind Of
banking which treated America as
a colonial empire to exploit; the
kind of securities business which
regarded the stock exchange as a
private gambling club for wager
ing other peoples money; the kind
of public utility holding companies
which used consumers and inves-
tors money to soborn a free press,
bludgeon legislatures and political
conventions, and control elections
against the interest of their GUS
toners and their security holders.
We have attacked the kind Of
business which levied tribute on
all the rest of American business
by the extortionate methods Of
monopoly.
Provided Remedy
We did not stop with attack
we followed through with the
remedy. The American people
found in themselves, through the
Democratic process, ability to
meet the economic problems of
average American business where
concentrated power had failed.
We found a broken and pros
trate banking and financial sys-
tenn. We restored it to health by
strengthening banks, insurance
companies and other financial in
situations. We have insured 81
million bank accounts, and pro-
tected millions of small investors
in the security and commodity
markets. We have thus revived
confidence, safeguarded thrift,
and opened the road to all hon
orable business.
We have made credit at low
interest rates available to small
business men, thus christening
the oppressive yoke Of q money
monopoly, and giving the ordinary
citizen a chance to 60 into bus
mess and stay In business.
We recognize the importance Of
small business concerns and new
enterprises In our national econ
omy, and favor the enactment OF
constructive legislation 10 safe
guard the welfare Of small bust
ness. Independent smail-scale en-
terprise. no less than big business.
should be adequately represented