The Daily Worker Newspaper, June 19, 1924, Page 4

Page Four SWIFTS HIDE HUGE PROFITS OF EXPLOITING Give Deny Farmers Excess Capital By LELAND OLDS. (Federated Press Industrial Editor.) Swift & Co., the giant meat-packing and food trust which has piled up profits of over $250,000,000 in less than a generation, is all het up over. the Federated Press statement that excessive profits have been made at the expense of farmers and consum- ers. The F, P. assertion that the true magnitude of Swift’s profits has been concealed by financial manipulation stirred this big corporation to reply in a letter asserting that the current 8 per cent dividends on $150,000,000 capital stock represent a return of only a little over 6 per cent on the stockholders’ actual investment of over $213,000,000. Invester Profits Bring Excess. This letter reveals how capitaliza- tion of enormous profits is used to blind the public to the current rate of profit. The actual cash put into the business by the owners, accord- ing to the federal trade commission, is not $213,000,000 but somewhat less than $86,233,000. The remainder is largely the capitalization of profits in excess of reasonable dividends. This means that the stockholder’s annual dividend is not 6 per cent, but 14 per cent, and his average profit since 1896 has been at the rate of more than 17 per cent. To capitalize profits means to earn excessive profits and put them in the business so they will them- selves earn more profits. “From an original investment of $300,000 in 1885,” says the federal trade commission report on the meat packing industry presented to Presi- dent Wilson in 1919, “Swift & Co. has grown in 33 years to a position where the stockholders’ equity is now valued at $234,576,000, and more than half of | this increase taken at $130,092,000 has come from profits (over and above | reasonable dividends) invested in the business, and $30,746,000 by reason of an appraisal of the property account in the fiscal year 1918.” '$128,000,000 from Exploitation. Brought up to date, this means that of the claimed $213,000,000 investment belonging to stockholders, the owners have contributed not more than $86,- 233,000 in cash. The remaining $128,- 000,000 represents a forced contribu- tion by farmers and consumers. Federal trade commission figures show that net profits to stockholders -have.totaled..$251.721,107, or nearly three times the entire cash investment of the owners. The character of this company’s ex- ploitation of the country during emer- gency is revealed in the unexampled profits of the two years America was at war. Net profits for 1917 were $44,650,000, and for 1918 $44,364,000, averaging more than four times pre- war profits. Swift was the most shameless of the packer war profit- eers. These war profits represented an annual return of about 30 per cent} on the entire net worth of the com- pany and of nearly 60 per cent on the cash investment of the stockholders. Altho the big packers could not re- fute these federal trade commission figures, they had power enough over appropriations made by the senate to force the commission to discharge the expert who made the investigation. Engineers’ Chieftain Gets Good Grip Upon Brotherhood Business CLEVELAND, O,, June 18.—Warren §. Stone is indeed “grand chief” of the Brotherhood of Locomotive Engineers. The triennial convention of the broth- erhood and its insurance organiza- tions elected Stone president of all the engineers’ activities—union, bank- ing and insurance. Two vice presi- dents, a secretary and a grand chief éngineer will head the departments under Stone’s leadership. No wonder they say he’s out of the labor class! Negro Residential Segregation Case In Supreme Court NEW YORK, June 18.—Appeal has been taken to the United States su- preme court for the decision of the court of appeals of the District of Co- lumbia, affirming a decree of a lower court, which would permit real estate owners to agree among themselves not to sell property to colored people, and to insert such agreements into the sale contracts. LUDENDORFF, FORMER HEAD OF THE ' KAISER’S ARMY HAS ASSUMED THE LEADERSHIP OF TEUT SOCIALISTS By LOUIS P. LOCHNER BERLIN, June 18.—The parliamentary situation as it has re- vealed itself in the course of the week presents a hopeless muddle. The Marx cabinet is back on the slight modifications. The farce job, as before the elections, with of trying to enforce the Dawes’ reparations scheme will be undertaken, at least on paper, tho it virtually means enslavement of t! How hopeless the bourgeois chancellor than Admiral von Ti marine warfare, now aged 75. The Socialists, tho numeri- cally the strongest party next to the Nationalists, figure largely negatively. One reason is the disunion within their own ranks. The older wheelhorses like Scheide- mann, Noske, Ebert, and Wells would gladly go with the bourgeois parties of the middle, but the more radical element in their party which for the first time makes its appearance in the reichstag is opposed to coalition. Communists United For Action. The Communists have said little to indicate their tactics. In public they can say little enough, for their organs have again been suppressed. It is safe to predict that a body of 62 men and women, welded in the closest-knit or- ganization of any of the parliamentary groups, will be able to follow an ob- structionist policy that will simply compel concessions. e* 8 Ludendorff a “Comrade.” General Ludendorff has turned “comrade.” His party has suddenly decided to give up the name of Peo- ple’s Freedom party and call itself National Socialist party. Comrade Ludendorff has about as much to do with socialism as have Herriot’s “Radical Socialists” in France. se 8 The royalists: are planning frequent |demonstations.. They seem to be part of well-laid propaganda for monarch- ism disguised as patriotism. In Bay- aria it has been said that Prussia would be captured for monarchists iny |this way. ‘ * Socialists for Dawes Piaf To clarify the issues, the Socialist party demands a popular referendum on the Dawes’ report. “hey hope all democratic and libéra, elements will vote in favor, while the reactionaries will vote no. In this way they expect a test on republicanism and monarch- ism. The Communists say they are not interested iu plebiscites of this sort. They belisve a workers’ congress should be called to establish a united front against the bourgeoisie. Russia Glad Crook Millerand is Out; Dubious of Herriot MOSCOW, June 18.—Altho Russia is rejoicing over the downfall of the Millerand-Poincare regime. in France, most of the officials do not expect much of the new Doumergue-Herriot |government. The big capitalists who backed the Catholic Millerand are still strong enough to prevent any great change in the republic’s foreign policy under the Protestant president. Editor Steklov writes in the Izvestia that the Herriot party has never de- clared itself Socialist nor become a party of workers and peasants against the bourgeoisie, and that the “left bloc” has no program which could be offered the masses to bring a fight against reaction. Steklov denounced Millerand as one of the most dishon- t characters ‘in France, and the meanest renegade in the world—one who would betray any party. Malone Jumps Again! Coming from Paris to Boost Al Smith (Special to the Daily Worker.) PARIS, June 18.—Dudley Field Ma- lone, former collector of the port of New York and one of Woodrow Wil- son’s managers at the Baltimore con- vention, departed yesterday on the Berengaria for the democratic con- vention. He said that if McAdoo and the Ku Klux Klan dictate the demo- cratic candidate, the republicans would surely walk into Washington unhindered. Malone recommended Governor Al Smith of New York as the only man who could beat Coolidge in the race for the White House. He made no mention of any third party interfer- ence in the game. Send In that Subscription Today. UNCLE WIGGILY’S TRICKS ‘he German working class, parties are may be judged from the fact that the monarchist nationalists could offer no better rpitz, father of unrestricted sub- Young Worker Current Issue a Snappy Sheet The latest issue of The Young Worker, official organ of The Young Workers League of America has just come off the press filled with real “hot stuff.” The readers of this ex- cellent bi-weekly publication have come to a point where they wait its issuance with impatience, since it is the only paper which deais with the political and economic questions of the day from the angle of the young workers. In this fleld it holds sway. The issue contains the statement of the league on its program for the young workers in the organization of the farmer-labor party, including planks for the abolition of child labor, the 6 hour day, 6 day week for the youth, control of state militia and others. There is also an article by Max Shachtman on the real extent of child labor, proving that the statistics of the U. S. government fall about 2,000,000 short in their calculations, John Harvey analyzes the imperialist motives behind congress’s drive for a bigger navy, and other young writers treat of other phases of activity. A better buy for a nickel can not be obtained. Send in the money to The Young Worker, 1113 W. Washing: ton St., Chicago, Ill. Or better yet, send in a dollar bill and have your name put down for a yearly subscrip- tion. Do it now! Send in that Subscription Today. THE DAILY WORKER NEW YORK CITY Party Activities OPEN AIR MEETINGS. Saturday, June 21. Section 2—110th St. and 5th Ave.— Speaker, Jack Statchel. Section 3—165th St. and Prospect— Speakers, Joe Brahdy and Joe Pad- gug. Section 4—Grand St. Brooklyn — Speakers, Grecht and Sam Nessin. UNION HILL, N. J. Saturday, June 21. Columbia St. and Bergenline Ave.— Speakers, George Powers and oth- ers. 24th St. and Bergenline Ave.—Speak- er, Primoff. JAPAN READY TO RECOGNIZE SOVIET RUSSIA Representatives Agree on Provisions Extension, Rebecca (Special to the Dally Worker.) TOKIO, Japan, June 18.—Japanese recognition of Soviet Russia is nearly a fact. Mr. Yoshizawa, Japanese en- voy to Peking who has been discus- sing the matter with Mr. Karakhan, the Russian representative, will report here personally to Foreign Minister Shidehara. A synopsis of the agreement drawn up between Japan and Russia includes the following points: re-establishment of relations as soon as the agreement is signed; continuation of the Ports- mouth treaty and institution of anew treaty of commerce; fishery conven- tion on time basis to be concluded; Saghalien island to be evacuated with- in a fixed time and concessions to be given Japan on the island; debts to be written off on most favored nation stipulation basis; concessions to Japan in Eastern Sibiria. Since China has already recognized the Russian Soviet government and the Japanese agreement is ready, it is really only a matter of days before Japanese recognition goes into effect. A Letter and a Reply. THE VIEWS OF OUR READERS ON LIFE, LABOR, INDUSTRY, POLITICS Brother O'Flaherty frequently makes To the DAILY WORKER—Most ot some Pretty good shots. 1 know sev- your devoted readers are so smugly satisfied with the DAILY WORKER that it is high time some one pointed out its shortcomings. The object of the paper must. be to make Communists. As such it seems too benighted to me. It should appeal to the broad masses. By devoting more than half the space to LaKollette or another bourgeois savior, or the St. Paul convention, it fails to arouse the ordinary interest. In other words, news of that order is spread a little too thick. The general write up is also too verbose. Another point. Besides not bal- ancing your news, you limit yourself to purely ideational news, if one may use such a barbarism. Your ordinary foreigner, or even native laborer, is not an intellectual giant. Even the bespectacled worker for the cause of either sex likes a bit of so-called hu- man interest stuff. In the daily strug- gle, and particularly at this time of depression, there is enough news of the kind to make Brownian sermons to supply sixteen daily extras. Again, sociological news when pithily presented is the cat's meow. But as Communists, your workingmen would want to get some real foreign news. The files of the Humanite, Rote Fahne, and I do not know what Russian papers are there for a regu- lar harvest at practically no cost. I once hoped to be able to see a paper that would be a sort of universal pulse that even an untutored laborer would be able to count. Another point. Sometime ago you were to run a serial. With popular in- terest in pseudoscience there is an un- explored mine of articles by ordinary comrades in the shop just describing their particular industry. No highbrow stuff. And think of the impetus to the paper when everybody gets a chance to see himself in print. Of course with a bit of editing. I note on page 4, col. 7, Volume II., No. 67, an article. What is its news value? Propaganda value, educational value? Nil. In view of col. 5-6, page 5, why col. 4, page 4? Why the redund- ancy of col 6, page 42 We heard that before. eral noncom’s who buy the paper for his flings. Give us more of him. Who- ever A. V. F, may be, can’t you get & livelier bird from the Liberator clique? That rubric should be newsy and principally intersting. And not necessarily a lone hand game, either. It would be extremely interesting to get the statistics on how many readers read thru Brother — — — article on last page. Too long. But enough for one day.—A.B.C., Chicago, Illinois. see Reply—We Are Chastened. Just as the editors of the DAILY WORKER were getting all puffed up with pride, because of the praise given our paper, along comes an anonymous comrade with a letter of harsh criti- cism. The DAILY WORKER, says he, is high-brow. It does not balance its news. It hasn't got enough “human in- terest stuff.” It has no real foreign news like Humanite or Rote Fahne. Its writers are mostly long-winded and somewhat stupid—all except Tom O'Flaherty. And above all, why not more letters from the workers, de- scribing their shops, industries, etc., he asks. We are humble and chastened after reading this letter. Our news is un- balanced, doubtless; we are afflicted with a Communist squint that makes St. Paul outweigh all other news until June 17th, Our foreign news comes to a great degree from Humanite and Rote Fahne, but maybe it suffers in translation. And we all admit—espe- cially when talking to members of the Irish Federation—that O’Flaherty is the only genius in the office. We admit all our defects. We boast no more— until next week. But the criticism that cuts us to the quick, is that the workers do not write enough letters to the DAILY WORKER. Ah, now, that strikes home! Our real editors, the readers in the shops and factories, are not on the job enough. We pass this on to those responsible, with the repeated request—take your part in editing your paper. Send in your news, your opinions, your criticisms, Help to edit the DAILY WORKER., A LAUGH FOR THE CHILDREN SOVIET RUSSIA’S INTERNATIONAL POSITION STRONGER SINCE JAP, FRENCH AND GERMAN ELECTIONS By ANISE. MOSCOW, June 9.—Sudden and almost spéctacular strength- ening of Russia’s international position follows a series of elec- tions in Germany, France and Japan. In France, the National bloc is out’of power, its place being taken by the Herriot group with strong interests in Russia. Herriot last year' visited Russia *#——___________——_ and arranged for soviet partici- pation in the Lyons fair. ‘What this means for all Europe can be judged from the note almost of ter- ror prevailing in the Polish and Roumanian parliaments. They see their large military subsidies cut off; they begin to fear that the new French government will deem Russia more important than Poland or Roumania. See Understanding With Russia. A France returning to the old policy of understanding with Russia,—that is what these little nations trained in the devious ways of European diplomacy see on the horizon. A sharp note sent by Chicherin to the Polish government regarding per- secution of the Russian religion, has caused a flutter in Warsaw. <It is amusing to see a Communist govern- ment rushing to thé defense of relig- ion, but the protest concerns viola- tion of the Riga treaty guaranteeing freedom to the small nationalities in Poland. At present the village churches, in villages of White Rus-| sians and Ukrainians, are being forcibly taken from the Greek church and given to the Roman Catholic Germany Cans Red Raider. Meantime Germany, where some misguided reactionaries so far got control of police powers as to raid the Russian trade legation on the day before the German elections—Ger- many has had to thake amends by apologizing and firing the chief of police who did the job. Time was when Russian delegations were raid- ed by anyone—in New York or else- where. Now these affairs lead to serious complications for the state in which they occur. The German elec- tions may stimulate French interest in friendly Russian relations. Anti-Russian Japs Lose. Across Asia, Japan has thrown out the military party which opposed Russia, and put in the business men’s group which désires Siberian trade. Prospects for speedy agreements have hever looked better. China has signed an agreement recognizing Russia. Anglo-Russian negotiations seem to be proceeding in a business like way in London. In all these directionsy Russia will consult her own interests. In spite of flutterings in the diplomatic centers of Europe, it can be predicted she will make no alliance with any other gov- ernments as long as she is ruled by Communists and they are not. But she may throw her trade in one direc- tion or another, where she receives the greatest advantages. Old Man Hughes Behind Times. And this is just the moment which Secretary Hughes seized to send a futile note to China, warning her that an agreement, with Russia will be con- sidered an unfriendly act. Hughes was ignored. The general tendency in Russia in foreign affairs is to swing from the old interest and admiration for Amer- ica, and to base,plans on Europe and Asia, “Emperor Jones’’ to Sing for National Negroes’ Conference (Special to the Daily Worker.) NEW YORK, June 18.—Latest deve- lopments announced-today for the 15th Annual Conference in Phila- delphia, June 1, of the National As- sociation for the Advancement of Colored People, include the followmhg items: The Sunday, June 29, mass meeting of the N. A. A. C. P, Conference to be held in the Philadelphia Metropolttan Opera House. The entite proceedings of this meeting, which opens at 2:45 p. m., daylight saving time, are to be broadcast by radio. Paul Robeson, for two years a mem- ber of Walter Camp's All-American football team, member of Phi Beta Kappa Society and star of Eugene O’Nell’s “Emperor Jones” and “All God's Chillun Got Wings,” will sing at the Metropolitan House meeting on Sunday. Labor Crawfish — King of League’s “Labor” Annex (Special to the the Dally Worker.) GENEVA, Switzerland, June 18.— The “labor” annex of the League of Nations, the international labor coun- cil, opened its sessions here today with the election of Hjalmar Branting, Social-Democrat as president, Branting, a Soclal-Democrat, was premier of Sweden during the period immediately following the war, and was instrumental in keeping organ- ized labor under the domination of the League, He is present Swedish rep- resentative on the council of the League, Acclamation greeted the an- nouncement of his election, Another Poli GENEVA, June 18. nace Brant- ing, Swedish representative on the council of the League of Nations and tormer premier of Sweden, was unapi- ‘mously elected president of the Inter- national Labor Conference, KLAN COUNTS PROFITS NEAR MILLION; NUMBER NEW KNIGHTS 338,593 * NEW YORK, June 18.—If all the nighties of all the 338,593 members that the Ku Klux Klan has gained in the past year could be gathered up and shipped to Europe, there would be enough woolen goods to clothe the children @f France, Ger- many and Roumania during the en- tire period of the coming economic depression. Profits to the Klan from the sale of nighties this year totals $926,285, out of the year’s $2,208,809.44 re- ceipts. Almost a million dollars were gotten out of poor suckers for the privilege of parading the streets.in official negligee. Officers of the Klan got $870,000 for inspect- ing uniforms. The rest of the $1,- 282,623.61 spent by the Klan: this year went for tar, feathers, ropes and acetylene torches. Progressive Tacoma Central Body Hit by Aged Labor Faker (By the Federated Pres: TACOMA, Wash., June 1! compliance with the disciplinary de- mands of the executive council, Amer- ican Federation of Labor, as trans- mitted by President Samuel Gompers, was quickly voted by the Tacoma Cen- tral Labor council. Neglect to. do so would have meant automatic lifting of the Tacoma charter within 60 days. While the acts obnoxious to the parent body were not specified they wete referred to generally in the Gompers letter as failure by the Ta- coma body to confine itself to its own territory; failure to recognize the su- preme authority of the national and international unions within their in- dustrial jurisdiction; furthering rév- olutionary and dual movements; neg- lect of the laws of the A. F. of L. A demand for the report of Or- ganizer_C,.0. Young who made the/in- vestigation for the A, F, of “was voted down and concurrence with the ultimatum ordered expressed in a suitable resolution. The Tacoma council is the last of a quartet of city central bodies to re- cevie disciplinary attention from the executive council. Previous cases were Detroit, Minneapolis and Seattle. Rad- ical activity was involved in each case. Young Workers League to Picnic Next Sunday in Philadelphia (Special to the Daily Worker.) PHILADELPHIA, Pa., June 18.— The first grand annual picnic of the Young Workers League, branch No. 2, is coming off next Sunday, June 22, at the Louis Flaxman Farm and all fhe young people in town who have good sense are going to_be there. A glorious program of sports, dancing, eating, and everything picnicky will provide entertainment and fun for young and old, Fox Chase, car No. 50 on 5th street takes to Church Lane and the farm is nearby. CATALDO’S SPAGHETTI HOUSE 1537 W. CONGRESS ST, Phone Haymarket 4808 We serve Steaks and Chops Special Attention Given to Parties Established 1899 JOHN B. HESSLER SHOES FOR MEN, WOMEN & CHILDREN 2720 North Ave. CHICAGO PITTSBURGH, PA. DR. RASNICK. 5, Sune TMM A COOL PLACE . FOoR———— GOOD EATS Mohawk Restaurant & Lunch Room 836 W. MADISON STREET (near Green St.) where you will get quality and prompt service: ‘FRED. SCHWAMB, Prop. Thursday, June 19, 1924 DOUBLE-DEALING OF CAPITALIST DIPLOMACY SHOWN Newly Opened Closet Shows Skeletons. Mii] Special to the Daily Worker, BERLIN, June 18-~The doubte dealing tactics played by monarchist Germany and England in their elabor- ate preparations for the world war are revealed by documents to be published on the 25th of this month in the four teenth volume of official German Fore- ign Office documents. Territory and trade as factors in deciding the alignment of the goverm ments of Europe in the struggle were being weighed as far back as 1898, com respondence between Kaiser Wilhelm and Count von Bulow, then Foreign Minister, shows, Kaiser Guessed Wrong. Asiatic rivalry between England and Czarist Russia gave the emperor and von Bulow assurance that England, even if rebuffed by Germany, would never form an alliance with France as long as France was allied with Russia. Feeling safe from English agresston, Germany considered herself free to re- ject. suggestions of an Anglo-German alliance, put forward by Joseph Cham. berlain, colonial minister. A communication from Wilhelm te Bulow, dated April 10, 1898, readst, Wilhelm’s Note. “An honest understanding between England and France would in any event signify the end of the Russian- French union. Russia would be sute to notice England’s friendly attitude to Germany.” Bulow appended the following notet “That does not matter, provided the English cannot prove to the Russians nor the Russians to the Mnglish that we played a double game.” Ship Service with Russia Booming in Many European Ports (Rosta News.) MOSCOW, June 18—The State Black Sea shipping board is running fourteen regular lines during the cur- rent season. It is proposed to make large shipments of Donetz coal to the Near Eastern ports, where Russian coal is successfully competing with the English product. Steamers between Odessa and Vladivostok will ply four lines yearly, According to the State Commercial Fleet, the Italian shipping company “Lio}d” Triestina with the restoration of Russo-Italian relations, re-opening the Odessa- Trieste line. Mixed freight and passen- ger steamers are to ply between these two ports monthly, calling enroute at the ports of Roumania, Greéce and the Adriatic Sea. The Odessa-Hamburg line has been re-opened, With five Russian steamers doing this service. Besides mixed freight and passenger ships, there is a regular freight service, and the steamers call at Roumanian ports, Constantinople and Greek, Italian, English and Dutch ports. Send in that Subscription Today! E, W. RIECK LUNCH ROOMS Seven Places . 62 W. Van Buren | 42 W. Harrison 169 N. Clark 118 S. Clark 66 W. Washington | 167 N. State 234 S. Halsted PHONES, Aa sage gins ee Rieck yy Fine Soups and Freen” Commissary and 1612 Fulton St. 8616-7 Boston Baked read ade Coffee jakery : Phone West 2549 NEW YORK, ATTENTION! LAST SHOWING DOWNTOWN. FOR THREE DAYS RUSSIA and me 4 TALE OF TWO REPUBLICS Bight reels of stirring scénes from new life in Russia, ‘Actual exciting events from Germany’s recent poli unrest. An inside atory i the pa two most interesting countries, Also A New Russian Comedy THE MIRACLE OF THE sire so IVAN ites i” is, in confection MI = ga “ae | ‘ THE EAST : iE OPEN FORUM. “? 9 SECOND AVENUE (Corner Houston Street) . Wed., Thurs., Friday | June 18, 19, 20 One performance only at 8:30 P. M. ‘ : Hach Evening, = > Admission 35 Cents — Auspices: | 1 Wi ene: rae er