Evening star., 1927-05-08
DECLARES RADICALISM
LOST CAUSE In AMERICA
Former Red Agitator Holds Prosperity
of Laboring Class Is Dealing
Certain Defeat to Isms.

: But" / asked. "wiu this prosper.
| ity continue indefinitely in the fu-
ture?"
Yes. The evidence of our present
| prosperity is amazing. one has only
to look the facts in the face to see
at once that radicalism is striving on
very infertile soil. l can point out
many such facts. Today in America
we have So per cent of all the auto
mobiles in the world-20 900 600 of
/ them rolling over our roads every
| day-one for almost every American
| family, rich or poor.
| I'VE have 63 per cent of all the
| telephones in the world two-fifths of
| the worlds railway mileage. We
| have the greatest per capita wealth in
the world
I'VE have the richest farm land in
the world.
I'm nine basic products of the
worlds industry--iron, steel. wood.
coal copper, etC.-AmeriCa furnishes
| the world with over 80 per cent of its
yearly supply.
| Laborcr Well on
1.-THE American laborer is twice as
well off as the German worker. five
| times as we'll off as the Italian lab
orer, two and one-half times as we'll
! off materially as his British rival.
"Ethelbert Stewart says the Ameri-
can people spend more on their pleas
ures than all the rest of the people
of the earth spend on the necessities
of life. exclusive of food.
1T is rather impressive to reflect
that % years ago American work,
men labored from 10 to 16 hours a
day. Today the eight-hOur day in in
dustry has been established, and the
five.day week is coming on fast. 1t
is equally significant 10 know that
back in 1904 the wage of the average
American workman was SAT- year.
while in 1925 it was $l,2SO.
Every boy and girl in America is
getting at least an elementary educa.
ton. We are spending over 50 $780,
100000 year i'll education in Amer
lea. In few years a college degree
VIII be as common as a high school
certificate was in the last generation.
People Own Utilities.
''And look at the way the so-called
common people are becoming capital.
lists. Not so long ago the great Van
derbilt boasted that he owned 81 per
cent of the stock of the New York
Central Railroad outright. This pre-.
cipitated a legislative investigation.
Today the New York Central Railroad
mas over 4U,uOO owners, and the
largest stOckholder owns only per
cent of the total amount of stock.
Our public utilities are now owned
by over $4,000 900 people The Stand.
ard Oil Corporation, which was once
controlled by six men, is now the pos
session of hundreds of thousands of
stockholders, and in the great Stand.
ard Oil Corporation of New. Jersey
the name of Rockefeller is listed as
owning only fractional part of the
stock. The Great Northern Railroad
which used to be a sort of trade name
for James Hill, has now been captured
by an army of investors, and among
the 10 largest stockholders the name
of Hills son. who is president of the
road is entirely missing.
Note the tremendous trend to build
financial institutions by and for the
so-called working people. Banks. trust
companies and other financial institu-
tions with hundreds of millions Of
capital are now controlled by various
! laboring organizations. The Iaboring
man as an organized unit has entered
! actively into the field of finance.
Let us look into the average work.
mans home. A radio. a telephone, an
automobile in the garage. a piano and
books. His son and daughter at
school. Where in all the records of
human life has there ever been
achieved such a magnificent record of
material accompishment-all bostered
up and fortified by old-age insurance
and accident insurance-the beginning
of a period of gigantic social insur-
ance such that life will become less
gamble and more a safe investment"
tCopyright 1927