1. Prosperity was world-wide during

the past three years (p. 3), therefore it

was not caused by the Administration

(p. 4).

2. The tide turned toward depression

more than six months ago and business

is becoming more and more stagnant

(pp. 13-18).

3. If the present tendency is contin-

ued the times will be much worse than
we have ever experienced, for we shall
have monopolization of industry in ad-
dition to the falling price level.

4. But if the party in power in the
federal government is changed, there
will be a reversal of these causes of de-
pression. NEXT MARCH THE LAWS WILL

BE SO ALTERED AS TO-

(a) Prevent discriminations in freight
rates (p. 73). This will restore compe-
tition in nearly all lines of produc-
tion and trade (p. 67). During 1897 the
Supreme Court took from the Commis-
sion its power to prevent discrimina-
tions (p. 61), and then commenced the
dreadful spread of discriminations (p.
93). The result has been so tremen-
dous a fostering of trusts that nearly all
the principal lines of industry are mo-
nopolized (p. 93). For three years the
Administration has refused to stop the
discriminations in freight rates (pp. 61-

67).

Such private monopolies as may re-

main will also have the "props" knocked

from under them (pp. 71-92), thus re-

storing competitive prices. If any pri-

vate monopolies should remain, the

prices they charge will be regulated by

the Interstate Commerce Commission,

just as railway rates will be regulated

(p. 88).

(b) The falling price level will be

stopped by taking the control of the

volume of paper currency from the pri-

vate corporations, known as national

banks, and placing it in a Commission

or Bureau in the Treasury Department,

with the command that the price level

be measured daily or weekly, and the

volume of currency so controlled as to

maintain

rate

a stable interest
money.
This will maintain a stable

price level year after year (p. 20).

on

The Senate will be against a free sil-

ver law for two years at least, and,

therefore, free silver is not an issue in

this election (p. 20).

5. The prevention of further depres-

sion and the restoration of prosperity

on a higher plane than we have ever

experienced, will be accompanied by a

change of policy as to-

(a) The people of Porto Rico, the

Philippines and Cuba; that is, a change

from the holding of subjects (a policy

of empire) to Independence for the peo-

ple of the Philippines and Cuba, and

Citizenship for the people of Porto Rico.

This will preserve our Republic and

prevent the establishment of Empire (p.

108).

(b) It will maintain the Monroe Doc-

trine will keep the Old World Empires
from extending their sway on this hemi-
sphere. This will not only protect our