The Waterbury Democrat., 1935-09-04

tistics for 1882 reveal that over 53% of the value of all assets owned by corporation was owned by SIS corporations, constituting only 0.2% of the corporations. or all corporations, 67.6% held only 2.9% of the aggregate corporate assets. Five percent of the cor porations owned s59o of the cor porate wealth. Nice healthy condi- ton indicated here for the small business enterprise!
 Of all net income corporations in 1892, 50.4% went to 201 corpor- ations, which was only 0.3% of the number of corporations having some net income.
 Comparison between the figures for 1926 and 1892 indicate 8 de- cided trend of concentration of corporate wealth. In 1926, 1.7% of the total number of corpora tions reporting income accounted for G9.8% of the total net income. In 193R 1.1% of the total number of corporations reporting net in- come accounted for 72.6% of the aggregate net income for that year. It appears from reports like this that the small business man is fast being relegated into the same boat with labor and with professional people. All are slowly being forcibly appropriated from their possessions The mills of capitalism may grind slowly, but inexorably the middle class and the petty capitalists are ground in to the grist of that class known to Marxists as the proletariat; to the laissez -faire school of economists as the commoners or plebes.
 I've have no profit system" says MT. Clark, but a profit and loss system" I suspect that MT. Clark has purloined that phrase from MT. Stuart Chase's article in the CurreKt History Magazine, March, 1885. At any rate MT. Chase's use of the phrase has been twisted so that MT. Clark's hearers are ex- pected to draw differences there- from diametrically opposed to the message given by MT. Chase. If we have no profit system 1t is strange that so vast majority of our business men plead guilty to the charge that they are engaged in business for profit! Few of them would be hypocritical enough to claim that they were in business for the purpose. of mourning n loss!
 If losses ARE incurred 1t is be- cause of the fdllacies and organic weaknesses inherent in the com petitive struggle for. the free mar ket. It was not 50 many years ago that capitalists and their stooges, the economists of the classical school, were vociferously shouting that competition is the life of trade" Today we hear nary a peep from them on that score. They are all monopolists who have learned during the past six years of competitive chiselling and the resulting anarchy, that competi- ton brings in its wake attempts at government regulation and the danger of collectivisim. That Is why the Crusaders pull the strings
 which cause their puppet, MT. Clark, to dance to the tune of Fascism; or as that gentleman euphoniously calls it--"Class Co., operation" .,,,
 He will have achieved his end when. and If. the principle of class cooperation has been adopted. in. voluntarily, and the corporate State emerges as the full-blown expression thereof. We shall have, then, as a nation gone the way of Hitler and Mussolini. As individ- uais the mere tools of the mon- opolies, camouflaged as the State. Why not write to the Crusaders, Box "A. Waterbury expressing the appreciation felt for their tender solicitude for our welfare. Just say, "Aw nuts"
 BALD HEADED.