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THE DAILY WORKER, NEW YORK, TUESDAY, MAY 3, 1927 NSURANCE TRUST FIGURES The “Big Four” have assets of nearly $4,000,000,000. The U. S, government revenue income is $3. 8,054 national banks have a tot Four” have four billion) There are over 40,000,000 There are only 12,573,001 savir The assets now in the hands wee nk deposite of the “Big Four” is greater than the 55,690, al capital of $1,379,101,000, the “Big kly payment policyholders in U. 8. in U.S. entire amount of currency in circulation in this country, which is 8,962,- 775,690, The insurance companies now t hreaten to vest control of the entire economic life of the nation into fewer and more unscrupulous hands than (Continued from Page One) at this stage of their development | dicted as the most crooked gang of| China” Committee under whose aus- about four billion dollars. While the size of the assets are ad- mittedly high, they do not give evidence of the power implied there- in. The danger to the economic of the nation lies in the character « condition under which these sums are held. The day is long past when banks to terrific constituted the st menace the control of industry and prod tion. Standing behind the banks are these colossal insurance combines with their billions of dollars of liquid capital. Mobilized Menace. Liquid capital herein the menace. For whereas other anti-so- cial combines such as the Steel Trust, the Oil Trust and the Automobile Trust control enormous amounts of capital, such capital, is of necessity, | tied up in real e: e, machinery and | stock, This condition does not exist} in the case of insurance assets. Where the former are essen- tially borrowers of capital, the “Big | Four” are lenders. | On November Zist 1925 these four} public plunderers had on deposit in| their controlled banks throughout the | country over $70,000,000.00 in cash. No one but a child will hesitate to say | who controls the banks in which this lies }payment insurance trust stands in- buccaneers that ever looted the public. For every dollar which pours into /the coffers of this heartless combine, about 40 cenfs is spent on manage- ment expense. If any other business S run upon the same principle it would be bankrupt in a twinkle of an eye—unless it resorted to the merci-| less overcharging that the “Big Four” do, The Prudential Life Insurance Company uses as its advertising slo- “ . m. Ineluded in the list are Con-| gan, “As Strong as the Rock of /P: ™ ey Gibraltar’—and then calmly proceeds gressman Sabath, Rev. John A. Lapp, | to charge its “cooperative” policy- holders nearly 40 cents for every dol- lar paid by them for “protection.” ‘GREAT HANDS OFF CHINA COMMITTEE ACTS IN CHICAGO Darrow Heads List of| WEAF Chief Assailed Famous Speakers CHICAGO, May 2.—Clarence Dar- row, Congressman A. J. |Chicago Federation of Labor and | William A. Cunnea are among the prominent members of a “Hands Off |pices a huge mass meeting will be }held on May 6th, to protest against |foreign intervention in China and to| jdemand the withdrawal of United | | States armed forces. | Many On Program. Clarence Darrow and Miss Jane Ad- |dams head an impressive list of speak- ers who will address the meeting in Ashland Auditorium, Ashland and Van Buren Streets, on Friday at 8 Director of the Catholic National Wel- fare Conference; Mr. Cunnea, severa’ times Socialist candidate dor mayo’ As strong as the Rock of Gibraltar| Rev. Paul Hutchinson of the Chris- —and as hard. The figures used in this and pre- ceeding articles have been taken from | tian Century; Carl Haessler, manag- jing editor of the Federated Press; Manuel Gomez, secretary of the All- the public reports of the “Big Four” | American Anti-Imperialist League, as submitted by them to the Super- intendant of Insurance at Albany, and|Chicago branch of the Kuomintang | It|of China in America. from other official documents. is common knowledge that the re- ports are doctored and “prepared” by $30,000 a year actuaries, jand Chao Ting Chi, representing the China For Chinese. John Fitzpatrick, president of the | Chicago Federation of Labor, will A French philosopher has said, that |send a special message to the meet- “Language thought.” was made to conceal Actuaries are made to conceal facts. |tempt to involve the United States in | Demand an investigation! enormous amount of ready cash is de- | posited. During the month of November the | Metropolitan Life Insurance Com-| pany, the largest of the “Big Four”) had over $33,000,000.00 in cash de-| posited with the Metropolitan branch | of the Chase National Bank in New| York City. | Assets Negotiable. | Even the four billions of dollars in| assets are more or less in liquid form. | The vast majority of it being invested | in negotiable bonds and securities. Some idea of the enormity of these | figures may be gained by calling to mind that the entire amount of cur- n circulation in the United S is $3,859,500,000. Thig is less | than the amounts of assets fow held by the “Big Four.” i Neetle TradeDefense Men’s Clothes. “Men, buy your new straw hats and spring and summer -suits and top coats at the Great Defense Bazaar at the Star Casino, 107th St. and Park Ave., May 12 to 15.” This is the slogan of the members of the Amalgamated Clothing Work- ers who have taken in a complete line of the famous G. G. G, Brand of men’s clothes for the Bazaar. All necessary be made right at the Bazaar. - « , “The Jungle” is going to have a great run. This | ing. Standing firmly against any at- war with China, the committee sup- ports the principle of China for the Chinese and demands the abolition of the unequal treaties imposed upon China by the foreign powers. The meeting on Friday is intended to start a wave of protest in Chicago that will exert pressure toward the |withdrawal of United States armed forces from China. The prominence of the speakers and the fact that they inelude widely divergent groups drawn from the labor, church, liberal, and anti-imperialist fields, make the meeting an important political event. Union Heads Speak. The committee sponsoring the pro- alterations on suits or topcoats wil] |test meeting includes besides most of | |the speakers listed above: Edward | Nockels, secretary of the Chicago | Federation of Labor; Margaret Haley, secret of the Teachers’ Union; Prof. Ferdinand Schevill of the Uni Sabath, | | President John Fitzpatrick of the! RADIO CENSORS _ ARE HAMMERED IN DEBATE HERE | By Radio Liberals By HARBOR ALLEN, (Federated Press). |the radio, which he could onl tion WEAF, at the radio dinner of the | America Civil Liberties Union. plenty of free speech on the air; that could do so—providing WEAF, owned by the Westinghouse and the West- | marks were “adapted to radio,” and sition. Morris L. Ernst, attorney for the | Liberties Union, demanded to know | radio, Norman Thomas,,Senator Wat- son, De Valera, Hans Kaltenborn of | | the Brooklyn Eagle, and other critics | of political administrations had their | speeches censored, cut off, or denied | the air, He also asked why, if broad- |casting is a losing proposition, sta- }are being traded at a premium of | $200,000 to $300,000. | Ernst denounced the sale of “the | mere signature of Secretary Hoover’s |name” for large sums of money. La- bor had fought for two years before | it was granted a license, he added, and some liberal groups in New York still find it impossible to get one. Dr. James Yard, of the Methodist jor stammer about, were hurled at} Merlin N, Aylesworth, president of }the National Broadcasting Co., sta- Aylesworth, in a bland tone, had| | just assured the guests that there was | |anybody who wanted to broadcast! ern Electric Companies, felt his re-! that broadcasting was a losing propo- | why, if there was free speech on the | Who is Behind the Prosecution of the Militant Needle Trades Workers? | | eration! Who Are Matthew Woll’s Fellow Conspirators? They Are Leaders of the National Civic Fed- Woll is Acting President of the Labor Hating Civie Federation. | There is a United Front of the Special American F ‘ederation |of Labor Committee, headed by Vice President Woll, and the Na- j him ian speech over | tional Civic Federation, dominated b Questions on freedom of agscsbieh§§ tuliste det the United States: Matthew Woll is the connecting link in the conspiracy. With in the Civic Federation are: JOHN MARKLE, 2 Rector St., New York City. y the most powerful capi- Director Industrial Finance Corporation of New York (also Pres.). ] President and Director Jeddo-Highland Coal Co, President and Director Jeddo Supply Co. President and Director Jeddo Tunnel Co. Director Mayfield Construction Co, { | | | | | The Trustee New York Trust Co. Director Shredded Wheat Co. Director York Haven Paper Co. Chiang Fears Revolt As |Troops See His Treason (Continued from Page One) China. .. Rumors here indicate that the split may result in the recall of MacMur- j ray. | * Sends More Planes. LONDON, May 2.—The foreign of- \fice is understood to be planning the |dispatch of more bombing planes, guns and light craft to China. eae | tions with practically no equipment eventual partition of the whole of} Board of Foreign Missions, asked| What the next move of the foreign | | whether WEAF would broadcast a office will be in view opposition of | |plea for the removal of warships|Nev Zealand, Canada and Australia to | from China, and a “Hands Off China” | Briiteh i:*« gention in China is prob- policy. Aylesworth, stammering, pre-|le 10>. | sumed that “the speaker was serious,” | and said he had “thought of starting | Enter The Marines. an open forum over the radio for all! SHANGHAI, May 2.—The Sixth | topics. Of course, that can't be over- Regiment of the United States. mar-| done, as the public wants only to be ines arrived at Shanghai aboard the} | entertained.” transport Henderson this afternoon. In reply to a question by Arthur| No mass May Day demonstrations |Garfield Hayes, another Liberties! Were held here yesterday because of | Union attorney, Aylesworth listed|the repressive measures taken by | among his “advisory board” William |Chiang Kai Shek. Workers fearing Green, Elihu Root, Charles .Evans|another of the wholesale massacres | Hughes, Julius Rosenwald and Owen|that have been the order of the day | D. Young. “Why don’t you have ajSince Chiang joined the counter- | | board composed of all shades of po-| revolution stayed in their homes. litical opinion?” dsked Mr. Hayes. ee itical opinion iske v. Hayes. | CstewMaidst: ger ae | | perialist robbers can make use of such | The total number of savings bank/| depositors are 12,573,001, the number of weekly payment life insurance} policyholders is over 40,000,000. j picture, based on his famous book, | has been donated to the defense by Upton Sinclair, and already arrange- ments have been made and theatres hired in Philadelphia, for June 3rd On December 21st 1925 there were : # 8,054 national banks doing business in Psi and in Ney Haven for May the United States with an aggregate paid in capital of $1,379,101,000. | Four weekly payment life insurance | companies have $4,000,000,000 in as- ae Shop Collections, Beckerman’s white terror in the seta, | Amalgamated Clothing Workers’ The total government revenue for | Union prevents the publication of 1926 was $3,962,755,690; the “Big |Rumerous reports from Amalgamated Four” assets are greater than the en-| Shops. Nevertheless, acknowledge- tire U. S. revenue for one solid year, | Ment is. here made to the many shops 6 Not Good. : | and individuals who have contributed reat, ee “ _ _|to the Defense Fund. Workers of the The magnitude of these companies |Rubinette Dress Company collected means absolutely nothing. They do| $13.50, Troy Cloak Company $6.00, not bespeak honesty, efficiency or fait|Goodwell Dress Company $50,000. dealing. Size, in insurance com-|Many other shops will be acknowl- panies, indicates the energy with! edged thru the Special Bazaar Num- which the company has been pro-| ber of “Unity,” and in the language secuting its business. A hoppopot-| press, amus is not more intelligent than an ant. The immensity of the “Big Four”! is evidence of the gullibility of the - insuring public and proof That the | 70 the Joint BoardyDefense presence of Frank B. Noyes, presi- | Committee: ‘ dent of the Associated Press, on the| Although I am not a furrier but directorate of the Metropolitan Life heard of the good work done by the has aided the insurance trust in get- Joint Board Defense Committee, Tam ting lots of free favorable publicity. jenclosing a dollar for the relief of the For example the Metropolitan as- | imprisoned workmen, My profession sets of over one and a half billion | ‘8 Upholstering and I belong to Lecal dollars and over twelve billions of in-|‘” “y I. surance in force is no more proof of | " worth and business piesscannh bere al Morris Miller, Bklyn, N. Y. 5 karet diamond ring on the finger of | * * * & prosperous pawnbroker is proof of | Joint Defense Cloak Makers: his business integrity. Dear Comrades: We are enclosing Success Measure. }a check for $6.00 as a donation to- The success of industrial life insur- | W@"ds your defense fund. This amount ance will be proven not by pointing to | W@% Collected in one of our union the scores of millions of poor dupes |shops, and we would ask you to send that have fallen for the swindle but |S a receipt as we would like to turn rather by the great amount of in- | it over to the girls, and show them surance which these companies can | that this money was sent to the prop- offer with absolute safety at the |" Place. lowest possible cost. Previous ar-| Wishing you success, we are, Letters. April 29, 1927. Yours truly, ticles have vel ae exorbitant the | Comradely, weekly payment life insurance rates Millinery Hand Work Inion, are in comparison with the risk and | rosa Local ’. oa honest expenses involved. eit Cae Aoc Big i ma? tle be adjudged | Dear Friend Landy: corete al igor fe ype ie At last my work in Buffalo is be- yafe return on investment and when | inning to show results. I am enclos- the present murderous lapse rate is considerably lowered. For the year 1925, 75 out of every 100 weekly payment policies which terminated on these companies’ books were total loss lapses. Only 1 per cent were matured endowments! This condition of lapses has existed for the past twenty years. Only an in- curable optimist could imagine that these corrupt companies will ever re- form without the most drastic action on the part of the 40,000,000 policy- holders who now suffer financial abuse of the basest variety. Big Overhead. ; | ‘The ratio of expense to income is| _ r positively appalling, about,39 per) WORKERS! STOP THE MURDER vent. On this point alone the weekly} OF SACCO AND VANZETTI I am organizing a defense committee | which will meet next Monday to or- | ganize and decide on a Tag Day. We will send out several hundred One Dollar Roll Call checks on which |we expect a fine response. A com- |mittee of twenty women has already begun to collect articles for the Ba- zaar, Please send me a big supply of all sorts of literature. Expect to as in Buffalo and will try to arrange a big tag day for the same day as in Buffalo, S. Stoil. 1 a S) maOTRRER ARNE AN He ling a check for $50.00 as a start and| be able to organize on the same lines | | versity of Chicago; Ella Boynton of the Women’s International League for Peace and Freedom; William H. Holly visional secretary. Cooperating with the Americans on the committee will be three representatives of the Chi- |nese Kuomintang: Chao Ting Chi, P. | Wong, and J. Chin. | Seen at his office after the com- |mittee session, Mr. Holly expressed \the attitude of himself and those as- sociated with him, in the following | words: | “Millions of Americans are think- jing seriously about China for the first time. The United States, de- |claring friendship, nevertheless main- itains large military and naval forces in Chinese territory, precisdly as the |British do. Preparations are being made to send still larger forces. Shall) {we allow them to be used to crush the | great Nationalist movement that is ushering in the dawn of a new day |in China? “It is these considerations which, jas I personally see it, have resulted in the formation of the “Hands Off | China” Committee and which, as well las the pérsonalities of the speakers, | will give us a huge demonstration on May 6th. And these same consid- erations will make of the mass meet- ling the beginning of a sustained move- | ment on behalf of the long-suffering | Chinese people.” ‘Open Trial of Mexican Worker of Chicago Who Is Victim of Frame-Up CHICAGO, May 2-—The case of Agustin Morales, the Mexican’ who is | being framed by the police as the murderer of Policeman Lyman J. | Stahl of Melrose Park, Dec. 7th, will come to trial before Judge Harry B. Miller, today. The trial will probably last a week or longer. Senator Eleazar del Valle of Mex- ico recently called upon Mary Belle Spencer, Morales’ attorney, and ex- |pressed a willingness to do anything possible for the defense. The case is attracting widespread attention be- cause of the ugliness of the cireum- stances in which the Mexican colony. at Melrose Park found themselves in- volved following a tragedy in the darkness of which little is actually known, It is feared that much per- jured testimony will be introduced to aid the state in its attempt to secure a death penalty for a Mexican who is obviously innocent. Los Angeles Pioneers To Meet. LOS ANGELES, Cal, — On May |8th, the Young Pioneers of Los Angeles are holding a big anniver- sary concert and entertainment at |the Co-operative Center. The main | feature will be a d-ag¢t comedy “The | Revolt of the Orphans.” ‘ 77 West Washington Street, is pro-| the least bit radical.” “There can be no freedom of the air as long as broadcasting is com- mercial,” declared J. Maher, radio edi- tor of the New York Evening Journal. “Stations must please their customers, and they are afraid to send out con- troversial subjects or anything that makes people think, broadeast a talk on atheism or social- ism, because they’re in business and | they hope to stay.” |Little Hope for Men | Trapped in Scab Mine (Continued from Page One) ready encountered of the terrific foree of the gas explosion which swept the pit late Saturday. ‘The entombed men, it is believed, are imprisoned at a depth of 10,500 feet. Rescurers this morning, ac- cording to early reports, had succeed- jed in reaching the 4,000 foot level only, and were progressing but slow- lly, due to the presence of smoke and gas. The dead are: Commodore Burton, Edward Allen, Thomas Daugherty, W, L. Davis, Virgil Straight and Orvel Leech, all white, Martin Stone, William Hunter, Irvin Mallory and Frank Goodwin, Negroes, and four unidentified Negroes in Morgantown Morgues. bh The seven injured have been re- moved to the city hospital at Fair- mont. Another Mine Burns. Fire broke out today in the Vir- ginia and Pittsburg Coal Company mine at Kingmont, near Fairmont, according to word received here, The mine is several miles off the nearest main highway and only mea- ger information was received con- cerning the blaze, A considerable number of workers are imperiled by the blaze, but it is thought that they may have all es- caped, This second fire, following closely on the heels of the disastrous ex- plosion and fire at the New England Fuel and Transportation Co. mine here, is but another point in the in- dictment against non-union mine management which is taking form in the minds of, all miners as a result of the great increase in the number fatal or dangerous accidents lately. Non-union Dangers. Miners see the prevalence of such conditions as inseparable from union contracts, made by organized work- ers who are able to effectively strike, if necessary, to establish safe condi- tions. The attempts made in near-by Pennsylvania to extend the area of non-union fields, and turn large coal companies from union to non-union conditions, is taken by miners as a threat of increased menace to life and limb. “Your board would not pass anything | WEAF won't} PEKING, May 2.—The Soviet | Union, git appears, will be prevented |from putting up any sort of legal ‘defense in behalf of the fifteen Rus- |sians captured in Chang Tso-lin’s un- |precedented raids on the Soviet em- |bassy compound when they are court- | martialed. Deny Legal Defence. Charles James Fox, American law- yer and editor of the North China Star, who has been retained by the |Soviet Consul to defend them and twenty other Russians, including Mme. Borodin being held at Tsinan- fu, ‘said last night that his request to appear at the court martial in their | behalf had received no reply. |, It is believed that Chang Tso-lin, | Manchurian war lord, acting for the imperialist powers, is trying to goad the Soviet Union into a war. Documents Forged. MOSCOW, May 2.—The statment issued by the Communist Internation- al several days ago branding as for- geries the documents alleged by Chang Tso-lin to have been captured in his unprecedented raids on the Soviet Union embassy compound fol- lows: ’ “The Chinese press appearing in territory oceupied by Chang Tso-lin |publishes many forged documents al- |leged to have been seized by police during the last raid on the Soviet embassy in Peking. The Red Herring. “These ‘materials’ now reproduced by the bourgeois press of all coun- tries contains the usual denunciations of the Communist International. All this news raised by imperialist cir- cles about these fantastic documents clearly shows why police serving for- ‘eign capitals wanted to raid the Soviet embassy. “This act was necessary for the dissembling system of fraud and for- gery which British conservatives use in their anti-Soviet campaign and purpose, lending credibility to ‘docu- Aiding Imperialist Hangmen. “These documents given out by the press controlled by Chang Tso-lin af- firm that the Communist Internation- al has been trying to ‘incite’ the mass- es against foreigners for the purpose of provoking intervention in China, | “Thus nothing more nor less than assistance to the plans of the imper- \ialist hangmen is attributed to the /Communist International. Further- |more, the same ‘instruction’ recom- mends for the ‘fulfillment of this purpose (intervention) to rob and murder foreigners,’ regardless of their class. Statements Ridiculous. “All this nonsense, which indicates the political ignorance of its authors and fabricated by the specialists of | foreign intelligence departments is so absurd that it needs no denial, | “Only hopelessly naive persons or ‘acknowledged rascals attempting to justify by such filthy means the im- Vice Pres. and Difector Morris Plan Co. of New York. | OGDEN L. MILLS, 15 Broad Street, New York City. Director Atchison, Topeka and Santa Fe R.R. Co. Director Atlantic Coast Steamship Co. Director Continental Paper Bag Co. Director Mergenthaler Linotype Co. Director New York Tribune, Incor, ‘Red Flag” Stockings On Market Next Year From Leningrad Plant MOSCOW, U. S. S. R.—Russian women will be ‘wearing “The Red Flag” stockings next year follow- ing the opening of a huge hosiery factory of that name which is be- ing erected in Leningrad. Machinery has been ordered from abroad, and the factory will open in the autumn and turn out twice as many stockings as it has done in the past. Six thousand workers will be employed there, and the ‘value of the product will be about eighty million roubles, The cost of the new factory will be 18,774,000 roubles, of which 5,- 500,000 will be for equipment. nonsense. | “Before the workers of the whole | world the Communist International can only condemn these methods des- picable in their intention and inef- ficient in their execution of the worst enemies of the Chinese revolution. “Workers of all countries will es-| timate according to their value these | attempts inspired by foreign capital- | ists for the purpose of strangling the | great movement of workers and peas- ants of China. Their vile cause can use no other means than gross frauds ments’ false from beginning to end. | and forgery.” . . * Fine For Bound Feet. HANKOW, May 2. — The women} folks in this section of the country have decided to do away with bound | feet by compulsion*if necessary. The local women’s organizations have un- dertaken the registration of all bound- feeted women under thirty years of age who must immediately remove their paralyzing bandages. They claim that physical freedom is the first step toward the emancipation of womankind. Three months will be de- voted for the purpose of registration. | After that a fine will be imposed upon every woman under thirty years who | has bound feet. e * Mammoth Protest Meeting. A mammoth mass meeting to pro- test against imperialist intervention in China will be held in the north side of Union Square this Saturday. The withdrawal of American troops | and warships from China and the im- | mediate recognition of the Netional- ist government at Hankow will be among the demands voiced at the | meeting. | Blackshirts Armed With Stilettos to | Guard Fascist Plane Under heavy guard by black-shirted fascists, the airplane Santa Maria II was being primed yesterday for the flight back to Europe of Francesco de Pinedo, the Italian “air ambassa- dor” of Mussolini, Armed in drama- tic fashion with stilettos, the fascisti threatened newspaper cameramen with violence. On the voyage over fyom Italy, the plane was guarded by black shirts working in three watches of six men cach while passengers were not allowed within 75 feet, In honor of the faseisti, the captain and. officers of the steamer Duilio| and officials on the pier wore black neckties and black gloves egareey McCormick and Steno Back, QUEENSTOWN, Ireland, May 2.— Cyrus MeCormick and his bride, who was formerly his secretary, disem- barked quietly from the S. S. Celtic} here today. The McCormicks found an sutomobile awaiting them at the pier and drove off in the direction of Cork, It is believed they will take a koneymoon tour through Ireland, Search For Bodies, SAN FRANCISCO, May 2,—Fear- ing that sharks may have attacked Alfred Oliver, 16, and John Andrade, * | 29, who disappeared while wigging Passaic Slugger Of Union Pickets On Way to Prison (Special to Daily Worker) PASSAIC, May 2.— Stephen { 2 | (Whitey) Adamschesky, one of the |most brutal policemen in the textile \strike last year, is on his way to the | penitentia: | The slugger of pickets, both men jand women, and the virulent for of junionism, “Whitey” found himself yesterday in the same jail to which he had consigned so many brave fighters for labor. He has confessed to the robbery of the gasoline service station at 213 Passaic Ave., Garfield. Adamschesky was suspended from |the force last Monday on suspicion and after spending several hours in a cell confessed to the crime. It is | believed that other members of the | police force are implicated. | APRIL 238 (1860) The Birthday of our Leader L. Choose this appropriate time to read what he has to say IE on the simplest, most nec- essary things in the revo- N lutionary movement. This work teaches fundamental I problems. It includes all his speeches and writings Genes, Svar ON ORGANIZATION $1.50 In a cloth-bound library edition. The DAILY WORKER PUB. CO. 88 First Street, New York, N. Y. BOOKS BY FRIEDRICH ENGELS PRINCIPLES OF COMMUNISM— (Original draft of the Communist Manifesto) —10 Cents SOCIALISM, UTOPIAN AND SCI- ENTIFIC —25 Cents ORIGIN OF THE FAMILY, PRI- VATE PROPERTY AND THE STATE. Cloth. 60 Cents THE PEASANT WAR IN GER- MANY Cloth. $1.50 KARL MARX AND FRIEDRICH ENGELS, By D. Riazanoy, Cloth, for seaychers scoured the coast neay Landing today in search of the bodies.