The labor advocate. [volume] (Cincinnati, Ohio) 1912-1937, 1916-12-30

tlOn and II unsuccessful, an effort will
be made to drive them from the build
ing industry altogether
Morgans immense trust of anti-labor
manufacturers is the most colossal force
Tor industrial warfare ever perfected in
this world and the consequences cannot
be but far reaching and of sinister i'm
portance.
The Metal Trades Association which
is recognized as sinister force direc-
ted against the labor unions is only
minor component part of the colossal
industrial trust which this evil genius
Morgan has brought into being in his
iniqultous efforts to crush all our labor
unions and all forms of organized labor.
The sooner the Morgan Industrial
Trust can destroy the unions the SOON
er they can begin to reap the greater
profits from the lives, bodies and brains
OF workingmen and women.
People of the United States may scott
at these words of advance warning :;
they are the gospel truth and the secur-
ing of the control of the Norcross plant
is only the first step in getting hold of
the big building concerns that are fair
to organized labor
the place of Orlando w. Norcross as
president of the newly organized COM
pany demonstrated in the recent mach
inists' strike that he is anything but
friendly to organized labor, and that as
head of this concern labor will have a
hard article to deal with.
The big idea is to get control of the
biggest building companies and put NJ.
II of the "a,
approved by Morgan's industrial trust
and the next move will be to declare
the building concern an open shop.
The trust has its eyes upon the
George A. Fuller Construction Co. and
ganized labor. Certain Influence will
be placed on the concerns which the
trust wants to control so as to non-un-
by which these Interior motives may be
is the good old game known as the
bank throw down"
This game is practised in every city
hand of this menace, Morgan, finds full
play. An honorable and upright build
er has large payroll and frequently
needs large sums of ready cash to pay
off his men until such time as he begins
to realize from his contracts. This is
where the bank has legitimate and
useful place in the modern community.
The builder goes to the banker and ar
ranges for a loan of say $4,000 payable
in one of two ways: on demand or in 80,
60 or 80 days. Usually the borrower has
the option of renewal of his note and
this helps two ways: it gives the bank
an interest of 6 per cent on the very
soundest of commercial paper and it
finances the builder until he receives the
payment due on his contracts.
The game of bank throw down" how
ever is worked when the builder goes
to renew his notes and finds that the
banker has suddenly become Suspicious
and obdurate. The notes are demanded
and the builder is often put out of the
game in case he cannot raise the neces-
sary cash elsewhere to pay the sudden
demand. Before the bank calls this
builders hand, however, the officers first
of all secretly ascertain all they can re-
lative to his affairs and in order to put
the screws on him in good shape, they
often buy, through a third party, any
outstanding notes of his.
his weapon is the most feared OF any
weapon in the commercial world today
Morgan, on account of his having his
finger in every financial pie in the
country east of the Mississippi can ruin
man by merely giving the signal.
Is it to be expected that union build
ers will be spared by this menace Nor
gan when the time comes to put on the
screws-and the time is here-now.
Worcester business men remember
with shudder how O. w. Norcross
was put almost into bankruptcy few
years ago right here in his home town
Worcester, by set of greedy financial
sharks. O. w. Norcross is known and