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We have repeatedly stated in ijhese columns that we do not Agree in many instances with ar ticles written by our friend Martin Himler, but that we have felt that the people are entitled ft be given the more radical *iews of those who not only support the Roosevelt "new deal" but perhaps go even a little further in their radicalism. We are just as fearless in ex pressing our opiniéfi Mr. Himler is. For instance we do not agree -With several articles published lately about the steel industry. We dispute first of all the as sertion that the steel industry Ifc making "profits". It is not. We still believe that after labor receives a fair compen sation for the work done a fair ffeturn for the capital invested It in order. After all who owjis this capital? It is owned by banks and insurance companies #nd perhaps a few individuals. 8ome of the individuals who own stocks and have invested their savings to provide for them selves an income in their old ge ot |«r their dependents after Who owns the investment of the banks and insurance com yanies? Why the people, in tarying degrees. If your few collars are in a bank ör if you have just a $1000 insurance po tcy some of your money is in Stocks and bonds perhaps of flocks and bonds of Youngstown l^el companies. If it brings *no v feturas or you impair its in tirinstic value who loses? Why t$ie people. For this reason we don't agree with some of the ultra-radical views expressed regarding to profits. But why talk about profits. Since 1930 no steel company in tfris district has made a nickle ^iiice 1931 no steel company here paid any common or pre ferred dividents. Since 1930 the Jgalue of steel stocks in Young #own concerns dropped to about one-fifth of their former value. Take Republic Steel Corporation Ipr... instance. It has lost more than four million dollars last jjear not counting the millions '}k could not pay to preferred Stockholders which will have to He made up later. Or take Youngstown Sheet & Tube Co. which had an un broken divindend record until 1931. Its loss for last year will l|e more than $7,000,000. In the t|vo previous years it has lost giore than $20,000,000. How under these circum stances can it be said that the steel companies should do this or that, or that they are not fair to the men in the mills. Just as we have said we are fearless in expressing an opinion, ft is our opinion, that the steel mills under existing condition are treating their men fair, that tfiey have treated them fair, that t|iey have done everything to Jjelp them tide over the de pression, which is more than tiiey have done for their stock holders, many of whom have been deprived, from an income altogether. High sounding socialistic or communistic ideas are all right. T^hey look fine on paper, but a sorry mess in practice. As long as we have a capitalistic system to which labor shares with capi tal the fruits of production it is orse than folly to attack an industry which has done the best it could do. The mills in this district are putting to work all the men they can possibly engage. Now that conditions have improved to some extent the earnings of the men on the payrolls are in creased. The labor in the mills comes first the stockholder comes afterwards. A good example of this was given in the last year. All the improvement in the industry went to labor and nothing so far to stockholders, who had to see the value of their equities drop further than before. Labor agitation, in our opi nion at this time is just as bad as chiseling under the NRA. Let lis have no labor troubles, no strikes, no violence- Let us have a mutual understanding, that as conditions improve labor will continue to get its fair share of it. But we say and say it without fear of contradiction that in the steel industry so far all the tan gible benefits of the NRA accrued to labor* STERHOVAY 364 TO HOLD MEETIN© AND A SOCIAL The English speaking Ver hovay Branch known as Br. 364 will, hold its regular monthly meeting nex Thursday, March 1, in the West Side Hungarian Home to be followed by a social. Everything will be free. A good time is promised all those who will attend. Members and their friends and all who wish to come are invited and welcome. Members are urged to attend the business session as the char ter will close at this meeting and permanent officers for the branch for the current year will be elected. New members will be initiated at this meeting. The social committtee is asked to be at the hall at seven p. m. Matters of importance will bs discussed and all members are a^skpd to be present.