The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-12-13
LaFoIlette's Regulators
Slap Big Wall Street
Financiers on the Wrist
BY J. LOUIS ENoDAHL.

4 voice interstate commerce
mission is heard in whispering criticism of the three
great Wall Street banking houses of W. A. Hartman Co.,
and Kuhn Loeb Co., in their handling the nations
rail merger is the c. c. that is supposed regulate"
the great transportation of the United States with
mileage half that of all the railroads EARTH The c. c.
is in line with the LaFostte idea for regulating" big bust
ness.
But this present development growing Of the mer-
ger of the Missouri Pacific Railroad Company and the New
Orleans, Texas and Mexico Railway Company again
the utter aacy OF regulation policy for controlling
big capitalism.
The three Wall Street banking houses mucted the
railroads for 100000 fee In payment for the little job
OF etfecng the merger The railroads better off
today than they before the put
No oadbd has been built No ties have been put down.
No rails have been ayed There Is no repaired roll
ing stock That is the heavy falls backs
of labor, under brutal conditions at low wages.
Back In palatla offices in Wall Street, the fnancers
ugged of the gitedged securities of these railroads.
persuaded to SELL others to buy to the deal thru
little job of effecng the combination too much of
exeon for their anguid lives The workers these two
roads are willing slaves and they will continue to toll for
mere pittanoe SO the officials could spend the million dollars
knowing that they could wiring more millions out OF abors
sweat and agony.
LaFoette urges regulation" as panacea for these big
gratis and other deals put under private
ship LaFoIette and his followers believe that if these
manifestations, which little irritating to the reforist
viewpoint only be cauerzed then the capitalist social
order will be beautiful thing to behold i was largely in
response to this urge that the Interstate Commerce Com
mission came into existence
CUSTOM the sanctied c. c. aps the Wall Street banking
houses their respective wrists and call them Naughty
Naughty with the best Fifth Avenue infection. Then 1t
goes ahead and approves the merger Of the railroad
magnate and the Wall Street fnancers laugh urosYousy
the comca antics of the c. c. and then ahead and
plot steals and the annexation OF some rich
graft
The Interstate Commerce Commission and its thousands
of offspring, be found In the regulatory bodies of nuer
kinds set in the nation In the states and in the
cities, the creatures of the capitalist system They
all jealous Of the rights of private property They always
decide the side of capitalist interests They buwark
of capitalism.
The reformst weekly, The Nation sends US an advance
copy of its Dec. 18th ISSUE blue penclng article
Soviet Ceorgia's Little Revolution" In speaking OF the
uprising in Soviet Georgia. the
writer says:
Communists lin Soviet eeorsla)
reply: No bourgeose will voun
wealth Nationalist its Mines railroads.
land levy and the
will fight tho
enemy elected parliamentary noIoriy No class
gulotne without small
a the Georgian bourneoise"
The workers and farmers in Soviet Georgia. in all
the Republics of the Soviet Union have learned that
the LaFoettes with their choice assorments of cureaIs
are the staunchest allies of the enemy cIass.S
The millions of American workers and farmers in the
United States who turn longing toward the GILLETTE
movement as "a hope learn this lesson. They
that their only hope lies in the abolition Of the capital
system, from Morgan to aFolette including the Wis
oonsin Socialist offshoot Labors salvation lies
only the red banners of the Dictatorship OF the Pro-
eariat blazing the way for the Communist social order
The millions turn their steps that way to achieve their
emancipation.