KHO» ffl/SUMtlQMB OF FQUCX
ADOPTED BX TUB AKSrtlCAH UISISG COMGBESS
BBSFfCTISG THE ADKIffISTgATIOHȣ
£6, 19SS, « t Chicago. I l l i n o i s , the f e » t « r a Division
%h® American Mining Coogro** adopted #. B»clsumii@& of P o l i c y eon-
the
by epe^iouis u.se of >oras. phraeeft
t o j m l l i f y the i4»ltt Intent «qg ^ g i r i t of oar C o n s t i t u t i o n ?e look
forirard v i t h confi4©nc© wad f a i t h t o th® t i a « wfeeo the £upr«Hi C<mrt
sgaia «111 declare i n Iwagus^e uajsist&kable that i t e provisioae, ratde
f o r th» preserriitioa of individual l i b e r t y sad fresdo® of s c t i o n , ar#
j e t v&lid and binding, (Qfuderscoring supplied.)
bMk,n grown t o such fin alarming extant tht.t
i s no* fecad * i t h • g o n r n M B t f not ty a ©yst&a of cfe#clca
b*lanc«e through l e g i s l a t i v e , j u d i c i a l kind si^ectttiYe fereachefif but
by p o l i t i c a l l y appointed coajaieEioae &nd administrators.
of e m i l l i o n perrons are es^ploy^d by th© Governaetit,
not counting the l e g i s l a t i v e %wi j u d i c i a l branches y the 4ragr a«d
and s p e c i a l ^ s n t s of the IDepcr^aent of Agriculture,
ifoftlaaQtation
i s P£r&cbln^ o u t t o &1/&TV oiiase of otxp AMerictin l i f e .
•Our Federal public debt i e m»» i a «xcea® of t h i r t y b i l l i o a s
of doiiarg, &&& th# appropriations sutde by the Sev-enty-i'otirth Coagreg#
In «xc««(i of t«n b i l l i o o dollars* Bo goverau^nt can go OR year
ag sort* tkan i t r^efiiv^Sy &od p l l l o g d e f i c i t mpom
Such A eour&« la^vit&bly destroy© tbe c^rr^aey, and Is&d®
t o I n f l a t i o n »ad r»fttdiiitioik« O^f Coveraiacat ^:.^ould. thor^: uro.
t o balmace tha F^dcifj. Bodgot by s t r i c t \U
Digitized for FRASER
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Federal Reserve Bank of St. Louis
to® Xenrlefl only to.
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Digitized for FRASER
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Federal Reserve Bank of St. Louis
1 5 , X9&G, a t I t s SSth AUXIUAX iK«otiag 9 latt
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towrican
.
October 1, 1986, at Denver, Colorado, the Western Division of
the After!eaa Kinlng Congress adopted a Declaration of Policy containing the folio*ingi
Ta/atlon find Finance
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the Federal tax laws to reestablish the flat rate
of corporation tiur, to restore the right to &ake coagolidfctad returns, to remove the tax on dividends received by corporations, to
permit boalaeflui losses of on© year to be deducted .from futtire i**«coae, to provide fall allowance of Hfpttftl lost,®?-, &m& to peradt
•ADoal declaratloft of vfelu® for capital stock t«:xsgp
in ee«e of ©iaiag properties in the development stag©.1
of
deplore the tfci&leoey to center Bupervi^ioo of bticl1B the Podersal
oppose the growth of bureaucracy, and urge a return
to govartiaect by law inateati of by executive order or adslnlstra*
tive &oer*9*
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"Reclproctil
•Changes in tariff rate© should not be nade through trade
egreesteate *ith foreign coimtride tlthoat specific approval of such
changes by Congress after public hearing**
September 10, 1937, at S&it Lake City, 0tah, the Western Division of the American Mining Congress adopted a declaration of Policy
contalftlag the following:
*The alniag industry views vith concern the continuation
of excessive and maaecessary expendlturee by the Federal Covera«&nt
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Federal Reserve Bank of St. Louis
••• recoiasana the reeBt*feiigh&eat of the flat rate of
corporation tax, toe restoration of the right to a&k© eonsolis:
return©,. th«* reaeir&l of the tut on dividends receive by corporations, the carry lag forward of business losses of erne year to be
deducted Atom, future iseo«e, end the uaiistiitd deduction of capital
o/
•We deplore the growing tendency t» regolAte bttstaees
**We oppeee the growth ot bureaucracy, ana ur^e
i© g©v«rnii^at by law iiufteed »f by mmn through exeeutlve order or
decree*
"The ©useatiiil lntereet of employe oad ostploy^r is to ob~
t*ia efficient production through the eooper&tiye efforts of l«borf
a£nag*mfcfii &ad eaplt&l. GoTerosent interference *ith such cooperation ahould be
October ^7, 193$, at Lea Angeles, California, the fee tern
nion of the Aaerlcea Mining Cmgr®m
edopted e Declaretloa of Pelicj
the following*
*Con«l»tettt vith our belief of sm^f yeer»f ••
apprehension the ccratlnuod tmb&lftnced national budget* vlth ^ountiag expeDditorec and profresil^e deficit
«ide necessary thereby. Sound end i^roTea theories of
finance d^R^nd tin&t the control of these ejcpendltures MUST be returned to Congress. There alonet ep tha Constitution provides,
re«pon#ibillty for Ck>vsross©nt revenues cim b© tjuaited *ith re#pooi
bility for Gowrmient exp©n4iture#, Having properly resvmed it«
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Federal Reserve Bank of St. Louis
*con&titfitioa&l powers in this respect, Congratsf i f i t *©uld
Sstioii froa the fiB&nci&l c&t&cX^mm wtich have ©UTeloped eo
r should und mi&% limit Fe<*er«tl expenditwa*€?£ to &
*feicfe citB b« covered ty taxAtioa yielcl**
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