The Waterbury Democrat., 1935-06-12

An audience of approximately 2Oo, with several tables of women, heard the principles of the Crusa- ders expounded at dinner and or- ganization meeting, of the group at the Elton last night. There were no officers elected last night and no contributions accepted. but it is epected that another trip back to the city to organize a local unit will be made later. New Haven and Bridgeport have Crusader orr ganizations.
 The speakers said Waterbury is the 10th city in New England in which the Crusaders hope to form an organization. They explained they selected the 10 largest cities in New England in which to set up units.
 The speakers, including Fred c. Clark of New York, national presi- dent of the Crusaders, and Sher- man Rogers, ex-lumberjack, for- mer newspaperman and now editor of a magazine published in New York, said the aim of the Crusa- ders is to bring back prosperity by restoring confidence to business men and placing back on the pay rolls the ten million unemployed.
 Meeting Protested.
 Before the dinner got underway at the hotel. several members of the local Communist party picket ed in front of the hotel. carrying placards reading: We protest all forms of Fascism"; "The Crusa- ders are the enemies of America; Flight Fascism with a united La- bor party of all workers"
 Thomas F. Moore, trust off, cer of the Citizens & Manufactur- CTS National Bank, was chairman of the meeting.
 MT. Clark traced briefly the his-, tory of the Crusaders, explaining it was formed originally to bring about the repeal of prohibition and that was accomplished, the organi- zation remained dormant. He said it was started again because of the growth in this country of Com munism, Fascism, radicalism and demagoguery.
 The speakers frequently men tioned the Crusaders were not political organization.
 MT. Clark said the aim is to de- fend constitutional liberty, to seek the truth regarding our economic condition and spread it. we be- lieve," he said, "in the profit sys- tenn and fair wage system, such as will create purchasing power necessary for the prosperity of all."
 Aims Outlined.
 Mir. Clark outlined the aims of the Crusaders thusly:
 Opposition to political dictator ships; opposition to the federal government competing with pri- vate business; opposition to the Wheeler -Rayburn public utilities bill; opposition to the central bank bill not advocacy of government regulation of banks. With regard to the last he pointed out that 1t would mean mot government control of the banks but political control, as the president could ap- point the governor of the Federal Reserve banks and discharge him at a minutes notice. and under 1t the government would become its OWh At6 OWh lCHuCt Ou Atc own terms. using the depositor's money. with the public paying the bills."
 Delay Due to Fear.
 MT. Rogers, a fiery orator, who admitted having addressed over 5000 audiences during his check cred life, declared that if business, could put aside its fears of confis- catory legislation at Washington. market waiting for capital goods would put back on the payrolls 13 million workers, once that, market began to be filled. He gave as an example, the railroad industry.
 Railroads in normal times pur- chase 1,S00 new engines @ year. In 1892. there were only three bought, MT. Rogers said. A soon as confidence returns every locomo- tive plant in the country will have. to work full time for 15 years to catch up. MT. Rogers said Public Enemey No. 1 is the man who breaches hatred and raises one class against another. When people follow the wrong leader it is be- cause the right people do not put the right stuff on the hall. We're not backing Morgan. Rockefeller. or Mellon. but will fight them as quick as the Communists. We have just one job that is to get 10 million men back on the payrolls, and there is only one way-get business back on a sound basis.
 Mir. Rogers stated the banks 'are not holding us back, nor is business because 1t wants to. Banks are lending money to the govern ment at 1-1O of l per cent. They would not do that if they could get 6 per cent for their money. About 47 per cent of the nations machinery Is obsolete but business men won't replace 1t while the government tampers with the dol lar. There is a need for IS billion dollars worth of new machinery which would keep four million ad- ditional met working for the next 10 years. but 1t won't be ordered until the business men are assured of what the government is going to do next. The country Is on the eve of one of it's greatest prosperity booms."
 New Equipment.
 The speaker pointed to the neeV for new equipment in every line of business in the country. stress. ing tho electrical branch and the