ABSTRACT

The Democrats, on the whole, tended to stand behind the proposed measure—for the same reason reversed. The reaction of the stock market was decidedly favorable, on the theory that corporate dividends would be distributed instead of being piled up as reserves. In the House committee only one Democrat, Representative Lamneck, deserted, but in the Senate committee the revolt took on serious proportions. The conservative wing of the Democrats broke away from the Administration wing and joined the Republicans. Communism has its symbol in the hammer and sickle, Nazism has a symbol in the swastika; democracy alone lacks a symbol. Phil La Follette proposes to equip democracy with a symbol through which the common man—since he cannot write laws or articles or make speeches—will get a sense of participation, the mystical sense of unity. Like all foreign offices it has therefore claimed diplomatic immunity to the democratic demands to which the more prosy government departments are subject.