The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-10-02
NO POLICING
OF BUSINESS,
SAY BANKERS
Want No Interference
Nth HoId-up Game

The bankers assembled in the
gorgeous Auditorium theatre
here for their annual conVen-
ton, yesterday joined a united
front with the anarchists,
speakers declaring against
government policing of bust
ness" for individual enter
PRISE" and stating that 'that
government is best which gov
ems least"
The bankers are afraid their
railroad interests will be taken
away from them by the work
ers, so they denounced state
control of railroads.
Fight For Their Profits.
They are afraid that legislation to
better the economic conditions of the
farmers will eat into their profits so
they declared against such legislation.
There are times, however, when po-
litical meddling is a good thing for
the business men, and therefore S.
M. McAshan, vice-president Of the
South Texas Commercial National
Bank, spoke for greater powers to be
given to the comptroller by amend
ments to the national bank act.
1t will be serious blow to the
capitalist class when the farmers and
workers unite politically, so T. r.
Preston, president of the National
Bank Division of the American Bank
ers' Association, declared he would
hate to see this happen.
Political remedies for farmers ills
always will fail" said Preston, making
the wish father to the thought.
THE farmers must be the architects
Of their own fortunes. The real remedy
Is to give them an equal chance with
other classes of business. The gov
eminent could help by quitting the
policing of American business and
reduce the burden of taxation. There
is a perfect mania for the government
to attempt to solve all problems and
10 attend to all things"
For Individual Rights.
Our nation has developed as the
great defender Of the rights of the in.
duvidual," said G. H. Markham, presi.
dent of the Illinois railroad, which
was not so solicitious of the rights OF
individuals in the shopmen's strike
OF 1922. In reality, Markham revealed
that he was speaking for the rights
Of private property and of the rail-
road trust to monopolize the railroads
built by the workers, for he said in
the next sentence: Private property
is the cornerstone of our industrial
structure. We have had to regulate
many private Businesses, including
railroads, but we have always man
aged to avoid confsction. We have
never forced government ownership
as a national policy and we have
therefore never been called on to de-
eide definitely just how far it should
go.
IF the railroads are taken over by
the government we must face the fact
that the big step in the reversal of
our old settled policy will be taken
and there will be no stopping the
force once we have let it loose. If
there is no particular reason why the
government should not own and run
the railroads, is there any reason why
il should not take over the banks
stores, factories, farms, until all of us
are government employees and the
ideal soviet is attained?" Markham
spoke feelingly as to how horrible il
would be if the workers took his rail.
road away from him.
Has Crime Wave Cure.
r. H. Bronkhorst, president Of the
Chicago Bank Auditors conference,
spoke in favor Of a national organiza-
ton of bank auditors, claiming it is
needed to check the crime wave
among surety companies and banks.
William e, Knox, newly elected
president of the A. B. A., attributed
his success to hard work and TO his
immense knowledge to which he freely
admits.