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~He Journal Of ~he Journal of VOL. XXXIII WASH INGTON, D . C., JULY, 1934 NO.7 'AN I NT[ RVI[W W ITH MR/' ROO/[V[LT· CoIi"_ I'W.\I' I=ER"MENT "New Deal" Tests of the Importance of Life Insurance ~ THE RULE President Roosevelt, the chief exponent of the New Ucal. has made yariou14 statemcnL'I with regard to life insurance, two of which follow: "To carry adequule life in~urallt:t! i:s a moral obligation incum· bent upon the great majority of citizens." "Life insurance should be considered not as nn expl'n~p hllt_ u!\ savings. II should be the first factor in any Jll'ogram of investment. It should be the last to be let go. In hard times, it. is especially import­ ant, and we should make every effort to keep QUI' old life insurance in force." THE MEANS New jobs and wages furnish the means for new imlUrunce and fol' continuing the old policies. Even if they have been used for loans, it is considered ';betler business" to repay and reinstate than to drop old policies for new ones. THE RESULT So, with the rule of the President to foilow. and eR!\ier money with which to make this im'cstment, the life insurance companies find new business coming in in greater volume than for some time. ARE YOU FOLLOWING TilE ADVICE OF YOUR PRESIDENT? Union Cooperative issues life insurance, endowment imlUranee, annuities, and similar protection. suitable for yOll, yom' wift', your rhilflrf'n, and youI' (riI'IHII'\. Union Cooperative Insurance Association 1200 Fifteenth Street, N. W . Wash ington, D. C. ~'... OFFICIAL O RGAN OF THE Magazine Chat A letter from the editor of INTERNATIONAL the Brewery Worker brings up again the question or proper AND practices among labor editors. ELECTRICAL WORKERS OPERATORS The Brewery Worker ran an PUBLISHED MONTHLY editorial based upon an edi­ torial in the Electrical Workers Go M. BUCNIAZET, Editor, 1200 15lh Street N. W ., W.abin,toa. D. C. Journal. This editorial was reprinted in another magazine without due credit. The editor Thi. Journal will not be held responsible fo r ,.iew, expreued by of Lhe Electrical Workers Jour­ cOlTelpondeoll. nal did not see the editorial in The firat of each month i. the cloain, date; all copy mutt he in our the Brewery Worker but did band, on Or before. see the reproduced editorial in the other magazine and repub­ lished it in the Electrical EXECUTIVE O ...... ICERS Railroad, C. J . !olcGLOCAN Workers Journal. Bremer Arcade, St. Paul, Minn. International President. D. W. TIlACY, 1200 16th St., N. W., W ..hlng~on, L'iTERNATIONAL To be sure no special harm D. C. EXECUTIVE COUNCIL International Secretary, G. M. BUG­ Willi done to the labor move­ CHAI. M. PAI1LSC)!, Caa;r"",,, ment here because of misplaced N!AU'T, 1200 16th St., N. W., W.. h­ 4919 N. Cuyler Ave., Chiu&,o, m. In&1on, D. C. credit, yet it always seems to Fir.st District G. W. WIUTFOIlD us thnt sound practices in the Intrrnational Treasurer, W. A. HOGAN, 1617 Third Ave., New York, N. Y. 647 South Sixth Ave., MI. Vernon, labor movement should dictate N. Y. Second Dbtrlct P. L. KI:l.l.o&Y that credit be given where 96 Beacon St., Hyde Park, M.n. credit Is due. Lnbor should try VICE I'ltE8 J1)ENT8 Third District M. P. GOIII.lAN to recognize merit (uiriy. A 607 Bigelow Ill vd., PittBburih, I'll. habit of labor editors of lifting Flnt Dl l trict E. INCu:a Fourth DiBtrlct t~OWAIID NOT II IUOLE mnterinl without reference to R. R. S, London, Ont., Can. 1717 G St., N. W., Wuhlngton, D. C. Bourcc IIho uld bc discouraged. Second Dietrkt _ eliAS. KEAVENI&Y Fifth District J"'IUS F. CAllEY Box 648, Lynn, M .... 6051 MnffiU Ave., St. Louil, Mo. Third Di.tricL.__ EDW. F. KLO"n:R Sixth District G. C, GAtlID!S C. A. Bennett, a veteran 265 Welt 14th St., New York, N. Y. 1f>32 No. BOllon St., Tulsa, Okla. member of this organi:l:ation, Fourth Diitrict AIITIIUlI BENNICTT Seventh Diltrlct C, F. OL!YEIl writes that he passes his J our­ nox 241, YOunillown, Ohio 1045 Kin&, St., Denver, Colo . nnl every month to a doctor, •'jfth Diltrict __ G. X. BAIlItU Eighth DiBtriet J. L. M.CBRIDE who in turn, turns it over to a 7230 N. Hh Ave., Blrmln,h.m, Ala. Hi6 Jamn St., Labor Temple, luwyer, who in turn, turns it Sixth Dl,triet M . J . Bont: Winnipeg, C.n. over to a merchant, who in 8630 Lake. Shore Drive, Chic. go, Ill. turn, turns it over to a minis· Seventh Diltrict W. L. INCRAJoI TELEI'1I0NE OPERATORS' ter of t he Gospel. 8641 Lau,hton St., Fort Worth, Tax .. DEI'AR'DIENT EI,hth Di'trict __ II. W. Bt:LL President JIIL!A O'CONNOR Uil7 2nd Ave., 5., Gre.t F.UI, Mont. 6 Boylston I'lace, BOlton, rora ... T. G. Huffman, of Local Ninth Di.triet __H . P. BR!GUlln Secretary __ MARY B.AllY Union No.9, Chicago, in a spe­ I'atitle Bldg., Ssn Franc!-eo, Calif. 6 Boyl.ton PI.ce, Bailon. M .... cial letter to the Journal com­ ments on Magazine Chat. of June and statel that we are unwise in giving capital as sure Contents ,... a place in economics as labor, Ne .. Ferment Call, for Ne.. AdJu,hnent. Mr. Hutl'man said we should R.dlo Com pan)' Unions ";1pot1ed to NR,\ _ '" stop comparing Il mlln to a I'hYIlu Mllkes Contribution to Ecunomlu '" dollar. IlIrt,. UUSinC8S of I'rolfoklnk W.r. It rvealed ". Company Union l.e.der (One In 10.000) Tell. 'Em Wh.t'll What ,'".. fAlueato", Fllee Ne.. Sod.1 Order A vital influence of the Jour­ I'oluter I'lumber. \'elo Bare Nrutra l '" nal is again demonstrated this More Stall,Ue. of Utlllllu A"ound '\Iore . '"%9S month by blanket calls for the California Electric Worh Back Slnd.lr J ournal by varying groups. Call S,..tem Orilflnated by Elec:t rlul Worker • '" Among them one of the largest Notorlou. Priv.te I'ollce In 8tHI fit al • %96'" trade IWIOciations in the United Who It Stee l~-G ~at )'Irma. U.nk·Controlled %97 l'oleQurln" the Wurth of NR.\ to Labor ~98 States. Cau,.., Chronld etl rrum tile Work World !!99 Editorill • ... The cover this month il " 'om.n'. " 'or" ... "Chicago Interior," by T. Bulletin of the 1. U. •~. W. lIadlu II h'l"lon . SO l CorrUpGndence SO, Theodore Johnson, one of the Scientific Wonder. of World's . '.Ir interesting series of industrial In Memoriam. ."SI' pictures performed under the Louc:al Union OOidal II ec:eil,l. '" Public Works Art Project. 282 The Journal 0/ ElectricaL Workers and OperatQTs July. 199~ TUiS l'AtNTI NO DOES nETTEn THA.N I'UOT'OOUA I'UY TO DI>I'ICT TilE UUIENSITY 01' TB.E BOULDER DAM !'ItOJECT. • PWJ.P _ .. IWla., w_. THE JOURNAL OF ELECTRICAL WORKERS &OPERATORS the Internationa l Brotherhood of Electrical Workers VOL. XXXIII WASHINGTON, D. C., J ULY, 1934 NO. 7 New Ferment Calls for New Adjustments ULY marks the first anniversary of the essential elements in the problem of con­ institution of the National Industrial America-and the world­ SUmption, which in its turn is being JRecovery Act. It becnme a law on recognized as the central problem to be June 16, 1933. This first Cull year of enters summer of 1934 with tur­ solved before stability ot business and the application ot the control theory of bulent conflicts in prospect. Pes­ security of employment can be ensured. political economy brings a new phase of simistic sentime nt of 1934 con­ The problem of production has indeed national development attended by a fer· trasted with optimism of last been abundantly solved. It is now gen­ mcnt of new ideas, a deeper cynicism in erally agreed that the present depres­ regard to the present state of private year. Economic machine dill sion is the offspring, not of scarcity, but capitalism and dramatic events includ­ cr eaks in a ll its join ts. or wealth in quantities which are at ing major strike movements and sovere present beyond our powers of assimila­ conflicts between capital and labor. tion. Hence the efforts which are being Everywhere throughout the United made to curtail production both in agri­ States, there is evidence that the first worked in the opposite senae. In the culture and industry by restrictive year of NitA i!J over, that new develop­ United States, Great Britain and Ger­ agreements, by cartels, national and ments are likely to call tor new major many wage rates fell to some extent, international, by prohibiting the erec­ adjustments. It seems wise therefore employment fell still more and payrolls tion of new plants and machinery nnd to look behind screeching newspaper fell most of nil. But apart from this by other similar measures designed to headlines and the daily evidence of in­ general similarity the COU1"!lC of events rescue the world from its acute attack dustrial warfare to the facts and figures Wag very different. In the United of indigestion." and ideas which really measure the on­ States wage rates were forced down Mr. Butler points out Curther that the going life of the nation and world in some 20 per cent, and employment de­ chief industrial nations of the world respect to change-social formation­ clined a full 40 per cent. In Gel·many have apparently abandoned the whole which of courJ!e are the real forces pro­ wage rates were likewise reduced 20 per theory that business will run itself.
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