The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-02-22
"CaI's" Election Added
Billions to Values of
Wall Streets Stocks
BY J. LOUIS ENoDAHL

TODAY the New York Stock Exchange wall Street)
its totals and finds that Sc issues among the humid
appreciated $s22o14so in value since the reelection Of
"Sent Cal" Coolidge last November.
The National financial weekly, "Barrons" in Interpret
ing this good for the mut-mIionaires calls it 1.-THE
Election in Dollars" and gloats as follows:
all
many hundreds higher Coolidge
triumph billions according the
These new higher values the stocks of great
trusts we'll the smaller corporations constituting what
is claimed be lone of the greatest bull markets yet
exploit the workers under the parternastc Coolidge regime
Business will be interfered with it will be allowed
to consolidate Note the Capitalization under the direction
of big banking interests of the packing industry 1t will be
permitted to perfect its profiteerng.
its wage cuts and engthenng the worday for and
winning the eactionary labor oficiaIdom for
its casscolaboraton policies Police forces are being
strengthened in the cities. State cossaok laws be-
ing urged in the legislatures.
For the election of Coolidge meant not only an increase
of several billions the values of stocks 1t also brought its
increased opportunities win higher dividends those
And that favorable position must be strongly entrenched
y o"s hVs steel Tv the the
worlds largest industrial in point of capitalization
an appreciation Of in the stock Of the antabor
Pennsylvania Railroad where the shipments strike is still
on Values of stock in the American Telephone and TeIe-
graph Co.. the largest public utility, went up $57747462
1t is not an accident that large trusts with stock
among their workers and the general public Stock sold
high prices be bought back later very oheapy when
the bottom falls out of the market.
But that labor organization like the Brotherhood of
Locomotive Engineers, thru its banks, should deber
atey urge its members to buy stock in the embarrassing
Pennsylvania Railroad for instance especially at the present
high prices of those crimes against the working class
that only be committed in the United States and go
UNPUBLISHED.
All this usually passes over the heads OF poor workers
who understand heither the financial pages of the
papers, have they sufficient savings buy single share
in the corporation that keeps them in poverty All they
feel is the lash of the taskmaster when few pennies
cut off the hours wage when the eghthour day creeps
up nne and often hours when the conditions of
toll grow unbeaabe and he is forced strike, organized
unorganized. 5t
1t is then that the worker gets clearer glimpse of the
huge capitalist social system depressing him.
1t is then that he willing to listen the Communist
appeal for the ending of this profit syste because he
gins to realize, to be only family at first that there
other way OUT
The increased stock values and the increasing struggle
of the great capitalists declare bigger dividends thereon
is standing challenge all labor join in fight
that daily takes new and greater proportions Labor will
accept that challenge and wn fighting In the last struggle
of the class under triumphant Communist standards