The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-03-02

| tCONbfnueu rom rage One|
were invited to reorganize, to
come into other local unions. :.
! court minutes, pages 10 and 20.)
Simple, isn't it?
Right Wing Invitations"
The left wing called the strik,
(the Right wingers were, of course
innocent of any such dastardly act
and somehow an "estrangement'
occurred. And since several loca
unions had stopped paying dues, the!
were disorganized and the member
invited" to enter reorganized locals
Hillquit failed to mention that tn,
members were "invited"-with black
jacks and lead pipes. Hillquit'
pretty little fairy tale was simpl!
woven out of whole cloth. The LEI
wing locals were expelled befor,
the strike was over and they stopped
paying dues after they had been ex
PEELED. The reign Of terror instituted
by President Sigman, of the Inter
national, in order to break the strike
and gain control of the Joint Boart
all done at the advice of Hillqui
lis still too fresh in the memorie!
of thousands of cloak and dress
makers to be dispelled merely be
cause a wealthy socialist" lawyer
tells a few brazen lies.
Hillquit Lets Cat Out of Bag.
But even Hillquit had to come
out with the truth at last. When his
tool, Frederick Umhey, was unable
to answer Lawyer Boudin's embar.
RAISING questions concerning the sale
of the shares and Hillquit was put
on the stand, he was compelled tc
let the cat out Of the bag.
Hillquit: The facts with respect
to the sale Of the 900 shares of the
bank stock were as follows: there
was an offer by an outside group
to purchase that stock at larger
price than S195, but the bylaws
of the bank contain provision
to the effect that no stock is to
be sold unless notice of such pro-
| posed sale be given to each and
every stakeholder, stating the book
value Of the stock, and that the
first stockholders or group of
stockholders offering to purchase
the stock ct such book value be
entitled to so purchase it. They
proceeded in accordance with this
| provision of the bylaws. They
gave notice to every stakeholder
of the fact that it is proposed to
sell 900 shares Of the bank stock
and that the board of directors
had fixed the book value at S195.
The Joint Board lie, the fake
Right wing Joint Board.-Ed.),
/ which was stakeholder, was the
first one to accept this offer by
registered mail. There was no
other offer, and consequently 1t
had a right to sell this 900 shares
! OF 1876. They in turn sold it to
| the outside group and made the
difference, which they used for
| union purposes.
Boudin: I thought there was
something about it | ought to
| know.
| H: Any more questions
| B: Yes, sure. Now, Mr.. Hillquit,
who was that outside group that
/ you are referring to?
H: A group consisting of a num-
Der OF persons represented by one,
Walter Jeffreys Carlin, as attor-
ney.
B: Do you know what the offer
was that they made?
H: Let me see. 1t was upwards
of $500 per share.
b. Upwards Of $500 per share,
and they offered to buy it for
that amount, $500?
H.-What?
B.--They got it for that price
they got it for that price, the out.
| siders?
H.-They got it from the Join,
Board at that price.
Bid the Joint Board pay fol
lits
H.--Tns Joint Board paid for it
BLOW did 1t pay for It?
H.--My recollection is we got the
money from the outside group
which paid more than 1876.
| BAT any rate, what was tn,
price that the outside group paid
H.--Well, now, I have said |,
was 4 little upward Of 500. / thinl
it was about $40. I am not quite
positive about it OF this time. (Cour'