The Daily Worker Newspaper, July 28, 1924, Page 3

| I } | Street parties and LaFollette’s petty |terests which have an investment of \ As editor of the | ™ore than ten million dollars in ter- Jewish DAILY FREIHEIT, Gitlow in-| ™inal facilities and docks, Phesident ereased the circulation 7,000 over its| Zayas has just enacted a law provid- former circulation. The Jewish’ trade | i2& for compulsofy administration of unionists are expected to listen to all industrial disputes involving the itlow’s message eagerly, thru the|@0ck“workers of Cuba. This means ‘| bourgeois movement. ‘ f Monday, July 28, 1924 FOSTER-CITLOW THE DAILY WORKER Page Thres Orel |U. S. Seizing at World Power TO.STIR WORKERS Steel Towns Plan Big Meeting August 17 By JOSEPH MANLEY The chief standard bearers of the ‘Workers Party of America, William %. Foster,-its candidate for President and Benjamin Gitlow, for Vice-Presi- dent, will enter the political struggle almost immediately. Speaking dates covering half the country are now be- ing arranged. KR: Foster will tour Illinois, Wisconsin, Missouri, Iowa and Minnesota. In Minnesota particularly big gatherings are expected. The recent convention of the Minnesota: State Federation of Labor, at which a straight out fight on the candidacy of Foster or LaFol- lette occurred, has dramatized the poli- tical fight thruout the state. A large blocif of Communist delegates in the State Federation convention fought for the adoption of constructive trade union and political policies that if car- ried out would take the control of the workers of Minnesota away from the United States Steel Corporation and the old parties which it owns. Foster’s name was recognized by the rank and file elements of the conven- tion as the one which symbolized amalgamation and the labor party— the principal issues around which the Struggle occurred. Invade “Bob-cat’s” Den. Ip Wisconsin Foster will lay down the gauntlet “to LaFollette himself. The workers in the big open shop packing houses and steel mills of Mil- waukee, will again have an oppor- tunity.to hear the man who headed the campaigns:that in 1917 and again dn 1918 lead them against the two most powerful trusts in America. At these Wisconsin meetings followers of LaFollette will have an opportunity to hear how the Communists propose to handle the trusts, in contrast with the outworn LaFollette program of “trust’ regulation.” Gitlow Tours East. Benjamin Gitlow, will tour the east- ern states of Massachusetts, Rhode Island, New Hampshire, New ’York, Pennsylvania, Maryland, Michigan, In- diank, and Ohio. Gitlow has been active in trade union circles in the East for many years, in the retail clerks’-union, and in the Amalgamated Clothing Workers. Gitlow is a powerful speaker, and Communists against the two Wall iheit, as well as in his meetings. Foster Demonstration. Word has just been received at the office of the Campaign Manager that }® great. open air demonstration for the Presidential merica, will be staged at Youngs- wn, Ohio, on August 17th, Wallace T. Metcalfe, of Youngs- own has charge of the arrangements. e reports that it will be one of tle reatest outpourings of steel workers hat has taken placd since 1919. The (Continued from page 1,) the gunboat Tulsa, are being held in readiness for action. The Wall Street Journal tells us that* “holders of . could desire, the Yankee marines have been ordered to leave that helpless subject country. The family of Hen- riquez Urena, the president of San Domingo, whom the American marines Brazil Federal bonds have put theirfdeposed, is now in exile. The puppet trust in the executive, that is, (Presi- dent Bernades) and cannot regard lis discomfiture with complacency.” U. 8. SwaWowing Canada. Canada—More than two and a half billion American dollars are now in- vested in Canada. About half of this vast sum is in bonds and the re- mainder™in ‘stock holdings, ‘foreign mortgages, industrial enterprises, and private loans. There are now more than seven hundred American branch factories in Canada. Nearly twenty per cent of all American foreign in- vestments are in the Dominion. The influence of American capital- ists in Canadian politics is growing at a menacing rate. Today the most pressing question confronting Can- adian industry is whether it should enact a law providing for reciprocity and free trade with the United States. U. &. Agreasions in China. China—The United States navy is now spending more than three million dollars a year in maintaining a patrol of naval boats on the Yangtze river. It was the pressure of American capi- talists thru the United States diplo- matic channels that has compelled the native authorities at Canton to launch a campaign of terror against all Chinese who are opposed to the plund- ering of their country by foreign in- terests. For instance, all Chinese en- tering concessions area on the Island of Shamen after nine p. m. are re- quired to produce a permit with a pho- tograph of the bearer. It is the determined refusal of the Southern Republican Chinese leader, Dr. Sun Yat Sen to yield to American capitalist pressure that has lined up the United States government behind the reactionary north China puppet monarchists who are, ready to hand over the tremendous natural resources of the country to the foreign capi- | talists. U. 8, Finance Rules Cuba. Cuba—The amount of Ameritan money invested in Cuba is now timated at a billion and a quarter dol- lars. American capitalists own sugar properties valued at three quarters of a billion dollars; railroads at a-hun- dred and ten million dollars; public utilities at a hundred million dollars; Tealty at eighty million dollars; tobac., co and cigars at fifty million dollars, Besides, American investors also hold |\%s expected to unite the radical ele- about a hundred and ten million dol- ments of the East solidly behind the |lars of Cuban government bonds. Inspired by American shipping in- that our employing class has robbed one of the most important sections of the'Cuban working masses of the right to strike, Santo Domingo—Now that American bankers have gotten everything they president-elect of the Dominican re- public, General Horacio Vasquez, is ready to do the bidding of our fin anciers. Wine Domingan Puppet. The rubber stamp Vasquez was blessed by Coolidge and dined and wined by a group of leading Amer- ican bankers before he left New York, June 28, for his new office. Among the captains of industry and finance who did General Vasquez fare- well were: J. H. Craig, of the Clyde Steamship Company; Joseph Cullman, of the Tropical Tobatco Company; H. T. S. Green, of.the International Bank- ing Corporation; Thomas Howell, of the West India Sugar Finance Corpor- ation; Judge Schoenrich, of the West India Oil Company, and B. W. Pulliam, receiver of customs of the Dominican republic. Dutch East Indlee—The United States is now second only to Holland in the investment in governmental bonds in the Dutch East Indies. Amer- jean capitalists now hold more than one hundred and fifty million dollars of such bonds. During the war, Amer- jean capitalists obtained an outstand- ing place in the trade of the Dutch East Indies. They are now consolidat- ing their gains in the premier colony of Holland and are being watched closely by the latter country which has more“than one billion doljars in- vested in this territory, U. S. Octypus Grips Japs. Japan—Bitter resentment over the Immigration Exclusion Act is sweep- ing over the Island Empire. A boycott has been organized against certain Anterican goods. But this is not meet- ing with success. The film boycott has already been given up as a failure, In the realm of finance, Japan is like- wise helpless before the Américan banking colossus, The Japanese are turning more and more to the United States money market. The fifteen mil- lion dollars first mortgage bonds, of the Great Consolidated Blectric Power Company of Japan are tobe floated in New York instead of London. ’ “* © MAKING MEXICO A COLONY. Mexico — Ambassador Charles B. Warren is retirning from Mexico City after expressing complete satisfaction with his work in behalf of American investors. Samuel M. Vauclain, presi- dent of the Baldwin Locomative Works, has just returned from Mexico and advises American businessmen to invest their money and credit in the southern republic. The First National Bank which has recently acquired 4 layge interest in the Southern Pacific Railway is now greasing the way for constructing a new fast railway line, linking up Mexico City with the Middle West. Persia—The struggle in Persia is as- suming a three-cornered nature. Amer- ican oileinterests are moving to get rid of British competition. The Union of Socialist Soviet Republics is fight- SAVINGS BANKS DEPOSITS FALL AS UNEMPLOYMENT IS FORCING WORKERS TO EAT UP RESERVES ing against both imperialist groups. The death of Major Imbrie, the Ameri- can consul who has for years served as a scavenger in the most dangerous situations for the Yankee imperialists, having served in Leningrad in 1918, may have been occasionéd as reported by his attempt to photograph a relig- ious gathering. Yet the incident is typically indicative of the deep-rooted hatred of American and other foreign exploiters by the Persian people. Philippine Istands—The search for oil condueted in the Philippines for more than five years by the Standard Oil Company of. California has not produced satisfactory results. The American auditor Wright has perman- ently suspended the Philippine annual independence fund of a half million pesos. The senate of the Philippine legislature is bitterly absailing Gen- eral Wood for his usurpation of pow- ers, particularly in reference to cer- tain appointments in Mindanao and Sulu. Thieves Fight In Roumania, Roumania—Fresh evidence is pil- ing up of a sharp conflict between America and Roumania over the United States ofl interests in the Balkan country. The Standard Oil Company alone has more than seventy million dollars invested in Roumania. Under the new law the Standard Oil property ‘and the Roumanian debt to the Baldwin Locomotive Company are in danger of loss and repudiation. American Minister Peter Augustus Jay has just hurried to Washington to report on his efforts to help Messrs. Otis and Edwards, the two Standard Oil agents in Roumania, where the American corporation operates under the name of The Romano-Americana Company. The new Roumanian law requires sixty per cent of all foreign companies in the country to be owned by Roumanians. U, S. In Tangiers. Tangiers — Secretary of State Hughes, before sailing for Europe, notified the British, French, and Span- ish governments of his refusal to ac- cept their plan for internationalization of the Tangiers zone. The secretary of State demanded that American citi- zens should receive equal rights in the commercial facilities of the port. Mr. Hughes further declared that the United States would not surrender its capitulatory rights in Tangiers, the rights that Americans accused of crime have of being tried before spe- cial American consulate courts, until an adequate system replacing this method will be put in force. Venezuala—The Sinclair Explora- tion Company has secured a twenty- five year*lease for the central area of Buchivachoa from the British Con- trolled Oil Fields, Limited, This is of international significance in yiew of the fact that Venezuala has long been one of the greatest sources of oil for British imperialism, se HUB OF FINANCE. Despite London's having tremen- dous’ prestige for generations as the world’s financial center, New York is today clearly establishing its leader- ship in international finance. There are now over two million dollars of for- eign bonds listed on the New York Stoek Exchange. In the twelve months ending June 30th, 1924, the United States received from the world more than four hundred and seventeen mil- fhion dollars gold. When the New York Federal Reserve Bank recently lowered its re- discount rate to three and a half per cent a London financial authority de- clared: “Any move calculated to lower the scale of interest charges in New York adds, of course, to the attractive- ness of the American capital market to foreign borrowers. But, whether the motives actuating the Federal Reserve Board are complex or simple, the latest reduction in the New York rate is of far more importance to London jthan the previous change. The latter | merely brought the New York rate in to line with our own; but the latest change places the New York rate at |one-half per cent below that of Lon- jdon. It also makes it lower than the bank rate in any other center of the world.” From January first, 1920, to April first, 1924, there were floated in the London market only $896,500,000 of foreign loans, as against $1,586,500,000 |in the New York market. The dollar is certainly setting the pace for the pound. In the same period there is a steadi- ly mounting business between the United States and South America. For the first eleven months of the recent fiscal year the trade between the United States and the Latin coun- tries totalled more than one billion dollars. Dominate London Conference. The acme of the American imperial- “Sel VOTE ist effort was attained at the London International Reparations tonference now in session. Coolidge has let it be KRown that he‘approves of Owen D. Young asithe “Agent General for Reparations.” Time and again when the London conferees were in a deadlock, it was this Mr. Young, the head of the Gen- eral Electric Company and closely al- Ned with the Morgan interests, who helped the allied representatives over- And. while Thomas W. Lamont of J. P. Morgan & Company, was insist- ing upon the French evacuation of the Ruhr as @ prerequisite to an American loan to Germany, Mr. Hughes, visit- ing London “incognito,” told the in- ternational capitalists that “It does not matter that this aid is not given by the government. I may give it as my conviction that had we attempted to make America’s contribution to the Tecent plan of adjustment a govern- mental matter, we should have been involved in a hopeless debate and there would have been no adequate ac- tion... All discusions will be futile unless the arrangements ultimately made satisfy the investing public. We appreciate the difficulties but we be- lieve that the Dawes plan opens the paths of confidence and prosperity. For that reason we are deeply in- terested in its prompt execution. The Investment Bankers Associa- tion of America is already broadcast- ing appeals in behalf of participation in the Dawes loan. It has been estim- ated that American participation in all the loans provided for by the Dawes scheme would entail an investment of move than two and a quarter billion dollars, or nearly twenty-five dollars for every man, woman, and child liv- ing in the United States. Forcing World War. The shadow of the heavy hand of American imperialism has fallen over nearly every country in the world But the rapid strides being made by our financial overlords towards world economic supremacy will in time arouse the opposition of competing capitalist groups and win for the United States the hatred of the rest of the world. The cloud over the world, the cloud of victorious American capitalist im- perfalism, onée it breaks, can and will onjy be a thunderstorm bringing wide- spread universal strife, an infernal devastating world war. FOR FOSTER for PRESIDENT Get a photographic reproduction of this new picture of Foster free. Every Reader of THE DAILY WORKER come the various reparation hurdles. | AMERIGAN: SLAIN IN PERSIA WAS A SECRET AGENT (Special to The DAILY WORKER) TEHERAN, Persia, July 27.—The | already serious feeling against Amer- jicans which existed before the un- fortunate death of Maj. Imbrie, U. § ice consul here, has been greatly ag- gravated by the present turn of events. Several hundred peple have been thrown into jail on the pretext that they’ participated iti t y set upon the Americ when he rode into their ranks’ wear- |ing a Persian turban and attempted |to photograph.the multitude conduct- jing “@ ceremony at the sacred foun- jtain. It is a misdemeanor in Persia |to photograph a native woman and | there were many in the crowd at the | fountain. | Where Did The Money Go? The Medjilis, parliament, had pre | Viqusly been criticizing the American | financial, advisers to ‘Persia, headed | by Mr., Millspaugh, for failing to pro- | vide 1 reforms in the state finane- es. T bud for the past ‘year showed.a great deficit, Bad prac- tices, unbusine ke methods as well as defective boc found to t in the fi ment. Millspaugh could give no satisfaé- tory explanation when requested to jd0 so by the budget committee of | the Medjilis. | The American financial advisers did jall they could to oper the Persian |merchants who. w d to send goods jto the recent Baku Fair, Russia. The consignments | Tavris railw were held’ up on the altho the owners had jall the necessary permits and visas. |The Americans are still «hindering Persian trade with Soviet Russia. Secret Service Agent. | Vice-consul Imbrie had been sta. | tioned in Petrograd in 1918. Later he directed American military intelli- | gence work from Viborg, Finland, and made five personal trips into Russia disguised as a peasant. Imbrie’s se- cret service record was known here and the Persian workers looked on him with suspicion. Martial law reigns here now and all voiced opposition is immediately stifled. The government has .been prevailed upon by foreign influence to suppress all papers criticizing the situation and to give “agitators against law and order” capital punish- ment. 4 SVTUNUUU CCU and WORK By LELAND OLDS * (Federated Press Industrial Editor) Unemployment is again a serious problem, says Chief Statis- tician R, D. Cahn, Illinois department of labor, discussing the wave of unemployment which has put 80,000 factory workers on will be a worker for f FOSTER FOR PRESIDENT fahoning Valley in which Youngs- own is situated, is one of the great-|~ st steel producing districts in the, orld. It is the home of the Youngs- own Sheet and Tube. Remember August 17th. Printed on a fine grade of paper. 12 inches wide by 18 inches high. Suitable for framing or posting in your window. bor paper of Youngstown and some f the professional Business Agents ‘pf the craft unions that kept the orkers so badly divided during the reat steel strike. It was this sup- ‘alled labor leaders that clinched iteel workers for Foster. The demonstration will be staged Avon Fark, which is close to angstown. Steel workers and their anilies, from the nearby steel towns f Warren, Niles, ‘arrell, Bessemer, Leetonia, Struth- ers of the Workers Party. The whole bei, William J. White. eneral’s Lady Busy Boosting _ Husband’s Trade WASHINGTON, July 27. — Since jen, Amos Fries, recent chief of the from his denunciation of women’s ise My Boy To Be A Slacker.” cers association, to combat the proppganda, Girard, New Castle, | cnitdren’s bureau of the Foster is a popular figure with the|the street in Illinois alone in addition to unemployed miners and teel workers of the entire Valley.| others graduated into industry during the year but unable to find controversy is raging amongst them|jobs. He points to reports that *——————___—__——_ ver Foster or LaFollette. This was|warehouses aue full of mer- recipitated by the editor of the fake chandise as an indication that there:is no immediate prospect of a material betterment. “Manifestly,” he says, “we have either not learned how to control ort of LaFollette comingstrom, the | #uctuations, of the business cycle. “Unemployment is not alone an in- e support of the*rank and file of th e dividual problem, it is a problem that concerns all society. When people are without work they are not earn- ing. For a time they live on savings from past earnings, but savings soon are exhausted. When savings are gone, then what? Studies by the U. 8. depart- ment of labor indicate that there is i's, and East Youngstown, will go by|a definite undermining of the stand- reet car or auto bus to the park. ard of living. People get along on ntertainment will be furnished by |jess than is sufficient to maintain big Finnish band all of them mem-|them in health.” Cahn suggests no more definite ‘air will be presided over by that|ways of dealing with the situation teran steel worker and well known|than centralization of job placement in thé free employment offices, en- couragement of employers to spread the lMmited work among as many workers as possible, stimulafion of public works and charity. . * * Eating Up Savings. Leading savings banks in New York and vicinity report a conspicu- ous increase in withdrawals and re- emical warfare service in the war! quction in deposits in the latter partment, has been officially ‘Called of the half year ended June ae cording to, The Wall Street Journal. sjts showed a decrease of $417,000. enty thousand copies are to be| increases in some parts of the coun- nted and distributed by the reserve |try were balanced by heavy decreas- an-|es in industrial centers where unem- "me mst, cn a ings in New York and vicinity fell off $678,430 during the month; in Penn- sylvania towns including Pittsburgh $113,373; in Chicago $72,125 and in Detroit $25,561. * . Big Pennsylvania Drop. Employment in Pennsylvania man- ufacturing establishments feli off 4.2 per cent from Mdy to Juné and per capita earnings fell off 5.1 per cent, indicating a probable curtailment of 9 per cent in operations, according to the monthly statement of the Philadelphia . federal reserve bank. The most noticeable los occurred in metal manufacturing and textile products. - Steel works and rolling mills cw employment 7.4 per cent and pér capita wages 11.9 per cent reducing ‘operations by 18.4 per cent. Iron and steel forging plants reduced employ- ment 6.4 per cent, per capita wages 11.8 per cent and operations 17 per cent. Reductions in other industries included automobile employment 8.9 per cent, wages’ 4.6 per cent, opera- tions, 13,1 per cent; woolen’ and wor- steds employment 11 per cent, wages 1.8 per, cent, operations 12.1 per cent; dyeing and finishing textiles employ- ment 4.2 per cent, wages 13.4 per cent, operations 17.1 per cent; glass works employment 4.7 per cent, wag- per cent, operations 13.8 per cent; furniture employment 12.4 per cent, wages 4.5 per eent, operations earnings in the industry rose 2 per cent while in the lumber industry 25.8 per cent was added to the num- ber on the payrolls and per capita % 4 im ‘THE DAILY WORKER Chicago, Ill. Isub, ; INGEN G. asssssrocessenien 1 City: . YOU!! THE DAILY WORKER. will be the best, the most incessant worker for - - FOSTER FOR PRESIDENT SEE eee ene WORK!! For Foster for President by securing new subscribers to THE DAILY WORKER 4 MONTH SPECIAL ELECTION CAMPAIGN SUBSCRIPTIONS (For new subscribers only) Get a New Reader for the DAILY WORKER and a Big Picture of Foster for Yourself USE THE COUPO 11113 W. Washington Blvd., ; I have sold a Special 4-Month Election Campaign Please send me FREE the picture of Foster. ace activities, his wife has been|rnis is attributed in large measure| 16,4 per cent. | Naaman aN it CHEYS sesssesannsnnnee listed by the, army-navy-diplomatic | to slowing up im business and to un-| * Manufacturers of electrical \ ma- Street: que to carry on. She {s announced | employment. 5 cbthery, and’ apparates. laid off 10.8 1 B BhescvogessseeWacssesesocescvssarecciooocososonsonsossoeeoovesieesedsoossoveesonsee ‘ author of @ song entitled, “I Didn't] During June’ postal savings depo-|per cent of their forces but average State: New Subscriber's $2.00 mCmMalagee! Lyre iret ary Gee be dl en a a ee ee = rr oe me