The people's voice. [volume] (Helena, Mont.) 1939-1969, 1949-06-17
SHORT SHOTS
By WILLIAM j. PRIEST
Livingston, Montana


the last one. This statement is I'M
true because of Roosevelt. Remem-
Der we paid 500 for World War |
bonds and we sold them for $82, the
bottom dropped out of the hog, cat
tie and grain market, the banks
closed up and we lost our savings.
Now we sell our bonds at a profit,
the floor under farm products in
sures the farmer a profit, the bank
ers now want the FDIC guaranty
raised to $4,000 from present
$4,000, because they have too many
accounts frozen at the $4,000 limit.
Unemployment has reached post
war high, 3,280,0O0, to be increased
by 100000 students from schools
and universities. This is nearing the
5 million mark which will demand a
revision in our economy. What is
the answer? Go to your library and
read Looking Backward" by Ed
ward Bellamy. 1t was written in
1888, when the profits of insurance
companies were under investigation.
Today, Supreme Court Justice Bran
deis' book "Other Peoples Money"
and Senator George Norris "The
Spiders Web, are "musts" for all
thinkers.
Remember Harold Stassen, the Re-
publican standard bearer of Mime
sofa who said, at was the anti-labor
policy of the United States govern
ment then in charge of the majority
party of the senate that contributed |
to the depression of the late 1925
and buried America into the darkest
economic abyss of our times"
The Taft-Hartley bill was passed
to protect big business against the
strong unions. Let us look at the
profits: 1889 SIS billion;
1910 $6,4OO,000,000; 1941 $9,40O,-
1912 same; 1913 $10,40O,-
100000; 1914 $10,800, 100000; 1915
SO, 700, 100000; 1916 $12,800,000,-
600. In 1947, the year of enact
ment of the Taft-Hartley law, $751;
100000, nearly $6,000,000,000
more than in 1916, and in 1948 $780,
OO0,0O0,000.
In 1913 GIN had gross business
Of $4,738, 100000 and net of $440,-
$4,000 yet Taft and Hartley, Ecton
and Bricker feel that they should be
protected against unions by Taft
Hartley act.
Have you been unable to buy
.ar, price too high, dealer says it's
he high wages paid auto workers.
Record shows that
General Motors asked the Security
and Exchange Commission to APP
prove a $2O,0OO,O00 bonus split
$50 officers and employees.
The bonus to be paid partly in stock,
market value $85 a share, and the
balance spread over period of five
annual cash payments, General Mo-
ors asked the SEC to keep certain
"details of the bonus confidential.
Charles E. Wilson, GIN president,
reads the bonus list with an award +
# 1880 shares of stock and $280,00O
ash in addition to his annual salary +
# $4,000. Bradley and Coyle,
ice presidents, get 1862 shares of
took and $252,023 each in cash, in !.
edition to their $126,100 salaries. !.
funt, 1862 shares and $240,048 =.
ash; Custice, 1913 shares, $240,048
n cash; Bonner 1913 shares and !:
212,048 cash. What about you =
took holders? Why wasn't this
pitt amongst you holders? No Won
er auto workers feel they are earn =
ny the money and should have
ension system set up. $2O,000,O0O
lone would make a nice start. Sure
thousand dollar auto is possible. I
1850 congressional elections
only 10 months away, are your
folks and in-laws registered? Be =
a good citizen, take them down to
the court house, and register them.
You hear it and read it every g
here, the IVA, MVA, eva don't i
ay any taxes. Here are the figures n
or 1949 payments by IVA to the o
tates in lieu of taxes: !