Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-05-31
TRUCK STRIKE
is SETTLED
Governor Floyd B. Olson
Plays Large Part to
Bring Peace.
Investigation Shows Ban
corporation Spent $4,000
for Lobby.
BY HENRY G. TEIGAN


Republican and Democratic politi-
clans were given two good jolts last
week. These jolts came by way of
settlement of the Truck Drivers
strike in Minneapolis and in the in
estigation of the Northwest BANGOR
poration now being conducted by the
state department of Commerce.
Governor Floyd B. Olson was large
ly responsible for settling the strike.
While the newspapers of the state
had charged the Governor with lndl-
rect responsibility for starting the
strike, none of these papers have
thus far had the decency to credit
him with its settlement. This merely
illustrates how servile Republican
newspapers are to the employer class
and how lacking in fairness they are
when it comes to printing truth from
the point of view of the producers
of wealth.
Olson Deserves Credit.
Any way the strike was settled in
a manner quite satisfactorily to the
workers. and the Governor deserves
the major credit for bringing about
peaceful adjustment of the class
conflict that had ragged in the Mill
City for nearly two weeks. Hereafter
according to the agreement concluded
the employers will have to recognize
the workers in their collective capa-
city and cannot discriminate against
bonafide trades union organizations
representing the latter.
The incorporation investigation
brought out some revelations during
the past week that is causing nc
small concern of this and other chain
bank groups now operating in the
state of Minnesota.
Banco Spent $4,000.
The ''Banco'' was revealed as hav-
ing spent $4,000 for lobbying activ-
tiles at the Federal Capitol. The OBJ
jective was to secure legislation per
hitting branch banking in the state
OF Minnesota. A Mr.. Gardner Perry
was the Banco's Washington lobbyist
The correspondence between PER-!
and j. c. Thompson, president of thu
corporation. showed how intent thi;
powerful banking group was to Sc
cure sanction for its now illegal Sys
tenn of branch banking in the Twill
Cities.
Special efforts were made by tn
Ranco through Perry to line up som'
of the progressive senators in sup
port of legislation to legalize brancl
banking. Among the senators WORKED
on were Blaine of Wisconsin, Norbacl
of South Dakota, and Long OF Louis
ana. Other senators who seemed OBJ
stinate from the Banco's point of view
were, Shipstead of Minnesota, Frazie
of North Dakota, and LaFollette Q
Wisconsin.
ReactiOnary Senators Gave Aid.
But there were plenty of senator
giving aid to the Banco's propose
Among these were Waterman of Colo
RADIO. Glenn of Illinois, Watson an
Robinson of Indiana.
This fight for the legalization
branch banking took place during tn
latter part of the Hoover administrs
ton. 1t is an interesting fact tina
three of the branch bank advocate
named above were eliminated at tn
November 1882 election. These wei
Waterman, Glenn, and Watson.
Two other things that the invest
cation revealed were that the Bant
group gave no aid whatever to tf
farmers, and that university profe
H.. ,,,~ln n
the powerful banking groups in the
efforts to put over the kind OF legl
latiOn they wanted.
No Aid for Farmers.
In a speech made at conferent
of banks affiliated with the Bant
some time ago, E. w. Decker, the
president of the Incorporation, adv
Gated making no loans to the farmer
eff a farmer is no good, he mlgl
As we'll get out" he said. 1T is
case of the survival of the fittes
And do not propose to hold an un
brella over = the farmers"
The professors were hired to wri
namphlets boosting Banco's legisl
tive plans. incidentally too, Cart
Glass. democrat from Virginia al
chairman of the senate banking al
currency committee, allowed Mr.. Pc
nv to frank out (withOut payment
postage) a letter prepared by hir
self and Rudolph Lee, writer on Il
Minneapolis Journal and head of sc
oral banks in the northern part
the state.
More Hearings Next Week.
The investigation will be resum