The annual report of the exeeutive of the American Federation of Labour declares that industry must solve its own problems or face the alternative of State intrusion, which would lead to bureaucracy and breakdown, Tt points out that there are now 23 banks owned by! Labour unions with resources estimated at $60,000,000. Proposals for a general labour life insurance company have been investigated by a committee which expressed the opinion that it was advisable for the unions jointly to adopt some form of proper insurance, but opposed the suggestion that the Federation itself should engage in insurance business.—Reuter's Amer-
Hiean Service.
Text read from the printed page and cleaned; old type leaves the occasional error.