Securities That Provide Security to Gamblers
"Securities" That Provide Security to Gamblers Over Sixty Millions Sold in Ten Years by Corporate Capitalism and Dupes Lose All; A Socialist World Needed P*VEK think of that magic word...
...In view of President Roosevelt's slashing denunciation of lynching before the Federal Council of Churches here, it is difficult to see how he can avoid taking leadership in the movement for Federal anli lynching legislation...
...In that year, when Labor was returned as the strongest party in the country with 8,250,000 votes and 288 members of Parliament, political Socialism reached its peak...
...The "Others" include an Independent Liberal in one contest, a Scottish Nationalist in another, and 704 Communist votes in a third...
...The first open admission before the NRA that greedy in-duRtry had worked at full blast to benefit by low wages came the day from Colley B. Court, presi-pent of the National Association of Wood Heel Manufacturers, who admitted that his industry had done exactly that...
...having brought the Socialist roes* sage home to many thousands of people...
...Flanking Hays were four other volunteer attorneys who had given time and energy freely to the case for months...
...What is required is the conquest of government and Industry by the working masses and making public power our agency for building a complete order of Socialism...
...Even in the old days before corporate capitalism with its sales of "securities" the prizes were only for a handful compared with the total population...
...The party has also been too tolerant and has not exercised that discipline that is necessary to build a growing workin-* class party...
...of two thousand workers is also rising under similar collective planning...
...The well-informed younger comrades agree with this point of view...
...Many of the codes fix lower minimum wages for the South than for the North on the ground that living costs are considerably lower in the South...
...The peril the party faces ss a result of Sinclsir's action is recognized by every real Socialist, and the Utmost will be dons to avert it...
...many of us do not have that little...
...Vellona said he had not heard the court's admonition against demonstrations, and tried to explain that he was hard of hearing since he was beaten over the head by Khaki Shirts when Fierro was slain...
...But Wednesday he instructed the jury in calm tones, and his altered temper surprised Terzani's friends...
...This statement is based on the estimate that the approximate deductions amounted to $51,000,000 and that a dollar in a wage envelope turns over at least five times in a month...
...The tiny Labor party In Parliament has not grown by more than a few members since the disastrous general elections, but tho tendency of the by-elections and in the municipal elections has been so noticeable that the lighting spirit of the Labor Party group has been enormously strengthened...
...The Socialist Party vote may be such that it will lose its official standing...
...WAGE-CUTS REDUCE BUYING POWER AN idea of the wallop dealt buying power by the Government's wage reduction policy in the Federal service is given in the current issue of the Union Postal Clerk, -official organ of the National Federation of Post Office Clerks, in which it is estimated that buying power for the six months ending December 31 will be reduced by $3,060,000,000 due to deductions from the wages of post office employees alone...
...The rise) of Labor strength Is the causo of Premier MacDonald's frantic attempts to consolidate his "coall-tion" into a party and to declare the "emergency" that called It into being still exist...
...His seeking of the Democratic nomination for Governor has revealed how shallow his political and economic thinking has always been...
...This phase of capitalism was not only a gamble...
...With the short-'sightedness of their class they apparently have not realized the danger of Northern industry in the differentials...
...Many other friends, Italians and Americans, also were there...
...y a New Leader Corresporidelit> I OS ANGELES.—With the elec-~ tion of Hyman Sheanin as State Secretary of the Socialist Party to succeed Harold Ashe, removed by the State Executive Committee because of recently acquired Communist views, and the desertion of the party by Upton Sinclair to seek the Democratic nomination for Governor, the Socialist Party in this state faces a new situation...
...Away wit 11 a swindling "securities" capitalism...
...Returns Next Year With debates, lectures, radio ad* dresses and a farewell dinner, Fred Henderson, British Socialist and regular contributor to this paper, concluded a two months' tour of the United States with a busy week in New York, and sailed for home on the Berengaria December 16th...
...Once a man owned a factory or • mine, something we could ice...
...After the acquittal, however, hand-clapping in the court aroused the judge's wrath...
...Pieces of paper were issued and sold to buyers by the corporations...
...Huber's loud voice made a notable contrast to the modulated tones of Hays...
...The opposition will ignore the fact that there would have been no demand for Federal anti-lynching action if the states had stopped lynching...
...Because of "united front" maneuvers by Communists and their sympathizers within the party, quite a number of party branches have been more or less divided, some verging on disruption...
...The survey reiterates warnings that industry still has a long, long way to go before recovery and that there will be 10,000,000 or more unemployed during the winter months...
...Old-time comrades who have watched this development have come to the conclusion that the party has been too careless in admitting people to membership who know little or nothing of Socialist principles...
...That vote properly belongs In the Labor column, and (he Labor total should properly be 83,729 for the six constituencies, and the Labor percentage should be corrected to 89.7...
...At the same time his sunny personal charm was appreciated everywhere...
...10.000 JOBLESS DESPITE "UPWARD TREND" AN upward trend in industry, B" after the fall slump, is indicated by recent reports...
...Sinclair had formerly posed as a left winger, especially in matters relating to Stalin and his fellow commissars...
...in Irving Plaza Hall...
...If outright dismissal of all Federal employees was resorted to as an emergency measure, your Federal taxes would remain virtually the same," it said...
...You who gambled owned copper one day, aluminum the next day, oil a third day, and then you owned—nothing I You wanted to imitate the big gamblers by living without doing any useful labor...
...His farewell to his comrades at an Informal little dinner at the Rand School Thursday night was heartfelt and sincere...
...British Labor Party Passes 1929 Vote In Six fy-ffaction This Veer Socialists Foil Him Rest Vote 1* Their HUtory—Liberals Vanishing...
...Since that general election the Labor Party has won a number of new seats in by-elections, and la every polling has materially increased its vote...
...Arthur Garfield Hays finished his argument with complete confidence that the jury was friendly, and that confidence remained after Prosecutor Huber finished...
...many have nothing at all...
...High pressure salesmen, watered stock, rigged market i, and other forms of magic known to the insiders made the "securities" secure for themselves and insecure for the outsiders...
...However, we became a nation of tin-horn gamblers until the insiders cleaned up the outsiders...
...And even in that case the Government was represented by a "National Labor" man...
...I'm not going to sit here and worry about the public," Downs replied...
...This case has been saturated with lies...
...It was a victory against heavy odds, since the judge had been hostile to the defense during two days of testimony-giving...
...In 1933 the Social int...
...You had a slim chance then...
...and few men today own an industry...
...No Fingerprints Taken In his argument Hays assailed the prosecution for failing to photograph the murder-gun for fingerprints and for not taking Moffer's fingerprints on the night of the killing...
...But patrolman John Nolan, state's witness, testified that Terzani accused Moffer five or ten minutes before Smith accused Terzani, and showed him the hidden gun...
...He ordered the culprit brought forward...
...Norman Thomas, Socialist leader and head of the defense committee, was in court with Mrs...
...Northern employing interests have made no strenuous opposition to the setting of lower code wages for the South...
...In m» In those districts the Socialists polled 84 per cent of the total vote...
...At Kilmarnock In Scotland the Independent Labor Party polled 7,575 votes, split the Labor strength and let the Government candidate In by a heavily reduced margin...
...A Socialist World Needed P*VEK think of that magic word "securities" in *-* this sad world of capitalism...
...This considerable slow-down in buying power'was with slight effect on Government expenditures, the article continues, in that only four cents out of every tax dollar goes for the salaries of all Government workers...
...The tour was a distinct gain to the party, Henderson's lecture...
...For in that way only can the Ministry avoid calling a general election that is certain to result in enormous Socialist gains, and possibly- s So* (i*iliKv (jovftrniHicnt* Henderson Tour Ends...
...This appears to be the result of plotting by Communists, and it has had its effect upon some members who joined the party in the last several years...
...Then ame the development of corporation...
...They thought that they were capitalists...
...He aent Vellona out via the prisoners' exit, and ordered him to "stay out of Queens County...
...Terzani Victory Is a Blow to Khaki Shirts By John Nicholas Beffel ATHOS TERZANI was acquitted Wednesday of killing his anti-Fascist friend, Anthony Fierro, by a jury in Judge Thomas Downs' court in Long Island City, which deliberated only thirty-two minutes...
...The ancestors of the laboring millions had little...
...The American Federatoin of Labor, in its monthly survey of business, says that "basic gains" are continuing, •1th "encouraging developments" in industry...
...After the Nstlonal Industrlsl peepvery Act went into effect there was a swift drop in production, so that now only 25 per cent of the workers (2,750) have jobs...
...Tuesday he rebuked the defense witnesses and defense counsel repeatedly, and showed plainly that he resented the onslaughts against "justice in Queens County" and the imputations of negligence against District Attorney Charles Colden's office...
...Undoubtedly standards of living are lower in the South, generally speaking, than In the North due largely to the fact that neither white nor colored Southern labor is Organized to any extent and that the wages paid Negroes have always been lower than the wages of white workers...
...Ten Million Still Jobless Despite All "Encouraging Developments" Employers Wrangling to Get What They Can Get Out of Differentials-Why There Was a Fall Slump By Observer Washington, D. C. WASHINGTON observers of the workings of the National Recovery Act believe that a storm is brewing over the wage differentials set by NRA codes between the North and South...
...In the region of the Tennessee Valley project another towi...
...in all cases they were con~ tidered among the weakett die* trieti for Soeialum in the country...
...The word implies that if you have such paper you are secure...
...It is more than likely that Northern employers will in the end attempt to force equalization of code wages between the North and South, as advocated by organized labor, which mors than once has seen the force of circumstances compel employers to line up with the workers on a particular issue...
...These were Harry Sacher, Morris Shapiro, A. C. Weinfeld, and Leon Pomcrance...
...the cost of living between the South and North rest on shaky ground...
...In the past ten years over sixty billion dollars of this paper—"securities"—have been sold...
...It was Fort Vellona, cartoonist for the anti-Fascist daily, La St amp a Libera, a defense witness...
...Once Hays asked Judge Downs to hold Smith for subornation of perjury...
...You did not know this till it was too late...
...They were going to get rich, but the insiders who sold "securities" knew tricks that would excite the envy of the late Houdini...
...Judge Downs castigated Vellona, calling him "one of those loafers who go around making trouble...
...Henderson's last week kept Mm exceedingly busy in and around New York...
...A hundred and fifty years of capitalism in one form or another have brought the working masses to this I Why not wipe out the game and establish real security for all...
...They gave you a chance...
...it was a swindle, and the swindling has continued even into this period of widespread distress...
...In that case the enormous number of signatures required to get on the ballot will make it almost impossible for the party to nominate candidates...
...It is timid and confined to a few tiny ventures...
...Millions of small investors, farmers, workers and others, have a headache when you mention these "securities...
...Wein had sworn before the grand jury that the killer was a man in a brown suit, such aa Ter-zani had worn, but he said he did this because Commander Art Smith of the Khaki Shirts had threatened his life...
...Downs refused...
...It hag been a lenson to well-grounded Socialists, who will henceforth follow a more effective policy, and it is hoped that comrades in other states will profit by it as well...
...Labor Jury Delays Verdict The labor jury, representing nine outstanding organizations, announced immediately after the trial that it would delay comment until a carefully considered statement could be prepared...
...It has acquired a farm in West Virginia of over a thousand acres where 200 jobless miners' families will be settled...
...Downs thundered...
...forward to a Socialist order of real control and security I Party Standing Imperiled in California Desertion by Sinclair, anal Communist Maneuvers Cause Contusion In Party— Sheon/n New Secretary...
...Thomas, who attended all sessions as an observer...
...The psychology is for •11 the world like those party members who in 1919 flocked to the party faction that was coming under the control of Moscow and which was soon talking of "Johnny get your gun...
...Downs said he was not concerned with that matter...
...I Labor, NRA o/flcials and others have often charged that the fall ¦lump was due to piling up production before the adoption of the NRA codes, with their higher wages and shorter hours...
...The alleged lower "efficiency" of Southern labor is also a factor in the differentials...
...These unschooled members have fallen victims to certain fears which include apprehension that a complete collapse of capitalism is just around the corner, that the Fascists are going to get us soon, and that our only salvation is unity of action with the handful of Communists who are active in California...
...Industrial magnates have been very coy (•bout admitting the«»truth of the Charge...
...in 1981 the percentage fell to 28...
...Most of the Southern employers Who appear for the differential at code hearings claim that most of their labor to which the minimum Wage will apply are Negroes and that these have lived on a level even lower than the wages proposed in the minimum schedules...
...VARIATION IN LIVING COSTS Wage differentials based on what is supposed to be the difference in...
...General" Art Smith was on the stand Monday, and repeated his charge that Terzani had shot Fierro...
...IONDON—The splendid upswing of Labor Party strength, accelerated during the past year, has already brought the party above its strength in 1920, its best year to date...
...The betrayal of the party by Sinclair may prove a terrific blow...
...The treachery of Sinclair is quite as damaging, as he also has had an effect upon some unschooled members...
...This experience is not without iis compensation...
...You lost all and they had the stakes that you lost...
...Sitting with them was Isadore Katz, attorney for the American Civil Liberties Union in Philadelphia, who had aided the defense greatly in preparing its case...
...It was good news that he will return next year for a more extended tour...
...Tho following table, tells its own story: , Voir nil 111, Vmr I'arllr* l.iiln.r Turin emit Others kim Itlll.SKS vi,iisi k;,iv,h 1,2,0111 - l!i:n 211,107 00,714 146.047 li.illi - 10:i:i 201,1.1,0 78,154 111,102 |;.,:ki;i 16JI77 The Conservative gain from 1929 is due to the transfer of large sections of the Liberal strength to the MacDonald "National" government, almost wholly Tory...
...In five of the six constituencies the Labor Party had never won the seat...
...That is, you thought it was a chance, but they knew different They could not lose and they also knew that you could not win...
...It has been generally known that this practice of booming production to beat the codes was prevalent, but Court was the first industry association head to admit it at a public code hearing...
...Government figures indicate that food prices vary considerably between cities In the same geographical zones and that the prices are virtually the same in many Southern and Northern cities...
...The result is that we lose some uninformed members who follow Sinclair, while others come under Communist influence...
...Hays asked him to advise the District Attorney to hold Smith...
...Even the Federal administration at Washington, now striving to revive capitalism, ventures into a collective program in a few minor projects...
...Others present included Kdnund J. Phillips, former Khaki Shirts' organizer who had given the defense committee Invaluable leads to evidence after his offer to District Attorney Colden had been ignored, and Michele Fierro, father of the murdered student...
...So two phases of this chance-world of capitalism have left us where our great-great-grandfathers were...
...His audiences everywhere were large and In every case deeply imprssed by his deep knowledge and sincerity, by his lovable character, and by his moving eloquence...
...As a consequence of this policy, employment in the industry An June, 1933, was 20 per cent over the peak of 11,000 in 1029 and pro ¦ictlon was "tremendous," Court Wd...
...A vigorous fight for passage of Federal anti-lynching legislation is certain, with a bill to be introduced by Senator Costigan of Colorado on the opening day of Congress...
...But the public is concerned," Hays persisted...
...Now Northern employers are waking up and there are indications that dissatisfaction will grow fast as time shows the differentials are firing the Sooth a decided advantage in production costs...
...Prosecutor Harry Huber, in closing argument, centered his attack mainly on Samuel Weln, former Khaki Shirt member, who testified that Frank Moffer of Philadelphia, a former associate, killed Fierro In the tight at the fascist Khaki •Shirts' meeting in Astoria in July...
...It was obviona to the spectators Wednesday morning that the prosecution was waging a losing fight, so much so that a poll among the news reporters present showed that all expected an acquittal...
...Don't lie to me...
...The public works program also means social control...
...There was a steady decline, due to the weak policy of the second MacDonald ministry, followed by the betrayal and the elec-tion catastrophe of 1981...
...you have none at all now in playing the game of the masters of corporate capitalism...
...He swore he accused Terzani that night before Terzani identified Moffer as the slayer...
...Henderson, who had previously been known In this country only by his writings in The New Leader and by his widely-circulated books, made a deep Impression here...
...A government factory producing twine for the Postoffice will employ many workers, a social center with a school will be laid out and subsistence gardens are planned...
...During the past few weeks sis important by-elections were fought, covering different parts of the country, and the total results give a picture of the steady Labor forward-march...
...Judge's Manner Changes Over night Judge Downs' manner had changed...
...Government and other reliable figures on the comparative cost of living in the two sections are lacking, except in the matter of food costs and some relatively immaterial items...
...To celebrate this triumph, Terzani and Miss Tillie Golia will be publicly married Friday evening at the Christmas Fund benefit entertainment to be held by the General Defense Committee of the I.W.W...
...In the setting of wage differentials under the codes costs of living and standards of living have been confused, perhaps purposely...
...have reached 39 per cent...
...If he does not advocate such legislation, he will at least be forced by the logic of his words to sign an anti-lynching bill, no matter how vociferous may be the opposition of certain states...
Vol. 16 • December 1933 • No. 25
