The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-12-14
War Plan New Step
Against Wages
Continued from Page y

eff and When war comes again
to this country" he said, 1--WE must
be in position to act swiftly. We
must not make the mistakes we
made during the World War. Our
plans must eliminate prof1teering.
They must provide that each man,
thing and dollar bear just part
of the burden"
Revealing the objective at which
this alleged anti-prof1t move is
aimed, Baruch declared that his
proposal includes price fixing
which includes everything that Is
sold, including labor"
The Roosevelt move is, therefore,
aimed not only at war mobilization,
but at the wage scale of the work
ers in war industry, the plan being
to militarize the factories, main
tanning starvation wages In the face
Of the inevitably rising prices OF all
daily necessities.
81 a Day Wage
Comparisons have already been
made here between the 81 day
wage Of the soldiers at the front
and the alleged high" wages of
workers in the war industries, the
implication being that workers
wages will have to approximate the
81 a day levels in the army.
Meanwhile, revelations of the
huge profits made by big corpora
lions in the last war were made
today. 1t was shown that every
corporation engaged in war pro-
duction coined tremendous profits
out of the slaughter of the workers.
1t is especially revealing to note
that the companies showing these
huge profits had intimate connec-
tions with the Wall Street clique
connected with Bernard Bsruch and
General Hugh L. Johnson, other
members appointed by Roosevelt
yesterday to take the profits out of
war"
War Profits
The profits were listed as follows,
with 362 per cent profit Of ship
building company leading:
Bethlem shipbuilding Co., 1918,
40 per cent; 1919, So per cent; New
York shipbuilding Co, 1918, Al per
cent; 1919, 40 per cent; 1920, 46
per cent; Newport News Shipbuild-
ing Co., 1917, SO per cent; 1918, Y
per cent; 1919, 10 per cent; 1920,
rs per cent; Bethlehem Loading
Co., 1918, 1852 per cent.
The reports on net taxable in
comes included: American Brass
Co., 1916, s2O,128,312; Bethlehem
Steel Corporation, 1917, s61, 810,017;
Jones and Laughlin Steel Co., 1917,
S48, SIT; Midvale Steel and Ord
nance Co, 1917, $60,454, 765.
It was also shown today that the
plan proposed yesterday by Roose-
welt had been ready in the closing
days of the Hoover administration,
but had not been used.
One of the Investigators for the
commission showed that the U. S.
Steel Corporations profits leaped
from per cent on its investment
as figured by the corporations &C
countants in 1914 to 90 per cent
In 1918, nine months after America
entered the war.
The percentages of income subject
TO taxation compared with the total
capital of some Of the munitions
manufacturers was revealed as fol-
lows.
American Brass Co., 1915, SO per
cent; 1917, % per cent; Bethlehem
Steel Corp. 1917, 43 per cent; Jones
and Laughlin Steel Co., 1917, AZ per
cent; Atlas Powder Co., 1917, 81 per
cent; Colts Patent Firearms Co.,
1918, so per cent: 1917, 81 per cent;
1918, 81 per cent; Midvale Steel and |
Ordnance Co., 1917, 43 per cent;
Savage Arms Co., 1917. SIS per cent; |
1918, 43 per cent; Winchester Re-
peating Arms Co., 1918. az per cent. !