The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-08-10
THE PRODUCERS NEWS

stockholders" This is certainly master stroke
Under this rule Webb and Paddock, by virtue of
their influence and position, may appoint as directors
of the Pacific Brotherhood Investment Company,
whomsoever they please and nobody can stop them as
things stood then Thus it is possible for non-stock
holders to manage the affairs of the company by vr-
tue of the powers granted to Webb Paddock and Com
pany under the clear provision of the articles of in
corporation and bylaws which are uniformly drawn
up to comply with the articles of incorporation as we
have SEEN
1t simply staggers the imagination to endeavor to
fully grasp the legal foundation that Webb and Pad
dock have laid on which this stupendous fake is rear
ed, IN the name of Labor and Cooperation Truly TO
paraphrase a historic epigram, can say: "What
crimes are committed in thy name, o Labor!"
ORGANIZATION TACTICS
1t appears that at the very outset of the organiza-
ton of these so-caled Labor Banks on the Pacific
coast considerable dissatisfaction cropped out on the
part of sections of the B. of L. E. with Cass
Merrick and Company. They could not quite assure
themselves with respect to their bona fides Since
these gentlemen were absolute strangers to both the
OF L. E. and the labor movement generally the suspi-
cion was quite natural and justifiable 1t had Of
course tendency to slacken up the work of Cass
Merrick and Company, who could not tolerate such
suspicious atmosphere Therefore they appealed for
help to their masters in Cleveland Mr. Geo. T. Webb
who was vice president of the Brotherhood Bank at
Cleveland and directing head of all the brotherhood fl
nancial institutions, fortified their position with the
following letter.
(Photostatc copy
VIM B. PREMIER, Warren S. Stone, Geo. T. Webb,
Vice President President Vice President
and Cashier
Brotherhood of Locomotive Engineers
COOPERATIVE NATIONAL BANK
of Cleveland
Capital $1,000 100000
April 81, 1924
To the
Chairman of the Organizing Committee of the
Brotherhood Cooperative Bank at Portland
Brotherhood Cooperative Bank at Tacoma
Dear SIR
This letter is for the purpose of conveying
to the position of Cleveland with reference to the
attitude of the Cleveando Brotherhood Investment
Company and the Cleveland Bank on matters affecting
the Pacific northwest.
Mr.. Cass, the vice president and operating
head of the Brotherhoods Cooperative National Bank
of Spokane, has been delegated by to represent us
In the northwest field and he is thoroughly conversan
with our wishes and fully empowered to speak for
on questions regarding the up of banking OPP
erations in that territory far relations with
them concerned. Mr.. Cass has had an abundance
of experience in the banking field, is sympathetic to
our cause and is thoroughly familiar with the Cleve-
land organization We have every confidence that he
will give you able assistance.
You readily understand that we cannot
lend the support Of Investment Company or our
affiliated institutions to any movement we have not
Ns.- --Shlssa checked andas~-~ ultimate
Staollty and success We shall rely on Mr. Casss re-
ports regarding development of your immediate situa
lion ana shall guage our support upon your co-opera
ton with Cleveland through representative
Yours very truly,
George 7. Webb,
GIWV Vice President.
Note this: eve shall relv on Mr. Cassie ranor+s re-