THE CITY TRUST AND THE TRUSTY POLITICIAN
The City Trust And The Trusty Politician! CDI men have been caught In the ^clutches of the law in New York as a result of the hearings before Moreland Commissioner Robert Moses into the...
...Adopt your legislative program, nominate your independent labor candidates for the legislature and elect them...
...What a fine demonstration of the fighting spirit of Labor which carried the fight from the gates of the rayon plants to the doors of the city government itself...
...Roosevelt'9 party was housed in the General Motors Building last year and with the Republican Party it shared about equally in large contributions made by the new feudal rulers...
...Labor has a majority, three members in a council of five...
...hi **• he had objected to the sals ef Ferruft building to his own bank at ****** wehn the assessed valuation was SUM* In 1937 be countenanced the sals...
...Bernard Fllashnick...
...He is st present receiving a salary from the city of $7,000 as a member of the Board of Assessors...
...Members of the National Executive Committee, which Includes Victor L. Bergsr, former Socialist Congressman: Alfred Baker Lewis, of Massachusetts...
...It was made out by Judge Francis X. Mancuso, chairman of the Board of Directors, and signed by Hubbard...
...It has the soul of a usurer, the intelligence of a bat, and the stupidity of the French Bourbons...
...Business and Government X\* A CURIOUS speech to Tammany braves Governor Roosevelt recognized some ijnportant facts and indulged in some poor thinking...
...Organized workers in Europe are on record against this policy...
...And how...
...Norman Thomas, national drive chairman...
...When Drake, a young *jPfm Just out ef Brookwood Labor CefisjaJ* rearrested and given sa sddltfcwavsw^ days by the Chamber of Oes*$*j owned Judge, Anna Kowanek Us a...
...He was a keen critic, a lovable man, modest tn his rassstofss with others, eesl crtghssl te ah his work an error...
...Those street car strikers at New Orleans probably never bead of the class struggle but they do not mind participating in It...
...The latter explained thst he had asked Mancuso for some money, who in turn had arranged that Ferrari lend it to Hubbard...
...available to ths various party subdivisions and institutions the funds they require for immediate work, with an assurance that any obligations they may incur in, carrying out their plans can be met as the funds are forth'coming on the pledges, without preventing any member from joining in the nation-wide effort to build the party and its institutions for immediate work...
...We got rid of one class living on workless incomes when we abolished slavery and it is time we gave attention to the other groups who get their riches in the same way...
...James H. Manser, Socialist City Councilman of Reeding, Pa...
...he srteshl a place on an advisory board of the 4lantic Avenue Branch at a salary-d $6,000...
...IN A NUTSHELL Governor Roosevelt wants to separate government from business...
...He paint, ed a picture of the "economic feudalism" rising in this country through vast industrial mergers which are rapidly coming into control of all American life...
...There was no camouflage...
...Meetings to Be Held There are, in addition, approximately 500,000 names and addresses available of men and women who are not party members, but who have contributed in the past to Socialist| campaigns, or who belong to organi-1 rations considered more or less in sympathy with ths Socialist Party and its purposes...
...It was a contest for power by the workers against all the forces of the exploiting classes, The two labor candidates swept the field and the club that had been used against the workera fell from the hands of the enemy...
...Frederics Ferrari, vice-president and cashier of the City Trust: Anthony Di Paola, cashier and treasurer of the City Trust...
...Though "Eddie" was a young lawyer whose experience had...
...Each should be in the hands of one powerful organization and the rest of us should be content to be exploited by each group...
...Tims he straw np bis views of dab #ne*atw indtetry...
...While concentrating mainly on the j one-day wage fund, since It will con-1 stitute, in the opinion of those in charge of the drive, a democratic j method of enabling every member of j the party to give according to his or her ability, other methods to insure the attainment of the $50,000 objective are being devised...
...Governor Roosevelt, observing this economic revolution, suggests that we may have to put on our "liberty caps" to fight it...
...Morris Hill quit, who is now in Europe but who is expected to return to the United States in time to take part in the drive...
...1935...
...With one member of the council favorable to the workers the latter made independent nominations for the two additional members to be elected mat week...
...Among the other works ef Carpenter bsstdss the two mentioned above were "England's Ideal," "Chants of Labor," and "Lovek Comtag of Age...
...Private or Public Power...
...CDI men have been caught In the ^clutches of the law in New York as a result of the hearings before Moreland Commissioner Robert Moses into the affairs of the City Trust Company, which went into bankruptcy on February 11, ten days after the death of Its president, Francesco M. Ferrari the financial juggler . They are Prank H. Warder, former Superintendent of Banks, on charges of accepting gratuities, owning stock in the City Trust, and fsfltag te examine the bank for more than a year...
...JUST as significant as the outbreak of the strike of the rayon workers at Elizabethton is the outcome of the political action taken by the strikers in the recent local election...
...Ford added that the profits made by the masters of super-povrer arc lawnuvwlant...
...Tammany Leaders H. Warren Hubbard...
...The upper group of our ruling capitalist class is already fat with its gains but its appetite is never sated...
...To avoid the loss of any funds due to-the inability ef any members to immediately pay the amount of their one-day wage or income, arrangements have been made to receive these contributlsone in the form of pledges, a partial payment to be made at the tune the pledge is given, and the balance to be paid in such installments within the next four months as will meet the financial capabilities of the party members making the pledge...
...The strikers are else ludlgnesi fig hessey sentences green for pases** eting...
...As shown on another page of this issue this modern spirit of organized workers, already emerged in Minnesota, Granite City, Milwaukee and Reading, is emerging at Niagara Falls, New Bedford, Kenosha and possibly large cities like Buffalo and Los Angeles...
...He was also a frequent contributor to various periodicals...
...Ferrari had made the dat out to Mancuso...
...You will stir the whole mass of labor to action by your glorious conquests and write a new page in labor history...
...In the next two weeks we hope that the tickets taken and disposed of at the gates will make the picnic in Ulmer Park one long to be remembered in labor annals...
...Moscow is sending a special agent here to direct the Communist Party but that gentleman will and that his only services win be that of a referee to determine which faction is knocked eat...
...John J. Glynn is the other member of the firm...
...On June 28 Governor Roosevelt issued a proclamation appointing an extraordinary special and trial term of the Supreme Court, to be held at the county courthouse in New York City on July 33, 1939, to Inquire into unlawful acts arising out at the management and affairs of the City Trust and State Banking Department...
...To wrest that club from the hands of the enemy and render it Bannless became a logical aim of the workers' struggle at Elizabethton...
...At the same time the International Chamber of Commerce meeting in Amsterdam has staged a general underground protest and only the ruling of the presiding officer that no official attacks on the United States will be permitted in the discussions prevents open expression of protests...
...LQlth Wilson, of Pennsylvania...
...This arrangement will have the effect of ™»v-ing...
...Quotas Set for State* A tentative quota each State must raise, if the goal of $50,000 is to be attained in the thirty days the drive is to continue, has been prepared and submitted to State Secretaries for any 'changes or recommendations that they may wish to make before the quotas are made public Quotas were determined on the basis of the amount each State contributed during the last national campaign, it being believed that such contributions represent the best indication of the relative strength and possibilities of the various States...
...Represents** 1 OuardJa, to e deposition he sent twfm the Army and Navy Hospital at ¦ Springs, Ark...
...It follows upon the amazingly large May Day demonstration at Madison Square Garden which far exceeded the expectations of the most hopeful of those who had charge of the celebration...
...His next work was "Civilisation: Its Cause and Cure," a keen criticism of ths shams and hypocrisies of capitalism...
...jgj The strikers are Charles Drake, >**] Espoatto, Anna Kowahck sad...
...Jasper Mac Levy, of Connecticut, sod James Oneal will co-operate to make the drive successful by ylsitlng meetings to be held in ths vicinity of their residences, and attending such dinners and picnics as Socialist party branehssmay arrange te farther the drive...
...JTbis week the State Department was compelled to admit that 38 nations have sent protests against the sneasure and these include Great Britain, France, Belgium, Italy, Austria, 'Spain, Switzerland, Denmark, Norway, Sweden, Holland and practically all the Latin-American nations...
...The widow of Francesco M Ferrari has testified that her late husband used to complain bitterly about the money demands upon htm by Warder and Glynn...
...Instead of adorning and beautifying, makes nature hideous by his presence...
...Mayor Daniel W. Hoan, of Milwaukee, national vice-chairman, and B. C. Vladeck, national treasurer, will devote themselves to the drive during the month of August...
...They may never see the industries from which they get their dividends...
...They had begged at the doors of the city council...
...I want to preach a new doctrine: a complete separation ,.of business and government.-' That economic feudalism is becoming a reality is certain and one of the curious facts of our time is the frequent assertion of the old ideals of American freedom despite the rise of this feudal oligarchy...
...The* Roosevelt address had a touch of humor in the fact that he spoke to Tammany chiefs who head a political organization that is tied up with real estate and corporation interests...
...In 1877 he visited the United States and met Walt Whitman who had a marked Influence on his later work...
...John J. Curtis, senior member, was appointed chairman of the State Racing Commission by Robert Moses, the present Moreland Commissioner, when the latter was Secretary of State...
...233 Broadway...
...Hubbard also adsfltfi thst the City Trust had granted i kit...
...A New York Times headline declares that the Republicans are at sea on the mayoralty race...
...MUNICIPAL BMMsfa* BUREAU OF THE SOCIALIST FsSK* Hosiery Pickets Choose Jail Tdi HACBXTTBTOWN, N. J. <WU.rm Pour striking hosiery workers sf ¦ aaekettatown Hosiery company -J** chosen to serve sixty-day terms MM county Jan hi Bdvldere in presses...
...If this makes a happy program it should he equally good for other industries...
...He also designated Supreme Court Justice Arthur 8. Tompkins, Republican, of Nyack, to hold the special term and cause a grand jury to be drawn...
...That Tammany had its finger tn the pte is, quite clear, however...
...Eddie" Lynn Aside from Siegettuch, who has been described as "an ardent Tammany supporter," no active Tammanytte has been made legally responsible for any of his actions in the City Trust affair...
...s** Mancuso had a stock trading eseeu* < the bank in his father's nam* M Honor's ten qualifying stock certfassl* were found in Prederico FerrstfiMW deposit box, the contents of whtSblM ertco claimed belonged to his srsbst Mancuso explained the rent of b* had expired and Ferrari kept'the assi for him as a favor...
...Henry Ford announces that be favors ana big power trust r so do we but ours takes the form of trust In the united political power of the working people...
...The city manager who had been a bootlicker of the old ruling gang fled before he could be fired...
...The New Leader takes this occasion to thank all those who are cooperating to make this big affair a success...
...Whether heirs are bright or dull they reap enormous incomes, workkas incomes...
...M Michael Laura, who is a right hag man to "Bees" McCooev of Bndttj£m Deputy Street Commissioner la cess* of Brooklyn at a salary of $7,000...
...Business will not be separated from government til...
...where he is eocnwkesM stated that he severed Ms axttveaaoj attorney of the Chy frost whan ggW that only Judge Mancuso bad «*igH experience to run the bank to a mskeW like way...
...Carpenter was born in 1844 and studied for the ministry in which he served for shout two years when he resigned end became a university extension lecturer for stout seven years...
...Warder.was appointed with the *»j-*+ng of the "organisation," farmer Superintendent of Banks McLaughlin has testified, and it is understood thst Wsrder was the choice of the then Governor, Alfred E. Smith...
...senior partner of the law firm of Slegel tuch, Butler is Kraft, jointly charged with Di Paola in participating in making an illegal loan of $375,000 to a "dummy" corporation...
...Whatever may be the explanation...
...The big kings who own the great industries perform no service that cannot be dispensed with...
...of $39,000 to his organisation, ths Vssjf set Club, which has been practicalk SS paid...
...Brooklyn, who had Intended to prosecute Tavormlna and Zlnitl in Brooklyn, found that he could not go ahead with his plans, for lack of the material which win be presented to the special grand Jury in New York county...
...The issue was clear...
...Elizabethton shows that even without long training in political and economic organization the organized workers are capable of very effective action in strikes and on the political field as well...
...He believes that it will eventually come and so do we...
...Like many other cities throughout the country the local government was a dub in the hands of capitalist interests organized in the chamber of commerce...
...This big affair will also be the occasion for opening the city campaign of the Socialist Party...
...He has also claimed thst It "was common knowledge that nobody could get anything from the Banking Department unless the Olynns did it, or Curtis & Glynn...
...Edward Glynn, nephew of "Al" Smith, was in the Banking Department until July 1, 1935...
...who arrested them...
...Eddie" and Thomas, his brothers, and Alfred E. Smith...
...Louis Tsvonnlna and George Zlnitl, officials of the Atlantic Avenue Branch, all on charges of forgery, and Isidore Slegeltuch...
...With declaration favoring "a complete separation of business and government...
...They will occupy dollar-a-year chairs while the workers are bled white in war...
...He is complaining all over the country just as wage workers are complaining of being ousted from industry by new machines...
...Tammany leader of the Eighteenth Assembly District, Manhattan, was a director of the City Trust and manager of the Murray HtTl branch...
...A check from Ferrari dated April 9, 1923, was introduced in evidence...
...Hearty greetings to the men and women at Elizabethton...
...through personal interviews that are being arranged for, to make morel substantial donations to the fundAbout 1,000 names have been compiled so far to whom this appeal will be addressed...
...With more than fifteen 'housand tickets being taken by trade unions, branches of the Workmen's Circle, party branches and other labor groups, and more applications for tickets being received, it appears that the grounds will be taxed to accommodate the immense crowd...
...Those WBO belong' to the class of happy gentlemen who do the exploiting cannot feel the same as those who am aaptottotL Bat Mr...
...attorney for the defendants in the City Trust case except Warder, has stated under oath that Ferrari used to complain that he was being "bled whiV" by Warder and Glynn...
...occupy office space in the firm's quarters...
...and with more than 300 active workers already sgrroTUrt est the national Committee and the various State Committees which win ba charged with the duty of mobilizing Socialist forces in every nook end corner of the wt*1—'j plans for the inauguration of the 190,000 United Socialist Drive, authorized by the National Executive Committee of the Socialist Party, are rapidly nearing completion, Marx Lewis, national drive director, announces...
...It was Carpenter who prrrided the initial sum which started "Justice," the official weekly, organ of the Federation which continues today but ss a SBOBthly since the period of the World War when the Federation was snht into pre-war and anti-war factions...
...The real work of administration and of production from the technicians to the humblest laborer in the great industries is all hired...
...District Attorney Ban ton, of New York county, has already announced that the matter to be presented to the grand Jury win be limited to the dtrv TViwt, ease...
...He declared that under the capitalist order "man is the only animal who...
...Contributions of smaller denominations will besought from some percentage of this group...
...At first Olvnn denied that he had received money from Ferrari before leaving the Banting Department, bat later he Identified a check for $3*9 made out to cash, signed by Ferrari and indorsed by Glynn and cashed in May...
...We like the frankness of Ford bat we call attention to one matter which be does, not consider...
...District Attorney Charles J. Dodd, of Kings County...
...It often hapens that a changing current of opinion appears without any apparent explanation of it and the past few months seem to be such a period...
...Carpenter never wee conspicuous In party affairs as his chief work was ss a lecturer and author...
...To carry out this idea it will be necessary to separate the political parties from the feudal oligarchies for it is through these parties that they control government...
...Contributions may be addressed to Norman Thomas, chairman, 23 East Sixteenth street...
...paying $90 fines for peaceful !***¦ They were sen topped by Justice si ¦H Peace Pox...
...He owned only ten shares ef the City Trust Company, against which he had obtained a loan of $3,000...
...Nothing in years has so heartened the movement as this spontaneous response of many friendly organizations to join in one big affair...
...This tariff capitalism of the United States, if persisted in, may contribute to a world coalition and eventually to a world war with the United States the object of a justified hatred...
...They promise bigger and to* picket noes to front of the HachomgF Hosiery Company...
...Fund Drive Machinery Being Set Up Marx Lewis Announces Program for $50,000 C*™P**jW sw/ii'H an organisation perfected in W practically every State tn the Union...
...What this means is that the men sent to Washington have succeeded in ranging world opinion against the United States in their effort to suckle huge capitalist interests by tariff legislation...
...Certainly not...
...Eddie" Glynn was secretary to Warder and was succeeded by bis brother, Thomas, who is now also secretary to Banking Superintendent Joseph A Brcderlek...
...TXENRY FORD is of the opinion that we need one big power trust that would control the power of the nation...
...It is a holding company for city capitalism...
...The two party wings of capitalism serve vast property interests and these interests cannot survive without control of parties and government...
...Independent business is a thing of the past," he declared, and added: "Can a man today run a drug store, a cigar store, a grocery store as an independent business...
...A number of wealthier Socialists will be requested...
...And this is natural...
...What Ford wants is power monopoly as_ extensive as the government monopoly of the postal system...
...Carpenter was one of the group- like William Morris and the late H. M. Hyndman who founded the Social Democratic Federation in the early eighties...
...He declares that exploitation has no terrors for him...
...Prepare to take another...
...We ahonkl have one grant aowertxnrpontkm and not worry because of the' exploitation and the profits...
...We propose a public monopoly by socializing superpower and eliminating exploitation, parasitism, and corporation profits...
...Ford may not be interested in exploitation and profits but we are...
...A few years later be retired to farm life somewhat after the Idea of Thoreau and wrote "Towards Democracy" which appeared in 1883 when he Joined the Socialist movement...
...A complete set of canvassing cards, containing the names of every Socialist party member in the United States, is being prepared, and every branch and local in the country will nave their quota of cards to begin their canvass of members on August 1. The results of the first three days- of the canvass win be sent by telegraph to the State Secretary of each State, who in turn will wire the result* of the State to Lewis...
...hss brazenly admitted thst...
...We want to know why workless owners should receive any incomes at all...
...It is leading us into trouble and should it come its members will not be found in the trenches...
...It is also certain that the small business man finds it increasingly difficult to avoid being crushed by the new oligarchy...
...gg| Whether any of the TammawT*s*es» nectod with the City Trust sosa***] also be hailed before the courtt ransl to be seen...
...Perhaps the striking victory of the British Labor Party has much to do with it...
...With one bold and courageous assertion of political independence one of the chief centers of southern feudalism has surrendered its fort to Labor...
...5 General Besa!ons Judge France X Mancuso has explained his i Til I nam ship of the Board of Directors of St City Trust by saying: "It was ssmtf an honorary position, particularly • Prederico said he wanted a bank ebS* community interests prevailed...
...Scheduled to be formally launched on August 1, literature outlining the purposes for which the fund of $60,000 is to be used by the National, State and local subdivisions of the party, the Socialist press, the Debs radio station, and the Young People's Socialist League, all of whom are to share in the proceeds of the drive, and subscription lists to be used by branch and local secretaries in obtaining the one-day wage or income which the National Executive Committee has decided shall be the principal feature of the drive, will be in the mails before July 15 and will reach the far Wast, the Southern and other distant states a week before the drive is officially opened...
...The owners die and title passes to their heirs...
...Socialist press, including, the Jewish Uany Forward and The New Leaden...
...been limited to banking, he has argued indignantly that Ferrari, retained him for legal and not financial advice...
...Through l Edward Carpenter 'I'HE death of Bdward Carpenter in England at the age of 88 removes an important intellectual figure and a poet, scientist and Socialist of international reputation...
...The Big July Picnic "•gATHAT promises to be the greatest open air * * festival ever arranged by New York Socialists is the picnic to be held in Ulmer Park on Saturday, July 27...
...AH contributions win bh made public and printed in tJb...
...You have taken one trench of the enemy...
...the workers through their own party march into the legislative halls...
...Now they command in the seats of power...
...For this he was to use he "Hp utable" name to get prominent peoekk deposit money in the City Trust sad ke stock in the Federal Securities Coesesj, one of Ferrari's forty companies: m himself was to buy stock on the tn»*ment plan..as he received his salary...
...Be opened law offices to May, 1938, but claims he did not begin active practice until October...
...The strike The Tariff of Abominations *"¦ IHB tariff of abominations on the agenda at #^ Washington is bringing the threats of world retaliation that were to be expected...
...The old police force has been fired...
...Parasitism renders no service...
...Sinter...
...The newspapers bold the Governor's proclamation as leading to a broad inquiry...
...We suspect that they went out on one of the garbage scows...
...The Judge BjgB admitted that Ferrari paid his kcggH st Atlantic City...
...If he separates the Democratic Party from the General Motors Company he will be able to make a start...
...US Atlantic Avenue Bank also gave s Ml' of $34,000 to the Michael Laur* Deae era tic Club, which was understood » b in the nature of a political LjulihsSsa It has never been nmaid...
...Greetings to Elizabethton...
...His services were worth $9,000 a year to Francesco M Ferrari, who retained him on an annual basis...
...Our American masters of corporate industry render no more service than the owners of slave plantations who hired overseers to manage their slaves, lived in Charleston in the winter, and spent their summers at Saratoga or in Europe...
...It is intended to select from the 500,000 about 10 per cent of the more likely contributors to a Socialist movement, and appeal to them...
...to go en ^"^fjr ssrnce...
...He claims he did not know this was against the law...
Vol. 8 • July 1929 • No. 26
