The Daily Worker Newspaper, March 18, 1925, Page 5

UNIONS ADOPT STAND OF REDS. ON CHILD LABOR ‘All Trades Behind Com- munists’ Fight NEW YORK, N, Y,, March 16.—The Workers Party and the Young Work, ers League of New York district following the program outlined by the central executive committee of the Workers Party’and the national exe- cutive committee of the Young Work- ers League in the campaign against ehild labor, have already circularized all of the unions and other labor and fraternal organizations with a letter and resolution unmasking the entire’ system of child labor exploitation ex- isting in the United States. The Workers Party and the Young Workers League will carry on astren- gous campaign in this district against child labor, not only by ex- Posing the child exploitation that exists in this city, but also by un- masking the bourgeois liberal organ- izations that pretend to favor the abolition of child labor. Only ‘thru the abolition of the entire system of capitalist exploitation will child labor be abolished. The Workers Party and the Young Workers Leagtie call upon the milit- ant members of the labor organiza- tions of this city to see to it that the resolution is acted upon in their organization, to see to it that mem- bers of the Workers Party or Young / Workers League are invited to speak on the resolution to insure the mo- bilization of their organization behind the Communist campaign to abolish child labor, Among thase organizations acting favorably on the resolution are: Mill- finery Hand Workers’ Union; Glass Bevelers, Mirror Workers’ and Cut- ters’ Union; Bakers’ Union No. 3, A. F. W.; Waterproof Garment Workers’ Union; Workmen’s Circle branches No. 54 and 546; Workmen's Sick and Death Benefit Fund Branch No. 103. etc. Old Revolutionist and Workers Party Friend Passes Away NEFFS, Ohio, March 13—(By Mail.) —Joe Haviecik, an active sympathizer of the Workers Party died, from na- tural causes at his home Monday even- ing at 10 p.m. He has been an active member of the miners’ union for the last 15 years having joined the union and worked in the mine since he was 15 years old. In the last miners elec- tion he took an active part in the cam- paign for the progressives. He leaves an aged father and mother both 66 years of age. His mother is now in a state hospital, having been sent there because of the constant worry that he would be draf- ted in the war to make profit for the bosses. Hundreds of his friends attended his funeral and great masses of flow: ers were placed on his grave. Max Salzman and J. J. Hoge spoke at the funeral. Irish Famine Relief and Defense Meeting in Los Angeles, Cal. LOS ANGELES, Calif., March 16.— Capmakers’ Local No. 26, and the Milliners’ Local No. 48, have unani- mously passed the protest resolution of the Labor Defense Council. The Machinists’ Local No. 311 have also passed the same resolution, and have collected $10.00 on the collection lists, The Upholsterers’ Local No. 15, a un- fon of 400 members, unanimously passed the resolution and voted $25. for the Labor Defense. The Workmen's Circle branches, and Co-operative Women’s Consumers League, have also voted $15 each for the same purpose, A mass meeting under joint aus- pices of the Labor Defense Council and the International Workers’ Aid will be held March 18, Wednesday eve- ning, in the Symphony Hall, for thé Irish Famine Relief, and the Labor Defense Council, to celebrate Parié Commune Week. E. Levin, city or- ganizer of the party, will be the chiet speaker, Sid Bush will also speak, (elty educational director of the party), and J, Stevenson, of the’ San Pedro branch of the party will act Sd chairman, Chicago, Notice! The local . DAILY WORKER AGENCY (Thurber Lewis, Agent) has moved to 19 SO. LINCOLN ST. Phone Seeley 3562 "4 Call or write for all Commun Books and Pamphlets The Little Red Library The Workers Monthly’ The Daily Worker = © Party Activities Of Local-Chicago Rumanian Branch, 2264 Clybourn Ave. Wednesday, March 18, Italian Cicero, Circolo Giovanile Hall, 14th St. between 51st Ave. and 50th Ct. Itdlian Terro’ Cotta, 2476 Clybourn Ave.; 3rd Fl, care Bottazzi. Czecho-Slovak No, 3, 2548 8. Homan Ave. City Central Committee 722 Blue Island Ave., 8 p. m. Wednesday, March 19. Russian No. 1, 1902 W. Division St. South Side English, 3201 S. Wabash Ave. 81st Ward Italian, 611 N. Sangamon St. South Slavic No, 1, 1806 8. Racine St. Meeting, Thursday, March 19 Russian, 1902 W. Division St. Friday, March 20, Polish North Side, 1902 W. Division St. Lithuanian No. 5, 3142 S. Halsted St. Greek Branch, 722 Blue Island Ave. Saturday, March 21. _ Social and Dance, Community Hall, 3201 8. Wabash Ave., under auspices of Y. W. L. Area Br. No. 8, and South Side Br. of W P. Admission 25c. New York Tailors Meeting Thursday NEW YORK CITY,—The workers in custom tailoring of New York and vicinity, are invited to a mass organ- ization meeting by the executive board of Local No, 1, Journeymen Tailors’ Union of America, to be held at Bohe- mian Hall, 321 East 78rd street, on Thursday evening, March 19, at 8 p.m. Prominent speakers in English and Italian. especially welcome. (Continued from page ae Milo and Lake, View, Me.;,.and, Dalton, Ga. (a@ recent addition)... The; Ameri- can Thread company controjs,.the Am- erican Thread company. ef Canada, Ltd., incorporated on Sept. 26,, 1922, in Canada with an authorized .capital- ization of $1,000,000. r Bonds the Best. Just as the bonds of industrial slav- ery hold the mill workers BO are the bonds ofthe do-noj lass of coupon clippers safe and , sound. The mill slaves are tied to?thé mill town. Profits are securely tied to the bonds. Et The rating. given these bonds ($6,- 000,000 outstanding) is Aaa (the high- est rating) which means. regular in- terest. The bonds are secured. by a first closed mortgage on all ‘the com- pany’s fixed assets, namely land, build- ing, machinery and equipment ap- praised at time of issue at over $18,- 000,000. There are 1,200,000 shares of five per cent cumulative preferred stocks (par $5) authorized $6,000,000, which have preference over common in draw- ing dividends. Dividends have been paid regularly, semi-annually since the organization of the company. Robbery. There are 1,200,000 shares of com- mon stock with a par value of’ $10, total $12,000,000. But par value was increased from $5 in December, 1919. There is paid up, according to Moody’s Manual of Investments, $9 per share, But in December, 1919, when an assessment of $2.50 per share was called, the stock owners paid nothing. They added the $3,000,000 by trans- ferring it.from various reserve funds, as follows, From reserve for ann $1,957,142, General reserve fund, $300,000. Bond redemption fund, $742,858, Total, $3,000,000, In June, 1921, an assessment of $1.60 per share was made payable July 8, 1921, making the total paid up common ($9 a share). Moody's Man- ual does not state where this money’ came from for the $1.50 assessment. But it ts quite safe to assume that the same procedure was followed as in the previous robbing of money by jug- gling profits put in the reserve fund and placing it as capitalization, which is supposed to represent actual cash invested. But the American Thread Co. is simply following in the footsteps of the other corporations which make such huge profits from the workers’ labor power that they increase their capitalization. They figure: If this. corporation now yields large dividends. we will increase ‘the capital arbii > and then the dividend percentage we make will only be half or a third of What it was. We cannot then be accused our workers. of making exorbitant profits, So the American Thread, when {jt saw its profits increase, this international financial meth well known to Wall Street. share prior to 1919, value $5, bs Ki as dividends, it was 20 per cent; THREAD TRUST CUTS WAGES SLEVELAND TO AVE COSTUME BALL, APRIL 5 All Countries Will Be Represented CLEVELAND, Ohio, March 16.— Preparations are well under way for the entertainment, bazaar, and inter- national costume ball to be given by local Cleveland, Workers Party, on April 5, in Gardina’s Hall, 6021 St. Clair Ave. The entertainment in the afternoon will include a musical program by various singing societies and musi- cal organizations of the Cleveland workers. The Finnish workers’ ath- letic organization will present a gym- nastic exhibition and special features are being arranged in the line of en- tertainment. The Hungarian, Jewish, and Lithu- anian branches have already promis- ed to have branch booths; and sev- eral other booths are counted upon by the local entertainment committee. The women’s meeting on March 8, de- cided that the women of the party should make a special effort to se- cure donations of food for the re- freshment stand. Everyone ig requested to come to the ball in the evening dressed in their native national costume. An in- ternational costume ball is somewhat of a novelty in local Cleveland, but should be all the more attractive be- cause of that, The admission to the afternoon and evening combined will be 25 cents if tickets are purchased in advance or 45 cents at the door, Tickets have been mailed out but anyone not receiving a supply to sell whether party members or sympathiz- er, should get in touch with the office, room 18, 5927 Euclid Ave., phone Ran- dolph 4065. Let all get together and the hopes of the local entertainment committee will be easily realized to Unorganized tailors are | have this local Cleveland's biggest af- fair, but on the basis of $10 it is only 10 percent. Dividends on. common stock were paid at amounts varying from 14 to 81 cents a share in each year from 1900 through 1914, except 1902, when none was paid, according to Moody. On a par value of $5, this means a dividend of 2.8 per cent to 16.2 per cent for those years. Dividends paid since then are on March 81 of each year. 1915—45c or 9 per cent. 1916—64c, and 27c extra. Total 81 cents or 16.2 per cent. 1917—limonths to Feb. 28, 49%4c plus 27c extra. Total 76%c or 15 per cent for 11 months, 1918—13 months to March 31. 58%c plus 45¢ extra. Ttotal $1.03% or 20.7 per cent for 13-months. 1919—60c plug 40c extra. Total $1 or 20 per cent. 1920—T5e plus 37%c extra. Total $1.12%4 or 22 per cent. 1921—60c plus 50c extra. Total $1.10 or 20 per cent. 1922—90c or 18 per cent. 1923—$1.08 or 22 per cent. This is being figured for the years 1920-23 on the old par value of $5 per share of common stock, for the In- creased capitalization is fraudulent. On a $10 valuation, the dividend percentage is decreased by one-half, and'many who do not know how this was done, fall victims to this error. The record shows bonds and stocks getting regular interest or dividends, even while wages were cut. The rec- ord shows clearly that the cut in wages is without foundation whatso- ever, But when did any capitalist concern need any justification for a wage cut? It has the power. It uses it without pity, without mercy, in the struggle of capital against labor. Waters of Wabash Give Many Families the Watery Blues TERRE HAUTE, March 16.—With miles of the countryside under water today and the rampant Wabash river continuing to rise slowly here, hun- dreds of families in the low lands fled from their homes to the protect- ed districts. Flood damage already had mounted to thousand of dollars, reports reach- ing here today from various sections of the flooded district indicated, Bridges were washed away, roads were undermined and scores of small farm buildings swept along in the path of the flood. The Wabash river here stood at 19 feet this morning, with further rise inevitable as 21 feet were reported at Clinton, 15 miles north, Special Junior Group leaders meet- isday, March 17, 8 p, m, at Avers Ave, ‘#foup leaders must attend, many rtant matters to be discussed. 1 sub—make another Com so salt as tt: = > GIVES BANKERS PERPETUAL GRIP Workers Party Has the Only Real Program While Mayor Dever, enlisting the aid of his political allies, the Chicago Tribune and the Chicago association of commerce, was holding a meeting in the city hall, drilling 50 lawyers ana business men in what to say in favor of the traction ordinance, opponents of the measure pointed out that the Chicago Surface,LLines have no right to their present franchise, The 1907 ordinance, under which the bankers operate Chicago’s tractior system, stipulatés that the stockhola- ers must build:23.miles of extensions. The franchise has practically run out, and the Chicago Surface Line stock- holders have Wroken their contract. The ordinance provides that if the ex- tensions are nofmbuilt, the bankers re Inquish control of the streets. City In Alliance with Bankers. Under this clause, the city coula dictate to the Bankers the terms of a new franchise,,or take over the lines at the city’s own price Instead De- ver has formed jan alliance with the bankers and under the guidance of his “municipal ordjmance,” would give the bankers a perpetual franchise on the car lines, with’many advantages they did not previously have. One of these: advantages is exemp- tion from taxes. Last year the sur- face lines paid a tax of $2,915,000 and the . elevated lines paid $1,406,132. Under the terms of Dever’s ordinance, however, the stockholders are exempt from this tax, altho the securities held by Samuel Insull and the bankers are more valuable’ than ever, after the or- dinance takes effect. | The Hearst-Thompson alliance, with which the Chigago Federation of La- bor- is flirting;.following Dever’s re- fusal to continue: his political friend- ship with the, Olander-Walker-Fits- patrick clique, is making criticisms of Dever’s. ordinance, but puts forwara no program for the future control of the traction Jines. Communists;Demand Confiscation. The Workersi: (Communist) Party demands that the city confiscate the traction, lines,ofind that the workers who run themsalso be given complete control of them, thru workers’ com- mittees formed«within the unions of the traction workers. ANTI-RED POLICE RAID: FLAYED BY ‘WORKERS PARTY (Continued from page: 1.) facts in the case.” They know that the pageant that these workers were to take part in Was advertised for months and that permission to hold it was ob- tained from thé’proper authorities. “They know that the ancient mus- kets were hited from a theatrical costuming *cémphay, they know that the police ‘depdttment informed the committee in ‘charge that a permit to use the muskets in the pageant was mot necessaty."° Why then these ridiculous’ anti¢s on the part of Gegan, why the brutal“indifference of Magis- trate Weil to the facts on the case and the rights of the defendants? The Opening Flourish, “The Workers (Communist) Party understands that this attack is the opening ‘flourish of a more general offensive which is being launched against the American workers after the elections to reduce their wages and destroy their organizations, that it is an attempt to disoredit the Work- ers-(Communist) Party as the only Party fighting in’ America today on the side of the WOrarS against the ‘cap- italists. “The Workets’ (Communist) Party will not be stopped by these stupid tactics but wil’vontinue its fight for the workers ‘against all attempts to exploit and crusi-them. The Workers (Communist) Party of America warns the workers ofthis country of the at- tacks that are coming and calls upon them to unite With the Workers (Com- munist) Party°in determined resist- ance.—Workers. Communist) Party of America, NeW?York District No. 2.” SS Cal Fires Experts to Make Room for Political Friends WASHINGTON; March 16,—Follow- ing the exampl§.in the interior de- partment, and particularly in the re- clamation service and forest service in the past three years, the Coolidge administration is to get rid of some of the best scientists in the department of agriculture. At least two of these men, internationally prominent in the special fields. to which they are devot- ing their lives, qe getting out. Pres ure from the men made their posi- mendations were rejected by congress. MM DAILY SAREE sub means another Conpretiade Page Five ADES--JOIN US! SECOND ANNUAL SUB CAMPAIGN CAAA March 15---June 15 Thousands of workers will be devoting their __ i time and their energy to “Build the DAILY i WORKER” during this time. { Thousands of workers will be donating part of their meager funds better to establish the paper that has fought their battles so well ; in the past year. “The Eyes of World Labor Will Watch Us!” JOIN ‘US! in the Second Annual Sub Campaign. Get in the militant ranks of the BUILDERS of the labor movement who will be trying in the shop, the union and at every opportun- ity to get another sub to build THEIR DAILY WORKER. The militants are growing in numbers, their ranks are swelling quickly—and a greater DAILY WORKER can be built in this cam- paign to bring the revolutionary movement of this country a step closer to working class power! 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