The Answer to Depressions Is Sicialization of Industry
Oneal, James
The Answer to Depressions Is Sicialization of Industry laasfciiai fiiaimii ttiisainiiiii Tisni to Lack of Pur-ijnsinf Power of the People-i^rogram Urged for ZreEquiteble Dtstr&ution of Wealth to Be...
...It produces an excess of wage workers by replacing them with machinery and more efficient management...
...30,600 Sidney Winslow------- United Shoe Machinery Co---------- 90,000 W. O. Briggs____.____ Briggs Manufacturing Co..--------- 60300 W. P. Brown-......„ Briggs Manufacturing Co...
...Only 12% earned as much as $300 a year...
...As the mass of working farmers are also exploited out of much of the values they produce, the margin between productive power and purchasing power is widened...
...The Liberal government cuts down the doty oa fsrm implements and parts...
...Hoan declared that there "is not a shadow of a doubt that the Electric Company authorized and directed the expenditure of from 160 to 250 thousand dollars" to induce the voters to vote against the administration...
...Opposition Leader Bennett looks upon it as the ruination of home industry...
...That is the reason why we have widespread misery in the presence of widespread abundance...
...teachers and preachers, timeescribed it to faulty taxation, ¦Mrs to extravagance of the upper wises,' still others to speculation...
...The a rat time m our history that this extraordinary phenomenon * was observed was in 1837...
...If they can realise more values out of booze than'Bibles, they will manufacture booze...
...We want equitable distribution of wealth, old age pensions, social justice and economic security, but- these essential -measures must be correlated with a program looking forward to a complete revolution in and reorganization of pur industrial system so as to forever prevent the hideous sufferings that result from economic crises...
...The Minister ef-f^ai tional Defense—a valiant toe* tariff man daring the five years when the Liberals war* in Opposi-i tion — tried to hare tee motion4 ruled out of order...
...100,025 G. L. Hartford--------Great Atlantic Pacific Tea Co------- 125,000 O. E. Adams...
...SkOther causes just cited are also wiSh'absurd and it would appear fat the eminent men of the BBSj* who appeared before the ¦passional committees were JBf ignorant of the causes or fchfcd no desire to probe very Panto the malady...
...His cure-all is an extension of foreign markets...
...It was curious to see some private members of the Government pan}- rise in their places and complain that the great agricultural implement companies of Canada are reaping the benefits of lower tariffs and at the same time raising the prices of agricultural implements to the farmer...
...That is to say, we face a conflict between human needs and the industrial system based on production for sale and the profit gains of the owners of industry...
...ntifcW from Western Canada, broegfatctfl House face to face with reality...
...It is a production in excess of onr ability to buy, not in excess of our needs...
...They want to use, but they cannot buy...
...Byrnes...
...He insisted that the s gas Of ment most be passed in its entirety, If Mr...
...Prime Minister King defines it as an absence of trade...
...When the system re-iMpe, these explanations -were flHftftn when in 1867 there was - SSHr-crisis end again attempts ¦ wliHa*4' it were just as futile...
...C.C.F...
...and Social Credit members are not greatly interested in it They voted for it as a step in the right direction, but they made it quite clear that the hobble-skirt of capitalism would make it a very tiny step...
...hut all of these alleged wises'.bad been present in other firieia-without bringing industrial narration...
...These tearful calamities a^anknown before the age of Sfjjff 1 ttti General misery often jwjnttd long wars or because earthquakes, cyclones or filfepread pestilence be fore the jfitiot capitalism, but not until 2 - present industrial system Sned a link over a century wfiH?d mankind witness generai JMpse in the absence of natural SiLour' modern age, at a :ime la Industry is functioning at' a jpfata...
...80,000 Edward J. Frost------ Wm...
...ef Ui* press of so-called Uw^aa^wor nature...
...Production is planless...
...United Gas Improvement Co-------- 100,000 L. O. Head........._- Railway Express Agency-.........- 60,400 F. H. Bronnell________ American Smelting St Refining Co...
...And 700,000 are being dropped from WPA tolls by July 1. The depression is pretty well over for the fat boys, but the masses live in misery and insecurity...
...KfiVK excessive importation of Aauriee...
...Fundamentally the wage worker is always producing values in excess of the wage he receives...
...Senator Wagner recently made this statement, but he confuses two things: production for exchange and profit, and production for use and enjoyment...
...ioq Worhers aad Formers Rank and file members of the old parties vote, of course, with their leaders...
...Three atfgMajbnal committees investi-jjjp^fte depressioas of 1873 and Wm, ahd these were summarized #;«aa^aioper of Labor Carroll a^^t in his first annual fgp Congressional committees Maid to the explanations of rep-ASSta lives of various groups and -SWesskifts, and Mr...
...F. Fisher......General Motors Company__________ 78,840 Thomas J. Watson---- International Business Machine Co...
...sees, no argument for the aiwHtion ^of dejnwas once asked if he thought that Christianity had failed...
...These saate Communists, net only did net vote oar ticket bat I have absolute evi-dence, whether my opponents knew it or act...
...This is the SoeiaHst program, and six years of brooding anxiety and terrible suffering' emphasize its Fat Boys Rake in Inflated Salaries But Masses Go Hungry I.jABT week the country was ; shocked to hear that while the American Telephone and Tele-graph Company paid dividends of $9 a share throughout the depression, it turned loose almost ene-third of its working force— 120,000 human beings—to starve or go on relief...
...Mr, Coldwell did withdraw it i« the hope of renewing his argumenSi at a later stage of the seariea, Jfaf the House took several more days, hotly debating a matter which wai as unalterable as the laws of the Medes aad Persians...
...Our industrial system is not based upon production of things for human needs...
...Townsend or Father Coughlin...
...S. Knudsen______ General Motors Company..________ $201,895 Alfred P. Sloan------- General Motors Company__________ 201,693 Donaldson Brown-----General Motors Company;__________ 134521 Chas...
...Therefore we have the peculiar phenomenon of overproduction...
...Income tax collections are 46% greater than last year and 85©, greater than 1938...
...Wright listed flat explanations under 68 main hates...
...That is the opinion of the C- C. F., Canada's Socialist Party, regarding the Canada-United States trade agreement which has furnished three weeks' discussion in the House of Commofiv Prime Minister King who signed the pact on behalf of Canada regards it as the salvation of the country...
...May 1 repeat what I have recently said over this station...
...Department Store------- 129365 Simon Lazarus...
...that they were busily engaged in yesterday's election at several of the headquarters of avy oppoueat, bringing in Vetera for the purpose of defeating the S% delists...
...The owner may have to share part of the surplus with a. banker as interest and even part with a landlord, but there is a net surplus left for himself...
...Everybody knows that the reason we are having a depression now is because too little of the national income weat to labor and too much to capital...
...The big com-.panies absorb the benefit and garner in even more by ceShyaj the farmer higher prices...
...128,701 Lawrence Fisher_____ General Motors Company__________ 125,218 John T. Smith________ General Motors Company__________ 125,000 Wm...
...Heaps (C.C.F., Winnipeg) can't see it that way...
...75,000 S. Guggenheim------- American Smelting & Refining Co— 60,000 P. A. S. Franklin_____International Mercantile Marine---- 64,904 George G. Booth-----_ Booth Newspapers, Inc...
...We must work and educate for a Socialist democracy in industry and government Corporate mastery must be replaced with collective-ownership and control...
...80,000 Lincoln Filene________ Wm...
...Western Libera: members find themselves in a dilemma which they solve by methods which liOiiatTnat deceive an Intelligent electorate...
...rate, some mysterious in-fisaec begins to affect our whole Xgjstria...
...We need what we cannot buy, but we cannot buy what we need...
...The recovery that has taken place so far has been mainly recovery'for the prosperous groups...
...Great Atlantic Pacific Tea Co----— 100,040 R. V. Smith__________ Great Atlantic Pacific Tea Co------- 100,000 John E. Zinrmermann...
...reproduces the value of Wf^sge in part of the working ^R*j*4*during the remainder of S/*J""">g day he produces ' a j^Sjs in excess of this wage...
...life...
...191,092 Paul Dellamy_________ Plain Dealer Publishing Co.._______ 58,477 Harvey D. Gibson_____ Manufacturers Trust Co____________ 125,957 James H. Rand_______ Remington Rand Co—,_____________ 94,120 L B. McKilltrick_____ Philip Morris Co___________________ 99,071 John W. Van Dyke____Atlantic Refining Co...
...ftj^SBHrker must produce more R* than what he is paid for or would be...
...Fisher---------- General Motors Company__________ 121,488 Richard H. Grant_____ General Motors Company...
...Thus there appeared to be a united front between the Communists and the Electric Company...
...They always seek' to do as much demean to the Socialists as is htrmaajy possible...
...In this farce the C.C.F...
...The .reaction did its utmost to pin the Communist badge upon the Labor-Socialist alliance, a course which Hoan denounced as "dastardly...
...Our political opponents ¦ used this outrageous and fake charge of Communism to the utmost, and in this respect the alleged indorsement of the Communists must have filled both the Communists and oar-opponents with glee, whileear f& isens were hoodwinked into vptjB for, in most part, most reactionary candidates...
...197,568 F. A. Courtnay------- Lever Bros...
...The industrial pace Huitas, Increasing numbers of ajjrker* are discharged, farmers Hfe'to suffer/distress, and the BpfrjeU - spreads to more and STre- occupations until millions of Bc&l -toilers are mocked by the Bi&danee they have produced Br ,'whkh remains...
...Producing Surplus Workers Labor power is a commodity, as we have seen...
...When the depression is underway, paper values crumble everywhere and millions of human beings become impoverished, yet the sum total of real use values remain what they were...
...But President Gifford of the five billion dollar corporation pulled doifn a salary of #206,000 a year.' Try to...
...The enemy was rSeMSai aad irresponsible in m#king charges and again and again these were answered during the campaign...
...All the forces of conserva-tivism had been mobilized fa aa effort to defeat him and reduce his support la the council...
...75,000 P. D. Winnett_________ Bullocks Department Store...
...On the other hand, the owners who have the surplus goods cannot use them...
...He replied that it had never been tried...
...From 1913 to 1933 factory expenses increased What of the Canadian f*T' 1 fg Between 1928 and ISM hi* income shrank by about 66 per cent a*d his debt burden increased by 39} per cent The price of what he had to buy shrank only about 20...
...no gain for the fSj^sdeeiao: Sarpins Values BP really happens after the fwnan sells his labor power is...
...He then proceeded io state the Labor-Socialist position towards the Communist movement and affirmed the irresponsible conflict between the two movements...
...In his opinion a depression consists of a lack of food, clothing and shelter for the masses of the people...
...The twelve millions of unemployed are still with us...
...Coldwell, cjc.F...
...Speculation and gambling on the exchanges are also contributing factors, while the banking system, which piles up credits and loans based upon speculation and expectations, adds to the top-heavy character- of the whole industrial system...
...Society is transformed into a vast prison, where millions of toilers are taunted by knowledge of the superabundance of use values available, use values which they helped to produce but which they cannot have because they are stamped with a sales tag...
...Of that increase only about $1.36 went hrto wages...
...100,000 Fred 'Lazarus--------- F.tR...
...F. Kittering---- General Motors Company!_______ 134,496 John L. Pratt________ General Motors Company__________ 134512 Alfred J. Fisher..____ General Motors Company_____ 128,701 Edward F. Fisher---- General Motors Company...
...Tells Parliament Tariff Won't Solve Economic Maladies By Grace Maclimts J7REEING the channels of trade - between Canada and the United States will not free the workers of either country from the poverty and insecurity which is now their common lot...
...90,000 Chas...
...The proof of this is to be found in the fact that all capitalist countries, whether their tariffs be high or low, are today suffering from the same economic maladies...
...If he HiPsd working after reproducing HPSme of the wage paid him, HfcwooJd be nothing for the PW** who buys the labor power...
...He took an uncompromising position in favor of democratic Socialism...
...In his opinion neither high tariffs nor free trade will solve this difficulty...
...60,000 H. H. Fish___________ Western Newspaper Union...
...KUbay now turn to a con-IpMon of the causes of depres-BE There are . a number of ¦j but the most deep-seated is PpL in capitalistic industry...
...fi It took the Prime Minister ta save the situation for the Government...
...He moved that the items in the Agreement relating to atffcajtgnv implements be made free...
...They do not want them for their own use...
...The Answer to Depressions Is Sicialization of Industry laasfciiai fiiaimii ttiisainiiiii Tisni to Lack of Pur-ijnsinf Power of the People-i^rogram Urged for ZreEquiteble Dtstr&ution of Wealth to Be Linked With Plan for Transition to New Social Order...
...ef phrtoeraey...
...This cannot be realized so long as buying and selling of labor power, production for profit, anarchy in the market, and speculation are factors in our industrial civilization...
...The Communists are the deadliest of enemies of the Socialists...
...48511 Wiey Blair___________ Holly Sugar Corporation___________ 60,000 Jesse Lasky__________ Fox Film Corporation_____.....____ 324,314 Darryi Zanuck________ Twentieth Century Pictures-------- 104,458 N. L. Dauby_________ May Department Stores....________ 137,409 Morton J.May________ May Department Stores.......____, 100,000 Wm...
...Other factors contributing to the coming of depressions are rooted in our system of production of commodities for exchange and private gain...
...Now, just as our industrial system produces surplus commodities that cannot be bought, so it produces a surplus of the labor commodity which cannot be bought...
...That section of the speech follows: Communists Oar Pees "A final dastardly charge was that the Socialists are in league with the Communist party...
...the *si*ts of 1837 continued into 1840...
...Ltd...
...That is the way Socialists feel ahou...
...Profits vs...
...wflSg^'to *tL?F?%Jfc for democrat tic iiistotutions itMn %m °U"WrareiyanaJteraaly ea«Bs?jrj?r...
...It also produces surplus capital which, when reinvested in more production, increases the conflicts, contradictions and absurdities that bring on industrial crises...
...Manufacturing lad spread throughout New Ehg-aathi, canals had expanded mar-¦fes, -the era of railroad, building apa begun and optimism was | javasrigorino, Depressions ^ithe industrial disease spread rsfidly and people.were amazed...
...Below is a list of salaries paid in 1936 by some of" the big corporations which are taken from reports made to the Federal Government Of course, these salaries do not by any means represent the total in-Come of these persons, which are liberally supplemented by bonuses, dividends and well-placed investments in comparison with which the salaries here presented are -small...
...oro...
...Great Atlantic Pacific Tea Co...
...F. &. R. Lazarus Department Store...
...I propeat to rteefd tfal evidence in affidavit form far iel ture aae aad reference...
...The National City Bank Record shows that 895 industrial corporations increased their profits in 1935 by 47% over that of 1934...
...The Minister of Finance thought that seek a motion should be preceded by an address from His Execellency the Governor-General...
...Coldwell would net withdraw his motion he (the Prime Minister) would ask the House to vote against it...
...No matter how extensive may be the sales organization of a big corporation, it can never know the real capacity of the market...
...Instantly the Government wae filled with consternation...
...It was a ringing challenge to all who flirt with these disruptive elements...
...figure out how many pay envelopes of telephone girls it would take to make up that tidy little sum...
...We need them but we cannot buy them, we can use them but the owners cannot sell them...
...364,432 Walter P. Chrysler----Chrysler Corporation...
...By James Oneal !i»S*X years 'industrial depres-jj& sion broods tike a haunt-TBfij^lillinn over miHions of Sirs...
...A long section of the speech was devoted to the Communists and the role they played in the campaign...
...Of course these profits went to line the pockets of swivel chair gentlemen "earning" fat salaries and to compensate stockholders who probably never saw the inside of a factory...
...N Beep Seated Copses jfeife of course, to say that de-BTOious are due to "want of em-gMnhent'* is saying that depres-flHuam^due to depressions...
...power to buy, a surplus of unsold commodities is certain to develop in time...
...my*tfSed the journalists, poli-HphaV...
...that Communists had offered sup-| port which had /been repudiated, and that he' had knowledge of Communists actively work in the headquarters7 of his opponents...
...They want a violent revolution, the dictatorship ef the proletariat, and the common ownership of all property...
...They, rail against the implement companies and then they vote itr favor of a government wkath wm holds private ownership of thf^ means of production...
...Now, these basic factors of industrial depressions are not altered by New Dealers or Old Dealers, by the limited vision of Upton Sinclair, Dr...
...Although R. J. Reynolds Tobacco Company made a profit of $23,-896,388 in 1S3S, topping that of the previous year by two million, a Federal investigation of wages at the firm's main factory in Salem, North Carolina, shows that the yearly earnings of the average tobacco worker there were only $144...
...Here, are some of the causes •afcispreseions which the so-called right-thinkers of that period men-MBejh undue influence of agitators, Ait ef confidence, municipal cor-teaiea, an impractical school eys-,4m, devotion to new fashions in *jujs, harmful indulgences, intem-¦yiaee, withholding the franchise 4rhnrworaeii, free passes on rail--WS, lehky collection of govern-mm .revenue, . agitation of the 9gj|, adulteration of food, inade-§y training of girls for future 4>Uia, excessive use of tobacco SJa *eant of employment...
...it is based upon the extraction of the surplus value which 1 have shown results from the buying and selling of labor power...
...I wish to say now that apt person, regardless of who he may be or how high has position, who makes a statement that Socialists are friendly to Communists or that the Communists are friendly to Socialists, or that there Is anything in common Between them is either woefully ignorant or is actuated by malicious motives...
...Finally, we believe In private ownership of everything that is private fas its nature and propose public or cooperative ownership only of these great enterprise...
...In other words, this company raked in more profits last year than all the workers who drew their living from the industry...
...A story was circulated that Hoan would retire on **a huge pension" if he were re-elected and that "factories will leave Milwaukee if Mayor Hoan is re-elected...
...298,049 G. M. Girdler________ Republic Steel Corporation__________ 129,872 John S. MoCarrens---- Plain Dealer Publishing Co...
...Aronbridge 4 Clothier...
...It is largely a matter of guessing...
...If the wage worker piles up commodities in excess of his...
...v™ Mr...
...75,000 L. J. Rosenwald-._____ Sears Roebuck Company_______._____ 85,000 R. E. Ward___________ Sears Roebuck Company.......----- 81318 Edward Filene________ Wm...
...60300 "Communists Are the Deadliest Enemies of Socialists «•«Hosii Io Address FoUowinf His Reelection M&WKa*»e's 9a-cialist Mayor Reiterates Stand Against AH Dictator-stupe—Has Proof Cotnmuniats Helped His Reactionary Opponents Despite Hypocritical **Endoraeeaent** G PEA KING ever the radio the V night following the election, Daniel W. Hoan, Socialist Mayer of Milwaukee, presented a caustic ami lateioaHiig review of the campaign...
...While Liggett tc Myers Tobacco Company cleared $16,856,543 net profits in 1935, the total wages paid in the cigarette industry was around $14,000,000...
...When ¦^•orkman sells his labor power, rjsproduces the value of his If end something more...
...Department Store_______ 55,000 Wm...
...beyond their j^h..-..Sometimes, instead of a "Mm- and creeping paralysis, the BMslilflii fi i iiliiii fh a sudden HtockV like the tremendous crash ^-October, 1929...
...From 1913 to 1930 the average Vice of nine Canadian farm impleflents increased by $5132...
...Filenes Sons Department Store...
...To these accusations were added the charge that trade union men were stirring up strikes, as though workers liked to strike for *the mere fun of it...
...Great Atlantic Pacific Tea Co.------ 100,060 C. A. Brooks...
...9 But a Ave and a half per cent rise in wages in 1985 was cancelled by a rise in living costs of five and a half per cent Since the liquidation of the NBA hours of work have lengthened...
...In other words, plenty of profits, with inflated salaries for the fat boys and miserably low wages for the workers...
...It-all depends upon whether the booze or Bibles can be sold...
...That is why corn is burnt for fuel, wheat is fed to hogs despite human need, and why commodities decay in storage...
...L. Nevin...
...for it is what dividends they-can reap in the market that is of interest to them, not the useful character of the things that are produced...
...The owners ¦Nsber power and the workers ' This is the fundamental BPS ef our methods of producing ¦ftgftributing commodities...
...Filenes Sons Department Store...
...Lazarus Department Store...
...If ISS"*8 eight hours he may pro-K"8 value of tiie wage in five l"*Wn the remaining three hours **" produce a surplus which is - taken by the owner of the industry...
...The owners will produce booze or Bibles...
...The Social------------at...
...Filenes Sons Department Store...
...My opponents do not tell you that the Communists in Russia proawentefi and jailed the Socialist* there more than any ether group...
...What is a depression...
...C.C.F...
...We .Men.in a.circle,and get nowhere...
...114,096 James F. Miller------ General Motors Company__________ 110,667 Albert Bradley------- General Motors Company__________ 89,427 M. E. Coyle---------- General Motors Company__________ 87,447 Chas...
...80,000 Philipe Boutillier------ Best St Co...
...In this section Hoan declared that there could be no fraternal relations between the Socialist and Communist movements...
...American readers may be interested to hear that three big Canadian companies have this year made substantial increases to prices over 1934 and 1936...
...Millions of people were aghast A miner shock had been felt in 1819, but it was of Short duration...
...mHHpt was repeated when WuMpitrial system crashed in JWjHjl'again in 1886...
...100,000 Robert Lazarus------- F. 4 R. Lazarus Department Store...
...J. Wells_________ Bamberger * Company...
...100,000 Colby M. Chester_____ General Food Corporation___________ 84,380 John A. Brown________Socony Vacume Oil Company------- 102,935 Herbert L^ Pratt_______Socony Vacume Oil Company...
...A. Amott_______Socony Vacume Oil Company_______ 77,350 Earl D. Babst________ American Sugar Refining Co-------- 77,160 M. L. Peter kin________ Great Western Sugar Co.a.._____ 65,000 W. D. Lippitt_________ Great Western Sugar Co...
...76,000 Lord Duveen_„------- Duveen Bros_______________________ 75,000 Herbert J. Fily...
...Capitalism distributes the national income in its own way — wealth for the few and crumbs for the-many...
...Needs Now consider overproduction in the light of this fact...
...per cent The result is that today although his barnyards are filled with the wrecks of farm implements be cannot afford to buy more...
...John Wanamaker Co__________.— 44,439 J. A. Hartford--------Great Atlantic Pacific Tea Co------- 125,000 Wm...
...The Socialist Program A depression may set in by the slow process of industrial stagnation, or it may have its beginning in -the upper range of the financial system by the failure of some big firms or a panic on the stock exchange...
...Filenes Sons Department Store- 80,000 Louis A. Kirstein------ Wat...
...82,500 Adam <L...
...g» are owners of industry and ^¦ah in industry...
...Bare was something outside of all human' experience...
...In the last half of 1935 profits of 120 large corporations increased 141...
...Gimble------ Saks a Co...
...They only want to sell them in order to realize the surplus value which the workers have incorporated in them...
...Our great industries must be socialized and operated for human needs...
...any form ef dictatorship either ef the proletariat...
...Some people sweep this assertion aside by saying that there can be no overproduction as long as people are in need...
...r4 "The indorsement they made at the Federation ticket so bxameife was done for no other purpose than to discredit the Socialists add alienate our supporters...
...that are monopolistic Jn character and in which the ppHp generally has an interest "The Communists unrverseUy throughout the world and in evak city regard the Socialists as - tbjp worst enemies because we obstruct their progress by teaching working .people to employ t»* billot, and peaceful and lseaMrf& methods of accomplishing aarjS provement in their condition...
...The owners do not care what these commodities are...
Vol. 19 • April 1936 • No. 16
