Show 0 THE essentials OF U US S DEMOCRACY A choit tinie time ago a number of Scina senators tors principally members ot of the majority party conferred with a view to creating a definite program tor for promoting Dromo ting recovery their conclusions embraced in ten proposals were presented to the by josiah josi ah bailey of north C carolina arolina k A digest of these ten vitally lianor tant points follows I 1 the cap capital tal gains tax and the undistributed profits tax should b be 0 thoroughly revised at once so as to courage lin ii the normal flow of sav in engg 1 I idao productive enterprise 2 A start should be made toward La lancing the federal budget in loder ioder that public credit may be preserved and tears fears which deter investment ended 3 the constitutional guarantees of the right of the worker to work ald of the owner of the property to its possession must be perserver per served land and enforced 4 government should stay out ol of fields which belong in the realm of arvae industry aud it if the government does propose to compe compete t e in any field fied due notice should be given so that private investment may avoid it 5 tho competitive system must lie be maintained as a either private or government monopoly ord and busness right to a reasonable profit must be guaranteed 6 private credit must be pro served 7 there must be an assum assurance ilce that taxes will not be further inci cic cased asod and that they will be reduced at the earliest possible sible acme 8 states rights home rule and local self government must be vigorously maintained unless proven definitely inadequate 9 the needy must be aided under a system which is nonpolitical non political and nonpartisan non partisan 10 1 lastly atly the nation should rely in the future as in the past upon the american system of private initiative and enterprise this program needs no corn comment ment it Is a real prosperity program it t Is based upon the that llao made america gi great eat it congress will adopt it it will make a ina contribution not only to recovery but to the maintenance cf U S democracy |