We advocate:

-For an immediate and drastic reduction of governmental expenditures by abolishing useless commissions and offices, consolidating departments and bureaus and eliminating extravagance, to accomplish a saving of not less than 25% in the cost of federal government; and we call upon the Democratic Party in the states to make a zealous effort to achieve a proportionate result.

-Maintenance of the national credit by a federal budget annually balanced on the basis of accurate executive estimates within revenues, raised by a system of taxation levied on the principle of ability to pay.

-A sound currency to be preserved at all hazards, and an international monetary conference called on the invitation of our government to consider the rehabilitation of silver and related questions.

We condemn:

-The time-serving and disastrous fiscal policy of recent years.

We advocate:

-For an extension of federal credit to the states to provide unemployment relief wherever the diminishing resources of the states make it impossible for them to provide for the needy.

-Expansion of the federal program of necessary and useful construction affected with a public interest, such as flood control and waterways, including the St. Lawrence, Great Lakes deep waterways.

-The spread of employment by a substantial reduction in the hours of labor, the encouragement of the shorter week by applying that principle on government service.

-The advance planning of public works.

-Unemployment and old-age insurance, under state laws.

We advocate:

-For the restoration of agriculture, the nation’s basic industry, through better financing of farm mortgages through reorganized farm bank agencies at low rates of interest, on an amortization plan, giving preference to credits for the redemption of farms and homes sold under foreclosure.

-Extension and development of the farm cooperative movement and effective control of crop surpluses so that our farmers may have full benefit of the domestic market.

-The enactment of every constitutional measure that will aid the farmer to receive for basic farm commodities prices in excess of cost of production.

We condemn:

-The extravagance of the Farm Board, its disastrous action which made the government a speculator in farm products, and the unsound policy of restricting agricultural production to the demands of domestic markets.

We advocate:

-For a competitive tariff for revenue, with a fact-finding tariff commission free from Executive interference, reciprocal tariff agreements with other nations and an international economic conference designed to restore international trade and facilitate exchange.

-A firm foreign policy, including peace with all the world and the settlement of international disputes by arbitration.

-No interference in the internal affairs of other nations.

-The sanctity of treaties and the maintenance of good faith and good-will in financial obligations.

-Independence for the Philippines, ultimate statehood for Porto Rico, and the employment of American citizens in the operation of the Panama Canal.

-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 consultation and conference in case of threatened 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.

We condemn:

-The Hawley-Smoot tariff law, the prohibitive rates of which have resulted in retaliatory action by more than forty countries, created international economic hostilities, destroyed international trade, driven our factories into foreign countries, robbed the American farmer of his foreign markets and increased his cost of production.

-The cancelation of due debts owing to the United States by foreign nations.

We advocate:

-For a strict and impartial enforcement to anti-trust laws the prevent monopoly and unfair trade practices, and revision thereof for the better protection of labor and the small producer and distributor.

-Conservation, development and use of the nation’s water power in the public interest.

-Protections of the investing public by requiring to be filed with the government and carried in advertisements of all offerings of foreign and domestic stocks and bonds true information as to bonuses, commissions, principal invested and interest of sellers.

-Quicker methods of realizing on assets for the relief of depositors of suspended banks, and a more rigid supervision of national banks for the protection of depositors and the prevention of the use of their moneys in speculation to the detriment of local credits.

-The severance of affiliated securities companies and the divorce of underwriting schemes from commercial banks.

-The further restriction of Federal Reserve Banks in permitting the use of Federal Reserve facilities for speculative purposes.

We condemn:

-The action and utterances of high public officials designed to influence stock exchange prices.

-The usurpation of power by the State Department in assuming to pass upon foreign securities offered by International bankers, as a result of which billions of dollars in questionable bonds have been sold to the public upon implied approval of the federal government.

We advocate:

-For the repeal of the Eighteenth Amendment.

-To affect such repeal, we demand that the Congress immediately propose a constitutional amendment to truly 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, effectively prevent the return of the saloon and bring the liquor traffic into the open under complete supervision and control by the states.

-We demand that the federal government effectively exercise its power to enable the states to protect 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 alcoholic content as is permissible under the Constitution and to provide therefrom a proper and needed revenue.

-If Congress takes no action, I shall urge the new Congress to carry out these provisions.

We advocate:

-For a navy and an army adequate for national defense, based on a survey of all facts affecting the existing establishment, that the people in time of peace may not be burdened by an expenditure fast approaching one billion dollars annually by an expenditure fast approaching one billion dollars annually.

-The fullest measure of justice and generosity for war veterans who have suffered disability or distress caused by or resulting from actual service in time of war, and for their dependents.

We advocate:

-For the simplification of legal procedure and reorganization of the judicial system to make the attainment of justice speedy, certain and at less cost.

We advocate:

-For the continuous publicity of political contributions and expenditures.

-The strengthening of the corrupt practices act and severe penalties for misappropriation of campaign funds.

We condemn:

-The improper and excessive use of money in political activities.

-Paid lobbies of special interests to influence members of congress and other public servants by personal contacts.

-The open and covert resistance of administrative officials to every effort made by Congressional committees to curtail the extravagant expenditures of the government, and to revoke improvident subsidies granted to favored interest.