OCR Text |
Show Lauds Banking Reform. Our archaic banking and currency system, prolific of panic and disaster under Republican administrations long the refuge of the money trust has been supplanted by the federal reserve re-serve act, a true Democracy of credit under government control, already proved a financial bulwark in a world crisis, mobilizing our resources, placing plac-ing abundant credit at the disposal of legitimate Industry and making a currency cur-rency panic impossible. We have created a federal trade commission to accommodate the perplexing per-plexing questions arising under the antitrust laws so that monopoly may be strangled at Its birth and legitimate Industry encouraged. Fair competition in business is now assured. We have effected an adjustment of the tariff, adequate for revenue under peace conditions, and fair to the consumer con-sumer aud to the producer. We have adjusted the burdens of taxation so that swollen Incomes bear their equitable equit-able share. Our revenues have been sufficient in times of world stress and will largely exceed the expenditures for the current fiscal year. |