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LE PROPOSES ARBITRATION PLAN N Y NEW GEN 8-11-26 YORK BOX 150 BONUS SYSTEM HELI s PACKERS Iowa Farmer Goes Broke MEDIATION BOARD OF FIVE TO BULL-DOZE WORKERS AND PILE HANDLE ALL DISPUTES; RAISE for Million; Bank Fails UP FAT PROFITS FOR FOOD TRUST Bank Fails to Open. Biggest Farm Failure. OF FIVE PER CENT IS RUMORED TAMA, la., Jan. 7.-The First National Bank CEDAR RAPIDS, la., Jan. 7.-Probably the The bonus or incentive plan devised by the industrial survey of this city failed to open its doors today. biggest farm failure, outside of wheat, in (Special to The Daily Worker) department of Armour & Company and "put over" on the workAn announcement by the directors said that middle west history was made public here toNEW YORK CITY, Jan. 7.-John L. Lewis, president of the ers by the plant conference board is a clever scheme to get the they had voted not to take on further respon day when Charles Ulrich of Iowa Falls filed a United Mine Workers, is reported to have surrendered to the sibilities in view of the bad condition of its afworkers in the "yards" to speed up and to "break their necks" bankruptcy petition in federal court, giving his anthracite operators' demand that the settlement of the strike in an effort to win a measly 60 cents to $6 per week extra. fairs. The bank was capitalized for $75,000 liabilities as $1,046,101.06 and assets of only a be made upon the basis of disputes hereafter being handled by This plan which was put over on the workers after a long few thousand dollars. His wife filed a similar and its last statement showed deposits of arbitration. campaign of company propaganda on "rewarding efficient work$900,000. A large sum of money had been petition listing debts of $5,718 and no assets. This principle of arbitration is the main demand of the men" and "giving\each man his just due" and other slogans of brought here from Cedar Rapids to meet an Ulrich listed among his debt unsecured notes operators just as it has been and is the thing most hotly opposed this kind is nothing more nor less than a scheme to get more for all but $10,000 of the total. Most of the expected run if the bank had opened for busiby the rank and file of the miners' union, whose interests have work out of a worker than beness today. A committee has been named to notes are held by seven creditors, four of them time and again been betrayed and lost by arbitration, many fore at a smaller cost. located in Des Moines. reorganize the bank. The function of the honus is to get times carried out in a tricky and,
