The Daily Worker Newspaper, January 2, 1926, Page 3

| FARM CRISIS HAS COOLIDGE RULE WORRIED Meetings “Arranged to Hold Farm Support (Special to ‘The Dally Worker) WASHINGTON, D. C., Dec. 30.— ‘The effort to retain the farmers for support of the Coolidge administra- tion is taking the form of a series of meetings arranged by Secretary of Agriculture Jardine for the month of January, } " Jardiné will hold conferences with representatives of different groups thruout the:month,” On January 21, he will speak to an agricultural meet- ing at Champaign, Ill. But this is only one of a whole series of meeting be- ginning today at Des Moines, Iowa, in the center of the district most effect- @d by the recent wave of bankruptcies, Political Threat, The so-called “farm bloc” is try- ing ‘to have the government actually handle the crop yields by terming it @ surplus that should be exported or otherwise disposed of by the all wise government, which either must sell it on the world market at enough to avold loss, or charge any loss back by|To Draw w Legislative an excise tax on that part of the product consumed in the domestic market, The pressure upon the administra- tion is taking the form of a threat to withdraw support from the Coolidge administration. Signs of Worry. That the Coolidge administration is disturbed by the threat, is shown by the suggestion of Coolidge to esta- blish a division in the agricultural department to help co-operative mark- eting. This seems certain to be pas- sed by congress. The “surplus com- migsion” may be combined with this anticipated division. Another .symptom of fear by the administration is shown in Coolidge’s instructions yesterday to Secretary Jardine and Secretary Hoover, to give government aid if possible to one of the large co-operative societies of California.. Which one of these well- known monopolies known as co-oper- atives is affected, was not revealed. Dutch Fail to Form Cabinet; Demand New Parliament Elections THE HAGUE, Dec. 30.—The latest attempt to form a new Dutch cabinet has failed.. Dr. Devisser, leader of the anti-vatican historical christian party, are growing more insistent, ‘CANADIAN TRADE COMMISSIONER STIRS IMPERILIST RIVALRIES BY PLEDGE TO PAN-AMERICANISM Acknowledgement that the economic United States of America has an- nexed Canada, forming a single financial empire for exploitation of all workers of the western hemisphere, marked the address of Frederic Hudd, Canadian trade commissioner in the United States and special delegate to the Pan-Am- erican commercial congress in New York. His statement to the congress aroused jealous comment in England whioh still thinks of Canada as part of the British empire. Pledged to Pan-Americanism, “Oanada,” said Hudd, “is an integ- Tal part of economic America. Can- ada is the eldest daughter in a rreat commonwealth of nations but her im- modiate déstiny lies on the North American continent. Canada’s invest- ments in Central and South America are considerable, and her trade with the United States and these countries is steadily growing. The commercial economic and strategic problems com- mon to us all furnish indestructible grounds for enduring and permanent : . In behalf of the Can- ‘adian delegation here I pledge our al- legiaiee to Pan-Americanism in its broadest spirit.” « Hudd voiced"‘Canada’s conviction that “therevis no problem too difficult for, the..countries of Latin-America |, .. and North America to solve provided janet y stand together as a United ates of the American continent.” ., Invasion of Two, Billion. This pledge from commercial Can- ‘ada follows moves by the Canadian government to separate its foreign Policy from that of England. Behind the ecenes lies the invasion of Canada by over 2,000,000,000 American dol- Jers. These billions, poured in be- tween 1915 and 1925, gave U. 8. finance a claim on Canada exceeding by half a@ billion dollars the claim of The most recent figures contrast- ing Canadian investments owned in the United States with those owned fn England shows: Investments in Canada Banking and insurance ......... MOPtBAmOm oacosicesvsrnsoseccerenrsvcrrere is failure to the queen. De-|move wart to introduce the plan of mands for a dissolution of parliament | inflation wiih a dictator in power to $701,000,000 «sisi 870,000,000 — oscsseevees 826,000,000» sseveseiese 236,000,000 sessesseers 188,000,000 =f ’ RISE AND HOURS SKILLED FOUNDRY WORKERS’ WAGES FALL; MACHINES THROW MANY OUT OF EMPLOYMENT eneral improvement in the wages and hours of fundry employes thruout the country between 1928 and 1925 is reflected in a U. S. department of labor report covering 413 establishments with over 40,000 employes. In the two-year period the average wage paid. in foundries has advanced five cents an hour while nearly an hour has been knocked off the average fulltime week. Hm- BRITISH PRESS GALLS HERBERT HOOVER BIG ‘HOT AIR MERCHANT’ LONDON, Deo, 30.—American dis- cussions of a possible trade war be- tween the United States and Eng- land as the result of British rubber restrictions are attracting wide at- tention and causing bitter criticism here. The Daily Sketch refers to Secre- tary of Commerce Hoover as a “hot- alr merchant.” BANKERS HOLD CONFERENCE AS CRISIS GROWS Program DES MOINES, Iowa, Dec. 30.—The conference of bankers, businessmen, agricultural interests, the entire Iowa delegation in the senate and house has started to grind out a legislative program to meet the crisis staring them in the face in the agricultural districts. This conference which has been ‘called by the bankers following a series of bankruptcies and the falling of the price of corn to 50 cents per bushel and the farmers leaving their farmers, despite the fact that the yield this year was greater than at any other period. Many of the senators: atid congress- men in Washington, who represent the banking interests, aré watching the outcome of the conference. German Papers Want Currency Inflation to Kill Credit Shortage BERLIN, Dec. 30.—Inflation of the German currency is urgéd ‘by a num- ber of leading German papers 4s a means of competing with the French, who have an inflated ctirrency, and as a means of killing the eredit short- age which exists, The organized group, pebind this carry it out. An Annex to the U. S&S, How British interests feel about this invasion of Canada by American capital was reflected in a New York Times editorial of June 6, 1923. Said the Times: “This American inva- sion of Canada has excited a certain alarm on the part of some British in- terests. They are disquieted by the way in which English investments in Canada are being outstripped by America, The statement was recent- ly made to the Canadian chamber of commerce in London that if’American capital continues its present rate of flow into Canada it will, before long, control 75 per cent of the natural re- sources and industries of the domin- fon, With this form of fi ‘1 con- quest, it is feared that there will go forward an unwelcome Amertcaniza- tion of Canada.” “Economically and soctally,” said the U. 8. rt Se emt OTS year ago, “Canada may be considered a8 a northern extension of the United States and our trade with Canada is in many respects more like domestic trade than our ‘foreign sped with other cov’ ties.” Foreign Exchange. NEW YORK, Dec. 30.—Great Brit- ain pound sterling demand 4.84.%; cable 4.854%. France, franc 3.78; cable 3.78%. Belgium, franc 4.5: cable 4.53%. Italy, lira 4.03%; cable 4,04, Sweden, krone 26.83; cable 26.85. Nor- way, krone, 20,26; cable 20.27, Den- mark, Krone, 8; cable 24.70. Shan- shai, taels 78,00. By U. S. By England $456,000,000 145,000,000 745,000,000 | 60,000,000 100,000,000 116,000,000 100,000,000 5 80,000,000 } 85,000,000 8,000,000 50,000,000 35,000,000 25,000,000 6,000,000 ee re an ae ployment, however, has dropped 20 per cent largely due to labor saving machinery and ‘speeding up. The foundries covered are engaged in casting parts for engines and ma- chinery. The average employe in 1925 received 60.8 cents an hour and $31.31 a week. The 1923 averages were 55.8 cents and $29.24. This was @ gain of 9 per cent in hourly earn- ings and 7 per cent in weekly earn- ings, despite the shorter week. The average fulltime week fell from 52.4 hours in 1923 to 61.5 hours in 1925. This reduction, the depart- ment explains, is due less to a short- ening of the hours per day than to the recent practice of eliminating Sat- urday work altogether. The largest reduction in hours affected machine molders whose average week fell from’51,9 to 50.1 hours. The average wages of the foundry crafts are shown for 1923 and 1925 as follows: Average Per hour Per wk. Fdry. wages 1923 1925 1923 1926 Cts. Cts, Chippers and rough grind- ers 52.1 $24.41 $26.83 Coremakers 73.2 35.47 36.82 Crane oper. 56.2 27.93 29.62 Cupola tend. 63.5 28.61 32.96 Laborers 48.1 22.90 25.25 Molders, hand, bench 72.9 35.24 36.67 Molders, hand, floor 80.2 37.32 40.32 Molders, ma. “67, 8 73.3 35.19 36.72 Molder helpers, floor .. 3 46.0 22.60 23.83 Patternmakers 75.0 80.0 38.38 40.40 Rough carpenters ..53.4 59.1. 27.77 30.20 Hand molders and patternmakers top the foundry occupatiéns with 1925 wages averaging about. 80 cents an hour and $40 a week. This represents a bigger 2-year gain for molders than for patternmakers. Since 1923 hand molders have advanced their hourly earnings 11% per cent afd their weekly wage more than 8 per cent. The corresponding gains for pattern- makers have been 6% per cent and 5 per cent. Hand molders receive the highest wages in Massachusetts where they average 97% cents an hour and $46.70 a week, At the other extreme molders in Texas get 63% cents an hour and $31.88 a week. Patternmakens receive the. highest wages in Washington with an aver- age of 99.2 cents an hour and $47.52 a week. Other states in which rates average over 90 cents an hour are California, Colorado and Oregon. In three states patternmakers receive less than $35 a week. These are Maine, Minnesota, and Wisconsin, The. largest single group in the foundries today are the laborers. Of the 40,000 foundry employes in the 1925 report over 11,000 belong in this low-paid class. But their 2-year gains of 12% per.cent in hourly earnings and 10 per cent in weekly wages are relatively larger than the skilled oc- cupefions. Their conditions vary widely from state to state. Fulltime hours range from 46 in Oregon to 58 in Minnesota, their hourly earnings from 25.8 cents in Georgia to 55.4 cents in Washington and their week- ly pay from $14.37 in Georgia to $28.67 in Illinois. The International Molders’ Union of North America reported 27,500 members to the A. F, of L. in 1925 compared with 60,000 in 1915. The Patternmakers’ Leagué .of North America reported 7,000 in 1925 and 6,500 in 1915. HONOR ROLL OF WORKERS AIDING PRESS Shop Nucleus Ne. 1, Det Mountain Vv Ci Joseph Falick, Gh South Slavic ge! Calif. Jetroit. Mich, ‘ORK DONATI! a Jection 10 C, o Jollection, Sec, darry Left Section 1 Jewish Sh fut Brow ny Tyee A Y. W. L. 29, L. Marguli coy a Harlem, 7. ‘Grumberg svsesunnnes a her Bho pt Fichionannsbrvee ret Hin ously. reported —-...... 81,072.88 ‘Total ban} date ssemmhninine, oLABEE THE DAILY, WORKER FARMERS DEMAND MAILING RIGHTS FOR NEWSPAPERS Mass Meeting Denounces Interference RED DBER, Alberta, Canada—At a mass meeting of over 240 farmers here the following resolution was adopted protesting against the re- fusal of secon-class mailing rights to the Ukrainian working women’s and farmers’ papers and demanding that the second class rights be granted these papers and that such occur- rences do not .wepeat themselves in the future, “WHEREAS,;the postmaster gen- eral has refused second class privil- eges in mailing from the Working Woman, a Ukrainian women’s paper, and the Farmers’ Life, a Ukrainian farmers’ paper, published by the Workers’ and Farmers Publishing As- sociation, Ltd., and this has been done without any geason. “AND WHEREAS, such action is nothing but ati’open attempt to crush the freedom of expression and priv- ileges from the’ thousands of readers and supporters of these papers. And while being a @iscrimination against the Ukrainian’ farmers and workers, it constitutes a ‘basis for attack against all farmers and labor and against their freedom of expression. This ac- tion also is a'step to a complete sub- jugation of the°national minorities in discussing the affairs of the farmers and questions facing them as citizens and settlers of Canada. “BE IT THER6FORE RESOLVED, that this mass meeting of the farm- ers of Red Deer district hereby raise a most vigorous protest against such action of the authorities and demand that mailing privileges be granted to above named papers without any dis- crimination, and that actions like this on the part of authorities should not occur again the future. “BE IT FURTHER RESOLVED, that copies ofthis resolution be sent to the postmaster general, the minis- ter of justice and the prime minister of Canada.” © + __ Scientist Talks of Harnessing Aurora Bojtalis for Power LOS ANGELES, Cal,, Dec. 30.— America’s grept cities will be heated by energy fora the aurora borealis and huge ships will ply between southern and the north pole region “Machinery to develop the resource”‘of the frozen north within the #xt 50 years, John C. Philltp, Philadelphia electrical engi- neer, predict here. “Science knows there is a vast ra- dio activity If the rays of aurora borealis and the real secret of that mysterious phenomenon is expected to be knownlwithin a few years,” Philip declared): “There is every pos- sibility that the aurora borealis will prove one of the most titanic sources of energy in the reach df man.” The engineer declared the polar country was rich in platinum and other minerals and said the United States should» never relinquish its right to the north pole area, estab- lished by explorations of Peary. Head of Farm-Labor Union Says It Fears “Democratic Deals TEXARKANA,¢Tex., Dec. 30.—(FP) ~The national’ convention of the Farm-Labor Union of America, pre- ceded by similar action by the Texas state convention; has withdrawn from the farm-labor political conference of Texas, Oklahoma and Arkansas, At the same time thany of the delegates without involving the organization re- sponded to theveall of E. R. Meitzen, former editor:sof the Farm-Labor Union News, todaunch the labor party of Texas, Oklahoma and Arkansas are expected to follow suit before the spring campaigns. The Farm-Labor Union president, W. W. Fitzwater, declares that the withdrawal from political action was aimed chiefly at the deals in the dem- ocratic party and was not to be con- strued as a refiisal of the organized bp farmers to co-operate with je city pete cee Chicago Fighters age Increase Chicago fire-fighters in their appeal for higher wages point out that the $2,200 per year that a fourth year fireman earns is anywhere trom $200 to $400 below the wages paid in other clties—larger and smaller than Chi- cago. They point out that they must work 84 hours per week and that their hourly rate of wages amounts to about 54 cents per hour, The fire marshal $8,000 a yi the as- sistant marshal $6,500; battalion chiefs $3,700; gaptains $2,900; lien- tenants $2,600; while the fourth year fire fighter $2,2Q0 the third year fire fighter $2,140, second year fire ‘00 | ighter $2,020 first year $1,840, Watoh the Saturday M @ agazine piesa hig sme spore ‘week. snl sue to to your fellow worker, om” LABOR: LEFT THE BIGGEST PROFIT SINCE 1919 IN THE STOCKING OF THE BOSS ES THIS CHRISTMAS By LELAND OLDS, Federated Press. Anthracite profits equivalent to more than a third of the entire capital stock were reported for 1924 by Lehigh Valley Coal Co., a big subsidiary of the Morgan combine which is trying profit after all deductions for depleti to $3,301,971. The exoribtant nature of this pro: fact that it is reported as $2.7 issued by trustees against the stock: in the process 0: parating the com- pany from the Lehigh Valley railroad These certificates, however, represent $9,465,000 of stock, making the real profit approximately 35 per cent. The 1923 profit of Lehigh Valley coal amounted to $4.32 per certificate or more than 55 per cent on the stock. In the seven y s 1917 to 1923, this coal company paid the railroad annual dividends averaging $3,535,104 or 37 per cent a year. The seven-year to- tal wails more than 2% times the ori- ginal investment. Gosh, How the Money Rolls In! Declaration of a 50 per cent stock dividend by the American Can Co. calls attention to the huge profits this combination of more than 100 separate companies is making out of the growing demand for canned goods, The stock is being split up, each stockholder getting 6 new shares for each original share. This juggling enables the directors to pay cash divi- dends at the rate of 12 per cent a seeing only a year with the public modest $2 a share. In 1925, American Can will make close to $30 on each $100 invested in common stock.__This follows $20.50 on each $100 in 1924, $19.63 in 1923 and $18.30 in 1922, The 4-year total amounts to more than $88 on each $100 of investment. Hudson Motor Car’s 1925 profit of $23,000,000 are justs one more illus- tration of the wealth that speed-up automobile workers are pouring into the coffers of the investor class. This profit is equivalent to the combined profits of the three preceding years. It is reckoned at 17.50 a share, but according to the Wall Street Journal, it amounts to approximately 100 per cent on the entire invested capital of the concern. Says the journal: “Every dollar which stockholders left with the management at the beginning of the year has since grown to nearly $2, for the company earned about 100 per cent on its invested capital in the 12 months.” Biggest Profits Since 1919. A profit study based on the reports of 156 industrial companies, 58 pub- lic utilities and 31 railroads shows 1925 as the most profitable year, for. It in- the investor class since 1919. cludes 27 automobile companies which will make 23.8 per cent on their en- tire invested capital against 12.4 per cent in 1924.. It shows 14 non-ferrous metal companies making 6.4 per cent compared with 1.7 per ent in 1924, 19 oil companies making 11.6 per cent compared with 7.5 per cent, @ group of steel companies making 5.8 per cent compared with 5.2 per cent and 79 miscellaneous companies with 11.2 per cent profits compared with 9.6 per cent in 1924. The public util- ities approximate 7.5 per cent in each year while the railroads have increas- ed their return from 5 per cent to 5.3 per cent. Such profits have made possible the more than $100,000,000 in extra dividends which are adding holiday cheer to the homes of the wealthy own- ers of industry. But we hear of few instances where this prosperity finds. its way into the workers’ Christmas stocking. The “Right to Beg” Now Established as a Civic Principle Thru the effective intercession with Mayor Dever of President John Fitz- patrick, Chicago Federation of Labor, the Fraternal Order of Blind Men is about .to regain the right to have blind persons beg on Chicago streets unmolested by the police. This is a victory against the Im- provement Association for Blind Peo- ple, an organization that offers jobs to a few blind people at $11 a week. On the representation that it was taking care of the blind and training them it induced the mayor to have the police arrest all blind beggars and peddlers. Supt. O. W. Fremer of the association maintains that $11 a week is enuf for blind people. * “If I were blind I certainly would not work for $11 a week,” Mayor Dever told Fitzpatrick’s delegation of blind men and promised that he would look up the law and instruct the chief of police to act accordingly, He will like it! Give your union brother a sub to The DAILY WORKER, If you want a certain book and you can’t.come down---just.call to crush the miners’ union. This net ion, depreciation and interest amounts fit is concealed from the public by the 2 on each of 1,212,160 certificates of interest TEXTILE BARONS SLASH WAGES T0 Huge Dividends Paid to Investors BOSTON, Dec, 30—While the dustry of New England are continu- ally being cut below are some of the profits that have been made by a number of the textile mills: The Butler mill paid dividends as follows: 1919, 7 per cent and 5 per cept special; 1920, 8 per cent and 15 per cent extra; 1921-24, 8 per cent per annum. It paid a stock dividende in 1910 of 20 per cent; paid dividends 6 per cent per annum from 1915 to 1919 inclusive; 8 per cent from 1920 to Feb. 1, 1924; thereafter, regular dividends of 6 per cent per annum, paid quar- terly. The New Bedford Cotton mills cor- poration common stock increased by 200 per cent stock dividend in 1922; that is, from $350,000 to $1,050,000. Other dividends not reported. The Quisset mill paid dividends in 1914 and 1915, 6 per cent; 1916, 7% per cent; 1917 to 1924, inclusive, 8 per cent pgr annum, Extra dividends were paid as follows: 1917-18, 20 per| cent; 1919, 60 per cent; 1920, 20 per| cent; 1922, 50 per cent; 1923, 60 per cent stock dividend, which increased the capital stock from $50,000 to $2,000,000, Tobacco Trust Is WASHINGTON, Dec, 30—President Coolidge, it was stated has made a brief examination of the tobacco |report submitted to him by the fed- leral trade commission in compliance witha senate resolution, and has found no evidence of any illegal trade of ithe two companies involved, the American Tobacco company and the Imperial Tobacco company, a British }concern. The report, which is quite voluminous, has been transmitted to Attorney General Sargent for exam- ination. Would Build Memorial EAST ST. LOUIS, Ill, Dec, 30.— Union has received an invitation from union miners of Herrin, Ill., and vicin- erect a memorial to Ora Thomas, idol of the union coal diggers, who was killed in a gun battle with S. Glenn Young. - Local sentiment is Daily Worker BIRTHDAY PARTY January 15 in CHELSEA = given by the Jewish branches of Chelsea, Revere, Lynn and Winthrop at the LABOR LYCEUM, 453 Broadway, Chel DANCE and enjoy yourself in the Popularity Contest and other features, Admission 50 Cents. PILE UP PROFITS wages of the workers in the textile in-| O. K., Says Coolidge} practices. or wrong doing on the part} | to Mine Union Leader|| The East St. Louis Central Labor ||| ity, to participate in a movement to| || being || sounded by questionnaires to East St. | || Louis unions, ‘WORTH LESS TH Land Fall INDIANAPOLIS, Ind., Dec, 30—Ime diana farm lands and buildings havei” shrunk in value approximately $1,000.) 000 in the last five years, according to the 1925 farm census taken by the’ department of commerce at Washing- ton, Valuation Decreases, Farm lands and buildings at thé present time have a total valuation of $1,696,904,863, as compared with 973 in 1920, a decrease of 110. The acreage itself was at $3,202,566,336 in 1920, as $ valued compared with $1,269,240,987 at the present time, This represents a drop in valuation of $933,325,349, Buildings on farms are worth $28,413,761 lees than they were five years ago, The average value of every acre of m land in the state at present is In 1920 every acre of farm land was worth $125.98. Fewer Farms, There are 9,341 fewer farms im Im diana at the present time than in 1920. As a result of the shrinkage there are 1,145,552 more idle acres in the state than there were five years ago. If 1920 there were 21,063,332 acres of farm land. The total at present 4 19,917,780. In 1920 there were 205, 126 farms, and at present there are 195,785. “You Don’t Get Rich By Working,” Wisely Says Realty Scheme As the real estate bond market be: | gins to rumble with large crashes of | investment houses the wage earner ix | being lured into the game by large promises of getting something fer nothing. ¢ The firm of H, 0. Stone & company, ell which claims to have “originated 1835,” is circuralizing workers what it calls “A new plan to c1 wealth without working,” stating No one ever acquired riches by ing with his hands. Our new plan ables a man to create an estate of t mendous size with little effort.” Read—Write—distribute The D WORKER. LIVE PAGES Directed by \| Emma Blechschmidt \| with | A Cast of 30 People. i | Costumes and Scenery, | by Lydia Gibson, This Unusual Feature Will Be Part of the Daily Worker i | BIRTHDAY | PARTY } at IMPERIAL HALL, 2409 N. Halsted ie» Chicago, Il. Wednesday, Jan. at 8 P.M, ADMISSION 50 C