The Daily Worker Newspaper, April 13, 1927, Page 3

y WORKER, NEW YORK, WEDNESDAY, APRIL 13, 1927 tae THE DA Va + Three SHIPSTEAD SAYS See ov ahers LATIN AMERICA | SUSPECTS U. S. Senator Henrik Shipstead of Minnesota, ' returning yesterday gn the Panama Railroad liner Ancon, contradicted the rosy picture of con- ditions in the Caribbean presented by Secretary of War Dwight F. Davis, returning on the same ship. “The people of the Caribbean will rlways suspect, us while we have our marines down there,” Senator Ship- stead said, “I believe that we have a great opportunity for making friends in that area, and the time is coming when we will need friends.” When asked about conditions in Haiti, Secretary of War Davis main- | tained a discreet silence. | Train Kills Three. CHICAGO, April 11.—Three per- sons were killed today when the auto- mobile in which they were riding was struck by a Chicago, Milwaukee and St. Paul locomotive. The dead: Hi- ohnson, 27; Mrs. Allison Wal- 32, and her daughter Margaret, INSURANCE SWINDLE GOT (Continued from Page One) cannot lose a single dollar in a state) supervised bank, scores of millions} of dollars are lost every year in State) supervised industrial life insurance companies, | The needlessly lost iffoney that flows into the coffers of the “Big Four” through forfeitures is positively apal- ling. If it were money that was not taken from the toiling masses of America one could say that one “views the situation with alarm” or! “we note with disapproval.” But; this money is wheedled and scared out of a class which 1s looted by a eynical band of financial hi-jackers—_ and that puts an entirely different complexion on the matter. \ No official figures are available on the subject, but conservatively esti-) mated “industrial” forfeitures in the “Big Four” are upwards of 50 mill- ion dollars a year. Last year 5 million policies were dropped involving over one billion dollars ‘of weekly payment insurance./ These people-do not like to incur a financial loss any more than the); next man, but unemployment, illness and urgent lack of funds are power-j ful incentives and so the policies are rad it te yhsuraneé -~pisine: whether it be “industrial” or “ordin- ary,” is based upon simple addition and subtraction. But it has been so! confused by mathematical black | magic that even the “best minds” have been taken in by its actuarial/ flimflam. At the mere mention of the word “insurance” a general nod- ding of heads begins indicating) wholesale approval. “Industrial” life | insurance companics have not been} slow to capitalize this universal ap- probation—little deserved as it is. Cost Too High. Life insurance is a good thing. So is bread. But imagine what a to-| do there would be if a loaf of bread} cost a dollar. This comparison is perfectly legitimate? “Industrial”, life insurance is exorbitant in cost, ineffeetive as life insurance protes.| Shame. . tion, due to the terrifie lapses, and the whole ‘mutual” business is sud-| Paid to policyholders’ have increased! from one hundred. million in 1920 to ze |one hundred and fifty million in 1925, died _witn a clique of Wall Street f nanciers, who manipulate and utilize | the “savings” of the 40 million work- ers insurers for their own private | creased from one billion six hundred benefit. Otherwise weekly payment |? “lion to over three billion six hun- = dred / million, cl-ims paid only increased 55°%—and the assets pyramideg 110%. | this could possibly happen under an | equitable and “mutual” system of operation and accounting is incon-| insurance is a good thing. Charles M. Schwab Involved. Later on we will deal specifically with these high finance-directors of the “Big Four,” follow we will mention that Charley | » Schwab of the Bethlehem Steel (ye t@y of the Metropolitan Life at a measly salary of $135 a year. Now what would Charley Schwab be do- directors of the Nickel Plate Railroad, the key to the contemplated Van} Sweringen merger, several times for- bidden by the government, but actu- | ally being worked out, in a modified | form. (ing working for the Met for $135 while a good cler& in the home office , been paid and deducted from the Smith, th li he of Dollar a Year Fame) is a direc- ! Oliver’ Strect ey re big sa about this swindle that has been per- persists in maintaining the Coolidge ciation, which consists of numerous petuated on no other than “his friend | ™Yth—“great, strong, silent man in | farmers, business and civic organiza- the workingman”? _What’s What in Washington Washington Alive STIMSON TOGET U.S. Gun Boats With Politics for CANAL PROJECT In China Cause Presidential Drive THRUNICARAGUA Business Slump Bie AR (By A Staff Correspondent.) WASHINGTON, April 12.—The Coolidge-Kellogg blundering in China is beginning to hurt the American business man. —Henry| The department of commerce in a of War, |Teport on Chinese trade finds that ent the United States has suffered severe curtailment and losses in éts Chinese ‘| busines: Last year China was | (By A Staff Correspondent) | WASHINGTON, April 12,—Re- publican party leaders are watching with keen interest the impending fate of two of their number, Secretary of (By A Staff Correspondent.) | State Frank Kellogg and President WASHINGTON, April |Coolidge's “Great White Father”—|L. Stimson, former Secretary | William M. Butler, erstwhile United! who joes to Nicaragua as Pr | States senator from Massachusetts | Coolidge’s so-called “peace’ before being trimmed by David I.|is not going so much for the purp: |Walsh, democrat, and chairman of|of patching up harmony in the war- America’s eleventh best customer. | the’ depublican national committee. torn nation as to put through a deal | The situation is such at present as to | In Bad With Boys. with the American supported puppet, indicate that American business men Both are in office solely because | President Diaz, for another canal. | will experience millions of dollars they are kept there by Coolidge. Both Coolidge and the state department; VoTth ‘a er Ends {are venomously hated by republican| in making known Stimson’s mission ‘tha 2044p 7 x com MPDRT leaders and their retirement will be|said much about. his mission be: ae eas opetids @ Pree cian he i. an occasion among them for loud|one of peace and harmony, This is that American Haid had 1s us cheers and deep thoughts. | palpably a lot of bunk. Diaz is presi- oe etic Me 4 eet he Mask Pp ens i The causes for this widespread con-| dent solely by grace of the support rh biased i ae aR ary seal tempt and hatred among republican|of American marines and American | ,)° ae gtk ti oe han ts ae chiefs are interesting. They dispise| money. If Kellogg had not sold him ‘® a sei Nesel dh aad P te Keliogg because he was one of them | American army weapons and ammuni- nerve: t t t sak ui . aut e for many years and they know only | tion, and Wall Street banking houses page a Lei gia ft aah 4 too well his genius for stupidities and|/had not furnished him the money 0) jt Situation to Nea te ee they hate Butler beeause he is a rank| with which to buy these supplies, he Until recently has the Coolidge-Kel- outsider and will have none of them, would be killed or driven out of Nica- 108& gang openly backed the British these days among republicans is when Will They Need Di, in attitude eased Minawdeasia by the Kellogg and Butler will be given the Diaz has been support r the | Chin bounce. There are many who say Coolidge - Kellogg on Up until early this To Delay Construction St. Lawrence Canal oe a HOWARD E, ELLIOT Elliott ischairman of the board of | APPROVAL OF COOLIDGE gets $600 a year? But more of this admir year Ameri- anon. _. ., | Butler will be out by September’ 1.) strictly by American force cans on the strength of traditional In recent years, our Presidents | This is certain, neither will quit un-| Just why he was installed ROgh | clcdahin ware ack inclentiod ey thet from Cleveland down, have been very | Jess invited to do so by Coolidge. | president has long been a controver- Chinese. , . P profuse in their praise of the bene-| Their jobs mean too much to them. sial matter. Coolidge and Kellogg pedis anit Rate in from time to time issued various alibis It now becomes apparent that the positions real reason is the proposal of a canal they would sink into utter oblivion— through Nicaragua. The Panama and this they are frantically desirous | Canal is not meeting co cial de- of avoiding. mands, Army and navy officials have KMogg Stands Pat. {long insisted that for military pur- At a pre conference the other | Poses & second and‘auxiliary canal day Kelloge was asked if he intended | through the Isthmus was desirable. | retiring. Playing a role in the background is “I have no intention of doing so,” the determined demand by western he answered cartly. farmers and manufacturers for the aye Likewise Butler when he was in| Se Lawrertce-to-the-sea outlet. This Washington a few days ago prepara- project is being bitterly opposed by tory to departing for a junket the railroads, who ae fatal policy. through the west for political Bor era ergata they kars cetad and militarists, professional British ‘ 4 iers, me riek and cry inter- ese ‘aca dee er haat | it off for years, but the demand has ere hat if, it ss Agence Sis va that among the ‘yepiblican national become so strong that :t ig likely that | money pocket of American business, | committee there is much feeling | Unless they can create a diversion that), 134 yeliably be said that Mr. eee Butl Si I es al at | the next congress may authorize the Cacliaaa, te ite of himself, will be \ etait doit ta hep tear be Washing. | beginning of the waterway. Canhwie 3 ton only a few times. It is said that _ To Fool Middie West. Separate Notes. his communications with the national; It is obvious therefore that if Cool-| ‘There is every indication that the |vepublican headquarters have been no idee and the aged can Ghvelop ®' business returns have already had ef- | more freane + SeeT we pte -Nicaragenan canal they_can delay ac- ‘inet It is being reliably said that 18 is particularly true in the! With Diaz the creature of the state Beiteia ie a tak Cae i south. There, republican affairs are | ¢Partment, and the national legisla- ware ” aes note to the Chinese. in the hands of Negro politicans, who | f¥¢ Under his control, the time is ripe oe e that the notes may be if not watched, run amuk. , to jam through a deal that will enable il : u In this connection it is interesting the construction of a canal down there, eae ir be separate notes, This to note, that for the past several| The, entire situation fits in with the ovo jPbear to be much on the weeks Coolidge has quietly been con- needs of the Coolidge-Kellogg admin- vhs ace of affairs, but it is really a ferring with Negro and white repub- | '8*tation. tremendous victory, There can _be lican leaders from the south. This The Alibi. ue bigsagton ad that fora time Kel- |fact and Butler’s tour through th Wiss (salle! tasks: atten ogg at least was all set to line up ' q I : z Th them an/|with the British—if for no other rea- i mein have much bearing on alibi for their imperialistic interven-;son than that he didn’t know Ghat whi sure plans. . | tion in Nicaragua and will help to|do and felt that the British might ere is no question but that Cool-| still thé grumblings that even reac-| have some program. idge wants to run again. He will run| tionary journals have indulged in con-| T Cc rei ’s fi if he can obtain the nomination with- | cerning the Central Price wollen: on an te een Sod out undue fight. If he has to fight Again, it is believed, it will put a are vivid evidence of the sower for it, he will quit. He has never had | quietus to’the demands of the western the Chirlése revolt and th ote we 3 to fight for anything, simply because farmers and manufacturers for the ness of re oo |if he can’t get what he wants with- St. Lawrence canal, so bitterly op- 1926 out a fight he gives it up. So in Posed by the railroads, ; £ ; this third term business, if he can get’ Coolidge and Kellogg are the nomination without a bitter a the necessity wrangle he will chuck the usual bull Skirts in Nicaragua, before thi orth $143,146,165 in 1926 about traditions and so forth and| Congress meets. Unless they i oe Soasaan.nee ee ‘¢ ig ai grab it. If hdwever, Dawes and some they are in for grief. The senate will quarter of this year this kasinees of the others, like Moses, of New be in control of the democrats and sustained losses shout i “4 Hampshire, knife him and put up a insurgent republicans who would like |instances to as ek as Ag - poten battle, he will come out with some |"0thing better than venting their ha- Then too, oven aside ri yaad tage unctuous Statement about maintain- | ted on Coolidge and Kellogg. To these imports and ex: ota koe ing “saered traditions” and give way.|™eet this problem Mr. Stimson, an business will suffer othe Ya Se a 4 Dawes Backs Lawden. | old republican war horse, he wag war falling ‘Ametican aatiie visu | How ee sppeltre Lge Lowden et Pape al seal bade a) asked to - i | awes’ stalking horse. They say that | 8° n and put through a deal with vy. TER Se a \he is trying to force Coolidge’s hand | Diaz. Tt can be said right now that Ru ‘f THE. DAILY WORKER The western banking group of | Mr. Stimson will be successful. | AT THE NEWSSTANDS The ere is leader is also none ‘i Will Be Trouble. | | 00 friendly to Coolidge. hat this game is no secret is eyi-! H Press Support Dubious. denced by the fact that the Great Warren Wants Kosher, As long as the ‘reactionary press Lakes-St. Lawrence Tidewater Asso- Democrats for Juicy | Jobs in Department. the White House,” he wil be able’ to tions pushing the St. Lawrence canal | he a fits to be derived from life insurance. Coolidge Okays “Big Four” These impressive statements are done into attractive pamphlets—the last one showing the dour visage of the Thrifty Vermonter—and are dis- tributed by the million. All of which is done in the name of Thrift and to increase the sales of a type of life-in- surance of which only 9 per cent of all terminated policies each year are paid in claims and only 1 per cent in endowment maturities! What chanee, then, has poor “Mrs. Jones,” when her agent tells her that insurance is a “deep subject,” and | the best thing she can do is “to cake this wonderful policy on faith.” Accounts Faked. : Any life insurance policy, whether it be “ordinary” (yearly payment) or “industrial” (weekly payment) con- sists of two debits and two credits. On the debit sido we find death losses and expenses, and en the credit side there are premiums and the interest Both are discredited politicians their home states. Without their present With the gradual involvement, by crafty British diplomacy and the eager aid of our minister and mili- tary and naval o: als, in the iron- fist policy toward China, the Chinese have come to the conclusion that Americans, regardless of the past, were no different now than other self-seeking foreigners, The result of thi¢ change of attitude has been aggering blows to American busi- s these losses which in the long will have most effect on our Reactionary journals, jingoes run gross premium income and interest returns, the balance, less a small “re- serve,” is surplus and should be re- distributed among the “mutual” policyholders. This, in effect, is all there is’ to the much vaunted scienee | of life insurance. But this simple i statement could be expressed in alge- braical terminology by a $30,000 a year actuary, so that not even brother-actuary (glorified book-| keeper) eduld understand him unless | previously let in on the secret. Smith’s Opportunity Rates of, interest, premiums, and the compilation of death statistics are matters of simple addition. But expenses—expenses have been made to do tricks of flight which would put the fabled magic carpet to they “economic penetration.” In shina bought $110,205,014 worth of merchandise from American man- confronted ufacturers and in 1925 $94,442,189, of clearing their | China exported to the United States During the past five Years claims Assets in the same period have in- and the amount of a bear looking into. | Will someone please page “Al” SIXTH REGIMENT SAILS |make headway. Just now he is un-| abs have notified Coolidge that week, first oficial act of Joseph A. j beatable within the party, and per-| ¢, ys i lion sing-srek thelr canal | Tela ie Med aay cere Y, FOR CHINA jhaps in the country. But if such ;°" * Nicaraguan ofte will be bitterly | eLaughlin as police commissioner | papers as the New York Herald-Tri- | 2°38h* They informed him that they | today, was to teview a parade of : ; |bune, The Philadelphia Public Ledger, | WOuld meet any such deal with re- | 1,080 recruit policemen from the steps | jprisals, and it is probable that they of City Hall. His second job was a can make their threat good next ses- Sé¢arch for kosher Tammany satellites | sion—provided they have the courage to whom he wished to award jobs in ‘of their convictions. the department carrying juicy salar- i. The Nicaraguan canal deal has been ies. ‘ ; } in the air for some time. Several) “Iam having difficulty getting the | weeks ago, aa of the army and men I ‘want for deputies at a salary | ome n navy made known some ideas on the | of $6,500 the city is willing t ,” |eatling mes bad <. Ae ie Sommer | matter, declaring that its realization the new commissioner “explained, a a allegra 5 Aa rl vag i a long cherished ambition of the / “Whenever possible I shall appoint TOMHe engines vinta | militarists. A week later, Senator , organization demc.rats because T be- | ne coe eed om e Sh bie Edge of New Jersey., reactionary re- lieve in party organization,” pa Me Me Peer oh 4 peed publican, returned from a trip to Con- Explaining that $6,500 is too ae aaah cobble Lage" e./ tral America and talked at length | meagre a salary to attract the men i hes taut shes A Vv! “a about the necessity of another canal. he “wants and knows,” the new com- Heaths Pacey ner a 1 Sareea Now Stimson is bff a8 a so-called missioner proposes to abolish one rp a Be a i ‘i thom v4 peace ersissary, The under-surface | deputyship and the Position of con- aly he da gan win weeks ak Ay oe that he | fidential investigator to increase the o y a i lican by a large majority, With a| pocket. Once this iat fy » Alen ang ‘oo hostile congress he will have even} Coolidge can ship in a few more boat. | |less—a!l of which is a matter of deep| loads of marines, Cubanize the coun- | pain and anguish to him, try, crush all opposition by murder | or exile and be all set to meet the if criticism of the next congress with | the plously hypocritical statement:—~ “Protection of our canal Property,” |The Kansas City Star, The Chicago Tribune, and other of the big journals | | Start letting him down, he is through. | This summer Coolidge is going to labor strenuously to fix his politica (fences, He will no doubt take up a Summer residence somewhere in the, Cal Calls Caucus. WASHINGTON, April 12.—Presi- st” at the temporary White House on Dupont circle this morning, en-' |tortaining thirteen guests who are |prominent in Republican councils, | Goneral political conditions and the _ TOKYO, April 11.—Two hundred {passengers were believed drowned re the Japanese steamer, Bathachi | rv, Sank at its pier at Fu. on the U, §. san, nhl” heckes | accotding to advices received BUY THE DAILY WORKER uBsed, hinese. here late today. { at THE NEWSSTANDS [cadena "OT Macuned, it of the Leviathan, one of the finest | g Ships afloat, part of the war loot taken quite similar in tone and content, but! |dent Coolidge had a “political break- © ————— Kahn Made Fascist Member; Reward for Services He Rendered Captains Stolen Ship ROME, April 12.—Otto H. Kahn, American banker, was pr« with a recognitio the United remony pres at the headquarter branch of fascism Demarzio, who recalled the ser- vices Kahn had rendered to Italy. Kahn thanked the ist for the honor, which he was delighted to cism in the eign General Secretary made the a accept | Ameri can Legion | Split on Firing Of Liberal Profs | WEST CHE! , Pa, April 12.— \Defying the ukase of Principal An- | drew T. Smith and Board of Trus- tees of the State Normal School here ing them to discontinue their ae- y the United States from Germany. | tivities, students of the Liberal Club it was formerly, under the German | today met and protested against the flag, called the “Imperator.” al of two professors of the COMMODORE HARTLEY Commodore Hartley is the captain | school. aay : Spurred on by the local American Bay Ridge Co-ops Meet | tezion, the head of the institution fired Dr. Robert T. Kerlin and Dr. John A. Kini , for alleged criti- cism of “American institutions,” be- fore students of the school. A telegram w received today from the Williard Straight Post of the American Legion, New York, sup- porting the two custed teachers, and “deploring the action of the local |chapter of the legion.” Next Saturday Evening The commit working out plans for building a co-operative concern among the Scandina Bay Ridge has nged a social and edu- cational meeting to be held at the Co- operative Restaurant, 8th Avenue and 48rd Street, Brooklyn, April 16th at 8:30 p. m.. A number of prominent speakers on co-operatives will speak. GREET Admission is free to all interested. |Read The Daily Worker Every Day iICASS The Daily Worker Do you know that one of the leading fig- ures in the attack upon The DAILY WORK- ER is Jacob’ Cash? Do you know that Jacob Cash, the President of the American Patri- otic Society, is at the same time the Vice President of the International Tailoring Company, one of the foremost foes of organ- ized labor and a notorious enemy of the Amalgamated Clothing Workers of Amer- ica? Do you know that Jacob Cash is spend- ing hours of his time in the courtroom, and many, many dollars in his vulture-like eager- ness to “get” The DAILY WORKER. Why this ferocious hate against our pa- per? It can only be because this class-con- scious employer recognizes that The DAILY WORKER is a menace to the security of Mr. Cash and his class. As a class-conscious worker of America, as a militant follower of Comrade Ruthen- berg, you must with equal clearness recog- nize the importance and power of The DAILY WORKER in the class struggle. You must rally with even greater determination be- hind your class organ. You must heed the clarion call of Comrade Ruthenberg to “CLOSE THE RANKS.” You must support the fight for your paper. You must join the fight against its ene- mies. You must be- come a contributor to the Ruthenberg | DAILY WORKER Sustaining Fund, which is being used {DAILY WORKER : 133 First Street, New York, N. Y. Inclosed is my contribution of dollars cents to the Ruthenberg Sustaining Fund for a stronger and better DAILY WORKER and for the Jefense of our paper. T will pay to build our paper |" “"* ‘emt "esleny and to defend it {.... against the present j... attack in the courts. |, You must act now! |. 4