The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-07-02
DEFEATING Trade Union Capitalism in the Brotherhood
Of Locomotive ENGINEERS

OF Locomotive Engineers
period is over for the Brotherhood of Locomotive
Engineers and while is too early for be able
innate accurately the extent of the damage done the theory and
practice of trade union capitalism in the American labor
ment whole is obvious that has received blow
The Cleveland Brotherhood bank the daddy them
ALL Organized 1920 with capital $1000OO0 had at the
end of 1925 deposits otang $2644496 1t the shining
example to which the ocadom of other unions pointed to in
spire their followers to and do likewise.
Brotherhood parent Cleveland
institution had banks in Hammond Ind Nottingham Ohio Three
Forks Mont Boston Portland Ore Birmingham Aa Spokane
Wash Philadelphia, Tacoma, WASH Seattle Wash.
Labor investment companies organized follows:
Brotherhood Holding Company, Cleveland Brotherhood In
vesnent Company Cleveland Pacific brotherhood Investment
Company Portland Ore New York Empire Trust Company nc
Brotherhood of Locomotive Engineers Securities Corporation
New York City, Southern Securities Corporation Birmingham
another securities corporation Philadelphia the California
Brotherhood Investment Corporation San Francisco.
The total capital of the institutions was S2 The
total capital of the Brotherhood banks approximately $4
100000
Brotherhood bought operated three in
the Kanawa district of West Virginia and Kentucky These
enterprises capitalized $300oo00 The
fused to agreement with the United Mine Workers and
long controversy ensued.
will be that the total capital concerns
organized the Brotherhood figures $780,
000000-no figure for wealthy America.
Brotherhood Cleveland convention
the policy trade union capitalism represented by the
liquidation of the union machinery by which operated
therefore event of major significance for the American labor
movement
financial enterprises Brotherhood dsas-
ous failures the pan spite of the huge sums of
liquid capital at their disposal and the magnitude of their opera
tons.
The failures occur-and this is of additional mpor-not in
period of depression but in period when the expansion of
American finance and industry has astounded the world
The theory of the officials who put the gigantic frauds
the Brotherhood membership that the class struggle
nonstent and that by becoming capitalists members of
the union could solve all social economic and political questions
for themselves Said H. v Boswell president of of the
Brotherhood's New York enterprises
Instead of standing a soapbox screaming with
because the capitalists real estate bank accounts and
automobiles the engineer has turned and become capitalist
himself Now stands to reason doesn't it, that such won't
start to destroy property ruin big business?
Why only last spring bought substantial interest in the
Empire Trust Company of New York City If you could have
SchWab Hecksche and the locomotive seated
around the directors table, you'd have recognized the whole
entirely in what used to be called fight between
capital and labor" Emphasis ours)
This does sound quite well in the light of
velopments The Substantial interest in the Empire Trust
Company had to be pedded at runous discount order
unreliable commodities and according the latest reports the
delegates to the Cleveland convention aho they did scream
with rage at the capitalists did plain and profane
talking the faaared officials who had cajoled
into the smelly
There will be heavy thinking headquarters
of the American Federation Of Labor result of the Brother
hoods action The union membership will view with cold eye
the and varied schemes which in force and
preparation for usherng the of trade union capitalism
Coupled with the recent refusal of the Watson Parker law
mediation board to grant an increase to ranmen and conductors
IS western railroads. and the open advocacy the 0hour day
by B. O. Willard the archaposte
operation the Green's VOLS Iewses and others trade
circles certainly will he sings and
rageous fortune" which American capitalism hur
covered heads just at the time when they doing their
smash the Communists and the left wing whose spokes
have been telling American workers for that safety
and strength lies militant trade union organization
political party of workers and farmers struggling the
basis of the class divisions society for the seizure
exercise Of power by the working class.
Trade union capitalism has been placed defensive and
It's advocates be exposed effectively ever be-