davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-13
WALL STREET POOLS
BY A POOL MANAeER, As ToLD no JAMES ABELLE.

reactions represents genuine accumu-
lation. Often the investment holdings
of the controlling interests" of a cor
poration are actually only small pro-
portion of the total outstanding shares
Voting control is retained through the
confidence of other stockholders: and
when the issue Is established on an in
veStment basis, there Is no reason for the
insiders" to hold more shares than can
be conveniently carried as an income
investment. But conditions change.
Perhaps the country enters period Of
business expansion, opening up oppor-
tunities for the corporation which rem
der it likely that the stock will rapidly
increase in value. Perhaps merger Is
to be effected, or some huge program of
enlargement must be financed, making
it advisable for the management to Sc
cure full voting control of the stock. 1t
becomes necessary to accumulate
shares for this purpose in the market
know of one operation of this char
acter which extended over period OF
10 months. Over one million shares of
stock were neutrality-suspicious. adj
vancing the price more than 20 points.
In cases of this kind 1t is customary to
secure the services of an experienced
market operator who assumes the re-
sponsibility for making the accumula-
ton at a minimum cost. 1t is a diff
cult job, requiring a man of the utmost
patience and diplomacy who at the
same time is master of all the arts OF
bold market strategy The operator
who managed the million-share pool !
am speaking of retired when the pool
closed with a personal fortune exceed
ing 10 million dollars, all but q few
hundred thousand dollars OF 1t earned
in the one deal.
Rigid Secrecy Essential Factor.
At the time he was originally re-
quested to take charge of the operation
he was very doubtful of the possibility
of success. He made his employment
conditional upon the maintenance OF
absolute secrecy as to the proposed ex-
pansion program of the corporation.
Only eight men were in possession OF all
the facts, and it was agreed that no
others should be informed of develop
ments. Not even the wives or conf
dental secretaries of the insiders" were
to be enlightened Later 1t became
necessary to enlarge somewhat the
circle of insiders" but the deal was
carried through the accumulation
period with the financial world wholly
in the dark concerning the actual
situation.
During the ten months this buying
was in progress more than 100 brokers
were employed, at one time and an
other. in order to conceal the source of
the orders. Needless to say, no bullish
propaganda detailing the affairs of the
corporation was circulated. Selling
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-13
Liberty
Limited
3.25 u. M.
The
Golden
Arrow
4.lB u. Nj.

Lv. Washington 80. AIS Pm.
Ar. Chicago. 1l.0OA AM.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-13
UTILITY EARNINGS UP.

West Virginia Water Service Co., a
subsidiary of Federal Water Service Cor
poration, reports gross revenues Of
S804, 292 for the year ended September
80, 1929, as compared with $770,326 for
the preceding IL months. Operating ex-
penses maintenance and taxes, other
than Federal income tax, totaled $427,-
692 as against $433.O91. Gross income
amounted to $376,60O, which compares
with $337.235 for the year ended Sep
TENDER 30, 1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-13

less than two months the 1899 market
has shown approximately as great q
percentage of decline In stock values
as in the 10 months of 1907.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-13

of 1907, when liquidation started in the
Surinp In what was then known as
"the Silent panic and was not COM
Vleted until the following October. In
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-13
BANKERS, ACCEPTANcEs.

The volume of bankers acceptances
outstanding increased $3.50. 467, 578 dur
ing October, to 81, $40, 1888, 1913, new high
record and comparing with $1,122,7 46,-
88o year ago.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
THOUSANDS DEFY
POLICE terror
IN union SQUARE
.Denounce Injunctions;
failing of Workers

Several thousand New York work
, ers assembled in Union Square Sat-
urday afternoon in a great mass
demonstration against the brutal
ity and strikebreaking activities of
Tammany Hall police, protesting
also the drastic and unprecedentedly
severe injunction granted by Tam
many judges and enforced by Wha-
lens police against the cafeteria
workers, and the savage assault
against the workers children who
demonstrated week ago, when the
police paraders charged into the
Wokers' Center and tore down a
sign exposing them.
They demanded the release of Ben
Lifshitz, New York organizer of the
Communist Party, and all working
class prisoners.
Try to Break It Up.
The demonstration was hindered
and interfered with in every way
that could be devised. Police,
mounted and on foot, were packed
around the crowd, driving it into the
smallest possible compass. Negro
policemen were paraded on the side
Of the massed workers, in evident
hut entirely vain hopes of creating
race feeling and breaking the soli-
Continued on Page Tkree)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
NANKINC PLEADS
RED DANGER
Transfer Body of Sun
Yat-sen

SHANGHAI, May 26.-Calling
Feng Yu-hsiang, powerful rival war
lord, a Dangerous radical supported
by Moscow" Chang Kai-shek, head
of the Marking regime, published
what are purported to be documents
showing that the Soviet Government
was supporting Feng. The raising
of the cry of "Red" is aimed at in
suring greater imperialist support.
These documents broadcast by the
Kuomintang news service, are sup
posed to give Feng's plan of at
tack which is to be on two fronts,
one against Peking and Tientsin and
the other against Marking. They are
supposed to show, according to
Chang, that Michael Borodin, for
mer adviser to the forces of the
Chinese revolution before it was be-
trayed by Chang, was to return to
China to advise Feng, that "Mos-
COW" will supply ammunition and
other supplies. According to the
Marking release, these documents
were kept secret until the split had
become inevitable.
While Feng is reported to be mob
ilizing his troops and Chang send
Continued on Page Ta0o)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
Zoergiebel Again Bans
Rote Fahne in Attempt
to Gag Reich Workers

BERLIN, May 26.-The "Rote
Fahne," central organ of the Com
munist Party of Germany, has
again been banned by Zoergiebel,
the social-demOcratic police presi-
dent of Berlin, for denouncing the
brutality of the police and the So
cial-demOcrat leaders against the
workers in the May Dey demon
strations.
The ROte Fahne resumed pub
lication under its own name on
Friday, after a 3-week prOhibi-
tion, and carried a leading article
on the front page entitled, 'The
Struggle Continues" in which it
was stated that ZoergiebePs at
tempt to gag the workers was un-
successful, because the workers
Immediately published the illegal
substitute organ 'ROte Sturm-
fahne." 1t further stated that the
Rote Fahne would continue the
struggle as the mouthpiece of the
revolutionary proletariat until
capitalism and social democracy
will be finally defeated.
Zoergiebel, evidently enraged
at the ineffectiveness of his gag
ging attempt, tried gagging again
yesterday with the ban against
the Rote Fahne. The workers will
again know how to answer Zoer-
giebePs attack.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27

port bulletin 420 Of the U. S. de-
partment of labor) gives their num-
ber as only 376,400.
The convention of the Carpenters
Union of 1926 gives a still smaller
figure, 350,391. At present their ac-
tual number is decreasing steadily
1t must be admitted that there are
enough reasons to suspect that the
present figures of the union are
greatly exaggerated Our pious
American labor misleaders have
more than once been caught elk
ing" figures. 1t is, of course, not
pleasant for them to reveal to the
entire world the steady downward
trend of their organization.
The number Of the organized and
Of the employed is decreasing at the
very time when new, unskilled work
ers are coming in. This is the re-
suit of the chronological develop
ments and the sub-contracting sys-
tenn which prevails in the carpen-
ters' trade. One cannot, in the
course of a brief article, enumerate
all the technical innovations that
have been introduced. 1t is enough
to mention that the electric hand
Continued on Page Four
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
ExecutiveC Committees
of Needle Union in
Vital Meet Tonight

One of the most important
meetings called by the Needle
Trades Workers Industrial Union
in many weeks will be held to-
night when the Executive Com
mittees of all cloak, dress and
fur locals gather at Manhattan
Lyceum, Sc E. Fourth ST., imme-
diately after work. The meeting
is called for the purpose of mob
ilizing for the general strike in
the fur trade.
Ben Gold, secretary-treasurer,
and Louis Hyman, president of
the Industrial Union, will speak.
Another highly important meet
ing will be held tomorrow night,
also at Manhattan Lyceum, when
a general membership meeting of
dressmakers is held. The work
ers will hear a report o. the dress
department, and also help in the
mobilization drive of the furriers.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
By JOSEPH COHEN.
ARTICLE III.

The carpenters trade is one of
the largest in the United States, in
regard to the invested capital, the
number of workers employed and in
other respects. 1t is the largest
trade in the building industry.
There are no accurate figures on
the number Of carpenters in this
country. 1t has been, however, ap-
proximately estimated that their
number is close to 100000. The
economic conditions of the vast ma
iority of this number are now stead
lily growing worse. The reasons for
this are as follows: 1. The speed
up system. 2. New chronological
developments. 8. classification of
the building industry as a whole.
4. The corruption and betrayal of
the union bureaucrats, together with
their persecution of all militant ele-
ments.
Organized Carpenters.
The number of organized carpen-
ters in 1920 were more than 100000,
according to the report of the gen.
eral secretary of the union to the
convention of that year. A later re-
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
RESUME INQUIRY
ON BANK SWINDLE

Moreland act hearings on the acti-
vities of the State Banking Depart
ment under the administration of
ex-Superintendent Frank H. Ward
er, key figure in the Investigations,
will be resumed today at 302 Broad
way under supervision of Moreland
Commissioner Robert Moses. Bank
ruptcy hearings on the Lancia
Motors, Inc, which precipitated the
City Trust inquiry, will be continued
Wednesday before Referee Henry
K. Davis.
No Investigations under the More
land Act were conducted Saturday,
though it is reported that various
agencies were at work collecting
material On specific phases of the
hearing in which prominent Tam
Continued on Page FiUe)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
A. FL. COUNCIL
AT WAR ACADEMY
Green to Lead Labor
Fakers' Review

WEST POINT, N. Y, May 90
William Green, president of the
American Federation of Labor, and
his whole executive council will re-
view the cadets of the United States
Military Academy Tuesday, as fur
ther token of the energetic support
of American imperialism.
Green and the other labor takers,
after their christening of the Amer
lean warship Pensacola last month
seeking for an opportunity to again
praise Wall st. imperialism, have
accepted the invitation extended to
them by Maj. General William r.
Smith.
1t will be the first time that an
executive council of any labor or
ganization here has paid an official
visit to the academy, is an indica-
tion of the close ties between the
labor takers and imperialists.
The labor takers will inspect the
classrooms, cadet quarters and other
buildings, and then witness drills
and exercises in preparation for an
imperialist war which will involve
millions Of workers.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
Bedacht, Foster, Bittleman
Urge Support of Address

Additional received Comrades Bedacht Foster and
additional district organizers of the Com
Central Committee
editors Party publications accepting and endorsing the
Communist the
, mi follow:
EXECUTE DECISIONS LOYALTY, SAYS BEDACHT.
International has been made
delegation
the emphaticaly believe that the de-
International executed loyalty The
membership the Communist
must be published fortw Max Bedacht.
APPEAL FOSTER AND BITTLEMAN.
the appeal issued by Comrades Foster and Be
ma follows:
All Members of the United States
Section of the COmnern:
Minority Delegation have declared before the Com
the COmnn decision
question have pledged unconditional execution of
the decisions. We appeal to you to do likewise.
M delegates have had sufficient opportunity and
International The
exhaustive study of the question
for struggle the
Continued Page Ffve)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
TENANTS PLAN
DEMONSTRATION
AT CITY HALL
Huge Protest Meeting
Demands Extension
of Rent Laws
Pledge Daily Support
Communists to Make
Housing Big Issue

A mass demonstration to protest
against the expiration of the Emer-
gency Rent Laws and the wholesale
rent raises and dispcssesses, at City
Hall for Saturday afternoon, June
l, was decided upon yesterday af-
ternoon at a mass meeting of ten
ants, held under the auspices of the
Harlem Tenants League at Mother
Zion Community House, 151 West
136th Streets.
The hall was crowded with Negro
and white tenants of Harlem who
had gathered to protest the expira-
tion of the laws and the wholesale
robbery by landlords.
Grace P. Campbell, vice president
of the Harlem Tenants League, in
her speech declared that the land
lords had already notified the ten
ants of rent raises, in some cases
as high as so and go per cent, to be
effective June /.
Elizabeth Hendrickson, secretary
OF the League and Rev. VIM. Lloyd
lines both described the unsanitary
conditions and the vicious exploita-
ton of the tenants.
Pledges Daily" Aid.
]. Louis Engdahl, acting editor of
the Daily Worker, said that the
Continued on Page FiUe)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
FOOD WORKERS
TO DEMONSTRATE
Mass Picketing atNoon
Today

Thousands of the militant work
ers of New York, especially the
needle trades and shoe workers who
have had much experience with the
brutality of the Tammany police
who are directly serving the en-
ployers by beating up and jailing
pickets, will mobilize at noon today
for mass picketing in the food strike
and will demonstrate what they
think of the drastic injunction
granted by Tammany judges, which
prohibits the cafeteria workers
from picketing and which tries the
power of police clubs and prison
cells to starve them back to the
slavery of the twelve hour day.
The cafeteria strikers find against
them the united forces of the bu-
reaucrats in the Trades and Labor
Council of the American Federation
of Labor, the police, the socialist
party and its organ, and the judges.
But they are confident of their own
strength, and of the solidarity of all
the fighting workers of the city, as
well as those of every part of the
country and every other land.
100000 Send Greetings.
They have just received radio
gram of solidarity and greetings
from 100000 food workers in the
Union of Socialist Soviet Republics,
Continued on Page FiVe)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
TO Give CANTER
VERDICT TODAY
Fear Conviction: Urge
Mass Protest
Especial to the DaiIy Worker)

tSpecldt to the Daily Wof6efJ
BOSTON, --ay 26.-At $3.50 a. m.
tomorrow morning the sealed verdict
of the jury in the criminal libep
trial of Harry Canter, local Commu-
mist printer, will be opened and read
in Suffolk superior criminal court.
The trial, V aich resulted from the
fact that Canter carried a placard:
"Fuller-mur ,erer of Sacco and
Vanzetti," at an election demonstra-
ton of the Communist Party last
Nov. 3, opened Friday and was con-
cluded Saturday. The speed with
which the trial was rushed thru, the
rigid exclusion of all evidence relat-
ing to the Sacco-Vanzetti case, the
shamelessly biased rulings of the
court and the fact that the jury ar
rived at it's decisions after being
out less than two hours all point to
conviction, wor, ,rs here declare,
and an attemt to railroad Canter to
long Jail term.
l. l.. ID. TO ppeal.
The International Labor Defense,
which is defending Cantcr is taking
all necessary steps, thru its attor-
Continued on Page IWo)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
Iron Workers Expose YeAow
'|F0yUayd'S" Stwkebygaklng
Nearly 1,500 at Enthusiastic M Getting Hear
Report on Progress of Strike

union, issued last night statement
declaring that "the editorial fol-
lowed the strikebreaking traditions
of the Forward and would be inter-
preted as such by the rank and file
of the iron workers"
Rosenfeld's statement follows:
"Much is made in the editorial Of
the fact that one of the delegates at
the Metropolitan Conference was
George Powers, organizer of the
iron workers union. The lying For
ward tries to create the impression
that Powers presence was unau-
thorized by the union. AS matter
of fact, both Powers and zacharoff,
Continued on Page Five)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
Debt. CONFERENCE
FACING COMPLETE
BREAKDOWN NOW
Reich Wants Political
Concessions

PARIS, May 26.-The delega-
ton of German bankers and indus
trialists to the reparations confer
ence continued to refuse acceptance
of the plan submitted by Owen D.
Young tonight, but will have an
eleventh-hour opportunity to accept
the plan for shylocking the German
workers before the conference is de-
clared a failure.
Although some delegates have de-
clared for a break, efforts to reach
an agreement, are still continuing.
There was no indication, however,
that the delegates of the former al
lied imperialists would yield further
on their terms.
The following three points are
said to be the points of dispute:
1. Belgium's separate claim for
indemnity for the slump in the Bel
gian franc, caused by German de-
flation of her currency during the
war.
2. The date on which the new
reparations plans shall take effect.
Germany wants it retroactive to
last April, while the allies want the
present full Dawes plan payments
to continue until January l, 1880.
There was some talk of two-year
moratorium being granted the al
lies.
8. The amount of reparations due
from succession states, such as Ru-
mania, Jugo-Slavia and others
which acquired former German ter
ritory.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27

Under the guise of an attack
against the recent Metropolitan
Area Conference which launched a
new, militant trade union center for
New York and vicinity, the Jewish
Daily Forward, yellow organ of the
corrupt socialist officialdom, in an
editorial yesterday, made a vicious,
underhand attack against the sue
cessful strike of nearly 1000 work
ers under the leadership of the Ar
chitectural Iron, Bronze and Struc-
tural Workers Union.
Expose Lies.
Denouncing the editorial as "both
lying and hypocritical," A. Rosen-
fald secretary-treasurer Of the
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
HOOVER DRY Sham
Barred IN HOUSE
Accident Shows Menace
to Labor in Probe

WASHINGTON, May 26.-Fur-
ther evidence that the Hoover So
called Claw enforcement commits
sion" is not merely for the purpose
of improving prohibition investiga-
tion, but must be primarily intended
to increase, under the camouflage
of a stricter dry law the ease of
framing up workers and the estab-
lishment of a huge army of labor
spies working under Hoover's CEN
tralized authority, was provided by
congress in it's last session, Satur-
day.
The administration steam roller
smalhed cut without a qualm the
only provision in the tariff act now
under consideration by the house of
representatives that would in any
way assist prohibition enforcement.
And that's all the Hoover clique
cares for the dry law. They use it
as a smoke screen for anti-labor leg
islation, but will do noting to in
terfere with the profits from the
moonshining business, the biggest
whiskey distilleries of which have
been long believed to be owned by
Andrew Mellon, Hoover's right hand
man in his cabinet.
Save Moonshine Profits.
The duty on blackstrap molasses,
originally set at 2.19 cents a gallon,
was maintained in the face of the
demand of certain western represen-
Continued on Page TaUo)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
Gil Tries Arbitration
in University Strike

MEXICO CITY, May 26.-Portes
Gil intervened in the university stu
dent strike which resulted in the seri-
out ,wounding of number of stu
dents by the police and ordered
police guards withdrawn due to the
opposition aroused by their brutality.
The president invited the students
to an arbitration conference" All
the students in the university struck
when the law students walked out
against a change in the eXamina-
tions. 1t was denied that two post
office clerks, beaten by the police
who mistook them for students, had
died.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
PLAYGROUND FOR
|. Strike Chill DRE:N

The Children's Section of the
Workers international Relief, l
Union Square, has announced a plan
for the opening of a children's play
ground in Gastonia, N. c. This
playground, modelled after the Vic
tory Playground in Passaic a few
years ago, will be known as the
Union Playground.
Here the children of the strikers
will be taken care of by young
strikers and adults, who will see to
it that they get the best care.
Field Kitchen.
Hundreds of children will come
each morning to the playground and
stay there until evening. The
Continued on Page Two)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-27
Department of Labor Agent and United Textile Workers COpate
Swindle Workers into Going Back with Nothing Gained
RED CROSS TRIES
THREAT ON W.I.R.
Unites with Police to
Terrorize Speaker

GASTONIA, N. c., May 26.-An
attempt to poison the strikers water
supply has been discovered, pickets
here declare. Strikers guarding the
National TeStile Workers Union and
Workers International Relief tent
colony yesterday afternoon seized a
company spy found prowling in the
woods in the direction of the spring
near the tent sites. He has been run
off the union grounds the last three
nights. A blackjack was found on
the Manville-Jenckes Co. flunky.
He was identified as the same
man who sought to enter the home
of Mrs. Ellen May, militant Besse-
mer City strike speaker, at midnight
on the pretext of wishing to join
the union. The water in Mrs. Mays
house was found poisoned in an
analysis just made. 1t is believed
that the company agent had planned,
to poison the water used by the tent
colony.
TO Open Tent Colony.
Ten thousand leaflets are being
distributed throughout the county in
viting the workers to attend the
opening Of the tent colony built by.
the Workers international Relief.
An extensive program has been ar
ranged.
More tents are needed to enlarge
the colony, the w. l. r. committee
stated today. Funds to purchase
them, also food and medicine,
should be sent to the Workers In
ternational Relief, Room 504,~ 4
Union So, New York City. Z
Red Cross Would Hinder Relief
How the American Red Cross .
Portsmouth, Va, attempted to pi
vent Mrs. Inez Rowland, Castor
textile striker, and her three-yei
old child, Thomas, from proceeding
to New York to participate in the'
relief activities of the Workers In
ternational Relief, was told Satur-
day, by Mrs. Rowland in the ma
tional office of the W. l. R.
Mrs. Rowland left Gastonia last
Saturday for Portsmouth, where
picnic for the strikers relief was
being held. After speaking at the
picnic she was to proceed to New
York. After she had been in Ports
mouth a short time, a policeman
approached her and inquired what
she was doing in the town.
Il am a textile striker of the Lo-
ray mill, Gastonia," was her reply.
Continued on Page T10o)