The labor journal. [volume] (Everett, Wash.) 1909-1976, 1921-10-21

ment problem and the other prob
lens originating in our present sys-
tenn of finance and administration
of government can be eliminated is
to destroy the system of Special
Privilege through which the bank
ing group secures its power
To abolish this Special Privilege
we must publicly own and operate
our railroads for service at cost.
We must publicly control our natural
resources through taxation of idle
lands containing coal, oil, and ore,
thus forcing them into use, increas-
ing production, lowering prices, open
ing up new opportunities for en-
ployment, and providing new sources
of revenue. We must insure to
every citizen equal economic, legal
and political rights, and vigorously
maintain our Constitutional rights
of free speech, free press, and peace
able assemblage.
Viewing the fact that the Demo-
cratic and Republican Parties are
likewise under the domination and
control of the same banking group,
it is necessary to establish a new
political party as a channel through
which this permanent remedy may
be achieved. AS / believe you know, |
the Committee of AZ has already
proceeded some distance along this
road
But pending the achievement of
these aims, and in order to meet
the immediate emergency which the
Unemployment Conference has been
called upon to consider, the Commit
tee of AZ recommends the following
temporary program:
1. That the banking group be
required to reverse the credit pol
icy which it has been pursuing for
the past 10 months, the machinery
of the Federal Reserve Bank system
being employed to bring this about:
2 That the necessary credit IA
cilities be furnished to farmers, man.
ufacturers, and business men to
speed up the wheels of industry; that
this capital be furnished on demand,
subject to proper security, at legal
rates of interest and without usuri-
Gus charges for service accommoda-
tions
3. That the banking group be re-
quested to forthwith discontinue its
foreign investments and curtail inso
far as possible its present eXploita-
ton of foreign industries, employing
its surplus wealth to meet our do |
nestle requirements;
A. That the Federal and state 7
governments Immediately appropriate
sums for highways, pub
lie improvements and other necessary
work; q
5. That the Federal government a
appropriate the necessary funds and q
re-establish U. S. government EN-. S
ployment agencies under proper au Q
5hority; =
6. That Congress vote against the e
Harding Railroad Bill giving another o
half a billion dollars to the private y
y owned railroads; t
7. That Congress during the pres g
ent session adopt the recommended p
ion of former Directors General
and Hines and pass pub
ic control bill placing the railroad
carriers under Federal control, as
a preliminary step to public owner I
ship;
8. That the Government further
provide for the return of all rail-
road repair work from the private
equipment companies to the rail
road shops;
9. That a Federal order be is ]
sued requiring the working of our
coal mines at full capacity, thus in
,reasing production, cheapening
prices and providing employment for
he thousands of miners now out
If work;
TO- That the policy of the Federal
government shall be that all employ
ers pay a living wage. and that the
hours of labor shall be not more
than eight nor less than six hours
per day.
1t is my hope that this program
will be given the consideration it
deserves by the Conference of which |
you are Chairman. and that as a |
result of your deliberations you will |
not only endorse this program but |
will urge upon Congress the neces |
sity for immediate action relative
thereto.
Respectfully yours,
(Signed) J. H. HOPKINS,
Executive Chairman Committee of AZ
r0-