The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-04-11
Schwab Talks Prosperity
But New Jersey Steel
Workers Declare Strike
BY J. LOUIS ENoDAHL.

CHARLES M. SCHNAB, powerful steel magnate, chairman
- of the board of directors Of the Bethlehem Steel Cor
poration declares he Is ian optist the business out
look" That is warning to labor.
When SchWab gets optimistic that that he
new opportunities for boodettng in the business of taking
increased profits from the toll Of the working class is
significant that every that Sohwab advances for
optimistic business outlook is in favor the explorers side
Of the ledger He admits nothing the advantage of labor
It worth while summarize of these reasons for
optimism. They
FIRST: Because the American whole
producing w an amazing speed
SECONDS promises year crops
top Of the agricultural productivity year.
THIRD: Because the working spirit
with their years.
FOURTH: Because the the United
the leadership the president stands for
There is much schwab compliments business
for not induging in speculative expansion he happy
the excellent transportation provided gores
in the operation of "ou banking laws and credt facilities
The most backward worker should be able to see thru
Schwabs optimism When labor produces more that does
not prove that labor is benefited The mill slaves of Passac
NJ j. produced 100000 in profits for the parasite
holders of Botany Worsted Mills on an invested capital of
$2soooooo But they had strike to
tight 10 per cent wage cut. Schwab should try tell
workers how they increase their purchasing power
wages cut the face Of mounting prices He do it.
Neither can ne convince the farmers that "bountifu
crops mean prosperity for them There good crops
last year in large sections of the country with low prices
large numbers of farmers bankrupt facing bankruptcy
in many sections of the country and congress confronted
with agricultural crisis does dare attempt to
soVe What is true of the grain farmers also holds of
cotton growers fruit rasers and other tes Of the land
Workers not benefited when they indulge in the
phantasy OF greater peace with their employers" While
they Parayze their struggle for better conditions the
employers are as active ever in improving their favor
able position. The fact that Schwab gories in cass-coa
boraton and its benefits for the employing should
be warning enough for all labor especially shopmen on
the railroads being enslaved under the Baltimore Ohio
Railroad Plan to struggle against all these cass peace
schemes
The steel workers in convention at Pittsburgh
The optimistic pronuncamento the steel kaiser Schwab
could not have been timed better in aid of the reactonay
ocadom that loves much bask the sunshine of the
employers favors Schwab says he has known such
unchaenged liberty in IS years exploit and the work.
er as he now enjoys That is surely signal for struggle
to the delegates of the steel workers assembled in the
capital city of Pennsylvania steel and coal empire
Labor in the steel mills listen the cali of the left
wing organize the industry and build the militant power of
Americas steel workers. The present ofcadoni crawIs
backwards Instead of vazng the metal trades DEPART
ment OF the American Federation of Labor they want to
withdraw from it. The steel workers. officials as much as
any, are responsible for the failure of the metal trades de-
parment to push its proposed organization drive in the auto
mobile industry
schwab talks prosperity" and the workers strike 100
per cent IN the plant OF the Cucbe Steel Company of New
Jersey This the best possible reply could be made to
Schwabs bunk What the steel workers of the nation
and the working class generally going do about it?