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8 authentic voice to the whole movement in his recent book, The Present Economic Revolution in the United States. He says (p. 118):

As for the railroad workers, says Carver (p. 124):

The most extravagant estimates were made on all sides regarding the future of labor banking and other phases of trade union capitalism. In the Saturday Evening Post of Nov. 6, 1926, Frank Stockbridge, in an article directly inspired by B. of L. E. officials, says typically:

Undisputed leader in this capitalistic banking movement was the Brotherhood of Locomotive Engineers. Its vast financial structure and dizzy array of banks and investment companies dwarfed all the rest. Its officials set the pace for the whole movement. It was a pioneer in every branch. Its word on labor banking was gospel to the trade union officialdom.

The question of establishing a labor bank was first proposed to the B. of L. E. at its convention in 1912, but it was voted