THE BANKS BURY THE ANTI-TRUST LAW
Stanley, Louis
THE BANKS BURY THE ANTI-TRUST LAW CongreszQuietly Wipes Out-Clayton Act Provisions Against The Interlocking Directorates By Louis Stanley rriHE bonks nave just won a quiet but effective victory...
...Moving Organisers to the Front The National Office has placed Emll Herman in Minnesota for organization work and placing a ticket in the field...
...Our sett meeting will be held on May 10th •taa* Daly avenue...
...Steps in that direction were planned...
...Jin The Campaign It has „afc Jeast one advantage for a poor party, with an organization still very weak compared with that of Its colleagues to England, Germany, Austria, Belgium and Scandinavia...
...As funds arrive, we will order waiting organizers Into the front trenches...
...during the seven years for which it has existed in France, we had seen the Bolshevist Party commit many blunders, many errors, even many crimes against the unity of the working-class, against its best militants, against its most sacred Interests...
...Speakers will include Sylvester J. McBride, Frank R. Crosswaith, Joseph Bearak...
...However, everybody had a good time...
...State troopers charging down the streets of "lining camps clubbing all in sight, including business men...
...I received my April 21 copy of The New Leader, and read with much interest, every word, especially the nomination of Norman Thomas and "Jim" Maurer...
...The Banks Grow Restless What the Intention of Congress in 1914 was is perfectly clear from the text...
...For my own part, comparing as to the district of the Parisian suburbs where for nearly two : months I have been waging th...
...Alabama Some of the tried and true cuausdsi of southern Alabama are coming back to life and Joining the party...
...The legislators meant to forbid Interlocking directorates involving substantial banking institutions...
...Last Sunday the Circle decided to reorganize the Dramatic Group...
...GoJ the necessary signatures on the petitions and send them In on time.—Frederick A- Schwartlng, State Secretary...
...On the other hand ar» a hundred aaeY one stories of how troopers are outwit* ted, bow meetings are held despite police edicts, how dispatches are run and the unkm army supplied and kept toformed of the fast-moving battle waged over a line from Ohio to West Virginia...
...The Socialists of Florida are now organizing, and we are going to "bust a hamstring" to get our ticket on the ballot...
...Religion Without Ood...
...the 1824 election most bitterly detWttnced—.then one can form some idea bf the difficulties we have had to overcome in that quarter...
...He asks for a list of Socialists In his state- This was done Immediately...
...National Constlution adopted at the JJ*tional Convention may have to be "3S- _ posed of, and other important bostnow considered...
...Maine A new local has been formed at Lincolnvllle...
...Constitution, etc., will be s»pointed...
...What the Amendments Mean Tbe latest amendment to Section 8 of the Clayton Anti-trust Act makes these changes with regard to Interlocking bank directorates:, 1. The Federal Beetle* Board may now grant permission tar interlocksag directorates among three hanks, where none of them m a measier of the Federal Reserve System...
...The Relief Committee, a national nonpartisan organization, is organizing a corps of doctors and nurses to go into the coal fields to take care of a rWng tide of disease...
...In addition to assisting the Socialist Action Committee at various meetings, some of the Circles had meetings also...
...The act of March 9« 1928...
...In public meetings there have been systematic attempts at obstruction by Communist gangs, often largely consisting of very young people, ignorant and excited in temper, not electors, including unfortunate foreigners (mainly Italian) whose sufferings are cleverly exploited, and even natives of Algeria and Morocco whose political education is still obviously in its Infancy...
...Boston...
...A joint meeting of the 4-14th...
...He offers two good organusers for the National Office to place in other ¦ secttoM ComuodBa Look* . and Stoney of Salt Lake...
...Morris HiHquit on "Marxian Socialism"" At Tremont Forum Moris Hillquit will deliver a lecture on: "Marxian Socialism," this evening, (Friday, May 4) before the Tremont Educational Forum, 4215 Third avenue, near Tremont avenue, Bronx...
...Lacol Yuma sends in 8100.00 to let us know Jbhey are with us in the work of organizing and placing a ticket in every state...
...Athletic Committee: Irving Cohen, and Comrade Zolan...
...Big Business thrives on the ahaence of competition...
...An banquet will be held SstorwW evening prior to the meeting...
...We will leave the Manhattan Shore at 10:00 a. m. Circle Six This Sunday evening at 8 p. m., Dora Wolinsky will speak on Chopin...
...Thus, Jeaert stack land haaks may now have interlocking directorate* with State 2- The Federal Benares Board nee* bo longer consider the competitive relations among the three banks that desire interlocking directorates...
...Due to the League Hike next Sunday there will not be any meeting of the Circle All members are requested to be at th< Nevins street station at 8 o'clock sharp...
...There is no time to lose...
...We must furnish the dollars—and the time to do it is now...
...Oklahoma State Secretary Thomas L. Bule, Parry, is on the Job...
...Comrade Field, presided...
...An Informal get-together is being arranged and will be held in the near future...
...But, it is hoped that for next week a few of our members will have acted on the suggestion...
...New Jersey To Party Members The tune for filing the nominating petitions is growing short, and if you wish to have a ticket In the field this year it is aboslutely necessary that you get busy on the petitions and get signatures thereto, at once, and send them in to the State Office, 256 Central avenue, Jersey City, no later than May 7. After the trouble that we had to defeat the Powell Bill'which would have defrancbised us, are} you going to lay down on the Job and defranchise yourself...
...May «, at 10 o'clock,9m ^ meeting having been postponed one WOSs . for the better accommodation of the sis- . jority of the- members...
...The question of holding a Y. P. S. L. National Convention was discussed and it was agreed to make no arrangements until the next meeting, when present complications will have been straightened out...
...This action has since been favorable...
...We need at least two organizers in the southwest covering Oklahoma...
...Other business ^g Include nomination of delegates to ffftete Convention and plan of work the coming Summer Educational .if...
...Before long we shall know whether the extravagant and Insane tactics hitherto trumpeted abroad fortissimo will be | really pursued to the end...
...5-6th, 13-19 and Williamsburg Jewish Branch was held to devise ways and means of injecting vigor and pep into the Socialist Party in this part of Brooklyn and the first step in this direction was the election of an Executive Committee for Williamsburg...
...the official opening will be celebrated with an appropriate program...
...The Reserve Board to the Front Though the bankers had thus far secured wide latitude in the formation of interlocking directorates, they were not at all satisfied...
...wrar*-Oliver JMfT wtD* preach at ttm Piisjammlrj titan (few Park avenue and Mth street...
...Y. P. S. L. Publication The Board of Directors of the Free Youth Publishing Association met on Saturday at the Rand School...
...Tear gas bumbtog so common that it Is expected to all mass picketing...
...A charter tor a new local was granted to a number of Socialists in West Haven...
...It was claimed that banks that were members of the Federal Reserve System were penalized by the Clayton Act, even as amended, for banks operating under State laws were free to choose any directors they pleased...
...A mass meeting will be held on the New Haven Green in connection with the Convention...
...or whether maybe a belated twinge of conscience (or rather a more precise understanding of their own interests) will induce the Communists to adopt a wiser action, more in accordance with those Marxist principles about which they are perpetually talking, even while they utterly . misconceive the teachings of Marx and of Engels...
...This is a tip to each »nd every comrade and friend who wishes jo see our big plans carried out in full...
...Branch A May festival will be held this Saturday evening...
...Magill is working under the direction of the National Office and is being financed, by the office...
...The Executive Secretary who was present on the night ol the reorganization, says it is an excellent group...
...18th AD...
...A summary of the National Convention was presented by Comrade Halushka who was a delegate from Illinois...
...Bines then clubs have replaced cells for participants In one of America's bloodiest and most .dramatic labor struggles...
...The whole-hearted support of every member -has been pledged to this committee and it is now busily engaged in appointing field workers...
...From another angle it must be admitted that this form of ballot has a grave drawback for our Party...
...The 44 women, penned up in small cells built to accommodate only a dozen occupants, have barely space to move about sad must sleep In 8-hour shifts...
...Prepara- j tion to meet the large number who may : seek admission to the lecture has been made...
...We need a man in Delaware, North Carolina and Virginia...
...Of course, now that the^ommittees are elected, it doesn't mean that the rest of the membership will be able to sit back and watch their servants ut work...
...It retails for as cents SUpcfies and individuals who desire SSSes can obtain some at wholeST rate by getting in touch with the <3J oaVe, 1 East 15th street, New York an, ~f Upper West Side «*x#ld on Thursday evening...
...Reports followed...
...May Mb, the Kips Bay Cooperative ttJusfag •Aabdtation will have a meeting for these interested in cooperative housing tot the Community Church...
...We need one or two organizers in the New England states...
...The advocates of this type of legislation believed that competition is the life of trade and that, therefore, competition had to be preserved: They were wrong and they are more wrong every year...
...With all Its defects, proportional representation certainly provides i more perfected, more modern system, i system exactly representing the different sections of public opinion...
...Two Mpatsuons were received from new memSent Report by branch organizer shows chat due to personal canvassing of enMM voters by our active branch membo vc have succeeded in getting in new isnnhrrn as well as many new subscribers to tt* New Leader...
...Socialists of Reading are planning to send a delegation to greet the standard bearer of the Socialist Party...
...but In spite of these attempts, our speakers have succeeded everywhere in securing a hearing, and often In carrying the day and in rallying to their support the immense majority of the audience—a feature which was not seen four years ago...
...State Office Notes Every Socoialist who can write is urged to mail out copies of Berger's speech on Imperialism...
...aiiirinlnit'— of our Washington flEfctt Branch will be effected at a meetzKgraaged in the apartment of Com&i Mas and Dora Delson, 610 West SS ftreet...
...WILLIAMSBURG The drive is on in Williamsburg...
...This lecture has been exepected far several weeks, but owing to the convention work, two ad- ! journmenta were unavoidable...
...Louisiana New contact Is being made in Loutotoos which shows a desire to have the ticket on the ballot...
...Don't forget the date...
...A committee was elected to draw up a State platform and present it to the Convention for approval...
...We suggest that other offices keep in touch with the Chicagoan comrades, through either Pearl Greenberg, 1243 S. Homan avenue, their energetic secretary, or M. V. Halushka...
...In practically every letter from that state a desire is expressed for holding a state convention to reorganize the party...
...Substantial competition" that might be curtailed is no longer the test...
...All Socialists in this State who wish to make arrangements for and to attend the Socialist Convention in Tampa, please write to J. D. Mitchell, Box 262, Mulberry...
...A program has been arranged for the evening's entertainment: Comrade Mary A. Gates, soprano and other artists will be present: August Claessens has also consented to attend: refreshments will be served...
...Wm...
...The play is "Him...
...The demand for the public ownership of the banks should be an important campaign hana, Behind the French Election By Jean Longuet The Communists' Contribution to The "Return of Poincare The French elections had not yet taken place when this article by one of the leaders of the French Socialist Party was written...
...He also asks for funds to be used in building- the movement and urges all the comrades in Oklahoma to report to him on selection of candidates and- other matters In connection with party work right away...
...and Alfred Baker Lewis...
...The banks chafed under the restrictions and the corporation lawyers had to cook up all kinds of legal subterfuges to evade the law...
...They are working under a handicap, but with some substantial cooperation from the National Organization, a healthy membership can be built up and a full state ticket placed on the ballot...
...The State Executive Committee voted to move the State office from Wailingford to New Haven where it will be more central...
...The results— a victory of Poincarc, the return of the Socialist forty without increased or decreased strength, and the cutting of the Communist parliamentary group in half—tally exactly with the predictions of M. Longuct...
...In the absence of the regular chairman...
...A half page was voted for the Souvenir Program of the Socialist Party National Convention...
...The organization of Locals in Waterbury, Ansonla, and Stamford Is expected in the near future...
...Arkansas, New Mexico and Arizona...
...SSeta are on sale at the County Office laottthe Box Office of the Theatre...
...The purpose of this- meeting is to nominate candidates for Congress, State Senate and Assembly and to effect an organization for the preliminary work of the campaign of 1928...
...May 6, at 2:30 p.m...
...One is, how much oil is required to ran the Republican machine...
...Sheriff Braun of Allegheny County threw up the sponge and called for po more arrests...
...Representative McFadden steered his hill safety through the House...
...This will be in the sawn Of a mass meeting to which enfjkd aad independent voters in the 5th ATI, will be invited by special lnvitabso...
...William Karltn Will Speak in Yonkers, N. Y. . William Karlln has been delegated by the Socialist Action Committee of which he is a member to represent that body at a meeting of the Socialist Party and Workmen's Circle of Yonkers...
...Herriot and Palnleve Watering the Ministry of M. Poincalre^—that is of the very man whose patmkfQftj and Ideas they1 hafi, e-n'-Uie...
...V. NEW YOKE CITY The May Day celebration was a huge success...
...Allied with this inner slrcle were Lee, Higginson...
...Coal Fields Emergency Committee Plans To Extend Aid To 100,000 .More Families ¦piTTSBURG.—Miners piffling with union organisers to be allowed to defend themselves and then* wives against clubbing, charging, savage Pennsylvania state police...
...Under the system of the ballot for the list of a whole "departement", we could direct our effort (in varying degrees, it is true) over the whole area of the department, so that the most developed centres used to help, out of the strength of their organization, the most backward rural constituencies...
...From 1921-1928, indeed, I.e...
...State Secretary Merrill eass that State Executive Committee member* be on hand promptly at 10, and be prepared far two sessions...
...The second step was to write to all possible and eligible candidates for the office of National Director...
...It provides the machinery far nationalisation...
...Otherwise it would have had to uphold the fraudulent form of P. R. established by the la wof 1919...
...There Is a desire for reorganization of the party in this state, where at one time there was a strong farmer-labor movement...
...Do not fail this week to address your contributions to the Editor...
...BRONX owjaiist Party, Bronx County Com-EThas arranged a Theatre Party in Spmvincetown Theatre for Saturday ZLint, May 6th...
...Their new officers are: Organizer...
...at the Branch Headquarters, 695 Rockaway avenue...
...A joint meeting of the branches In the 16th A.D...
...ttonj eflort is being made to make this saeunt s very successful one and to obkto additional members for this young tsf growing branch...
...new and old, will delivej talks on the past, present and future ol the organization...
...There la eouYT it*- new matter, Including the NaS^i platform The pamphlet contain* cjaiges of reading matter and Is protjta'Bhistrated with cartoons, photoiZSa god woodcuts...
...The force Is ready and our duty Is clear...
...Thus at the Municipal elections of 1925, the Communists in the majority of the large divisions of the Parisian suburbs, and In numerous provincial towns, gave their vote in the second ballot for iha Socialists...
...The Branch will meet every ¦MM Monday in one of the apartments • Amalgamated House...
...there is every indicate that a live and functioning branch 0piB be established in this part of the city...
...We hope to have organizers in the South covering the states of Florida, Georgia and Mississippi...
...Tbe Federal System regulates the banks in order that they might not become afflicted with government ownership...
...Moreover a curious phenomenon seems to be occurring...
...Country squires handing c*n> operator justice...
...The postal savings system has become an integral part of our financial structure...
...May loth H-T- °* Dr- sltnon Berlin, 24S 74th street...
...If we add to this the confusion caused in all'the forces of the left by the deplorable -spectacle of MM...
...Local Buffalo reports that It is ways and means to entertain the sies»bers of the National Executive Cxsnajj*- „, tee when that committee meets in Bo** fak...
...women herded like cattle into filthy county jails so crowded that they must sleep in shifts...
...New York State The State Executive Committee V* . meet at State eadquarters, Albany, Sunday morning...
...The arguments of the head of the Federal Reserve System were accepted as gospel truth, although it was he who had tbe legislation introduced in response to the complalats of the bankers...
...Joint meeting starts campaign for increased enrollment and membership...
...It did not seem to make spy difference to the Congressmen that every word of this report had been written by R. A. Young, governor of tbe Federal Reserve Board, a public body, which had taken it upon Itself to protect the bankers...
...In the last Congress the trick was almost accomplished but tbe banks had to content themselves only with the McFadden Branch T*ynlrt"g Law, which .made it possible for the banks operating under the national laws to spread over the face of the United States, driving fear into the hearts.of the bankers in smaller nrerrmirn tries, Bat this Congress did Its duty—the other amendments, too, had been passed in Presidential election years, Just before the political campaign got under way...
...The "modern period" will be exemplified by means of the new cooperatively purchased portable victrola, and dancing, after the Educational Program...
...THE BANKS BURY THE ANTI-TRUST LAW CongreszQuietly Wipes Out-Clayton Act Provisions Against The Interlocking Directorates By Louis Stanley rriHE bonks nave just won a quiet but effective victory in obtaining almost a free band in the formation of interlocking directorates...
...It is only last week that our column was started and with an appeal for contributions from members...
...will be the subject of Rev...
...KINGS 2nd A. D. Branch On Friday evening, May 4th...
...On May 20, 1920 another amendment was made to Section 8, including private bankers in the exemptions under the Kern Amendment...
...Irving Cohen...
...In Chicago the associates of the inner group were the First National Bank and the Illinois & .Savings Bank...
...We hope to keep him or some other organizer in the state for some time...
...The Clayton and the Sherman Anti-trust laws were both based upon middle class concepts...
...Stato Secretory Merrill reports B£ c upstate members of the Socialist P«V -. are immensely pleased with the toe¦" twmlnated by-the National OmventiosV" letters received at the State Office an r New York City handsome propaganda booklet aakfi**d *y lj0cal New York City Ja 'Ear for tale...
...It was voted to accept the offer of the New Leader to establish a column for the Young People's Department and the present column is the result...
...National Executive Secretary, 2653 Washington Boulevard, Chicago, Illinois...
...Preparations to extend relief work to 100,000 destitute families of striking miners are being made by the Emergency Committee tor Miners' Relief, Presbyterian Building, 168 Fifth avenue...
...It enables the intensive cultivation of a constituency, the personal action of a candidate, especially in the case of a well-known militant popular with the working-class, to proceed with a maximum of efficiency...
...This second ballot will take place m 29th April...
...We must send a man into Colorado and Nebraska...
...First, the committee felt that a great deal depended upon the action of the National Convention of the Socialist Party...
...He asks cooperation from the National Organization...
...Whether this results in victory for the worst reactionaries, or Indeed for the semi-fascists who are enemies of ah working-class freedom: whether with regard to Russia herself the consequences should be a rupture of diplomatic relations, a new "barbed wire policy" subsiding further Wrangels and further Denlkins—it seems that all that matters little to the chiefs of the Kremlin...
...on Friday ewtokg...
...Every member will receive a written communication frcm ^the City Office, urging them to subscribe at once to the New Leader and to make this space a real force toward the growth of our organization...
...Big Businessmen win only agree to those laws that- hamper the little ferknr or establish rules of "fair" fighting that they axe willing to enforce against each other...
...A Wst number of the Socialist Party memtoft residing in the apartments and who av da members of other branches in ¦ferent parts of the city are transferffg jpa' will soon become active memjn m this branch...
...After ttrtnztness meeting Henry Frjchter will be Use speaker...
...A special report and interpretation of the relations of the Senior and Junior Y. P. 8. L. was drafted...
...The Money Trust was revealed in all It insldlousness...
...t- ' ComnaM DMarten Active These difficulties hajve naturally been fully exploited by the Communist demagogues, who like machines well wound up, go about everywhere reciting the same tale, denouncing at meeting after meeting, every evening., the parliamentary votes given by our members, who in preventing manoeuvres by reaction and plutocracy, were frequently led in 1924-1925 to vote against resolutions Ingeniously moved by these Communists and eagerly welcomed by the whole camp of reaction...
...At 8:11 p. m...
...Committee organised to direct able and energetic workers...
...Israel Rotkin...
...That this was largely a theoretic contention, was not pointed out...
...Kansas Ross Magill Is at bis old tricks again —that is, getting new members...
...These are highlights in the "unparalleled reign of terrorism'' sweeping through western Pennsylvania and eastern Ohio mine fields...
...A audcal program plus plenty to eat mi drink was enjoyed by all...
...WOm tab Jut t win be "The KeMaian of a MaW Man...
...strikers, erased by tear gas bombs, reeling from the picket Upas...
...Louis P. Goldberg will report on his impressions of the National Convention of the Socialist Party on Friday evening, May 4th...
...at the second ballot, in conformity with the constant doctrines of our leaders from Marx to Jaaurse, to vote against reaction for the candidate most fitted to defeat it whether he be radical or Communist...
...Comrade Magill is working Kansas...
...The great capitalists and the bankers particularly will always have their way, because they own the government...
...Secretary Higgins also writes that the work is being pushed forward all along the line, with new members coming in and new locals being organized...
...What is good for the so-called "public interest" la aO matter of ODinJon...
...In any case our Party has courageously faced its task...
...A cam-, paign to secure even greater liberty was Inaugurated...
...To the Y. P. S. L. in Other Ctties The New York Office has a one ree: film portraying the New Yorkers on a hike indulging in all sorts of activities There are also some scenes relating tc other phases of our organization...
...On May 15, 1916 the so-called Kern Amendment Was enacted into law...
...The chief means of control exercised by this Money Trust were interlocking directorates...
...Emll Herman is on the Job...
...18th A.D...
...until, ¦ 5th A-O...
...This is,—as cannot be too often pointed out—a new feature...
...Finally, when the Attorney General handed down an opinion declaring that joint-stock land banks came under the terms of Section 8 of the Clayton Act, the Federal Reserve Board and the banks cried out that this was a gross injustice, since it placed a further check upon interlocking directorates involving banks that were members of the Federal Reserve System...
...The Socialists of Florida expect the National Office to send someone there to take part in the convention, select a ticket and reorganize the forces...
...S. Levitas, AuSjjtaii—* Chairman, Barnet Scbub...
...Admission tee of 50 cents will be charged...
...Present were Max Wagvrer of Milwaukee, George Field of New York, Savel Syrjala of Boston and Aarne J. Parker, National Director...
...in 538 constituencies out of a total of some 600 bur men have entered the campaign...
...One of the Ran<i...
...18th ApriL ^/TTHIN a short time the French people will utter Its political Wrilct...
...Lecture -Note Sunday, May...
...uestions and discussion from the floor will follow both lectures, and a musical program by Genevieve and Zeima Kaufman has been arranged...
...Connecticut The State Executive Committee met in New Haven, Sunday, April 29...
...At least, however, save for a few rare exceptions, the traditional tactics of "republican discipline" were observed...
...All halls closed to strikers...
...The automobile arrangements are In charge of Organizer John A. Auleabach...
...The membership is selecting nominees for the state ticket...
...28th, Denver, Colo...
...On Sunday afternoon...
...Fortunately, tbe voters were in a complacent move and thus the necessary relief could be put over swiftly, silently and painlessly...
...in other words, a big Organization Fund...
...representative selections wit be played by Comrade Wolinsky...
...The upshot of the matter was that Congressmen became convinced that their leading contributors were suffering a grave harm...
...Two questions of vital importance to the noble freemen of the republic will face them at the eleetieo in November...
...They must have been strange banks, indeed, that could begin to compete with each other as a result of obtaining the same directors—a kind of game of solitaire...
...In the eight divisions of my constituency which .extends on the southern outskirts of Paris from the industrial city of Montrouge to" the Innumerable allotments of Antony, or to the wooded, areas of Robinson (a spot frequented for dancing in summertime by students and employees) or up to Chatanay, Voltaire's birthplace,, our eight branches of the Party, working in close contact are exerting a strong and penetrating propagandist Influence which was certainly not within our reach In 1924...
...Morris DvortaoS, Financial Secretary as...
...There has been more interest created among the members due to the favorable report* given at the Sunday night meetings...
...Texas State Secretary Taylor writes the National Office that the membership is increasing, and he cans upon the National Office to help in building up the party...
...Clalrsville, O., told by national guard officers they could visit their men in Belmont County Jail, filed in...
...It removed the absolute prohibition upon interlocking directorates contained in tbe 1914 law by permitting interlocking directorates among as many as three banks or trust companies that were "not in substantial competition" with each other...
...Harry P. Ward...
...State organizer Jursek reported that Harry La idler and himself expected to organize a Socialist Club or Local at Wesley an University, Middletown...
...Aattber meeting of this branch will be jpi at the Freeman Mansion...
...The Package Party and Dance Sunday evening, April 29th was a success from almost every standpoint, except that the expense the branch went to, to afford amusement and entertainment to its guests did not permit of much money being made from this affair...
...Western Pennsylvania is reen acting scenes familiar to the Russia of tbs Czars, according to other reliable eyewitness accounts brought to New York by relief workers and union organisers...
...We hope the-Natlonal Organization wfli He l^ljf awrfst him in the new tottere...
...In order to block the way against reaction...
...Let us not, however, bemoan our fate...
...There -will be a discussion Of current events, led by m Mr...
...29th, Salt Lake City, Utah: 30th, Ogden, and possibly Reno, Nevada, on the first of July...
...The judge of the state of competitive conditions was to be the Federal Reserve Board, the centralizing agency in the Federal Reserve Banking System...
...Men carted off to Jail In trucks...
...Consequently, we could not expect to receive anything at this writing...
...The concentration of financial control can only be paired by nationalization of the hanks...
...His article will help our readers to understand the undercurrents that produced the final French election' result...
...Many prominent Yipsels...
...Comrade Fairing ton pitches his camp in Maine...
...The Circle meets Friday, 7:45 in the evening at the Brownsville Labor Lyceum...
...hanks control our industry and oar sericulture...
...Plans were made for holding the State Convention, June 23 and 24...
...44 women relatives of strikers around St...
...The Comrades are requested to get up early Sunday morning and meet at South Ferry near the Stater Island Ferry at 9:30, when a committee will greet you...
...Jji--.-- ,t, Massachusetts Boston A mass meeting on Unemployment will be held at Faneuil Hall, Sunday...
...The Convention will be held at Arbiter-Manner Choir Park...
...Comrade William Karlln will be the principal speaker...
...The ¦Malm of the evening Were I. George Dgorrage in English: VaHatzer and Ravttt hi Russian and Kan tori vich in YidSThose present greeted entbusiastlthe speakers of the evening...
...The Senate assented tbe report of the legislation submitted by its Committee on Banking and Currency, which in turn had been presented by the corresponding committee of the House...
...Section « of the latter stated that 1 No person shall at the same time ¦¦¦•be a director or other officer or employee of more than one bank, banking association or trust company, organized or operating under the laws of the United States, either of which has deposits, capital, surplus, and undivided profits aggregating more than $5,000,000...
...Tickets can be obtained from W. E. Davis, 48 Belmont street, Hamden, at 81.00 each...
...in a large number of constituencies, however, this 22nd of April will not be decisive...
...After the meeting the Circle went out in full force to distribute the May Day circulars...
...The task before the committee was the straightening out of conditions, in the National Office...
...Everybody will have to chip in if next year will spell progress for the New York Y. P. S. L. , Chicago M. V. HaJushka reports that the Chicago Yipsels held a very successful meeting last Sunday...
...ex-officio...
...The work of the • ID, Branch will not be confined • *V amalgamated Apartments but to gejamwinding neighborhoods in the ajjbejn part of the 8th A. D. This secB» to Bronx is rapidly growing a ¦saewtol district and there is every tow ?o believe that good work can be ^toajutahed and a powerful Socialist nnj Branch established in this part etty...
...Circle Two Juniors Cirle Two, which recently has been reorganized, announces that an entirely new spirit pervades the present membership, one of true comradeship and intelligent cooperation...
...will be held this Sunday morning...
...Thanks to the good work by the women asassta at the Russian Branch, our JriztMay Day Festival was a success...
...arranging home gatherings and In laying plans for a vigorous, two-fisted fight on the indifference of the Williamsburg Voter...
...Harlem yf~gtf attended May Day Meeting was i-u ander the auspices of the Harlem KldSe* of the Socialist Party in the sadtast Educational Center, 62 East SS "street...
...O No bank, banking association or trust **• company, organized or operating under the laws of the United States, in any city or incorporated town or village of more than 200,000 inhabitants shall have as a director or other officer or employee any private banker or any director or other officer or employee of any other bank, banking association or trust company located In the same place...
...His address is care of Wm...
...upon its proceedings, action •promise for the campaign of 1928...
...The general spirit was that of optimism locally and pessimism nationalally...
...practically completes tbe nullification of the antifnterlocking directorate provisions of the Clayton Anti-trust Law...
...Tuesday...
...On the 25th and 26th he will probably speak at points in Kansas, places to be selected In the immediate future...
...His word was taken when he claimed the proposed law "would be of great benefit to the banking situation of the country" ¦whatever that means...
...Speakers were Ethelred -m Paul Dembltzer...
...Louis, on Jue 24...
...Wyoming Young Nicodemus, of Cheyenne, one of the real live and capable Socialists of the west, has returned home from the National Convention and gives full promise that he will give bis very best efforts to the building of the state movement, separate from the Rocky Mountain District...
...May 13...
...His Lift and Work...
...By announcing the formal regulations on April 16, 1928, the Federal Reserve Board put into practice the Interlocking Directorate Law that was slipped through Congress last month...
...The Young People's Department National Executive Committee The Y. P. S, L. National Executive Committee was in session March 3rd and 4th...
...on the other hand in this or that provincial departement where in consequence of the breakdown of the oM Cartel formations tr of fcfee ignorance of wtoch of- tho electorates inadequately guided by oar too weak oaganhtations, a ad fences allow themselves to listen to the sophistries of the Moscow agents...
...Everyone can mall at least 100 to voters...
...Funds Urgently Needed Every Socialist and friend can readily understand that this big work will need the support and cooperation of every comrade...
...But herein it seems likely that the "Justice of tilings" will work strictly against the agents of this suicidal policy...
...Kentucky Comrades Thobe in the eastern section and Wrather in the western section are on the Job for the battle that will mean everyone doing what he can...
...sharp at the Boro Park Labor Lyceum, 42nd St...
...Letters of Invitation have been sent to the membership of the 9- 16th A. D. Branch, Bensonhurst Jewish Branch and the Coney Island Branch...
...One of the delegates t national Convention will be presu report on the proceedings and aohL «( the Convention...
...West Virginia State Secretary Higgins sends a letter from J. H. Snyder of Fairmount, in which he informs the state secretary that they will organize a new local with about fifty members...
...A subcommittee of the House Committee on Banking and Currency, beaded by Representative Arsene P. Pujo, of Louisiana and containing but one eastern members, were directed by resolutions of the House of Representatives to inquire intto reports relative to the concentration of control of money and credit in the United States...
...But this year we witness a complete right-about face...
...If legislation is placed upon the statute books upon the demand of the more numerous small businessmen, professionals and misguided workers, skilful lawyers will guide Big Business around and over the impediments...
...Kidder, Peabody...
...A4 everyone knows ih«r listrict ballot (serutln d'arrondissemant) re-established for,these elections, involves i second ballot, whenever no candidate has obtained an absolute majority of rotes...
...Brutality Runs Riot In Penn...
...Pennsylvania Norman Thomas in Lancaster Norman Thomas, Socialist candidate for President, will lecture to the student body of Franklin and Marshall College at Lancaster on Thursday, May 10...
...No hearings were held on the bill...
...New Leader, 7 East 15th Street, New York...
...and 14th Ave...
...These comrades have Just acquired a building at 252 Warburton avenue which will be run as a workers cooperative center...
...Information regarding speakers, literature, platforms, etc, may be obtained from the National Office...
...New York, you maj borow this film...
...This notwithstanding, it may be said that our Socialist Party is everywhere equal to its task, especially in our Parisian localities, where in 1924 the Bolshevist poison had done such formidable mischief...
...Kay 11th...
...Leon Rosser Land's address at the I o'clock Fellowship service, 1301 Boston Road, near 169 th street, Sunday evening...
...Social Director, Moe Shutter...
...Jacob Axelrad delivered an interesting talk on The Economic and Ethical Bases of Socialism on Friday evening, April 27th...
...The WashCpB Heights Branch has not been Stag for some time and at this meetuary^oiT^nimt.inn will be affected, new 4wWwlU be elected and a welcome exSasl to a score of new members who brie recently made application for memhm&ip in the Socialist Party...
...Helen Oilman, member of Local New Haven, who has been in Europe for the winter has returned...
...This is in addition to the 100.0*4 families already served...
...Questions raised by the new...
...Socialist Party Plans and Progress Through The States ¦ ¦¦ _¦________ _ National Readers in unorganised communities desiring information on how to organise local divisions of the Socialist Party may obtain Instructions, leaflets, charter applications, membership cards, application cards and all other necessary information by addressing William B. Henry...
...It * a simple recognition that unchecked hunger and.disease may Involve tbs wboto community in plague...
...Needless to say, the banks have retained their control, albeit as our Wall Street Splder-Web Chart in the New Leader of March 31 showed The bankers, aided by the Federal Reserve Board, bided their time and when Public attention was directed to European conflict, they made their first raid upon Section 8 of the Clayton Act...
...our Bolshevists are announcing everywhere that they will maintain their position with cynical brutality at the second ballot, whatever the consequences may be...
...The Federal Reserve Board became their champion...
...Thanks g, Comrade Delson...
...Mrs...
...Educational Committee: Reba J. Pushkoff, Ida Yavner...
...Young People's Department...
...Kuhn, Loeb...
...You can get as many as you can use up to 2000 by writing to the State Office, 21 Essex street...
...Comrades Esther Friedman and <sf Procter will address the meeting...
...8th A.D...
...Section 8 of the Clayton Act was forced upon the Pujo Committee in 1912 and 1913...
...Arizona New life is manifested in) Arizona...
...This is in progress at the present time...
...Parades broken up and American flags trampled under horesf heels...
...Doubtless it is a tactic imagined by some learned doctrinaires in the Kremlin, the results of which may be catastrophic, especially for the French Communist party lt6elf...
...Ward, directing that Civil Liberties Investigators be sent to the Pittsburgh war area, declared that the Union would "back suits against the police for assault and false arrest, if found feasible...
...At the 9 o'clock open forum...
...N. Y. Central Committee Meets ' The first meeting of the newly elected I Central Committee of the New York League met last Saturday evening...
...Bj writing to the City Office, Rand School 7 East 15th street...
...they were locked in the women's section where they 'have been held without charges and unable to furnish ball...
...Organization Commute: Harry Diamond...
...The election tows of ties state are very stringent for a third parte to set On the hoJlnt Hnt « miut trr...
...Utah O. A. Kennedy, State Secretary, writes that his state movement is going forward and that a full state ticket will be In the field...
...AH members are urgently requested tc attend the Mass Meeting at the Lyceum Sunday evening...
...It was found that the control of money .and credit was In the hands an Inner group consisting of J. P. Morgan & Co., George F. Baker, James SUllman, First National, National City, National Bank 61 Commerce, Chase National, Guaranty Trust and Bankers Trust...
...What a far-cry this is from tne original provision of the Clayton Anti-trust Law which placed an absolute prohibition upon interlocking directorates involving any number banks...
...It'is in accordance with the tradition that the French workers have followed without interruption for the past half century...
...Feigenbaum and Karl Jursek...
...I don't think the Socialist Party could have made much better selections than they have in these two men.—J...
...May Day meetings were held in Waterbury and New Haven, addressed by Wm...
...The first move to increase the membership of—the Williamsburg Branches was made at 187 Tompkins avenue, last Tuesday...
...D. Mitchell...
...Thursday, May 10th,' The Dramas of Eugene O'Neill" win be the subject of an address by John Hayes Holmes...
...It win not be surprising to see more of the present restrictions lifted in the near future...
...Branch Seven the next regular meeting of this branch vID be beld on Tuesday evening...
...They then marched to the Package Party held at the Headquarters...
...Without question this return to the listrict ballot means a political retrorression...
...For Sunday's session, Emmanuel Switkes, alternate New York member, was seated with full rights...
...Florida New members are signing up in Florida...
...We need a man in the extreme northwest...
...Norman Thomas, Socialist tsnitidis for President of the United States, and a member of the Relief Committee said: "Helping these people to not a question , of taking sides in then- struggle...
...Consideration OJ • the State Convention will be taken te> . in more detail, and committees on Raws...
...Roads into camps patrolled so that union speakers cannot get to meetings...
...The committee drew up elaborate charters illustrating this point...
...1059 N. Carolina avenue...
...Although, most wisely, French Socialism declined to participate hi power which in the circumstances might have had disastrous consequences for* ourselves, some sections of public offtmOn hold us responsible for the hesitations, the'"weak-' hesses, the breakdowrV :'of the actioif Of the Cartel, the responsibility for an of which must to reality fall only on the radical leaders...
...Iowa Comrade McCrillis, State Secretary, notifies the National Office that the convention put new life in some of the Iowa Socialists and that he expects to organize the forces In Des Moines right away and get some activity started in...
...In a few very rare oases—if indeed there are any such,—they may gain some seats: wherever that happens they will owe them osUy, on the second ballot, to the transfer of votes by the Socialist*, who, themselves in a minority, will vote for them...
...A recent medical survey made by the Committee revealed that many of the .strike camps ase without doctors.- State and county medical departments have found themselves unahtt to cope with the unusual conditions in the coal Industry...
...several counties of the state...
...rather than that we shall vote for the Socialists...
...William Pldkens, Seld secretary of the National Association for the Advancement o fthe Colored People, will speak on "Poetry and Music in the Life of the Negro...
...School Faculty will lead It...
...Pity the banks...
...Wendell F. Farrington has started in as organizer to put Maine on the Socialist map...
...New York City...
...So overwhelming was the evidence that when the amendment of the Sherman Anti-trust Law came up for discussion, the Democratic Administration, laboring under the illusion of Woodrow Wilson's "New Freedom", inconvenienced the trusts, financial and industrial alike, by Inserting Section 8 into the Clayton Act...
...May 5th at the W. C. Center, 7316-20th avenue...
...May 6th, at 3 p.m...
...Only the Communist party has made a greater effort, but one made easy far It by the financial subsidies received from the Comintern, which amount to 25 million francs in fotrr year* if I am to believe the declarations just made by the former Communist leader Boris Souvarine in the manifesto of the French Trotskylsts In the present campaign our Party has to struggle particularly against the profound disillusionment caused by the bankruptcy of the Cartel of 1924...
...The Board may grant a permit, "If in Its Judgment it Is not incompatible with the public interest to do so...
...Secretary, Sol Perlmutter...
...All these flaws n the law of 1919, and moreover the possibility of finding in the senate a maorfty for a real system of P. R. have compelled us, rather than accept the existing law, to go back to the ballot of "stagnant pools" as It was one day contemptuously called by M. Aristlde Briand before he again became one of its keenest advocates...
...Interlocking directorates are but a means to that end...
...McAfee, Social Pufrfct Director of the Church...
...oomnftlyn, our action this year with that of 1924, I can note a considerable advance ..in thla respect...
...There is a growing enthusiasm on the part of our members in Kansas...
...When Herman gets through with the work in Minnesota, there is lots of work in the Dakotas...
...Five women are nursing their babies in Jail...
...To check the horrible conditions reported by the Senate Investigation In the coal country, to mew self defense on the part of the people of the country...
...The 18th is cooperating with other branches in the Brownsville district in a monster May Day Celebration at the Brownsville Labor Lyceum...
...1243 mshttn Blvd., 8:30 p.m...
...Platform...
...SMh of, these comrades were delegates to the National Convention and they tpeti...
...In such places it is possible and even very likely that the Communists will increase their poll...
...Apartment 2B, on Tuesday wait, Kay 10th at 8.30 p.m...
...It Is planned to enlist as many automobiles as are available among members...
...May Wb at Uk headquarters, 42l5-3rd ave**' Branch Seven East i 4 wiS attended meeting of this branch .aki add an Thursday, April 26th...
...The old Socialists are desirous of reorganizing the Socialist Party again...
...A banquet will be held at a local restaurant after the mass meeting...
...It is one of the Q jMndsome publications gotten out SdK Party...
...Civil Liberties chairman, as immediately wired Governor Fisher of Pennsylvania urging him to stop the "lawless activities of the state police...
...A These provisions shall not apply when the entire capital stock of one bank or trust company is owned by the other...
...All you have to do is to address them...
...Plane were made to set the machinery in motion before the summer months set in However, thanks to the hospitality df the New Leader, we will have this meant of giving written expression to* the aims and activities of the Young People's Socialist League...
...The greater part of the evenidg was spent in the election of working sub-committees as follows: Executive Committee: Jack Altman, Eli Cohen, elen Glantz, Reba Pushkoff, Ben Senitzer, Abe Wisotsky...
...Ida Yavner, and Julius Umansky, Executive Secretary...
...Then, a pretty story was invented about banks which had obtained common directors when they were not in competition and which subsequently had become competitors and therefore, could no longer continue their interlocking directorates...
...On the other hand the Communist party, for the first time in its existence in France, has resolved to raise to the level of a permanent axiom the wonderful tactics which, at the last presidential elections in Germany enabled it to secure the election of Marshal Hlndenburg...
...The postage cost nothing...
...O No private banker or person who is a director in any bank or trust company, organized and operating under the laws of a State, having deposits, capital, surplus, and undivided profits aggregating $5,000,000, shall be eligible to be a director in any bank or banking association organized or operating under the laws of the United States...
...as well • successive Friday evenings, an effort ¦ being made by this branch to invite JMetters of Invitation enrolled voters J** ta the neighborhood, to attend ¦*Wngt of this branch in its clubhouse, W Hinsdale street...
...this is the system giving advantages to an absolute majority (namely all seats to the list with me over half the total votes), and similarly to a relative majority (namely an unfair share to the list coming in at -he top) with the disgraceful possibilities >t applying the most ignominious manoeuvres against any candidate selected i'or elimination In this way, even when lis party had given him the first or ;econd place on the list (this was the lot if the writer in 1924...
...This Friday evening, Jgfof the delegates to the National gpventton from Kings County, will be {tout to report on the work of the invention and the prospects in the topsign of 1928...
...Once in...
...The fact is that our Party bad no choice...
...Despite the downpour of rain, the meeting was fairly well attended...
...There was a time when coinage was a private enterprise, yet such a state of affairs is Inconceivable today even by the moat ardent advocate of private property...
...Conversely in 1928, at the bye-election in the second division of Paris, at the second ballot, not only the Socialists, but even the "radical bourgeois" transferred their votes to the Communist candidates Duclos and Fournier agains tthe Fascists De Keyrellis and Paul Raymond...
...Brief articles, news items—anything of youth Interest, will be welcome...
...There are a number of live Socialists In Arizona...
...The other is, Is Tammany - really capable of cleaning a sewer...
...Minnesota We are getting new contact with Socialists in Minnesota...
...When defiance of court Injunctions through mast picketing brought mass arrests, Jails filled to overflowing...
...They should write the National Office of work they will be able to do for reorganizing the party...
...Get busy...
...On the 27th he is listed for Colorado Springs...
...The plans for this week-end call for a Hike to Silver Lake In Staten Island...
...Branch jTbto branch which meets in the Amtasaneted Cooperative Apartments is now ¦tU established and making headway...
...May 6th at 11 am...
...16th A.D...
...The Communists, like the reactionaries, frequently blame the Socialists for having helped in this retrogression...
...The only condition attached is that you return the film in good order, x Circle Two Seniors The groups spoken of Mn last week's New Leader are progressing...
...All Smx socialists and sympathizers are Sod to assist in making this Theatre jSl * nccess...
...Hampered by the refusal of the banks to supply pertinent Information and the sabotage of President Taft in failing to direct tbe Comptroller of the'Currency to assist the Investigators, the Pujo Committee, nevertheless, unearthed enough material to make the country sit up...
...Kirkpatrick to Make Trip George R. Kirkpatrick is preparing to make a trip to the Pacific Coast, beginning with a meeting at St...
...There are hundreds, there are thousands of Communist workingmen who are declaring "in the first ballot we shall vote for the Communists, but at the second, if they try to make us play the game of a reaction, then to hell with the Communist leaders...
...Socialists Planned Coopoeration Indeed the Socialist Party at its last Extraordinary National Congress in Paris denned in a very lucid fair and definite manner its attitude as to the second ballot...
...Paris...
...With so much of a gain accomplished it was but an easy step to clear the ground for the private bankers, like J. P. Morgan St Co...
...J. Randall, Freeport, Maine...
...There will be a business meeting or Ml traoch on Friday, May 4th, at 1187 Batpo Raad (near Home street...
...Auditing Committee: Alice C. Altman, Ell Cohen...
...The book ""'ilm the "B-flpsI articles that were published ^\ Baited edition of the National Cun— Souvenir Journal...
...There were quite a number of good workers m Uiis state some years ago and we an hearing from them again...
...Don't arrest the----, eh* them," is the slogan under which state cossacks arc operating now...
...J. Morgan, Louis A. Krahl and M. F. Plunk ett from the committee...
...fth, it 11 a a, Dr...
...The Money Trust is stronger than ever but we have no Pujo Committee report to galvanize us into action...
...Socialists of Bensonhurst and surrounding territory have been invited to participate and spend an enjoyable evening...
...This, ran the argument, was an inducement tor an institution to leave the Federal Reserve System and organize under the laws of a State...
...jp?-: ttai and 23rd A.D...
...In the Parisian area where hitherto it was strongest, Bolshevism is visibly losinr ground...
...This attitude is, in the first ballot to stand for traditional socialism on the basis of the class-struggle...
...As soon as funds permit, we will move a host of others into sections that need our organizing force...
Vol. 7 • May 1928 • No. 20
