The Birmingham age-herald., 1924-09-05
LABOR TO SWAY
 WORLD FINANCE,
 BRADY PREDICTS
President, Of Federation Bank Addresses Brit
 ish Trade Meet

HULL, England, Sept. 4.--Address- ing the British Trades Union congress here today, Peter J. Brady, president of the Federation Bank of New York, said American labor twas against kaiserism, bolsheyism or any form of despotism which seeks to overthrow democratic institutions"
 Mir. Brady, who came here as the representative of the American Fed eration of Labor, welcomed the efforts Eof the congress to unite more strongly l the workers of Great Britain and America. The World war, he said, had been followed by ''purgatory" and there was not yet peace.
 The cornerstones of this civilization, Mir. Bardy continued, would rest in a British Commonwealth of Nations, an American Commonwealth of States, and a United States of Europe.
 Bringing to this fifty-sixth congress ! of British labor organizations the cor dial greetings of the trade union move ment in America, the president of the A. F. of LIS most representative bank in his country said he came here also to "knit more closely the bonds of un- derstanding between the workers of Great Britain and America"
 For, he said, the great allied debts still existing, the new separations agreement and the prospect that Amer ican investors would shortly be called upon to loan many more millions to European nations link us, more close ly than ever, with your fate"
 MT. Brady praised British labor for its course in politics. American labor, too, was making itself felt in politics of it's nation, he said. But, as he | pointed out, the differences between England's tight little isle" and Amer ica's aggregation of state sovereignties obliged labor in his country to accom- plish its ends with the aid of all par ties, rather than through cue purely la bor party. He called American "a Babel of nationalities."
 As for the A. F. of L. policy toward other international organizations of workers, that was controlled by the democratic system of autonomy which prohibited the A. F. of l.. from die tating to it's unions. As Mir. Brady said, ".it gets its mandate from its af- filiated members" Of the international relationships that were broken off dur ing the World war, he said:
 We are still eager to restore fra. ternal relationships when it can be brought about on a practical basis; to jointly solve the pressing problems con fronting the workers of all nations. We believe in such international kinship, for we hold that the trade unions of the world are the only substantial bull wark against kaiserism or bolshevism or however we term the form despot- ism may take to overthrow democratic institutions"
 If we can poll our votes to get con- trol of governments" Brady asked; ''if we can unite our economic power to i'm press industry, can we not, by com bining our savings, small individually, but bulking enormously large in the aggregate, make finance responsive to the will of those who produce the worlds wealth? We think it can be done, and so do the workers of America.
 I've have 33 labor banks with re- sources of $125, ,0OO, ,000-but drop in the bucket of what our trade union banks are capable of accumulating. We have 5,000,000 trade unionists. Each year $25, ,000, 100000 is paid our indus trial workers and from six to seven billion dollars is saved in various ways. It is this large sum which labor banks hope eventually to control"