The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-19
Senate Orders General Inquiry
Into the Railroad Situation;
Unions Charged Financial Plot
New Mexico Letter
Read as Proof of
Conspiracy Charge

CHICAGO. April ie.--fharges that
n capital combine" headed by IL
New York financial institutions inaug-
urated policy OF nation wide shut
downs. and made today before the
United States railroad labor by ".
lctt iauck, economist for the unions
which are fighting any reduction be-
fore the United States railroad labor
board.
Mr.. Iauck named about 100 men
who through interlocking director
ships. he claimed. conferred In these
dozen Institutions control OF The ma
iority of the Countrys important rail-
roads and Of basic raw materials. He
charged that:
This interrclated capital group
deliberately deflated the farmers and
then undertook hy precipating indus
trial stagnntion. TO deflate labor"
Vehicles Tor Drive
The railroads. he asserted were the
chosen vehicle for this labor drive.
Layoffs of repair men on railroads
In recent months. he charged, were
made deliberately. while much OF the
repair work was let TO outside COM
panies who charged the roads about
twice what the same repairs would
have cout In their own shops. one
purpose. he said. was 60 get this por-
tion % railroad lahor out Of govern
NAlfNNA Jul ANtN'AANN 10 ANl AAtk ~ W
work FOR the outside concerns These
concerns he said. were largely under
This same financial control as the
roads.
The document that Mr.. Iauck pre-
Hentcd made about l25.0OH words II
was prepared by the American FEEDER
alton Of Labor bureau OF research.
railway employees department. and
entitled, Human Standards and Rail-
road Policy"
The dozen New York financial in
stitutions as named were:
Mutual Life Insurance company of
NY.
FIRST NatbnaI hank.
Equitabk Trust company.
.. q. Morgan and company.
Guaranty Trust company.
Equitable life Assurance society Of
| United Statcs.
American surety company.
] National Surety company.
| Mechanics aud Metals National
hank.
: National CITY Rank.
! New York Trust company.
thasc National bank.
Mr. t.auck charged that these banks
] had directors iu 81 class one rail-
| roads. aud in 20 railroad equipment
companies. that their drcctorships
] reached q coal railroads and coal
] companies. aud that through nom
/ banking directors this all"g"d capital
| combine was sim further iuterlock-
| cd.
Taking up first the lay of charges
I the report presented hy Mr. Lnuck
| ull that railroad shop lavoffs income
I plctc, in the past nine months were
more than io8.oOo.
New HcNico Letter
\ letter from ltntt n. Nrw Mexico.
/ Of March I last. chaUgyd that on the
Santa Pc. In january, after six ma
/ chiniHts had been laid Off the rec
naming machinists were worked ov-
eftime l.2t6 hours In that month.
Examples of what the report called
! the luy-off policy were instances
from Indianapolis, Los Angeles sash
| Vile. OsweEo. y Y, Horton. knns..
| Du Bois. Pa. and Ottumwa. Ia.
A report from Oswcgo y. Y,
charged that In March 1919 the shop
here was fuii of steel flat cars Cthat
was under government ControD and
tho foreman only had about q men
cutting :hcm down. The rest Of the
men were walking about doing moth
ing az an and drawing their pay. nul
there was no lay of then. The gov-
ernmont was paying for it, and not
the y. Y. G. Now We have all kinds
~ work and we are laid Off"
~ was charged that In January
at Winston salem "a foreman on the
Norfolk and Western was caught pull
ing tags OFF had order cars. while at
Blucfield on the same line foremer
were alleged to have orders not "a
have defective equipment repaired
! IN Eckman. ". Va. letter from
railroad worker read There IL pulled
out Of here every day cars with nC
z brakes at an
The report carried statement
charging the Baltimore a ohio rail-
road company With laying OF car me,
rhnnirs while ears are deliberately
run with cracked plates. cracked