The Daily Worker Newspaper, March 14, 1926, Page 4

THE DAILY WORKER Published by the DAILY WORKER PUBLISHING CO. 2118 W. Washington Bivd., Chicago, IM. Phone Monroe 4712 SUBSCRIPTION RATES By mail (in Chicago only): By mail (outelde ef Chicago): 96.00 per year $4.50 six monthe | $6.00 per year $3.50 six mouths $2.50 three montha $2.00 three months Address all mail and make out checks to THE DAILY WORKER, 1118 W. Washington Bivd., Chicago, Illinois TD J, LOUIS ENGDAHL WILLIAM F. DUNNE MORITZ J. LOEB.....unmennenenenn Business Manager PSII ceri centr snes sso oan SRD 2 AR Sia ES ON Batered as second-class mat! September 21, 1923, at the post-office at Chi- cago, lil, under the act of March 3, 1879. Advertising rates on application. SSS Britain Moves Against U. S. At the present time all is grist for England that comes to the mill of the league of nations. The league is being used by the Brit- ish statesmen in a desperate effort to gain advantages in the world conflict raging between British and American imperialism, While the capitalist press of Britain consumes columns of space praising the decision of the United States senate to bring about American adherence to the world court the statesmen of that nation conspire to devise means of keeping this govérnment out of the court. Only this week it came to light: that while the heroes of Locarno were waiting on Briand to straighten out the internal political muddle of France so. he could attend the extraordinary assembly of the league they made good use of their time by holding secret con- ference in an effort to organize a conspiracy against the entry of the United States into the world court. A special commission has been secretly appointed to render an advisory opinion, also secret, to the agents of Britain, France, Italy, Japan and such other nations as may safely be included in the plot, regarding the probable effect of the five American reservations adopted by the senate. In spite of the attempt on the part of Britain to shroud in secrecy the eon- spiracy, the spies of the United States government, probably acting as representatives of other governments, have revealed the whole works. Naturally in the United States the middle west press utilizes the expose to again raise the hue and cry that the league controls the permanent court of international justice, thereby again refuting the Mellon-Coolidge-Wall Street republican-democratic coalition claim that the two institutions are separate and distinct. As op- posed to this contention the Morgan press must maintain a discreet silence, hoping the statesmen of the two conflicting imperialist pow- ers—the U. 8. and Britain—may be able.to hush up the matter. Regardless of. the outcome of the affair, one thing is certain and that is the fact that Britain does not want the United. States to become a member of the world court for the.reason that the league and its court are being utilized by Britain in its struggle to over- come the mighty power of Wall Street in Europe. This latest sub- terranean moye on the part of Britain against this country again proves our contention that the House of Morgan favors its agents at Washington entering the court not for the purpose of initiating an era of peace, but in order to strive to wrest control of the court and the league from the hands of Britain and use them for its own imperialist ambitions. None but the veriest dolt in politics can fail: to perceive that Britain’s policy in Europe today is directed toward the creation of a defensive and offensive alliance against the ever-growing power of American bank capital. The agents of Wall Street know this and that is why they spent millions of dollars to try to force this coun- try into the court. To counteract these sinister imperialist intrigues the workers of Britain and America must strive with alt their might to bring about world trade union, unity, to unite the workers of -the two great imperialist countries with the workers of the’ smaller nations and the great anti-imperialist Soviet ‘Union in order to strive to eripple imperialismin its mad course toward an unprecedented slaughter of the peoples of the world. <p 390 A Matual Admiration Clique Most amusing was the attempt in New York the other day of the rag-tag and bob-tail elements formerly vitiating the reyolution- ary movement with their presence to organize an anti-Communist two-and-a-half international group. Ludwig Lore, social-democratic opportunist, joined hands with the bourgeois lawyer, Louis B. Boudin, and that clownish perverter of Marxism, Harry Waton, in a futile effort to create a political party representing their own dis- ordered views. The majority. of those who attended had a good laugh at the antics of the self-appointed triumvirate and, after en- dorsing the Workers (Communist) Party as the vanguard of Amer- ican labor, left the hall. Certainly a more grotesque combination of disappointed “saviors” of the workers would. be hard to find. Lore, editor of the Volkszeitung, whose shifty opportunism is well known to our read- ers; Boudin, the anglophile who some years ago wrote a book on Marxism, perverting the theory in a typical left social-democratic fashion; and Harry Waton whose “contribution” to the gaiety of the movement consisted in seriously propounding that unique doctrine that the way to interpret Marx is by utilizing the system of Baruch Spinoza, whereas orthodox Marxians hold that the only ex- planation of Marx is to be found by applying his own method known as historical materialism. F Waton has never been taken seriously by responsible revolu- tionists.in this country; Boudin“is only a feeble echo of Kautsky in the United States. Lore is the onlyone who has had any standing in the movement within recent years. His incurable opportunism recently placed him outside that movement, Nothing that has hap: pened since his expulsion from the party has so thoroly vindicated that action as his association with Boudin and Waton in an effort to give birth to a hybrid that turned out to be only a puny abortion. A millionaire’s son found guilty of raping a white girl in Michi- gan is granted his life by a judge who permits his appeal to a higher court. If he had been a Negro, tho absolutely innocent, the judge would have praised the mob that burned him at the nearest stake, TONIGHT—8 O°CLOCK SHARP—DOORS OPEN AT SEVEN FIGHTH ST. THEATER 8th St. and Wabash Ave. (Continued from Page 1) ployed has sunk. France is another exception, as there -is-still no great degree of unemployment here, The Export of Capital as Imperialist Weapon, T is a well known fact that under imperialism capital export invaria- bly serves as a means towards the preparation of an extension of imper- ialist power. At the present moment this is again the case. The sharp di- vision of the capitalist world into “poor” and “rich” territory after the war—into over-producing and under producing countries—has not yet been fully overcome. The currents of capital export, which before the war radiated from Western Europe, as center, in every known direction, and even to Amer- ica, have now taken quite another course. Today it is the United States which is the decisive center of capital ex- port! The smaller countries of Europe: Switzerland, Holland, Swe- den, play very subordinate roles. In England, once the leading country of export of capital, capital export came to a complete standstill since about July, 1924. The “embargo” was im- posed, a prohibition which, tho not fixed by law, was issued by the Bank of England (it needs scarcely be said, on the orders of the English govern- ment), and most strictly observed. It prohibited foreign loans beinr placed for subscription on the Eng lish money market. This embargo, in tended to aid the preparation and ac complishment of the return to th: gold standard, naturally exercised ar injurious influence upon England’s ex ports.. It prevented the placing o: loans combined with an export o! goods: for instance, railway loans which include the delivery of rolling stock, and the like. The Federation of British Industries proposed the can- celling of the embargo to the English government on several occasions, The last occasion was at the beginning of October) On Nov. 3 the chancellor o thé gxchequer, Churchill, announce¢ the’ abolition of the embargo in hi speech held at Sheffield; a fact wel- comeqd by the full agreement of the whole. English business and financial world, ‘ NN’ Sept. 25 the president of the’ Federation of British Industries applied.to.the ehancellor of the ex- chequer, and proposed—in consid- eration of the “unfair competition” of the countries with depreciated curren. cies—that a fresh embargo should be TRE DAILY, Varga Shows U. S. Export issued, j This attack .» directed chiefly against @ loan # France. The granting of credits is to serve at the same time as a means of exer- cising pressure upon negligent debt- ors, The raising of the embargo is the signal for the fight with the United States, whose bourgeoisie—after long hesitation, and under the compulsion of the powerful development of Amer- ican capitalism—now finds itself defi- nitely forced into the path of im- perialist capital export, The resolution passed at the annual meeting of the American Manufac- turers’ Association (“Borsencourier,” Nov. 3, 1926) states.that the associa- tion is fully convincéd®that the cau- tious employment of superfluous American capital abroad, in the form of loans for the stabilfaation of, cur- rencies, for the restoration of devas- tated territories, and fo the develop- ment of transport servide and the re- vival of industry, can only be of use to America and to thé whole world, The policy of the fore America equally com service of imperialist policy. Four principles are procla: 1. Loans are: not je granted to states which have debts to America, 2, Loans are not to states which carry on: itary armaments, 3. Loans are not erve the pur- ose of piste | pthe monopoly f any goods importeg into America, 4, Loans are to Serve the purpose f securing supplies of raw materials or American industry, and of gaining n influence upon the economics of te countries to which credits are “anted, Point 1 has been a fixed principle or a long time. It is an actual faci hat the consolidation of the Belgian nd Italian war debts was immediately ollowed by the granting of large oans—at high rates of interest, it is rue not only to the-gtates, but to the iunicipalities and j if stock compa- ies. And on the¥owier hand the ilure of the Frene¢ jegotiations in te consolidation qu b settled their granted to rfluous mil- ya resulted in le disappearance 4 ench , loans rom the American a. aa The extent to which Yhe loans are. sed for purposes of interference in he internal affairs of the debtor ates, and the degree to which Eu. ype is becoming dépendent on the merican bourgeoisie, may bé best ob- tved in the case of Belgium. On Nov. 28 a question was put by aspard, in the Belgian parliament, in NOTES OF AN INTERNATIONALIS The Question of a Labor Party in By JOHN The Communist Party of Norway is at present initiating a campaign which may attain great, significance to the further development of the Norwe- gien labor movement. Our Party, only two years old, has become the driving force for:the formation of a big Labor Party in Norway, Is this campaign in conformity with concrete conditions, does it contradict the traditions of the Norwegian labor movement, does it mean the liquidation of the Commun- ist Party? What are the conditions of the struggle for a Labor Party in Nor- way? The chief form of organization of the political labor movement in Nor- way has been, from the beginning, the Labor Party. The Norwegian Work- ers’ Party, which existed for several decades, was built up on the basis of the collective affiliation of the trade unions, The Social Democratic Party emerged from this Party as the re- sult of a split. It was made up of elements which refused to accept dhe 21 points at the time of the affiliation of the Norwegian Workers’ Party to the Communist Internatwnal. As a result of a second split fn this Party there emerged on the one hand a Communist Party, and on the other the Workers’ Party at present under the leadership of Transmael, which even today conforms, not to the So- cial-Democratic, but to the Labor Party type (organization structure based upon collective membership of entire organizations rather than indi- vidual membership), Hence the Labor Party organiza- tion form is the old tradition of the Norwegian labor movement, called forth by social composition of the proletariat similar to that which in Hungary resulted in the Social-Demos| cratic Party, which is also organized in the Labor Party form. Neither. the Norwegian Workers’ Party nor the Hungarian Social-Democratic Party were produced by the social develop- ment which crystalized the labor party form of political organization in the countries of imperialism and the labor aristocracy (Great Britain, Aus- tralia, United States, etc.), A powerful pressure for unity 1s at present making itself felt within the Rips PEPPER, Norwegian labor movement. This is shown equally by the pro-unity de- cisions of the trade union federation and the demagogic propaganda of the Tranmael Party forsthe- “gathering” of the working class, for the calling of a “general workers’ congress” of all workers’ organizations and work- ers’ parties. The workers’ delegation to the U. S. S. R., which was made up of representatives of all three work- ers’ parties, was also an expression of this unification trend. The slogan for the founding of a labor party was nothing other than afi attempt to give | organizational form to the pressure of the working masses for unity. The analysis of the situation shows that the tactics of the Norwegian Communist Party in seizing the initia- tive for the formation of a Labor Party was absolutely correct. Of course there are dangers, and even very great dangers, connected with this correct united front tactic. There are many elements of our Norwegian Party Standing too far right, who do not fully comprehend the independent led@ing role of the Communist Party, s@ that the” possi bility might arise of our party's dis solution in the formless porridge of a Labor Party. For this reason it is a vital question that tne Communist Party enter the Labor Party as an autonomous party fn every respect, under the maintenance of its com- plete independence, Wts own organiza- Uion, its discipline amd its ideology. On the other hand,however, there presents themselvesialso the dangers of ultra-left sectarianism, which op- poses the Labor Party on principle and does not understand that thru the formation of sich a Party we create a peerless tribune for Com- munist propaganda, and that we take into our own hand# the mighty slo- gan of working class anity. It would, thereforé, be absolutely wrong to allow the logical leader- ip in. the campaign for a Labor ‘arty, as a united front organization, to slip out of the hands of the Com- munist Party, but it would likewise be a mistake to found a Labor Party in miniature, as a mere cloak for the Communist Party, which he inquired of his successor, Vandervelde, whether the press re- ports were correct in stating that the English and American banks had de- manded considerable reductions in the budget, altho the government when issuing the budget, had declared any further reduction to be impossible. To this Mr, Vandervelde replied: “The report which has appeared in the newspapers is absolutely correct, The government had the choice be- tween two lines of attitude: Hither to obtain the necessary capital by means of loans, or to abandon the plan of stabilizing the franc. The gov- ernment has been unanimously of the opinion that despite the unpopularity of the proposed measure it is better to submit to the demands of the foreign capitalists, in order that the stability of our currency may be assured,” The English bourgeoisie hastens, through the agency of its Times, at an attempt at justifying the action of the Anglo-American bankers. In its issue of Nov.. 28, 1925, it declares it to be unfortunate that Mr. Jaspard should regard the matter in this light. When creditors are being sought for, for the purpose of obtaining capital for a borrower, then these creditors have a right to set the conditions un- der which they are prepared to lend. These conditions relate solely to the security of their capital and interest. In inducing Belgium to balance its budget, the foreign creditors are not only protecting their own interests; at the same time they are helping Belgium to improve its credit by the adoption of a sound financial attitude. Mr. Vandervelde sees the matter in its right aspect. . We see that not only the defeated Germany, but also the “allied victo- rious country,” is being placed under financial control, as Turkey or China was at one time. * The second principle, that the for- eign loans are to be made to depend on the armaments of the countries seeking credits, was expressed pro- grammatically in Coolidge’s speech bi fore the American Chamber of Co: merce, in which he declared that* loans are employed for unproductive purposes, such as the maintenance of extensive military equipment, then they serve no useful purpose and iquld not be granted. The American bankers assume a great responsibility in testing applications for loans which will involve the investment of Ameri: can savings abroad (see Deutsche All- gemeine Zeitung,” Noy. 20, 1925), It is obvious that this principle can only be applied to states which pos: sess no political confidence. The very extensive military armaments of Fas- cist Italy proved no obstacle to the granting of credits, The third American principle is new and interesting: no loans serving the interests of goods monopolies directed against the United States., The following extreme cases may serve as examples: Ly a) The German potash syndicate desired‘ to raise a loan of 70 million’ dollars, in two parts, thru the English banking house of J. Henry Schroder. The first part, $50,000,000 was to be put up for subscription as follows: (“Frankfurther Beitung.” 3, Dec.): 10 million dollars in England, 8 million dollars in Switzerland 5 apillion dollars in Holland, 2 million dollars in Sweden, 26 millions dollars (or one half) in the United States. Just before the loan was placed for subscription in the United States, the American government refused its per- mission, on the grounds that the po- tash syndicate is a monopoly for the purpose of raising the price of the po- tash imported into America, Anglo-American rivalry is shown in the fact that the greater part of the sum intended for America was placed for subscription in London, and was over-subscribed. several times over within a-quarter of an hour. ‘b). The prohibition of the Brazilian coffee loan, This prohibition was de- fended by Hoover on the grounds that the government was not of the opin- jon)that the New York banking houses were desirous of raising loans for the support of the coffee speculation being carried on by the coffee specula- tors in Sao Paolo (Brazil) since last year, Support thus lent would simply mean a further increase of the extra- vagant prices ‘paid by the American consumers. Hoover stated that bank- ing houses in New York have been applied. to for this loan, but have de- clined to have anything to do with it, and declared that the government is anxious that the Brazilian coffee in- dustry should suffer no wrong, his soyre¢es of inférmation showing that Whitst the combination (state aided cartel) maintains the price of coffee at about 22 cents a pound, many of the planters do not receive more than 14 cents a pound. Before this specula- tion, which increased the price of coffee ‘up to 32 cents a pound, the average price was about 12 to 14 cents a pound.” The total coffee im- port of the United States is about 1,400,000 pounds a year). ¢) No English rubber company has been able to obtain a loan in America for a long time. ' enter of Capital With regard»to point 4 the follow ing is of interest: \ a) The fact that during the course of last year 500 million dollars were invested in Canada, which already be- longs economically to the United States. F b) The fact that the zinc mines formerly belonging to Giesches Erben in Poland and German Upper Silesia are actually being run by foreign cap- ital, having passed into Harriman’s hands. * ¢) The great loan to the little Afri can, negro republic of Liberia, where America capital is preparing for a rubber planting enterprise on a large scale, ete,” The English ‘bourgeoisie is equally anxious toplace capital export in the service of industry, Thus the last téw Wéeks Witnessed the purchase of two German) chemical works: the Harbur- }set Schon and the Coholyt, by English capitalists, And on the: other hand the loan to the German Textile: indus- ‘try Bank was accompanied by the sti- pulation that the money wag not to be passed On to firms actually competing with English textile industry. For in- stance, not to firms working with Jooms of certain dimensions,.and thus producing cloth in English’ measure- ments, ae A loan of political significance fs that of one million pounds granted in London, during the last few weeks, to the Hungarian big landowners. If the Ameri¢ans support ‘the \ Italian fascists, the hypocritical English bour- geoisie is not behindhand in lending money, at good interest.and on good security (first mortgages up to 20% of the value of the big landowner’s laf), to the murderers and money forgerers forming Horthy’s court, To sum up, we see that the export of capital is again being employed as a weapon for imperialism, And we see. that the economics of the whole of Europe are becoming more and more dependent either on America, or on England, which still endeavors to compete with America, } Episcopal College Students on Strike; Demand Self-Rule (Special to The Daily Worker) ANNANDALE-ON-HUDSON, March 12,.—Kighty-seven students of the St. Stephen’s Episcopal College have gone on strike following the refusal of the college president to grant their demands for a student government. Workers (Communist) Party CHICAGO MEETING TO PROTECT FOREIGN-BORN WEDNESDAY, MARCH 24 Cleveland Celebrates Comintern Anniversary CLEVELAND, March 12. — The demonstration arranged by the Dis- trict Executive Committee of the Workers’ (Communist) Party in Cleveland on the anniversary of the. Communist International was a splen- did success, More than 1,000 people crowded the Moose Auditorium and from the be- ginning to the end,was enthusiastic; | One of the important features of the celebration was the showing of the Lenin Funeral Film. Comrade Sadie ‘Amter opened the meeting, telling of the meaning of the Seyenth Anniversary of the Comin- tern, The main speaker of the meet- ing was I, Amter, district secretary of the Workers’ (Communist) Party. Comrade Amter traced the history of the Communist International from the beginning of the World War, when revolutionists like Lenin and the Rus- sian Bolsheviki recognized that the Socialist International was dead and hat a revolutionary international must take its place, to the present lay. The*speech of Comrade Amter was punctuated with frequent applause. The Slovak Workers’ Chorus and the Ukrainian Workers’ Chorus sang some revolutionary songs, Get your tickets now for the Inter nationai concert of the T. U. E. L. Sat., March 13, at 8th St, Theater. New York Worker: School Offers Class in Advanced Communism NEW YORK, March 12—A course in Advanced Communism, as a prep- aration for the taking of the Party Training Course next year and as higher study for those who have al- ready taken the fundamentals of Communism Course or read the “A B C of Communism” js offered by the Workers’ School for Thursday nights, with Jack Stachel as the instructor. . ALL ROADS LEAD TO THE INTERNATION given by the TRAD! TICKETS 60 CENTS, 88 CENTS AND $1.10 0 tas % oe AL CONCERT EF, UNION EDUCATIONAL LEAGUE OF CHICAGO. - District No. 8, Workers Party, has arranged a mass meeting on the ques- tion of protection of foreign-born workers on Wednesday, March 24, at &-p. m., at-Schoenhofen Hall, Milwau- kee and Ashland Aves. The meeting is called to ward off ers of. America which comes from pending legislature in congress. The bills aiming at the foreign-born work- ers of Amreica are the Aswell bill, McClintie bill, Hayden-Taylor bill, and the Sosnowski bill. Secretary of La- bor Davis, President‘ Coolidge, and other representatives of capitalism have brought forward legislation such as this in the past, but the huge pro- test raised bythe workers of America prevented it from being passed. Last year in Chicago 'a very helpful movement was organized in a Coun- cil for the Protection of Foreign-Born, which rallied behind it thousands of |.workers. At the present time thruout 4;-Ithe menace to the foreign-born work-| the gountry, councils are being or- ganized, and in the near future one will be organized in Chicago, Among the speakers of this meet- |ing will be Robert Minor, editor of |The DAILY WORKER'S Saturday Magazine, and Arnie Swabeck, district organizer of the Workers Party, This meeting will be the opening gun in Chicago's campaign for the protection of foreign-born, _— ee eee PARTY ORGANIZATION — With Introduction by JAY LOVESTONE. A most valuable pamphlet on the composition of the American Communist movement containing: The letter of the Commun- ist International. on re- organization; the shop nuc- lei; the constitution—in- dexed and with charts. ~ A Communist should ‘not \ be without it. 15 Cents. The Daily Worker Pub: Co. 1113 W. Washington Boulev CHICAGO, ILL, EIGHTH ST. THEATER 8th 2 | Will conduct the course, TONIGHT—8 O'CLOCK Cleveland Resumes Courses in English; — Open Trade Union Class _ CLEVELAND, March 12°-— The English classes will. be resumed in this city and will be arranged to meet the-convenience of the party members and sympathizers, ‘i One class will be held at the South Slavic Hall, 5607 St, Clair.Ave., the other at the Hungarian /Hall, 4309 Lorain Ave, The sessions will be held on Wednesday nights at 8 and Sunday mornings at 10, ante The classin trade unionism will be heldpat the district office on Sunday mornings, This class is very import- ant for all. party members, but par- tieularly thé party members ho be- long to trade unions. Joh: ‘Brantin © Whe, English classes will begin ‘March 17, tho class in trade unionism March 21, Comrades should register at once at the district office or at the hall where the classes will be held.’ e—_— Get your tickets now for the Inter rational concert of the T. U, t Sat.,,March 13, at 8th St. Theat St. and Wabash Ave. } ; % 'S OPEN AT SEVEN ce ! ;