profits of 50 but under 100 percent; 135 reported profits of
100 but under 500 percent; 21 reported profits of 500 but under 1,000
percent, and 14 reported profits of 1,000 percent and over. In the case
of these coal mine operators only a fourth had profits of under 50
percent and half had profits of more than 100 percent.

The profits in these five industries--food, yarn, clothing, steel and
coal--are quite typical of the figures for the tens of thousands of
other firms listed in Senate Document 259. Profits of less than 25
percent are the exception. Profits of over 100 percent were reported by
8 percent of the yarn manufacturers, by 13 percent of the garment
manufacturers, by 18 percent of the meat packers, by 31 percent of the
steel plants, and by 50 percent of the bituminous coal mines. A
considerable number of profits ranged above 500 percent, or a gain in
one year of five times the entire capital stock.

When it is remembered that these figures were supplied by the firms
involved; that they were submitted to a tremendously overworked
department, lacking the facilities for effective checking-up; and that
they were submitted for the purposes of heavy taxation, the showing is
nothing less than astounding.

8. _Winnings in the Home Field_

What has the American plutocracy won at home as a result of the war? In
two words it has gained social prestige and internal (economic)
solidarity. Both are vital as the foundation for future assertions of
power.

The plutocracy has unified its hold upon the country as a result of the
war. Also, it has won an important battle in its struggle with labor.
The position held by the American plutocracy at the end of the Great War
could hardly be stated more adequately than in a recent Confidential
Information Service furnished by an important agency to American
business men:

"SHALL VICTORS BE MAGNANIMOUS?

"There is no doubt about it--Labor is beaten. Mr. Gompers was at his
zenith in 1918. Since then he has steadily lost power. He has lost power
with his own people because he is no longer able to deliver the goods.
He can no longer deliver the goods for two reasons. For one thing, peace
urgency has replaced war urgency and we are not willing to bid for peace
labor as we were willing to bid for war labor. For another thing, the
employing class is immensely more powerful than it was in 1914.

"We have an organized labor force more numerous than ever before.
Relatively