The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-01-13
Hoover's Building" Program
Fades i'm Economic Crisis


In 1928 Hoover things all in the
event of the impossible" crisis of capitalism.
sponsored proposal $3OOOO0OOOO
which available disp the
and decline capitalist horizon
VIM Green always quick to swallow the Hoover at that time
announced his complete with the Hoover plan
At his conferences with the leading business executives in the
latter 1929 Hoover repeated that quick of
building public industrial would end the
threat crisis the capitalist filled with endless
figures of proposed building projects.
Months have passed and what the facts?
Not only did building decline 2 cent during 1929 (the
which the mperasts claim with the exception of few months
years postwar prosperity
building increased especially form since the
of Hoover and the echo of approval by Green and the
socialist" party.
says building awarded
December permit values in 215 cities were the lightes in
below the like month For the
calendar the total permitted for value in 25 cities was the
smallest since 1922 the decrease from 1928 11S cent
decline from the peak year, 1926 24s cent"
the month when there usually is rush of building
contracts for spring building All the big projects are planned the
decline building activity during the next few months
very Interesting ,s to note that n nps
with activity The big capitalist financial
the Annaist on Jan TO- in an article entitled Building Activity
There also sharp decline in the . average daily
value of contracts awarded for public work and utility conuc
In the same article the Annalist adds
The December decline was probably an unpeee-
spite figures published by Hoover Barnes and
building the sober facts of the real estate
that this capitalist
fering slump than its basic industry STEEL
the sharp drop in building activity well as
production will its reflection keeping steel
production down to its lowest point in SO years
Speaking the drop financing of building projects the
Journal Commerce (Jan. 1D declares:
real financing in 1929 declined
the lowest level five according to statistics compiled
by the Young Baker Co. of Chicago specialists in real estate
nd corporate financing.
mortgage bond and stock offerings during
year. stated aggregated but s521136OOO decline
approximately the 1928 total of s217 $4,000
a of than $780,,
in the volume of realty bond issues
Even now nearly involved in the building
trades industry unemployed There 100000 workers
is at least 100000 Weeping" Walker president Illinois Fed
GRAFTON Labor admits the majority Of the building trades workers
the Cleveland building trades council admits the same fact for
Cleveland.
Writing in the Cleveland Citizen Labor" paper, Nc
Laughn string the union members along this fashion,
I've naturally feel DISCOURAGED at the lack of employ
the time but the workers of Cleveland certainly
have to look forward to than the same class OF oers IN
other large cities
This baderdash The situation in Cleveland is precisely the
building activities will keep s to 50 cent of the Cleveland
building trades workers out of work for 1880 just well as the same
class in other large cities
specially privileged building trades workers suffering
They have been led to believe by the takers
in the collaboration and reliance the bosses
would make everything rosy Even during the crisis they were prom
ing and the of the Hoover sSoooooO building pro-
gram dream
Of unkied workers industries They expect only
betrayal from the msead in the building trades unions whose rst
Building Trades section of the Trade Union
Unity the dependence for militant fight on
building trades workers. must sharply quicken It's pace
begin the struggles of the building trades workers who
srefa with drastic cuts.
after his conference with Hoover that he would
call no that he and the other labor takers present Tex
pressed their individual that would be unwise
to demanding increases wages The
building workers will recognize this aheros contract
slavery.
The same bosses agreed with that strikes and
unwise" at this time the first to institute 20 per
cent wage industry in Youngstown and elsewhere
They preparing drastic cut for the building trades work
ers attempting by all it's power defeat the re-
Of workers But the growing mlitancy and fghtng
shirt in crisis being organized for es
against CAPITALIST leadership of the Commu
mist Party the Trade Union Unity League
possible enlistment of workers
Party help put into action It's pro-
gram crisis unemployment and wage cu the
necessity of the hour.