The Washington times., 1922-08-11

gagged simply In Sss<s,sSzc1S~saaInS
fighting the rail-
road executives. WILLIAM HARD.
The advisers of the President are
beginning to see that these chiefs
of railroad unions, with 100000
men behind them have an objective
that is beyond the railroad execu-
tives. They believe, and their
1000, 900 men believe with them,
the total concentrated financial
power eof the United States as CEN
tered and headed In the great
banks of New York city.
They believe that they could get
on well enough with the railroad
executives. Some few of those exec
utives they assail bitterly In their
private conversations. For most OF
them they privately and personally
have no animosity at all. For a
good many OF them they have friend
Ship and friendly first names and
nicknames. The men whom they
conceive themselves to be fighting
are tie very same men whom the
organized farmers of the country
conceive themselves to be fighting
namely, the men who command and
control the central resources Of the
country's credit.
They accuse these men OF domi.
mating and dethroning the railroad
executives. They charge them with
turning the presidents OF railroads
into office boys of banks. They
print. and they distribute among
their members. long tables and large
charts showing the directors OF New
York banks who are also directors Of
railroads. They show that directors
OF twelve New York banks have been
holding directorships numbering 2e7
on a total of 92 class one" railroads
in the United States.
They claim that the railroads are
no longer run by railroad men, but
by bankers who know nothing abeut
railroading. They point TO the case
of Mr.. T. De Witt Cuyler. He Ia
president of the Association of Rail-
road Executives. He is a director OF
the Pennsylvania railroad. the Pitts
burgh, Cincinnati. Chicago and 81.
Louis railroad. and the New York.
Ontario and Western railroad. He
is also a director of the Long Island
railroad, the New York, New Haven,
and Hartford railroad. the New York.
Westchester, and Boston railroad
and the Rutland railroad. He is also
a director of the Atchison, Topeka
and Santa Fe railroad. But he is not
a railroad man.
He is a lawyer-they note-and
banker. He is director of the Bank
ers Trust Company, the Guaranty
Trust Company, the Equitable Trust
Company, the United States Mort
gage and Trust Company. They
point to him as a symbol of the sit
uation. They point to him as an
embodiment OF the financial forces
which they believe. to be totally ig-
norant of the realities Of railroad
ing and which they believe to have
declared a war to the death against
not only the shopcraft railroad
unions but all railroad unions and
against not only all railroad unions
but all unions whatsoever.
These men assembling here today
are rightly or wrongly animated by
the belief that they are engaged in
a battle between the whole working
class on the one hand and the whole
concentrated financial credit system
of the country on the other. For the
first time Washington sees an INDUS
trial class congress responding to
what IL believes to be a challenge
to class war.
Uneasily and with deep apprehen-
sion Washington realizes that II IL
living through new national mo-
ment. The forces loosed by the
strike are felt to be submerging the
strike They are felt to be uniting
themselves with the storm rolling up
| from the West in the victories OF
Brookhart in Iowa, Frazier in North
Dakota and Walton In Oklahoma.
Farmers revolving against what
they call banking control and rail.
readers revolving against what they
also call banking control" are be.
ginning to be seen by Washington ss
twin elements in the same threaten
ed political tornado. The conviction
deepens that when Mr.. Hoover went
| TO the hanks In New York he went 20
the right shop. The conviction deep
ems that they could speak the word
that would bring truce In the war.
| II Il is, not spoken Washington sees
At this moment only Fastening
ga therfnu of tho Cloiids