The Daily Worker Newspaper, January 18, 1924, Page 6

Page Six THE DAILY WORKER January 18, 1924 THE DAILY WORKER.| The Flight of Capital Published by the DAILY WORKER PUBLISHING CO., 1640 N. Halsted St., Chicago, Ill. (Phone: Lincoln 7680.) SUBSCRIPTION RATES By mail: $6.00 per year $3.50..6 months By mail (in Chicago only): $4.50..6 months By carrier: $10.00 per year $1.00 per month Address all mail and make out checks to THE DAILY WORKER 1640 N. Halsted Street J. LOUIS ENGDAHL MORITZ J. LOEB.. $8.00 per year $2.00..8 months $2.50. .8 months Chicago, Illinois iness Manager Entered as second-class mail Sept. 21, 1923 at the Post- Office at Chicago, Ill., under the act of March 8, 1879. an Where the Fur Flies Many people are getting excited over Sen- ator Wheeler’s resolution to investigate the secret sealskin contract which has, to date, robbed the government of from $3,000,000 to We see no case for even getting $5,000,000. warmed up over this scandal. The wives and daughters of the American workers and farmers are not burdened with the problem of buying sealskin coats. Most of them are having the time of their lives making ends meet. But this controversy in the sumptuous cham- bers of the United States Senate has another angle to it which is of considerable interest to The company ac- cused of having defrauded the government of these many millions, is a St. Louis concern. The items of the contract enabling these millionaire fur dealers to plunder the country’s treasury When the sanctity those who work for a living. have been kept a secret. Advertising rates on application. Despite the continued assurance given Brit- ish Big Business by Ramsay MacDonald that he will be nice to the capitalists when he be- comes Premier, many English bankers and manufacturers are transferring their invest- ments to what they deem safer fields. Because of their fear of increased taxes and the approaching collapse of the franc many French capitalists are also beginning to follow their English brothers’ example. Naturally the safest field for such British and French investors is the United States. This country has been least undermined by the World War. Our capitalist political edifice has been least rocked by the revolutionary vol- canic eruptions that have shaken the European capitalist governments. Thus many European men of wealth are buying up steel and railway securities on the New York Exchange. Prior to the war European capitalists con- trolled = good deal of these stocks. In 1915 close to three billion dollars of American rail- way securities were in the hands of European investors. More than one-fourth of the stock of the United States Steel Corporation was then in the hands of Europeans. When Amer- ica entered the war and the European capi- talists had to foot some bills they transferred many of their best securities to Americar hands. By 1917 half of the railway stocks came into American hands. The proportion of United States steel stock owned in Europe fell to less than one-tenth in two years. The total significance of this flight of Euro- pean capital to the haven of Wall Street cannot be estimated yet. It is obvious, however, ning | these European capitalists are not helping capitalism much in their own countries when they ship their capital across the Atlantic. This hegira of capital to our shores is bound to have an enervating and disastrous effect on the capitalist system of production and exchange in Europe. To the United States the influx of an_ interesting interview with Com- Unite World’s Militant ers has established a secretariat in Berlin and publishes an official organ. “Izvestia,” of Dec. 19, publishes i The secretariat devotes most of its Farmers | Farmers’ Council and is now endeav- oring to unite all the syndicates into one organization, AS WE SEE IT By T. J. O'FLAHERTY. Frank Bergman, the soap salesman of Louisville, who posed as the nephew of Judge Gary, and got ar- rested for his impudence, should learn that petty larceny does not pay. He went into high finance to the ex- tent of $21.00. Nobody but a piker would risk his reputation in such a venture. What must his Wall Sreet competitors think of such petty fin- ancing? pave 5 “+ * Governor Len Small, flayed, chal- lenged, excoriated, denounced and condemned his enemies who have ac- cused him of diverting to his own use money earned on state funds. The enly point at issue between Small and the gang who are after his scalp is the privilege of using the power of the state government to bring home the spoils. Those who are out want to be in. Graft is inherent in the capitalist system and will not be eliminated until that system goes and oe the selfish psychology which it reeds, ** @ : The Russian communists are about to enter another orgy of mutual ar- rests, assasinations and:other crimes too numerous to mention in the columns of the capitalist press. Trotsky within the past two weeks has gone on a two months vacation to the Crimea, has been arrested, was sick in bed and again was leading the Red Army against the Central Committee of the Communist Party. We may expect ‘him to be kept quite busy between now and the Commun- ist Party convention. *@e Even Japan is feeling the tremors of social revolt. One of the strong- est cabinets in the history of the Island Empire has resigned as a re- sult of fear of the growing restless- ness of the masses. This cabinet . which was in power at the time of the By Maurice Becker. A Reminder for Secretary of State Hughes. * of this contract was first questioned in the Sen- ate, United States Senator Selden P. Spencer of Missouri leaped to his feet and made an elo- quent defense of the International Fur Ex- change and Fouke Fur Company. Now it turns out to be that the gentleman from Missouri has been for some time, and still is, the legal repre- sentative of the firm which has put over this contract. Nine days after the Honorable Spencer made his speech in the Senate in defense of these fur interests the latter sent a $30,000 check to his firm, Spencer and Donnell. To some this incident may appear as a shock-| ¢ ing perversion of American democracy. We are not at all surprised at it. surprised if Senator Spencer’s conduct had been otherwise. The experiences of our workers and poor farmers abound with overwhelming, indis- putable evidence proving tual Ime governmenr and its various subdivisions are owned body and soul by the employing class. Senator Spencer was sent by the big interests of Missouri to work for them in the Senate. He is doing his job well. The only point for the working masses to take cognizance of in this little scandal is that they must take a leaf out of the book of their exploiters and oppre8sors. The workers should send their own representative to the Senate and House and then do what the employ- ers are now doing, hold these representatives strictly accountable for the services they render. And as far as this little scandal itself is con- cerned it will prove to be, at most, only a tem- pest in a teapot. The investigation will die of - atrophy. No congressional fur will fly. Sen- ator Spencer is too powerful a figure in the reactionary Republican machine and too loyal a servant to the capitalists even to be molested by senatorial investigators. « Relief Without Conditions The presence of three German Relief organ- izations in this country seems to have puzzled many workers as to the difference between the three. They are the committees organized by Hell-an’-Maria Dawes, the banker, Samuel Gompers and his reactionary labor lieutenants, and that organized by the Friends of Soviet Russia and Workers’ Germany. (There is a vast difference between them. Dawes, the banker, who represents the big business, is interested in keeping the German workers alive so they may be exploited for his benefit. The bankers are making big loans to the German industrialists. But starving work- ers cannot toil ten or twelve hours a day. And without workers the German industrialists could not guarantee Dawes and his friends the large returns on their money which these char- itable gentlemen demand. The Dawes relief means feeding the worker in order to make him fit for ruthless exploitation. It is relief with conditions. Gompers is raising funds to maintain the German Trade Union bureaucracy which has been in open alliance with the German indus- trialists and is today the strongest bulwark against the emancipation of the German work- ers from capitalism. ‘The money will be dis- tributed through the Ebert, Scheidemann So- cialists, among the select workers who remain loyal to the renegade labor leaders who be- trayed the German workers. It will be used to divide the workers. It means relief with conditions. The Friends of Workers’ Germany are op- posed to such relief. They believe in famine _relief without conditions and they call on all fairminded American workers and farmers to protest against the Dawes and Gompers form of relief. They call on all fairminded\ Amer- icans to insist on famine relief without \condi- ms or political discrimination. European capital may mean a temporary rise in the prices of securities. prove only an inflated bubble and burst with deadly effect when the market collapses after- wards. But this rise will rade Dumbal, the political secretary of the International Farmer’s Coun- cil, This Council came into exist- ence immediately after the Interna- tional Farmer’s Conference held in Moscow last October. The council is now taking active steps to or- ganize an international of the revo- attention to Bavaria and Prussia, where the farmers are most back- ward, Similar movements for uniting the peasants are noticed in other coun- tries with very good results. In Czecho-Slovakia and Roumania a strong opposition movement was great earthquake was guilty of the execution of thousands of socialists in the early days of the calamity. How many were murdered will never be known. But the cabinet feared the consequences of its acts and in order to mollify the anger of the masses came out in favor of a move- The Peasants’ League of Mexico is now conducting a vigorous cam- paign, all over Mexico fcr affiliation with the Council, In Brazil and Ar- gentine the peasants’ unions have already informed the council of their affiliation. A campaign for affilia- to interest their workers in co-partnership schemes. are taking to allay the growing industrial dis- | been the pacemaker in peddling this discred- We would bejited patent medicine to its overworked and un- derpaid mass of employees. of the largest concerns of its kind in the world, The Profit-Sharing Hoax The employers are making a desperate effort These are not new steps that the capitalists ontent. The United States Corporation has fa fa: The Endicott-Johnson Shoe Corporation, nas been practicing this game ior some ume. Various Standard Oil companies, the New York Central Railroad Company, the Ford in- terests, Eastman Kodak Co., and the Guaran- tee Trust Company are among the other lead- ers in instituting profit-sharing schemes. The object of these fake attempts is obvious. The capitalists believe that by interesting the workers financially in the enterprises, strikes will be prevented, discontent scotched, and the undisputed rule of the boss in the shop assured. Once the workers are afflicted with the notion that they have an economic, tangible interest in the company they will not want to do any- thing which might decrease the profits of the firm. This is the faulty reasoning of the em- ployers. It is no surprise, therefore, to see that profit-sharing and trade unionism don’t mix. Profit-sharing schemes are in vogue in those industries where unionism is taboo, where the workers have been crushed in their attempts to organize. Profit-sharing is only another artificial, frau- dulent attempt to bolster up a crumbling, ever- more historically useless system of economic and social relationships. Our Union Bankers — Many “friends of labor” are hailing with glee the spread of banking institutions con- ducted by trade union leaders and labor organ- izations. Liberais are greeting these ventures as the heralds of a new era ot peace in indus- try and the end of all class strife between the owners and those who work for them. Banking is not a trade or an art the cultiva- tion of which is limited to some divinely ap- pointed group or class of the population. When business is brisk and the economic con- ditions are good it is not a difficult matter for trade union leaders to engage in banking. But we realize that the economic today will give way to an economic to-morrow of serious de- pression. We are convinced that this to-mor- row is not distant. What will happen to the labor bank when panic seizes the New York Stock Exchange and the Chicago Board of Trade? Will these banks weather the storm then? One might answer that the labor banks will pull through if they invest in gilt-edged secur- ities. That is more easily said than done. Be- sides, labor banks will become a menace to workers qut of jobs and hungry if'their depos- its are tied up in gilt-edged securities but are not fluid and moveable. Big banks like the National City of New York and the Continental and Commercial of Chicago can very well af- ford to invest in safe fields that do not permit wholesale withdrawal of funds in times of stress, because their depositors will, as a class, not be compelled to fly to co¥er when the winds of depression blow, hard. } [With banks having workingmen depositors i#f the main the story is quite different. { Wy lutoinary farmers of the world. strong in Germany, where a num- ber of farmers’ conferences were held during the last several months. The work of all of these conferences was based on the theses of the first International Farmers’ held in Moscow. The conferences de- cided to carry on a campaign for Re establishment of workers’ and one | with a total membership of 1,200,000 have united into one organization, This union of poor and tenant farm- started between the existing agrar- ian parties. The opposition stands on the platform of the theses of the International Farmers’ Council. In Poland a peasants’ conference was held in November in the city of Warsaw. At this conference the appeal of the International Farmers’ Council was read. As a result of this a split almost occurred as -part of the delegation was in favor of the theses. In Canada the “Farmers’ League of Canada” has joined the Interna- tional Farmers’ Council. In France a part of the Peasants’ Syndicate is for affiliating with the International The farmers movement is especially Conference mers’ governments. In order to cilitate their work the various mers’ organizations of Germany tion is now carried. on between the various peasants’ organizations of Soviet Russia. cil is spreading its workeall over the world. It is intended to begin the publication of an official organ to be issued in four languages. The Council also plans to establish an international agrarian institute con- sisting of scientists of various coun- tries. is to study the conditions existing among the farmers in various parts of the world and to devise ways and means to have these conditions im- proved. The International Peasants’ Coun- The purpose of this institute What Was Back of Hughes Fabrication? “Pravda,” official organ of the Rus- sian Communist Party, of Dec. 23, publishes the following interesting editorial dealing with Secretary of State Hughes’ statement regarding the instructions alleged to have been sent by the Communist International to the Workers Party. “Why did Mr. Hughes, the State Secretary of the United States, have to publish a knowingly false, evident- ly composed by provocateurs, ‘in- structions’ supposedly sent by the Comintern to the Workers Party of America? ONLY in order to gain time. ONLY in order to prolong the moment when the American Govern- ment, under the pressure of such important factors as are the interests of the country, will be compelled seriously to consider the question of relations jwith Soviet Russia. “The falsity df the public docu- ments is so evident that they cannot serve even as an external reason for the excuse of the uncompromised position of Hughes, who represents the interests of industrial capital. The Americans are too sane a nation to, fall for such a rough lie as the legend of Zinoviev’s instructions to the Workers Party of America; to “Receive some instructions in pioneer work (sapper work).” ‘But at the same time they have no basis to deny the fact that the Comintern is also analysis of the relative forces and to suppose that the Comintern will urge the Workers Party of America —whose main efforts at the present time are directed to the gathering of the Communist forces and to the formation of a strong left-wing in the labor movement—to ‘raise the red flag over the White House.’ i “Tt is plain that all this is absurd. So absurd that it would not last even a few days. It is at once met with a killing laughter. The Washington falsifiers failed last spring in quot- ing an article of the “Pravda” of April 16, which falls on a Monday. It happens so that on Monday the “Pravda” does not appear at all. This time the fabrication was com- posed so carefully that the date of the documents was not mentioned. But this stupid cleverness naturally exposes them from top to bottom, as the absence of the date under such conditions is in itself an undisputed proof against those who are making use of this document, “But if this forgery—which is not the first of this kind—cannot free the American Government from the necessity to seriously give an answer to the offer of the Soviet Government to open negotiations, it can at least postpone the amount of a serious consideration of this question. Com- pelled .to be satisfied with such a The Communists in Greece By M. RODINOS (Athens) (Note:—M. Rodinos is the leader of the Greek Communist Party.) The terror exercised by the “revolutionary” government of Plastiras now ruling Greece is of a nature to rouse the masses and to call for vehement protests on their part. Our party never fails to voice this dissatisfaction. By placing itself at the head of all manifestations of pro- test, it shows to the masses that it is their true protector against bour- pote oppressors who exploit them either under the royalist or the Venizelist cloak. é The masses see in our party the only organization which stands their interests. It is for:this reason that, in spite of their opposition to the ih, Nagi tl b= Cade Col. | ——$ lastiras, they refuse: rawn into the recent royalist coup d’etat ig hegre Rarllamentery, Pat of General Metaxas whd, together | yesorted to, It is feist pth Brg with the royalist generals, wanted to| bring, on ships (at the ex; ‘ot subjugate the working masses of| the government), thoudande, BP cet: Rroree ae Pretending to free them|ugee families from Asia, Minor to ‘om yoke of Plastiras. constituencies where Venizelists are The discontent of the masses|in a minority, in order to, ensure caused by the high cost of living,! the latter's success at the elec- unemployment and the war peril, has| tion. The ministers have sent secret increased considerably the | circulars to the prefe instruct- of our party. | ing them to favor Venizelist candi- It is owing to this discontent that! dates at the forthcoming election. the “revolutionary’ Under such circumstances, one can up for ” di has de-| cided to hold the parties elec- well imagine what the election re-| I tion towards the end of December, sults will be. The royalists of the 1923, with the object of han r a. its power ‘to a const : _gov- pretent against these tricks, ernment and thus free itself of Party, for which election results responsibilities. In order that no n ders account need be rendered by Directory and the Venizelist (which brought it into being * manipulates it in its own oc bapa to the future parliament, tes made to create in the ‘Aiture cham working H sane enough to make a realisticjpostponement, Mr. Hughes expects to make use of the paper jam of the Commissions of the American Con- gress, The investigation of the ques- tion in the Commission, where piles of paper will be written up, where many witnesses will be questioned, where many voluminous stenographic reports will be gathered, gives the forgers a chance meanwhile to pose with knowingly false documents. MEANWHILE it is possible to make an attempt to cover up the impor- tance of the offer of the Soviét Gov- ernment, MEANWHILE it is possible to strengthen the repressions ‘against the working class, to ‘disrupt the Con- vention of the Workers Party, which is expected to be held shortly,—in a word, it opens the possibility for the hired bourgeois henchmen to untie their hands. “But there is every reason to be- lieve that those social circles of America, which are interested in re- opening commercial relations with our Union, not mentioning already the Workers Party, will take all measures possible not to allow this speculation on evidently false docu- ments. The investigation of the documents must not be permitted to be buried in the parliamentary com- mission. It must be turned over for ‘investigation to an arbitration court. This demand of Comrade Chicherin must put an end to the provocative work of the forgers.” judge by the audiences attending the ment to grant universal suffrage te all male subjects over 25 years. * * * Socialism is becoming a real men- ace to the ruling classes of Japan. The infiltration of communist ideas has brought uneasiness to this newest of capitalist powers. ism in Japan is like an untrained giant just waking out of its slumber, but it is awakening and will join hands with the rest of the world’s workers in overthrowing the system that is the cause of all the woes «% mankind. At present social- * * # Dr. Colin Ross who ix J series of interpretative articles on Soviet Russia declares that “the plentiful supply of food that you will find in present-day Russia and the standard of living, which is far bet- ter than in Germany, makes it clear how fast things have improved in Russia. The prices for food in 1923 sunk to 46 per cent of the prices be- fore the war.” Thus the producers of Russia are forging their way ahead toward plenty and peace and freedom while the workers in the rest of the world are still-in the grip of the ex- ploiting capitalists. “_* * The Chicago Tribune’s Riga cor- respondent had a recent “Bolshevik” story headed this way: “Bolshevism is Said to be facing the worst crisis in its History.” The Tribune column- ist who evidently has ‘a sense of hus mor had the follawing comment to make on this: Now, how in the world did that story get in Wednesday’s pa- per. Bolshevism onty faces the worst crisis in its history on Monday, Thursday and Saturdays. On Sun- days, Tuesdays, and Fridays bolshev- ism has successfully surmounted all its difficulties and is making treaties with France, England and America. On Wednesdays German specialists refuse to operate on Lenin. Russia Manufactures Typewriters Soviet Russia has now o| 8 Hae pg factory, “Ressora.” It is the first of its kind in Russia. It is planned to have machines of all the modern models produced there. olonel| tricks and oppression of all kinds. over bloc will abstain from voting as a by the election and other meetings of our Party in the various provinces, sev- eral of our candidates have a chance to be elected in spite of government The democrats who recently raised the question of the proclamation of a Greek Republic, having been tele- hically warned by M. Veneze- los not to raise this question before the election, are “lying low.” Ac- cording to reliable information, this telegram and the instructions sent by Venizelos in a letter, contained in- formation to. the effect that Great Britain would. not boar the dismissal of Dynasty and has even signified that it would use force to prevent this. is only one more proof thac the hour- geois politicians of Greece are nothing but blind tools in the hands of foreign -capitalists. Our Party divulges all these facts to the masses and calls upon them to organize themselves and to prepare for tne establishment of the workers’ and aght forward. by ike. ‘orwi the Com.nunist} ‘fhe Poor Fish says: I am getti ‘International, which has been ad worried about what to do with by our Party, is favorably received |Communist menace, If we put masses and will pine shortly | in jail the people will get excited considerable revolutionary vantages |if we leave them free they will to our Party. the veople excited, Chinese W Yoman Wins Honors Here at Northwestern 3, Univer, ity, br Ranenvieca poe aD Wang is the te the States 15 years sting rte foment deat distaste bo! 4 ifei F