The Daily Worker Newspaper, September 6, 1927, Page 5

THE DAILY WUKKEK, NEW YOKK, PUESD. IMBER 6, 1yZ4 Page Five PREPARE FOR WORLD FIGHT TO CONTROL STEEL. INDUSTRY; U.S. STEEL SEEN AS THE VICTOR BY LELAND OLDS Federated Press __ A gigantic attempt to trustify the world steel industry under the control of American financiers will be the problem confronting Elbert Gary’s successor as chairman of U. S. Steel. The cut-throat battle now develop- ing between the great national: steel combines of England, Germany, France and the United States) pre sents a picture of an international seale closely resembling that within} the United States during the last 10 years of the 19th century. The situ-}ihore are 7 0 ation is so serious that the chairman- ship of. U. S. Steel will probably be largely nominal, with the actual con-! trol passing to some sort of trium- virate including a finiancier, a super- | salesman and a technical expert. , Bitter Competition. Facing U. S. Steel is the United Steel Works Corp. of Germany part!y financed by American ecapital.. This German_trust represents an-anialga- | mation of four companies which were driving each other into bankruptcy. It is a half billion dollar corporation and made a profit of more than $36,- 000,000 in the 6 months ended March 31, 1927. “United Steel,” says The Wall Street Journal, “employs 198,000 per- sons. Its coal properties and annual coal capacity of 37,188,000 metric tons are the largest of any company in the world. The company has 34 coke plants with a capacity of - 9,200,000 tons and is making the fullest use of byproducts. It has 66 blast furnaces with a capacity of 9,500,000 tons of pig iron, 27 steel plants, capacity over 8,000,000 tons of raw steel and other mills with a capacity of over 7,100,000 tons of finished iron and steel prod- uets.” American capital to the extent of nearly $100,000,000 has enabled the German United Steel to modernize its equipment and it is now operating 3 shifts 100. per cent capacity. This contrasts with about 60 per cent capacity in England and the ‘United ~ States. "4 British Cut Prices. Price cutting by British steel mak- ers to recapture their old export mar- ket has been made possible by slash- ing the wages of coal miners and steel workers. But. England is still being undereut in the world market by Ger- 4 {many and France while foreign iron and steel broke into the British home \in the first quarter of the year. | British industry normally requires a foreign market for about 60 per cent ‘of its preduction. The Wall Street Journal publishes |'a table showing the financial results |of 9 leading British iron and steel |companies. Included are sué¢h well- (known concerns as Armstrong Whit- worth & Co., Baldwins, Guest Keen & Nettlefolds and Vickers. perating at a. deficit with the market value of their shares near the lowest point in history. Prepare for Battle. of steel giants the British companies jare slowly drawing together to form |mergers. Today 8 concérns. control 70 per cent of the total steel output. |They are busy modernizing their |plants and are working to obtain a }25- per cent duty on foreign steel ‘products to offset the lower wages which are paid on the European con- |tinent. At present about 50 per cent |of the British steel industry. has as | modern equipment as any in Ger- many or America, while 20 per cent | more could be brought up-to-date. The | rest must be scrapped, | working for several years to. ward off {the dumping of German products: in the United States. The Wall Street | Journal says: “Anti-dumping proceedings against German steel shapes are a part of the conflict between the American and German iron and_ steel industries | which has been going on for several years. As an outgrowth of this con- | market to the extent of 1,476,986 tons | The | Of -the 9| In preparation for the world battle | | American steel makers have been| SOME MORE CELEBRITIES AT THE FIFTH CON ~ 4P°bS, JOHN W. JOHNSTONE, Chicago. 4 oe Tae yf i! 4t.45 | ALEX BITTLEMAN, | Chicago. Letters From Our Readers | Editor, DAILY WORKER: | Justice Crucified, 1] | On Sunday last I was irresistibly | ‘flict the treasury issued an anti-| drawn to the little central group of | dumping order against German pig | devoted defenders of Sacco and Van- | iron but failed to find evidence of |zetti, whom I had never seen, but to rails imported into the United States.” | Whichever capitalist group wins in | I | \this struggle, labor in every country | through the flower-lined rooms and} will loose. American business men are already suggesting that foreign | competition means lower wages or un- ‘employment, So at the end when some, sert of world organization of Alie’ industry is achieved labor’s posi- tion will be hopelessly inferior un- less in the meantime it has created an international organization capable of standing up to the capitalist giant. U. S. MILLIONAIRES RECTIFY LOP-SIDED BALANCE OF TRADE AT MONTE CARLO AS WORKERS HUNGER By LELAND OLDS (Fed. Press). steadily increasing its tribute from the workers of all lands, as portrayed in a U. 8. department of commerce report on the balance of international payments to and from the “United States in 1926, A large part of the report is devoted to the investment of American capitalists in foreign coun- | thing’in place of the products of for-! The international investing class is!eign labor that should have come in| exchange for their products? The de- partment’s figures andswer an em- phatic No. The balance was met largely by foreign service to Amer- ican tourists and by foreign securities sold to American investors. Out of the complicated figures covering im- | ports. other than commodities the tries and the investment of foreign largest figures are new American in- capitalists in America. balance in the exchange of commodi- ties is compensated by transfers of title to the means of production and by luxurious travel by the privileged classes. U. S. Workers Paid Less. The simplest part of the report from the viewpoint of labor shows that the United States $5,038,000,000 of commodities in 1926 and imported $4,590,000,000.. The country sold to foreigners $448,- 000,000 more of ethe products of American workers than it purchased | purchasers of foreign bonds or inthe of the products of foreign workers. This socalled favorable balance of trade may appear to have meant more jobs for American workers but it really meant that American work- evs received that much less goods in return for their products sold abroad. Did American workers receive any- U. S. foreign balance sheet The. lopsided | -gfied capitalist concern, are: linvestments swell exported | power vestments abroad to the tune of $1,447,000,000 and tourist expendi- tures amounting to $761,000,000, “Bosses Gamble Away Millions. These socalled invisible imports to- | (taling more than $2,000,000,000 do, not go to the producing classes. The | the wealth and | of the American exploiting | class while the tourist money- buys | |foreign services largely for this same, class and its parasites. Few wage earners are found either among the | gambling palaces of Deauville and Monte Carlo. | Foreign Trade Oppressive. | The essential figures in the 1926 international balance sheet of the United States, treated as aygreat uni- {dumping in the case of German steel | Whose cause I have contributed my} | mite for Several years. | | I Joined the long line that passed | |looked upon the thin, exalted faces of | the martyrs, worn by their long suf-| fering to the fineness of chiseled} marble, and later walked with the} thousands in their funeral procession. | It was no spirit of triumphant “law | jand order” that hung over Boston} |that day. That spirit perhaps ex- listed, concealed in club rooms, | churches and rich dwellings. The at-| | titude of the silent crowds that lined the streets was a combination of! |sympathy and questioning wonder, | tinged with the gloom of the funeral | | atmosphere. Calling at the little office of the} | defense committee, I read upon the} | door this eloquent statement: \ “This day, August 23, 1927, Nicola |Saceo and Bartolomeo Vanzetti, | workingmen and dreamers of the | brotherhood of men, who hoped it might be found in America, ‘were ; done to a cruel death by the children | of those who fled, long ago, to this jland for freedom. “Their voices are gone into all the earth, and they will be remembered in gratitude and tears when the |names of those that murdered them —judges, governors, scholars—have gone down ‘into everlasting shame.” | “Remember, justice crucified} | August 28, 1927.” | MARGARET SHIPMAN, é Lee, Mass. | Daily Worker Sole Militant Paper. Editor, The DAILY WORKER: * I wish to express my very great appreciation of your efforts in--be- half of Sacco and Vanzetti. It was certainly no fault of yours _ that these innocent men were done to death. And that you are not letting the matter rest with their execution, but are ‘utilizing (in spite of the prevalent liberal peace prattle) the Thayer-Fuller deed to rouse labor to its need, is your duty. The DAILY WORKER is unquestionably the one fearless and militant workers’ paper in this country today. ta “y MARTIN ABERN, Chicago. Papers Still Before United States Court. WASHINGTON, Sept. 5.—Path- etic sheets of paper bearing the petitions of two lowly foreigners to the United States Supreme Court | for justice are causing em ment to the court’s cle documents read: “Nicola Bartolomeo Vanzetti, pe Commonwealth of M | respondent,” but the | have been done to death by the respondent and the case is legally at an end. But, the papers are still in the | files, awaiting the opening of the court, in October, when Chief Jus- | tice Taft will he informed officially that the petitioners having been executed, the petition should be dis- | missed. | NSS tee, . ae Religious Hospital in Flames Once More MILWAUKEE, Wisc., Sept. Two hundred ani tifty patients in St. Joseph’s. Hospital, here were _ panic stricken today when fire broke out in bar an elevator shaft in the institution.| from the Cloakmakers’ and Furriers’ | The blaze was the second to occ in the hospital building within three weeks, The building is unsafe. LEGALIZED | MURDER! Read the Facts in | | called |.|from due: 5] G. SKOGLUND Minnesota. 7 "Was EARL Chicago. R. BROWDER, GOODS GROUP. Shiplacoff’s administration which was distributed among fancy leather goods workers meeting held in Cooper Union on Aug. 25. This statement is a so- ver to a number of facts which we, the Progressive Leather Goods Workers, have stated in a leaflet ard the pre: In our si t-ment we have shown jthat the yeul, income of our union zud iuitiation fees should jbe about $120,)10. We also pointed out that the vsion’s yearly regular the ata | expense for such as rent, salaries for all the office wuckers, and officials “should amount to not more than $60,000, No Organization Work. We have pointed out that no \or- ganization work of any importance was done since Shiplacoff took over | istration, By THE PROGRESSIVE LEATHER jit issued | atement in the form of a leaflet} ENTION OF THE WORKERS PARTY |’ Big f \ WILLIAM W. WEINSTONE New York. ea oat ROBERT MINOR. “Answer to Shiplacof ’s Challenge the union to organize these sho Upon what was spent tens of thousands of dollars of which no given to the account | ship? was member- Organization Work. 4. Who organized the workers of those shops mentioned in Shiplacoff’s stntement? Did the administration have to exert any special effort to such organization results? Was it necessary to place special or- vanizers and spend extra money for that purpose? As far as we know most of the bosses of those cockroach shops came | to the union of their own free will |and for one reason or another asked the union to sign agreements with them. But where genuine effort and real organization ability was needed, there, nothing was accomplished. Forget Expenditures. 5. Why has the Shiplacoff admin- in its “challenge” only |the administration of our union. We| touched upon the facts dealing with | have was in the treasury $128,000. have shown that besides *the above- mentionéd yearly Will the administration /al- jlow the investigation committee to had an additional income of $50,000/Penses as well? tax, out of which only $10,000 were igiven to the strikers. That means |that $40,000 should have remained} »)| in the union’s treasury from the two | assessments alone. | Should Have Accumulation. Considering all these factors we came to the conclusion that a very significant sum should have aceumu- lated on top of the $128,000 which had been in the treasury when Ship- lacoff assumed office, and, had it 60 cents tax would have been un- necessary. We have been forced to come to this one conclusion; that “something is rotten in Denmark.” We there- fore demanded that the administra- tion should allow an impartial com- mittee to investigate the finances of the union before a $60 tax is forced upon the membership. Shiplacoff Challenge. Shiplacoff’s answer to all these statements. was a challenge that we prove that our. figures. about the union’s income are correct and if we been so, not only a $60 tax, but aj 6, What are the reasons that makes the administration afraid to report to the members about the union’s expenses? Has the Shipla- coff administration such expenses of which we must not know? If that is the case—if the members must ‘not know the nature of these ex- penses, aren’t we at least entitled to know the sum total of all the union’s expenditures ? 7. Whose money is this $1,000 go- ing to be which Shiplacoff and his boys have in mind to give to a Com- munist institution? Did they think of taking this money from their own pockets or from the union treasury ? | If his proposed money will come from their pockets we are perfeetly satisfied, but if they mean the union’s treasury, we should like to know who. gave. them the: right to make such a proposal? Besides Shiplacoff may as well know that such money, even for Communist purposes, is not aéceptable to us. Want Fair Investigation. Cloak and Dressmakers | Hold Madison Sq. Garden | Meeting Next Saturday Madison S Garden will be the scene of a monster demons’ tion of cloak and dressmaker urday, 2 p. m., when the joint board will hold meeting which all members of the union are urged to attend. estion of fighting against shop system that is cc ing back y as a re- sult of activities of the Sigman clique will be dis- | cussed Party Activities | Minor and Browder Speak Thursday. Earl Browder, who has recently returned from a six months’ stay in | China, where he was the American representative at the Pan-Pacific | Trade Union Congress, will speak on | the latest developments in the Chi- | nese revolution next Thur: , & Pp m., at Royal Palace, 16 Manhattan Avenue., Brooklyn. Robert Minor will also address the meeting on the internal and external problems facing the Soviet Union. Morning International Branch. The Morning International Branch for early night workers has changed its meeting time to Wednesday, 10 a.m. All members must attend the next meeting as important questions will come up. Attention. Regular monthly meeting at 1472 Boston Road tonight. Many impor- tant matters will come up. Lecture by Margaret Cowl on the relation of the class concious house- wife and woman worker to Labor De- fense. Bring your fellow shopmates and sympathizers along. No Trace of Redfern. RIO DE JANIERO, Sept. 5.—All the mayors in the various municipali- ties in the region where Paul Redfern, the lost American aviator might have landed on his attempted flight from Brunswick, Ga., to Brazil, have re- ported to the governor of Para that | they have-been unable to find any trace of the flier or his plane. Vance Wins 25 Mile Race. AMATOL, N. J., Sept. 5.—Earl Vance, driving a dodge car, entered by the speedway association, won the |25-mile race for four cylinder cars mentioned the fact that when income and entirely ignored the fact here today. ‘He made a complete | Shiplacoff came to our union there | we give about the union’s expendi-| runaway of it as he whizzed past the We| tures? \finish. line to turn in an. average | speed of 67.85 miles per hour with income, our union | concern itself with the union’s ex-| the nearest car back of him, a Whip- pet, almost a mile behind. In Colorado It’s a Race. COLORADO SPRINGS, Colo., Sept. 5—Pikes Peak, one of the high- | est mountain peaks in the west, was |the scene today of the usual Labor !Day automobile race, in which 14 crack drivers at the wheels of the best. mountain climbing machines | money car build, roared up the wind- | ing, narrow trial to the Summit, more | than 14,000 feet above sea level. The starting point is something more than | 6,000 feet in elevation, therefore the |ears must climb 8,000 feet in the 12 | miles of road. Thousands of people made their | way at least part way up the incline | yesterday afternoon, camping there all night, in order to gain points of | vantage to view the annual labor day classic. No workingmen have entered any cars, so far as could be ascertained | today. Sept.. 5.—Twelve year If Shiplacoff’s administration will | old Joseph Kehl was alive today as of dollars less than the sum we have mn Label Bread. i A 5 give clear and definite answers to all | the result of quick work by physicians : = orate Picasa: ; A. SILVA, The Case of prove them so, the administration | these questions, we are ready to start | in removing a knife from his head in Commodity trade .. + -$5,088,000,000 — $4,590,000,000 Bisninghaniy Ale, : will give $1,000 to a Communist in-| together with them to work on this|®M unusually delicate operation. Freight charges ... + 129,000,000 197,060,000 | ad : stitution. ‘investigation. While we are at it we The knife was hurled at Joseph by Tourist expenditures + 115,000,000 761,000,000 Tilden and Hunter Tennis Champs S A (@ 2 O We declare that we accept the!may inform them that we are even, another boy during an argument at Return on private investment + 678,000,000 150,000,000 "y c KET LUE challenge. But before we go over satisfied that the investigation com- 4 baseball game. The blade entered Short term interest ...... 57,000,000 78,000,000| _ LONGWOOD nA, 3 CLUB, to any investigation work, in order| mittee should consist, not of Com. the head with such force that it was Immigrant remittances 35,000,000 322,000,000 SM OR a Pea VAN E I I ll to make the task of the investiga-|munists, as Shiplacoff proposed, but | Closely gripped by the bones. ts i i 212, x 000, a . . ‘ * S has oh See . x pt ae Ae i RE EO SATE TOR Nae whee a. aera Sesano,on0 | Hunter, New Rochelle, N. Y., are the ask of Shiplacoft's administration to want Yo give Bhiplecof? the appar Advertise your union meetings Foreign securities purchased ay oe 1,447,000,000 | "eW National doubles champions. By Fenix FRankFURTER enlighten us upon these few ques- tunity to have a prepared éxeona that] Rm Pie Tnterianeen See te American securities redeemed or repurchase — 584,000,000] Before @ holiday crowd here this tions: ’ the investipators were partial. We The DAILY WORKER Foreign investment in America ............ 668,000,000 mess Rag Cag weer Cogent ee i 1. Our figures of the unions’ year-|are sure that any impartial and| Se veryintas Dupe, Foreign securities redeemed or repurchased.. 756,000,000 — i node aed hen bal cma peg Ba) ly income from dues and initiation| honest person who will investigate | 33 First St. New York City. Gold transfers .. 116,000,000 214,000,000 | i. Williams 2nd, Philadelphia, lathe fee is based upon a report concern- | the affairs of our union will be forced "AMALGAMATED Net changes in unfunde: ink accounts —— 359,000,000 final round of the national doubles ing the size of our union’s member-}to come to the conclusion that the | FOOD WORKERS Miscellaneous ......... 116,000,000 285,000,000 | tennis tournament. ERE is all the evi- ship. The report is not ours. It) present administration should have Bakera’ Loc. No. 164 Ru, ARNHEM Th f ‘th Tilden-Hunt ¥ A was taken out of our union’s journal,!long since been where our former Meets ist Saturday De aN enchant .-«§8,892,000,000 _$8,892,000,000 | victory was 108 68 6.5, denee of the tragic || tne Mebruary, 1925, nmmber. ‘Whe ad-|chiet, Walfusky, de—-outelde of the “B) sau reid anaes — : = f case, presented in Rsk ministration tells us now that the | union, and not in our ranks, Sins Bronx, N-Y. ' 4 ote ¢ ; opular style by a union’s income is tens of thousands Ask for Patronize Our Advertisers. Sacco-Vanzetti Case Slug Prison Guard; Escape. ple, pop y Here » The legal aspects of the Sacco and Vanzetti case will be the topic of a lecture by a lawyer tomorrow eve- ning, 8 p. m., at the Y. M. C. A,, 28rd Topic of Speec! Tel. Lehigh 6038. EN ait Dr. ABRAHAM MARKOFF SURGEON DENTIST Oftice Hours: 9:30-12 A. M, 2-8 P.M. Daily Except Friday and Sunday. 249 EAST 115th STREET — . New York. Cor. Second Ave. , PHILADELPHIA, Sept. 5.—Every out-going train was watched today for two, who escaped from the Hast- ern Pennsylvania Penitentiary shortly before midnight. William Rishie 36, Kingston, Pa., and William Lynch 19, eseaped by slugging a guard, hurling him from noted lawyer and pro- fessor of Harvard. The opponents of La- ‘bor have bitterly con- demned this sane, impar- tial book. It stands as a been given in our statements. We the administartion lying; was it in Hill Would Stay in West. SEATTLE, Sept. 5. — Whether therefore wish to know: When was|Harry R. Hill, 22-year old Streator, | iT, youth held here in connection its report of February, 1925, when) with the death of his mother, Mrs. it spoke about the size of our mem- Eliza Hill, bership, or in its statement distrib-; August 22nd in the basement of her uted at the last Cooper Union meet-| whose body was found home, will fight extradition will be Phone Stuyvesant 2816 John’s Restaurant SPECIALTY: ITALIAN DISHES A place with atmosphere where all radicals meet, | RE St. between 7th and 8th Ave. It will i challenge ' to reaction. ing? , determined later, his local attorneys, \be’ held under the auspices of the Phas A nao ngs being hecae Read it. Who Are Privileged? Lane Summers and T. H. Patterson ~ | Liberty Free Lecture Association. rope, ! 2. If the furrier and cloakmaker! announced today. He was caught $1.00 cloth-boand. NATIONAL BAZAAR DAILY WORKER, and FREIHEIT Will Be Held in || Madison Square Garden — October 6, 7, 8 and 9th 4 Organizations and individuals are urged to IMMEDIATELY COLLECT ARTICLES (ra ns , Dr. J. Mindel Dr. L. Hendin Surgeon Dentists 1 UNION SQUARE Room 803 Phone Stuyy. 10119 tax brought in only $30,000 as the thru the sale of his automobile. Po- administration tells us in that same lice checked on the engine number. ||| statement, we should like to kno —————- | Who are these privileged ones that | Davis Motorcycle Champ. | did not pay these taxes? Are these) ROCKINGHAM SPEEDWAY »| the same that so strongly desired|Salem, N. H., Sept. 5.—Roaring, the present $60 tax? ;around this great board saucer at the, 8. In the same statement the ad-|rate of 109.7 miles per hour, “Jim” ministration tells us that our state-| Davis, of Columbus Ohio, this after- ment to the effect that no organiza-|noon thrilled fifteen thousand spec- ion of any importance has been done|tators by winning the 10-mile na- since Shiplacoff is in office is not |tional’ Championship motorcycle title | correct. Health Food Vegetarian Restaurant 1600 Madison Ave. PHONE: UNIVERSITY 6:65, The Sacco-Vanzetti Anthology of Verse A collection of inspiring poetry on the case by seven- teen noted poets. ANYTHING IN PHOTOGRAPHY STUDIO OR OUTSIDE WORK Patronise Our Friend Orchard 3788 Strictly by Appointment fel, 25 CENTS 48-5) DELANCEY STREET Cor, Eldridge St. New York || DE, Lees . for sale at the Bazaar. This affaii bo YOUR BEST TO MAKE in the world. Enormous quantities of articles are required. ir is being held in the biggest hall THE BAZAAR A SUCCE:! Daily Worker Pub. Co. 33 First Street | New York a list of a few insignificant “shops” which Shiplacoff claims, were orga: ized during his administration. The administration gives us for motors of 01 cubic inch displace- jment. His: time was 5 minutes and 29 seconds. Davis was closely pur- We sued by “Curley” Fredericks, of Den- should like to know: How much did | ver Colorado. SPIESS STUDIO 54 Second Ave., cor. 3rd St. Special Rates for Labor Organiza- vons (Betabdlished 1887.)