The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1931-03-27
Bank Corruption Is Only Part OF
Capitalist Corruption

gether to be made about the Bank OF United
States, for this will rouse many suspicious on
the part Of the worker depoSitors. No, the mat
ter must be hushed up-but it cannot be, for
the political factions fighting. John D.
Rockefeller and J. p. Morgan, through their
agents, are trying to adjust" the matter. They
want to do good bit of business at the same
time Therefore through Mr.. Steuer on the
one hand, and through Mr.. Rosoff, they are
offering the workers a plan Of investing part
of their deposits, promising them the other part
in cash over certain period. In the mean
time they hope to purchase the assets of the
bank at a low figure.
The worker and small depositors must fight
for the return of every penny from the bank,
which closed its doors as result of the econ
onlic crisis and the criminal negligence on the
part of the state banking department, of manip-
ulators, spectators and crooks They must
fight for the prosecution of every official who is
responsible for their losing tens OF millions Of
dollars. They must demand that the worker
and small depositors shall not lose one penny
Of their deposits They must continue to de-
mand that the state, which, like the U S. gov
eminent has plenty of money for aiding the
capitalists dax refunds, subsidies for the bank
ers and manufacturers but not penny for the
100000 unemployed shall float a loan to pay
back these deposits.
organized into the United Depositors Commit
tee can take it to their credit, organization and
fight that the bankers have come forward with
compromise schemes. Had this committee,
made up Of worker and small depositors, not
put up struggle they might have lost every
penny. But because the workers in this COM
mittee, who part of the army of more than
100000 unemployed in the city of New York
of the army of the part-time workers, of the
men and women who have gone through cut
ting wage-slashes and are working at the most
exhausting speed to make ends meet-because
these workers put up a militant fight. even in
the streets, they were able to compel the bank
ers to attempt to find a way to satisfy their
demands
This fight must be continued 1t must be
taken to the state government, and a demand
be made for the prosecution of the head of the
state banking department. and for loan to
repay every worker and small depoSitor in full.
They must take it to city hall and demand the
punishment of every crook-including those who
sit in high office and are doing the prosecuting
today and pose as the champions of the OPP
pressed, They must demand that all of those
who had their hand in the conduct of the af-
fairs of the bank but who escaped because they
knew in time that the crash was eoming-and
therefore were accomplices In the crime-be pun
ished.
But this demand will be put through only if
the worker depositors continue to organize,
mobilize and struggIe-to carry on the work in
the neighborhoodS and streets. Linked up with
the deep economic crisis that has affected every
working class home, the worker depostors must
fight that the few dollars they have saved shall
not be lost that every penny be returned and
that those responsible for this threat upon their
homes be sent to the penitentiary. This will
be brought about only if the workers learn the
one lesson in all their struggles: they can de-
pend only on their organized mass power to
fight the bosses, their corrupt government and
all their institutions In the Soviet Union, such
men would be put up against wall and be
shot In the United States, they pocket the
millions and tens of millions, and then pose as
the "saviors of society"
The crash Of the Bank Of United States and
OF the thousands of other banks in the country
together with the misery resulting from the
crisis, is opening the eyes Of the workers to the
need of organization and militant struggle