LABOR: Impotent Banks

In a long article in The American Federationist, official organ of the American Federation of Labor, Samuel Gompers declares labor banks to be no panacea for industrial strife.

" So far as any fundamental change in the modern industrial world is concerned," says Mr. Gompers, " the wage-earners need not look for reconstruction or reconstitution through the establishment of labor banks and particularly through the establishment of labor banks under existing laws. Labor banks must conform to banking laws and these laws themselves constitute an insuperable bar to any but the most...

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