davidaulloa/AmericanStories huggingface dataset:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28

an additional 100000 just before
selling out to the policyholders"-
and thus saving the company for
naturalization" After the chips
were all in and counted the original
investors made during the mutualiza-
ton year 5000 per cent on the
hazardous investment of $15,5O4.
"Mutualized" Dividends.
In 1915 there was an enormous
surplus, and the stockholders were
hungry for a juicy slice of the pie.
The public was beginning to make
enquiries about insurance generally
and about weekly payment insurance
specifically.
If the directors voted themselves
more than a 10 per cent dividend on
the 100000 capitalization (13,3SS
per cent of the original investment
of $15,504) an investigation would
surely result.
So naturalization" became the
popular tune. The stockholders, of
ficers familiar with the game know
ing the trick of handling SURPRISES
to advantage very generously "sold
out" to the policyholders at 500 per
share or $18,2O0,OOO, i.e., for every
dollar originally invested they re-
ceived SLIGO.
This is the history of the two great
branches of the "Big Four" Today
the same clique of Wall Street finan-
ciers sit on top of the heap. They
sold their stock but retained their
grip on the directorates and policies
of the companies.
Bought Their Way.
They bought their way out of the
Armstrong Investigating Committee
in 1905; they averted investigation
in 1915 by instituting mutually"
Since those cushy days nothing of
interest to the defrauded policyholders
has happened to palliate the evils of
weekly payment insurance.
VIII 1928 be a turning point?
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
LABOR Halter IN
PASSAIC Mill IS
FORCED TO QUIT
Col. Johnson Resigns
AS Policy Fails

Col. Charles F. II. Johnson, head OF
the Botany Worsted Mill at Passaic,
n. j., bitter opponent of the workers
during their long strike, ardent advo-
cate of company unionism and enemy
of trade unionism, has resigned from
his post.
Workers Enemy.
He was vice-president and direc-
tor of the Botany Worsted Co. which
owns the mill, and he acted as its
representative during the year that
the mills workers were fighting for
living wage.
1t was Col. johnson that Gus Deak
and his fellow-workers went in Jan
uary, 1926, with their demands for
abolition of the wage cut and for i'm
proved working conditions; and it
was Col. Johnson's blunt refusal of
these demands that precipitated the
great strike of textile workers which
became world-famous.
Bolster Company Union.
Within the past few weeks, a new
attempt to foster a company union
has developed in the Botany Mill.
The women in charge of the employ
ment office disclaims any knowledge
of how it started. Officials Of the
mill try to pretend it is a spontan-
eous expression of the will of certain
workers. They do not explain how
these underpaid workers managed to
have the printing done for the call
which was issued. They are ignor-
ant Of the whole company union plan,
so they state.
After Strike Economy.
With Col. Johnson, Carl Schlachter
another vice-president and director,
has also handed in his resignation. It
is understood there are to be other
changes made in the personnel of the
managerial staff, and rule of econ
omy inaugurated. No doubt these
changes result from the four million
dollar deficit which the Botany Mill
had last year, as contrasted with 2
surplus of over three hundred thou
sand the year before. The deficit
was attributed to the strike.
Col. johnson is to remain as a mem
Der Of the board Of the Botany Con-
solidated Mills, Inc, and has been
elected one of its vice-presidents.
This corporation is holding company
for both the Botany Mills and the
Garfield Worsted Mills.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
Buy The Daily Worker
Special May Day Issue
GIObernan Campaign
Drives Los Angeles
Times to Mysteries

LOS ANGELES, Calf, April 27-
The Los Angeles Times. anti-labor
organ, in a leading article declares
that Labor Unions Are In Red AL
lance With Socialism" because the
Central Labor Council and other dis
trict councils have endorsed the can
didacy of Sam Globerman, independ-
ent candidate for the Board of Edu-
alton who is being supported by the
Workers (Communist) Party.
Labor Fakirs Fought.
The Times fears that the unions
are becoming tools Of the radicals"
because of this act.
Every conceivable effort has been
made to keep Globerman off the bal
lot; Times reporter announced that
he was not citizen, and the officials
of the Central Labor Council gladly
took up the cry in the hope that they
would not be forced to endorse a
trade unionist running for office in
the municipal elections, even to the
extent of forming an alliance with
the labor-hating Los Angeles Times.
When the Times carried the story of
"Red Alliance" these same officials
took up the cry of fred" and are
seeking to attack Globernan on the
grounds that he is a Communist, and
there are rumors that An expulsion
campaign viii soon go into effect.
Rank and File Protest.
Even the bureaucracy feels the
rank and file dissatisfaction with the
present political policy Of reward
your friends and punish your enc
mics" An editorial in the Citizen,
official labor organ, declares. "The
thing to do is TO make labor's po-
litical power felt. If the method fol-
lowed at present is wrong, IL the poll
icy followed is not satisfactory or eff
fective, it can be changed whenever
the unions comprising the central bod
les and district councils vote SO to
do"
It is with this background that the
Trade Union Political Conference is
meeting in n few days to work out
political policy for labor. 1t is ex-
pected to go on record for independ-
ent political action.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
Brazilian Consul Fears
American Imperialism

The United States should clearly
emphasize its unwillingness to inter
fere not only with the political life
of the Latin-American countries but
also with their economic policies and
the free development of their institu-
tions," declared ]. c. Muniz. acting
Brazilian Consul-General in New
York in a statement issued yester-
day.
The role played by he State De.
partment in Latin-American business
relations can "easily lead to misun-
derstanding," Senior Muniz said.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28

There United Front of the Special American Federation
of Labor Committee headed by Vice President Wo the
ona Civic Federation dominated by the powerful capt.
alsts in the United States.
Matthew Vol is the connecting link in the conspiracy With
him in the Civic Federation is:
Morgan J. oBren former the rn of oBren
New York Court Of Appa N Y Parker Broadway
Director American Safe Deposit
Director, American Trust Company. q
Director, Duveen Brothers,
Trustee, Emgant Industrial Savings
Director, lntertype Corporation
Director, Metropolitan Life
The Director, Provdent Loan Society of New
His connected with firn a
President and director of Broadway
International News Ticker Co.. Director.
Director International News Ticker
The Director Of Morris Plan Co. Of N.
Director New York Title 1Iortga
Director Stock Quotation Telegraph
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
Smith Appointee "Overlooks"
S25O,000 Bride
RESUME OF INSURANCE EXPOSE

The DAILY WORKER here20tk continues ITS exposure of
the Big Four Insurance Trust The Big Four is composed
OF the Metropolitan Prudential John HOncock the Colonial
Life Insurance Companies precious articles Mr. Harrison
has oddced evidence pong misrepresentation FRAUD saborna
tton and misuse OF n1u0t funds There 100000 Amer
fcGn 4oorbers paying tTib2te to the Big Four pro
nent IN government and financial circles haze peppered
thHS far Notably IN this respect find Charles NJ SctOab of
The Bethlehem Steel Corp, HGy FiSke president
pOtoN Life and outstanding a6orbGer by of mem
6eship IN the National Civic Federation Albert H. Wqqin
Joseph Day. NeO YorkS Saper-reaItOr and many others.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
Dempsey Frames fox
Chance at Million

Jack Dempsey, on the alert look
out for jack, informed Tex Richard,
the box fight capitalist yesterday
that he is ready for another encouns
ter with Gene Tunney. Dempsey is
training in California and wants to
tangle with the winner of the Ma
loney-Sharkey match, but Tex thinks
Palino Uzcudun will be the former
champions opponent.
Richard, with cool eye for the
gate receipts, estimates Dempsey's
return to the ring will draw a mil
lion dollars to the box office.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
Hungarian Fascists
Riot in Budapest

BUDAPEST, April 27S-Hungarian
Fascist students started a riot yes
terday afternoon when diey attempted
TO break up a meeting, under the
Craftsmanship Of Prince Karl Hohen-
Toe, called for the purpose of form
ing pan-European League.
The Fascist rowdies pelted speak
crs with rotten eggs until finally dis
persed by the police.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
Needle Trades
Defense News
Loyal Support.


The devotion Of the cloakmakars
and furriers to their unions are being
expressed in a thousand different
ways. During the past week. no less
than twenty workers took advantage
of small home celebrations TO make
collections for the defense among
their guests. These little collections
have totaled up to almost $1,000 al
ready. The defense calls on all it's
friends to keep up this good work.
=
News From Philadelphia House
Party.
A party given to celebrate his
daughters engagement at his home,
728 So. 9th Street, Philadelphia, Pa,
S. Grossnlan did not forget his fellow
workers in Jail and made a collection
which Melted S21.00 for the defense.
House Parties at the United Workers
Cooperative.
Meyer Kelles had a party at his
home in the United Workers. Coop
erative Building last Saturday night.
He decided to make collection and
his guests contributed $14.00 10 the
defense.
Charles Strongwater in the same
building the same night also had a
party. He was little more persis-
tent, starting the collection with a
five dollar bill Of his own, netting
$56.25 for the defense.
Another collection held in this build
ing the same evening Melted about
$4,000.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
Special Drawings in the
May Day Daily Worker

VANCOUVER, b. c., April 81
The North Pacific sea serpent season
has officially opened today. Freder-
ick Parnell. Of Vancouver, reported
that he and his brother had seen tive
sea serpents each 80 feet long in
Howe Sound, off Gibsons Landing,
100 miles west Of here.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
Another Flyer Falls.

SAN ANTONIO, Tex, April 81
Cadet Grady Farley, flying student
Of Brooks Field here, was fatally in
iured when his airplane crashed near
here today. The accident is believed
to have occurred while the aviator
was attempting to land in an aux
iliary field near the airdrome.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
So Miners Killed in Month

SCRANTON, Pa, (FP) April 27.
-Thirty-nine anthracite miners were
killed last March, one to every 1866
tons mined.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28

Who is Behind the Prosecution of the Militant
Needle Trades Workers?
Who Are Matthew VOLTS Fellow Conspirators?
They Are Leaders of the National Civic Fed
Grafton!
VOL is Acting President of the Labor Hating
Civic Federation.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
By CHARLES YALE HARRISON
ARTICLE XVI.


The history Of the rise Of the "Big
Four" reads like a series of exploits
from the life of Captain Kidd, Start
ing with few paltry dollars, these
corporations have anassed colossal
sums of money until today that are
multi-billion dollar institutions thriv-
ing on the credulity and ignorance Of
the 100000 workers who pay trib-
ute to them.
In this article we deal with the
two largest tentacles of this octopus;
the Metropolitan and the Prudential
Life Insurance Company. These two
companies insure about S5,00O000,
workers lives for over 10,000,000,0
(ten billion) dollars!
The Metropolitan commenced bust
ness on January LIST 1867 as an COR
binary" company. That is to say, on
it's natal day it had no idea of selling
that petty larceny form of "protec-
ton" known as Industrial insur-
ance. The original investors Clipped
in S250,O0O and for while this was
considered sufficient.
In 1886 this capitalization was
deemed inadequate and the capital in
vestment was increased $250,000,
making a total of half million dol
lars. At this stage and for some time
thereafter the company was purely
commercial enterprise with nary a
thought of public service" and $50
cial uplift." 1t was out to do the
public good-and it did.
During its era of Grass commercial
ism it had a most distinguished list
Of investors. Naturally the Wall
Street clique came in on "the good
thing" but notably in this respect
we find the late Gear Nicholas II with
a capital investment of $16,O00,000
(sixteen million dollars) hob-nobbing
with Messrs. Fiske, Schwab and Hege-
man.
Things have not changed much,
however, since the palmy days Of the
Metropolitan. In those days the
American worker-insurer helped sup
port the late lamented Nicky and to-
day he is playing a similar role to the
self-effacing Albert H. Wiggin ct al.
I To A Million Dollars.
Five years later, in 1891 the sur
plus (reserve) was capitalized making
the total investment an even million
dollars.
The next year, business still being
abnormally good (the company was
now doing weekly payment business
for the past 10 years., another sur
plus distribution was declared lacking
the capitalization up TO the two mill
ion dollar mark.
In 1880 the Metropolitan first I'M
dertook its first flier into the weekly
payment life insurance field. Five
years previous the Prudential had in
troduced the plan from England and
found the sales easy to make, the
profits unusually high and the pub
lie, above all, extremely gullible.
During its first industrial" year
the Metropolitan wrote and placed on
its books 5,143 weekly payment
policies. During the following five
years its business in this department
increased as follows:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
w. E. B. Declines to Aid
SaccO and Vanzetti
(C0ntin1ed fron. Paae Onel

tCo1tta1ed from Page One)
ers' education is the desire for a bet
ter social order. Labor education aims
at the ultimate liberation of the work.
ing masses. :. Workers education is
distinctly not to be confused with the
numerous existing forms of adult edu-
cation. 1t is not the purpose of
workers education to help young STU
dents rise from one class into a higher
one.n
~ To Escape Hard Work
Several delegates expressed the
contrary view. One of them said:
"Shall we remain dubs all our life and
remain in the Woodworking group ?"
The conference delegates each
bought a fifty cent button for the
United Textile Workers strike at
Woonsocket.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28

And so on up until 1925 we find that
the company had 30,8S3,9S4 policies
for over five billion dollars of insur-
ance. This is exclusive of ordinary"
or annual payment insurance which
is as great again.
The Metropolitan's assets in 1880
(the year it first introduced weekly
payment insurance. were $1,664,122.
In 1925 the assets were over $1,854,-
100000, one billion, eight hundred and
fifty-four million. =
The Prudential.
The Prudential Life Insurance
Company was organized in 1877
fifty years ago-and capitalized for
$15,504l Small start, big ending.
From 1877 until 1886, nine years, it
did weekly payment business ex-
clusively. Its original policies were
issued in amounts which ran from
$50 to a top of 1897. During this
nine year period it had taken in, in
premiums and interest S5,O32, 931;
had paid in death claims $1,33f,111
1884 per cent of its premium in
Gomez; had charged $2,661, 004 for ex-
penses (53 per cent of its premiums
and 200 per cent of its death losses)
and still managed to put away ST.
040,8l6 in net assets with a member
ship Of 1851 (1SS6). Some growth
for newly born babel
Got the Cash.
The stockholders of the Prudential
were not wanting in dividends on their
rash investment of $15,5O4. Not
salaries paid TO these
neutrality-suspicious., they began with
modest dividends of 90 per cent per
annum in 1886; then gradually vote
themselves less modest, but more ade-
quate dividends up to 1900 per cent
per annum. Finally they slipped in
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28

BUY THE DAILY WORKER
AT THE NEW ISLANDS
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
7 To Escape Hard Work
Miners Demand Release

PITTSBURGH, April 27.-More
and more demands for the release OF
Sacco and Vanzetti are coming in
daily from local unions Of the United
Mine Workers Of America Of West
ern Pennsylvania that are now on
strike.
During the last week the following
locals adopted resolutions demanding
that the Governor of Massachusetts
release the two labor leaders: Local
524 of Harwick, Pa; Locals 1856 and
1881 of Avella, Pa; local 1894, Cedar
Grove, Pa.
A number OF fraternal societies Of
Avella and vicinity also adopted Sacco
and Vanzetti resolutions which were
forwarded to Governor Fuller.
BUFFALO.---A Buffalo Sacco and
Vanzetti Committee, organized to pro-
test and arouse public opinion against
the execution Of these two Massa-
chusetts labor organizers, was or
ganized Tuesday night at 732 Bris-
bane Building.
Delegates representing various la
Dor, church and other organizations
and individuals were present. The
following officers were elected:
chairman, James c. Campbell, Of the
Molders' Union; vice-chairman, James
Battistoni Of the Socialist Party; Her
bert Benjamin, Of the Workers Par
ty; William Shainack Of the Amalga-
mated Clothing Workers and Martin
L. Sporting Of the Marine Transport
Workers; financial secretary, Frank
lin p. Brill Of International Labor De-
Tense; treasurer, Eustacc Reynolds,
attorney; secretary, Rev. Herman ].
Hahn, pastor of Salem Evangelical
Church.
Plans were adopted calling for
large mass demonstration to be held
Saturday afternoon, May 7th, the ex-
act time, the place and speakers will
be announced later.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-04-28
The Certificate Drive.


The Honor Roll of the buyers Of
the One Hundred Thousand Dollar
Fund Ron Call Certificate is growing
rapidly but not fast enough. Hun
dreds of dollars are coming in daily,
but the thousands are missing. The
office staff is overworked receiving
money, but if necessary, longer hours
will be arranged to accommodate the
certificate buyers.
A new twist in the certificate stu
alton is that originated by many work
ers, who are buying certificates in
honor of their children. These are
being framed and preserved for the
future as a memory of the great
struggle now going on in the unions.
This is something that should not
be overlooked by the mothers and
fathers, who realize that the fathers
Of other children are now spending
their time in Jail. MAKE THE ONE
HUNDRED THOUSAND DOLLAR
FUND GROW.
A Letter From Montreal, Canada.
1861 Henry Julien,
Montreal, Canada.
Please find enclosed $1,000 for
your very worthy cause. Friends,
carry on, we are with you and will
do our very best to help you to a sue
cessful end. We have already sold
several $1,000 books that was sent
to Mr.. Berger here, and we will do
our utmost to sell the one which you
sent to us. Please send receipt to
the above address.
Yours sincerely,
w. ELBAUM.
New Britain herald., 1927-09-27
WAGNER SEARCH ENDS
Police Rewarded With Capture Of Suspect of Murder of state Trooper On September S.

1 Belmont, N Y. Sept. o7 tPl-A
 search of two weeks that led through desolate swampland and mountain woods was at an end today as Will mot Leroy Wagner was lodged in 1 jail here charged with the murder of ! state Troopers Robert Roy and Ar ! hold T. Rasmussen at Cancadea Sop
 tembcr <. last.
 Wagner was captured near Gaines, ! Pa. by two troop comrades of the slain officers who had doggedly fol- lowed a trail that led through New York and Pennsylvania.
 It is expected that disposition will be made promptly of rewards total
 ing $4.25O which had been offered for
 the capture of Wagner. Governor
 smith offered S2,000 on behalf of the state. the county of Allegany $l.00o, members of Troop A of the state police LOGO, and the western New
 York bus lines of Batavia $25o.
 Corporal George SouthWorth and Trooper Polaslli. who captured Wag- ner. had been working for three days preceding the capture. They had re- ccivcd a tip that Wagner was work ing on q farm near Gaines and watched tn" suspect carefully so as not to friGhIon him off. Wagner at
 first denied his identity, but when he was taken to the homo Of Sis ter. Mrs. Hughes. at Tioga, Pa, both finally admitted that he was the man wanted.
New Britain herald., 1927-09-27
Y RUM SHIPS IN
 SUCCESSFUL TRIPS
Canadian Liquor Dealers Have
 Good Year

Philadelphia, Sept. 27 Pl-Can- adian rum runners have sent ig ships laden with liquor to the United States within the last year. according to M. J. Long. former wireless operator on Inc steamship Iackamas and now q federal prohibition agent.
 All but two of these ships. the 'lackamas and Bulko. Long says. have succeeded in landing their car goes valued at millions of dollars. Both the Clackamas and the Bulko were captured after having landed part Of their Cargoes al Newark, N. j., The Clackamas was seized last February and the Bulko about two weeks ago.
 Long came here yesterday in an at tempt 10 identify four members of the crew Of the Bulho who were 10 have q hearing before fed com- missioner, but who failed to appear. torscIting their bail for the second time since they were arrested on September 10. Twelve other mem hers of the crew, who jumped" their bail after their first hearing, are also at liberty.
 The liquor seized by customs off ccrs when the Bulko arrived here, was only about one-fourth of the original "$2,0O0,00o cargo" Long told local authorities, the remainder, he said, having been unloaded at Newark.
New Britain herald., 1927-09-27
CONFEDERATE OFFICER
 GOES INFO BANKRUPTCY
Lists His War-Torn Uniform Among His Assets-Naluc Placed At
 S25-Liabilitics Many

Waco, Tex, Sept. 2 LP-"Ore old Confederate uniform" This phrase is listed in one Of the most unusual bankruptcy petitions ever filed in the federal courts here clerks said today. The petition is that of Col. Felix Robertson, Of Waco. the highest ranking officer Of the Confederate army living to- day.
 Colonel Robertson. in a lengthy petition shows that his liabilities have outrun his assets by far in the declining years Of his life and states that the only way out is this peti- tion."
 Listed in the petition are certain items which must be described and the value given. Under the claus, of uniforms, the colonel listed the following:
 One old Confederate uniform. a symbol of the storm tossed nation that fell l wore it with fidelity and honor long ago in the brave days of my youth, and now in the eve ming Of life. let me say that l fought for the cause. I believed right. ac- cepted the arbitrament Of the sword in good faith and for sixty years my flag has been Old Glory. Long will she wave over the land of fhe free and the home of the brave, be- cause the sons of Lee and the sons of Grant stand for one country, one flag and one cause-value s25.'
 Colonel Robertson was made hon. orary comma nder-in-chio of tn" Confederate veterans at the last re- union.
New Britain herald., 1927-09-27
Movie Balcony Collapses
 In Argentine, 70 Injured

HU"NoS Nres, Sopt. I7 Pl-Sov- enty persons were injured when the balcony Of d motion picture theatrr Ut Goya. province of Corricntcs, col lapscd during the performance. Few Of the audience, mostly women and children, were seriously injured how ever. The collapse came when the columns supporting the balcony gave way, hurlIng its occupants upon those seated beneath.