The Daily Worker Newspaper, April 23, 1924, Page 5

Wednesday, April 23, 1924 ARTICLE Il, Mexico, Under the giuse or protecting the ~ weaker nations of South and Central America the United States has as- sumed the undisputed hegemony over this territory. The Pan-American Un- ion growing out of the Monroe Doc- trine is completely dominated by American imperialists, American bankers are the dominant figures in the International Commit- “tee of bankers in Mexico. Thomas ““W. Lamont of J. P, Morgan & Co. is “chairman of this committee. Morti- mer L. Schiff is the vice-president of the American sections. Charles E. “Mitchell of the National City Bank, “John J. Mitchell of the Illinois Mer- “chants Trust Co., Charles H. Sabin of “‘the Guaranty Trust Co., Albert H. Wiggin of the Chase. National Bank, “and Robert Winsor of Kidder-Pea- body & Co., Boston, are among the “other leading figures in this group of international exploiters. Foreign investments in Mexico indicate that American capitalists lead in oil and “"mining. United States investors have »twice as much capital ($130,000,000) “invested in oil and five times as much capital invested in mining ($250,000,- 000) as does Great Britain, Over $150,000,000 of American capital is in- vested in railroads and more than $120,000,000 in agriculture. American capitalists hold more than $25,000,000 of the Mexican national debt bond is- sue, Wall Street is planning to spend upward of $150,000,000 in new oil in- vestments. There is a tendency for a heavy flow of American capital southward. New York and Philadel- phia bankers have announced the floating of a new loan of $40,000,000 to the Mexican government. In South America. The nitrate beds of Chile; the oil, meat and wheat of Peru; the coffee “and rubber plantations of Brazil; and the packing industry of the Argentine Republic; are steadily falling into | American control. Speak- _ing before the Investment Bank- ers’ Association, on October 20, 21923, Dr. L. §. Rowe, Director ‘General of the Pan American Union ; boasted that “American investments vin Latin America has passed from “the period of adventure to the period of helpful, productive and permanent investment. American companies are securing to an increasing extent con- tracts for the construction of public works in Latin America. Port works, :drainage works, water works and street railway systems constructed by “American companies are now in evi- dence in almost every country of ‘South and Central America. Since the oclose of the Great War the American -people have loaned to Latin America “in public loans, disregarding the loans sof all private enterprises over a half rbillion dollars. The precise amount eis $529,580,000.” Since 1921 American investors have purchased Chilean ex- ‘ternal bonds to the extent of $62,000,- “000 and internal bonds totaling $5,- °000,000. American investments in Chilean iron and copper mines have ‘materially increased. Our Latin -American trade has risen from $1,073,- 000,000 for the ten months ending ~November 1, 1922 to $1,440,000,000 for “the corresponding period of 1923. :, Our total Latin American trade mounted to only $750,000,000 in the ‘year preceeding the war. The most notable growth is in exports, which lone will probably total close to, :$700,000,000 as against $208,000,000 in 31924. The Latin American countries mow take 45 per cent of their imports ‘trom the United States as against less ‘than 25 per cent in the year. before ‘the war. The official custom house returns of the 20 countries forming the Latin American group show $834,- 000,000 in merchandise imported from ‘the United States in 1921 as against §$319,000,000 before the war. This ‘is ‘an increase of over 150 per cent. * #fo illustrate, America’s share of Mexican imports in 1913 was 48 per ‘cent; in 1921 it was 76 per cent. Its share of Cuban imports in 1913 was ‘63 per cent; in 1921 it was 75 per ‘cent. Our share of Argentine’s im- ports in 1913 was only 15 per cent; in 1921 it rose to 28 per cent. Our share cof Brazil's imports rose from 16 per cent in 1913 to 31 per cent in 1921. In 1913 Uruguay’s imports were only 12 ‘per cent from the United States, in 1921 it reached the figure of 26 per cent. The outstanding feature of this tremendous increase in trade in both ‘exports and imports is that manufac tured articles constitute approximate- Ty 80 per cent of the total purchased from the United States by South America, ¥, The Sweep of Dominion. » Sev ed the Bank of Central and South America to specialize in Latin Amer- ican investments. The importance of this organization is clearly seen when one analyses the personnel of the Board of Directors. M. Anderson, of J. P. Morgan & Co., James Brown of Brown Bros. & Co,, W. Palen Con- way of the Guaranty Trust Co,, Wal- ter BE. Frew of the Corn Exchange Bank, G. W. McGarrah of the Mecha- nics and Metals National Bank, Mau- rice A. Oudin of the Marine National Electric Co., and E. R. Stettinus of J. P. Morgan & Co., are among the leading directors in this organization of financiers. American capital is rapidly tight- ening its grip on Brazil. According to the Wall Street Journal, there is today invested close to $300,000,000 of American capital here. Federal, state and municipal bonds, railways, navi- gation, packing, mining, cable, coffee, and mercantile and public utility con- cerns form the bulk of American in- vestments. The United States is also playing the leading role in the elec- trification of South America. In the last decade over $100,000,000 have been invested in this field alone, in Brazil, Argentina and other South American nations. It is safe to say that at least one-quarter of a billion dollars of American money is now in- vested in Argentina. Mr. Samuel Insul and ex-Senator Lorimor preside over a corporation capitalized at more than a billion dol- lars controlling the main industries of the Republic of Columbia. As a reward for building a national rail- way this group has secured the right to exploit for fifty years more than 200 acres of proven petroleum lands for each mile of railway constructed. Our capitalists are planning to devel- op the iron, coal, lumber, oil, chemi- cal, limestone, and packing house in- dustries. The Standard Oil Co. is getting great concessions in Ecuador, Bolivia, Peru and Argentina. In Argentina American capital is coming into con- flict with British capital. The con- tract recently closed between Bolivia and Standard Oil gives the American corporation 8,500,000 acres of petrole- um land for 55 years and the right to build and run railways, tramways, harbors, telephone and telegraph and all other public utilities, The International Petroleum Com- pany, 60 per cent of whose Stock is owned by the Imperial Oil Co. of Can- ada, which is in turn 80 per cent con- trolled by the Standard Oil Co. of New Jersey, owns the huge De Mares concession of 2,000,000 acres in Col- umbia, The same corporation owns 400,000 acres in Peru, which has the highest grade of oil known today, Amierican bankers have concluded successful loans to Guatemala, Costa Rica, Salvador and Honduras. In Guatemala an American bank has just been set up to draw all paper money out of circulation. Haiti has just bor- rowed $7,500,000, Chile $44,000,000, Uruguay $13,000,000, Brazil $55,000,- 000, Argentine $250,000,000, American banking interests and the United Fruit Company have just bought the International Railways of Central America, valued at $60,000,- 000. This is the largest American- owned railroad outside the United States. It gives direct access from the east coast to Fonseca Bay where the United States has concessions for the construction of a naval base to guard the Pacific end of the Panama Canal. The significance of this sweep of American control cannot be over-es- timated. When Dr. Rowe Pointed out that American investment has passed from the “period of adventure” to the period of “productive and permanent investment” he had unconsciously touched the pitch of the whole im- perialist problem and its vital import to the working class. When Ameri- can capitalists invest their millions wrung from the workers in such per- manent fields as mines, railways, and Public utilities, they avoidably secure complete control of the country and shape the policies and politics of the governments of these weaker nations. Out of this economic condition there grows numerous alliances, ententes, and conflicts. No sooner had the Unit- ed States declared war against Ger- many than there was an echo of American hostility in the Latin coun- ‘tries south of the United States, What is more, the balance of class power and class relationships in these backward countries is tremendously influenced and colored by the fact that the basic industries are dominat- ed and owned by foreign investors having at their beck and call the most powerful government in the world to _ UNCLE WIGGLY’S TRICKS peste > THE DAILY WORKER American Finance Imperialism in Action ments and the stability of their pro- fits. In the words of General Leonard Wood, a stable government is a “gov- ernment under which foreign capital invests at ordinary rates of profits”. Towards The East. It has oft been said that the Pa- cific will be the scene of the next world war. The United States is fully aware of this political truth and has taken financial, military and political measures to prepare for such a war should it occur. American commerce with the Oriental countries is now three times what it was ten years ago, and accounts for almost 25 per cent of our total trade. Within the last year alone American trade with the Far East has increased 25 per cent. Here, as in the Latin American coun- tries, our exports are largely of manu- factured goods. In China, American shipping and railway interests are extending their control. Wilson’s withdrawal from the Six Power group has not hinder. ed the extension of American inter- ests. The Robert Dollar Co., the Pa- cific Mail Steamship Co., the Admiral Oriental Line, and the Green Star Steamship Corporation are among the leading shipping firms plying between China and America. When the for- eign governments concentrated war- ships at Canton in order to prevent Dr. Sun Yet Sen from seizing the cus- toms funds, an American flotilla of five destroyers participated and an American admiral was put in charge of naval operations. The Department of Commerce is now proposing sever- al amendments to the China trade act of 1922 so as to remove the feder- al tax and other penalties and thus aid American corporations in Chinese business. It has been estimated by the Union Trust Co. of Cleveland, that the re- cént Japanese earthquake has result- ed in the destruction of 2 per cent of the wealth of the entire empire in an area covering one-seventh of the country. This has enabled the Amer- ican capitalists to extend their influ- ence in Japan. The United States is proving to be the leading banker and manufacturer in supplying the funds for Japanese reconstruction, It has been estimated that about $300,000,- 000 will be needed to help Japan re- store its losses. A group of American capitalists, amongst whom are found such power- ful concerns as J. P. Morgan & Co., Kuhn, Loeb & Co., the National City Co., the First National Bank of New York, Brown Bros. & Co., Philadel- phia, Lee, Higginson & Co., have just gotten together with about fifteen other banking firms and floated a loan of $150,000,000 to Japan. This is the « |largest Jong term foreign loar floated in the United States since the armis- tice and marks a positive step in ad- vance towards American financial and commercial supremacy in the Far East. At the close of last year there was organized in Tokio the Japanese- American Engineers’ & Contracting Corporation, capitalized at $50,000,- 000, which is to be financed and con- trolled jointly by American and Jap- By JAY LOVESTONE, anese interests. Thru the organiza- tion of this company American capi- talists have assured themselves the role of the dominant group in the re- construction qf Japan. The Tokio Blectrie Co., which has recently ab- sorbed nine competing companies, has formed a combination with the West- inghouse Plectric Company of Ameri- ca, Likewise, the General Electric Company has concluded a combina- tion with the Shibaura Blectric Works; the Western Electric Com- pany has formed a combination with the Nippon Dento Electric Works. The hand of American capital is also suspected in the recently announced union of flour mill companies in Jap- an, Thru this merger six of the big- gest companies with a combined daily producing capacity of close to twenty thousand barrels united. This cor- poration is now planning to swallow up fifteen smaller companies and or- ganize itself into a‘national federa- tion. In China our imperialists are on their guard. At the conference of the Associated American Chamber of Commerce of China and Manilla, re- cently held at Shanghai, our capital- ists passed a resolution demanding that Washington immediately strengthen the American marine, na- val and military control in China to the fullest requirements, It is said that this was. “the most important meeting an American commercial or- ganization in the Far East has ever held”, The fact that Japanese im- perialism has not yet been able to col- lect dividends in its Siberian and Kor- ean ventures, coupled with the fact that American. capitalists are stead- ily extending their influence in the Far and Middle Hast,-only accentu- ates the points of conflict between the United States afd Japan. In the Near East, American tmper- ialism is also making ifself felt, The famous Chester concessions, the drive for ofl in Mesopotamia, and the grow- ing interest of American investors in Palestine and Syria, indicate the di- rection of the trade winds here. The Yankee imperialists have their eyes on Europe also. Wall Street has done more than its share to turn Aus- tria into a coolie colony. Our capital- ists are now landing heavily on Ital- ian resources and bolstering up the Fascist tyranny of Mussolini. At the close of 1923, there was announced the organization of the Italian Power Co., a 100 per cent American corpora- tion organized to finance light and power enterprises in Italy. Among the directors of this new American im- perialist output are Morgan, Mellon, the Bankers’ Trust, General Electric, and Rockefeller interests, displacing French and. Swiss interests. . Our capitalists are interested even in the wildest thickets of African in- vestments. In the recent Tangier controversy, involving about half a dozen European countries, the United States, that is the Stone & Webster Electric & Power interests, were rep- resented by Father Denning, who was supposed to be bringing the light of Christianity and the power of the Savior to the backward tribesmen. (To Be Continued Thursday.) CLASS WAR PRISONER LIKES DAILY WORKER; THINKS GARMENT STRIKERS ARE PUTTING UP AN HEROIC FIGHT To the DAILY WORKER: Someone has placed my name on the sub- scription list to the DAILY WORKER. I wish to thank that one, whoever it may be. I immensely enjoy perusing its columns. The DAILY WORKER staff most certainly are waging a beautiful fight and instilling a wonderful spirit of solidarity for and into the ranks of the striking International Ladies’ Garment Workers’ Union, These striking garment workers are putting up a good fight. I wholly agree with them that strikes are won on the picket line, altho the or- ganization in which I hold a member- ship card (I. W. W.) believes that strikes are won on the job. That is scientific, there is no doubt. It is too scientific for the amount of real class education that we, the masses have had. We've had the fear of the] y boss instilled into us even before we were old enough to walk and to ex- pect us to very suddenly lose that fear is expecting too much. It takes more class education to successfully strike on the job than the masses will have in the next 26 years, Women’s Political Convention. WASHINGTON, April 22.—Twenty- five states have responded thus far to the call for delegates to a meeting to be held here early in May to formally organize the Woman’s Committee for Political Action, Delegates to the na- tional convention of the Conference tor Progressive Political Action will be elected, and a program will be adopted. The movement is similar ‘eral months ago there was form-| guarantee the safety of their invest-in general purpose to the C. PP. A, We are class war prisoners, vic- tims of a war between the working class and the employing class. I am yours for ours, Bert Bland, No. 9411, Walla Walla, Wash. (Bert Bland is one of the eight Centralia defendants, serving 25 to 40 for their defense of the Cen- tralia |. W. W. hall against American Legion raiders, Armistice Day, 191 The General Defense Committee now conducting a drive for their ri lease and the Farmer-Labor mov ment of Washington is making this a campaign issue—Editor’s Note.) Wedded With Typewriter. MONROE, Mich., April 22.—A type- writer came to the rescue when two deaf mutes appeared before Justice Lee Smith today to be married. The justice pounded. out the ritual, an interpreter translated it into the sign language as the justice recited it and Jacob Kaler, 35, and Mildred Comer, 21, both of Bucyrus, Ohio, were married without saying a word. A LAUGH FOR THE CHILDREN RUBBER SLAVES RAID HOMES OF WHITE MASTERS Punish Exploiters Who Pay 6 Cents A Day (Crusader Service.) GEORGETOWN, Demerara, April 8.—(By Mail)—Exploited beyond en- durance on starvation wages, the col- ored workers of this British colony staged an armed demonstration here on April 7. The demonstration be- gan as a workers’ parade and ended in the raiding of the homes of the bourgeoisie, the wrecking of street trams, the turning off of the electric power and the general demoralization of the scared bosses and colonial au- tnorities. i As the great workers’ parade, call- ed in protest against working condi- tions and wages here, passed MclIn- roy’s building, many of the partici- pants left the line and rushed the tram cars, demanding that the mo- tormen and conductors join the dem- onstration against labor's exploiters. The idea spread and many workers now drew from the lines and stores, were closed and the clerks invited to join the demonstration or go home. Chief of Police Thrashed. Chief Ticket Inspector Phillips, a Barbadian, got a good licking for at- tempting to take the place of a mo- torman who was ordered from his post by the demonstrators. The work- ers then marched upon the water tanks and power house and forced the workers to quit and join the dem- onstration. Many of the homes of the rich were entered and the luxurious furnishings torn down and thrown out into the yards or on to the sidewalks. The workers made no effort to loot. They just threw things out. Among the homes entered was that of Cados, manager and local representative of the Demerara Bouxite Co. and Spros- tone, Ltd. All of the expensive fur- nishings were torn down and destroy- ed, and many a box of fine cigars and cases of champagne and other high- priced wine were destroyed by the starving workers. The demonstrators experienced lit- tle opposition from the police who are, indeed, in sympathy with the poor starving wretches. However, re- prisals may be attempted by the bour- geoisie as war ships have been cabled for and several are now on the way. Object to 6-Cent Wage. The workers of Demerara have ‘een existing in precarious condition Jor some time past. Unemployment is-rife and wages are extremely low. The bosses want.to give a man only six cents a day for. arduous work in the jungles gathering rubber. SIOUX FALLS IS STAGING FIERCE ELECTION FIGHT Old Party Pols Strike For Workers’ Vote SIOUX FALLS, S. D., April 22.— The great American democracy is on trial in Sioux Falls. The most spec- tacular and bitterly contested city election ever held in Sioux Falls turn- ed out to be a “stalemate.” Mayor Burnside, “friend of labor”, who grad- uated from a hack driver to the chief magistry of South Dakota’s largest city, which he has held for 21 years, was up for re-election. He was op- posed by George W. Egan, four times unsuccessful Republican candidate for Governor, twice dis-barred for swindl- ing his clients, and now under a*two- year sentence to the State Peniten- tiary, charged with making false affi- davits in connection with an insur- ance loss. The third candidate was Thomas McKinnan, a contractor. Egan received 550 votes out of over 11,000, but did not receive a majority, and the final battle is to take place between Egan and McKinnan today. Practically all of the unorganized la- bor of Sioux Falls, support Egan, who is an actor orator and a 100 per cent “boob-charmer.” The “best people” and the business interests generally, are supporting McKinnan. The vote for Egan is regarded—not as an en- dorsement of him or his record—but a8 & mass protest against existing conditions—locally and nationally. As an aftermath of the election last Tuesday, charges of wholesale illegal voting are being made by a Citizens’ Committee, and about 1500 votes cast are being investigated. It is charged that Egan’s supporters ransacked the country towns surrounding Sioux Falls, and ran in several hundred votes for him, — Kiwanis Robbing Cradies. (Special to The Daily Worker) CLEVELAND, 0., April 22.—The Kiwanis Club, at South Buclid, is to finance @ aursery schoof for children of 22 months to school age to be es- tablished here at the Rainbow Hos- pital, The school will be modeled aft- er the Merrill-Palmer School in De- troit and a teacher will be brought from the Mary Warde Settlement in Page Five In the May Issue! “THE MOVIES IN RUSSIA” By WM. F. KRUSE. A generously illustrated art! by one who has travelled thru- out Russia with a moving picture camera OTHER FEATURES Democratic Japan . sa veyorreres . The Famine in Germany. 000. ,. Max Bedacht A Middle Class American Reacts to Russia....Kar! Borders Interesting Photographs Internationally Known Contributors SUBSCRIBE NOw. M. Hoshi $2.00 a Year $1.00 Six Months SOVIET RUSSIA PICTORIAL, 32 S, Wabash Ave., Chicago, Ill, NAME .. oe eee vf CTT TTT LLL LLL LLL LLL LLCO 7 2 A Tale Of Two Republics RUSSIA AND GERMANY Coming To Orchestra Hall, May 14, 1924--at 7 & 9 p. m. —ONE NIGHT ONLY— Under the auspices of The Friends of Soviet Russia and Workers’ Germany Room 303, 166 W. Washington Street PROCEEDS FOR GERMAN RELIEF. ; These pictures were taken in Germany and in Russia. UU AOUAREUOAUAAAOAGAAAAOOGERLOUOQOUEEEEOUUUUUAANSOEOOUUOOUOQOEEEONOOUAUULANREEUOUAUTERE EAU DO NOT LET THIS HAPPEN TO YOU--- Come to my office and get my personal attention My work and advice is absolutely the best—My experience is worth consideration—11 years on the same corner. Prices reasonable. 10 per cent to all readers of the Daily Worker. DR. ZIMMERMAN «DENTIST... 2000 N. CALIFORNIA AVENUE STVUAHAUAAEAT TAREE ALERT A Extracting a Speciaity Gas and Oxygen-—X-Ray London. The business men catch | 20 lesson book, $1.00, C. 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La Salle Street CHICAGO Dearborn 8657 Central 4945-4947 ne Sp Gy ASHER B. PORTNOY & CO, nd Beogratere re PAINTERS’ SUPPL. Estimates on New and Old Work 619 WAU! VE. CHICAGO HELP WANTED _ (EARN THE BARBER TRADE Raymer, 1390 F, Firet Aye., Seattie, Wash,