The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-05-25
BIG BANKING sWINDLE EXPOSED

we do not care about giving Pack Rat" Heating,
editor of shake down sheet called Labor published
In Washington too much publicity. We know that
when paper with the national reputation for truth
and honesty such the Producers News is notices
scalawag of this type his stock is boosted and he
flashes in the publicity he receives "Pack Rat" is
not of sufficient Importance to receive notice in the
editorial column of this paper but still we sometimes
have to use crooked politicians and obscure individuals
to point a moral and adorn a tale"
But the Railroad Brotherhoods are of a different
type. The Big interests have succeeded in inducing the
Grand Chiefs of the transportation workers to ask the
people of Montana to vote for a candidate who is
known stoopigeon of the Anaconda Company and
whom the progressive farmers and laborers of this
state have long since found out
The chief of the railroad brotherhoods are the Loco
motive Engineers. The Engineers have banks and in
vestment companies and when they take stand on
any question the other brotherhoods follow their ex
ample. Even in labor unions the worship of the man
or organization with the dollar counts Despite the
fact that the chief of the trustees of the Engineers
bank in letter to the editor of the Producers News
points out that the Locomotive Engineers Brotherhood
has nothing to do with Pack Rats Labor" since the
last convention the fact remains that their Grand Chief
participated in convention that Endorsed candidate
who acted stoolpigeon for the Montana Power Com
pany.
For over three years the Producers News has beeR
in possession of information showing that gang of
swnders had obtained control of the bank and invest
ment companies of the Locomotive Engineers. This
information placed in possession of progress
sve members of the Engineers with the result that
at the last Convention of said Broherhood the crooks
kicked out of office and the Board of Trustees
put in control of the looted concerns.
We did not publish the important documents that
figured in the sensational readjustment in the banking
affairs of the Brotherhoods at that time because of
the close ties that binds to organizations of labor
We did not want to embarrass of high and lofty
aims who had been led into the morass of crooked
finance by designing men.
Events have happened since which showed we were
wrong in cur policy in this matter We should have
given the world the facts situation which miIitat-
ed against the progress of the labor movement in this
country. Whenever great swndle is being attempted
on the toiing it should be ruthessy exposed
This is our firm belief now; it should have been ouy
policy then. When commit an error we admit II
In this weeks issue of the Producers News we are
beginning the publication of series of articles which
played an important part in bringing about chance
OF management in the financial institutions of the To-
connective Engineers These articles are written bv
close student of economic and political problems n
the United States. They based on series of af
hdavits obtained by friends of the Producers News
These articles by Mr. Sotis published in the Pro-