The Daily Worker Newspaper, June 29, 1927, Page 4

THE DAILY WORKER, NEW YORK, WEDNESDAY, JUNE 29, 1927 @ by the DAILY WORKER PUBLISHING CO, Daily, Except Sunday New York, N. Y. year 0 three months * LOUIS ENGDAHL )WILLIAM F. DUNNE Cable Addrezs SUBSCRIPTION RATES aail (in New York only): $4.60 six months BERT MILLER........ Phone, Orchard 1680 “Daiwork” By mail (outside of New York): $6.00 per yuar 98.60 six months $2.00 three months Address ali mail and make out enecks to DAILY WORKER, 33 First Street, New York, N. Y. . business Manager —$$—$<= ; Sir Josiah Scottish Railway mill. 6 told him frankly : jan... Soon be possible for the Riga, Bspondents to turn a few honest pennies with the aid of their| Writers, their imaginations and a supply of postage stamps. The British agents are busy and all is grist that comes to} The need of the empire is great and nothing, which} used against the Soviet Union, is too small to be neglected. The reason for the hectic fervor with which the agents of ish imperialism are working is shown well by Walter Duranty’s view with a prominent British military man, now in China, tlement, Burmah, India and Eg: Here we have the frank statement of a British imperialist. | mere existence of the Soviet Union, xeoples who are oppressed and robbed by Advertising rates on application. en nema | Stop the New Imperialist War Drive! ” Nicholas predicts the early fall of the Soviet| world powers engaged in the most} amp, the president of the , declares that the Soviet Union is near| with ‘the work of the war chemist 86; the activities of the opposition in the Communist Party she Boviet Union are again being played up by the London Mid- capitalist gypt. Bucharest and Helsingfors istance to the If we lose the Chinese} for its own sp , there will be speedy and serious consequences in the Straits| United States insists upon its We cannot afford to lose.” | door” the fact that all of the/ fights to hold its own. By H. M. WICKS. |\WHILE imperialist agents of the | United States arfd Great Britain | squabble at Geneva over the question of naval armaments, and while be- |hind the scenes the United States |tries to induce Japan to abandon its {new approach to Britain, a less spec- tacular but a deeper, more profound and ominous conflict goes on in the realm of world finance. The outcome of Geneva will probably be the sig- nal for a mad race in naval arma- as Becond-class raai! at the post-office at New York, N. Y., unde¥ ments, with the United States spend- the act of March 8, 1879. }ing hundreds of, millions to rival the jcruiser strength of Britain. To be |sure the race will not be confined to naval armaments alone, but will extend to all branches of war pre- paration. At the same time this naval race is being launched we see the | stupendous strides on the field of tion. This must be supplemented who strives incessantly to concoct more deadly. high explosives to be hurled from the aircraft to lay waste not only armies but whole populations. Training camps for adults, boy scout organizations, the and marine recruiting e in the most intensive aration for the com- ing struggle. “ The tory government of Britain, |desperately striving to maintain its | position as a world power, has insti- tuted a regime of forgery, provoca- tion and murder. In the Far driven to temporary unity against “Whether the world knows it or not, it is a fact that the fate| the advance of the National liberation the British empire hangs upon our successful re action against us in China. |movement. But even in this unity— this cooperation—each power fights} ial advantage; the “open policy to blast its way into those spheres formerly dominated by |the other great powers, and Britain’ Though as- British imperialism|suming diverse forms the conflict *ealize that the Soviet Union is their friend and ally, is enough to| tages seritieg ties ai world. nduce the British ruling cl: to plot its destruction. The drive against the Soviet Union is deadly in its purpose THE und earnestness and its purpose is VAR. The workers in all imperialist countries constitute the only! ‘oree which, when united with the colonial peoples, ag he war drive is also aimed, can put a stop to this murderous | at the W ashington agreements of 1921- adventure. tar, Important Recent Developments in the Chinese Pe Liberation Struggle. The defeat of Chiang K -shek near Hsu Chow Fu, s rumored his army suffered 30,000 casualties, is to be regretted | sven tho he is an enemy of the Wuhan Peoples’ Government. s fighting the northern militarists and his defeat, where it He if it has ac- jually occurred, serves only to make the immediate military task i the Wuhan government, that of defeating the agents of the mperialist powers in the north, so much more difficult. But the defeat of Chiang will very likely have important po- itical consequences for the Chinese liberation movement which yill discount the military reverse. If the report of this defeat is confirmed it means that Chiang vas suffered the logical consequences of his desertion of the Suomintang, his attempt to crush the labor. movement and to nake the liberation movement solely the expression of the wealth- er sections of the population. It means that Chiang is no longer na position to deliver ultimatums to the Wuhan government and nust either join with it and support it or be entirely isolated. The reports of the terms of the alliance between General ‘feng, who supports the Wuhan government, and Chiang, carried »y the New York Times, and which represent it as a move against he Wuhan government, are to be looked upon with the greatest loubt. On the fifteenth of June General Feng declared: 4 “All troops formerly known under the name Kuominchun have iow been reorganized in the Kuomintang army loyal to the prin- ‘iples of Sun Yat Sen. All the troops under my command are now subordinated to the orders of the Central Committee of the Kuo- nintang and the National revolutionary government and in ac- cordance with the instructions of the Nationalist revolutionary yovernment, they will carry on the struggle against the Mukden roops tothe bitter end.” This is a categorical endorsement of the Wuhan government and it is-unlikely that, after having been sent to conclude a mili- ary alliance with Chiang against the northern militarists, under -he instructions of the Kuomintang Central Committee, that Feng as done anything else than carry out his instructions. The defeat of Chiang, if confirmed, means also that his forces were sufficiently demoralized by his assaults upon the labor unions id peasant organizations and his defiance of the Central Com- nittee, to be defeated by Chang Tsung Chang’s troops whose ‘goraleds also very low. It becomes clearer every day that the real center of the lib- eration movement, its organizing and driving force, supported by ‘he workers and peasants, is the Wuhan government, which works spell. poh the under the instructions of the Central Committee of the ig and that the Chinese masses will have to pay a heavier blood and lives as a result of their defection, But the Chinese liberation movement is a mass movement and itical party, the Kuomintang, is the leader of the struggle. the traitor Chiang who meets defeat and not the Wuhan gov- it in spite of his feverish ultimatums to it, which made it le for the imperialists and their’ northern allies to get a Japan on Defensive With Britain. pan’s decision, officially communicated from the naval at Tokyo to Admiral Saito and Viscount Ishii, dele-|stand his role and refuse to be deceived by the propaganda of our’ a conference, to join Great Britain in its de-|exploiters Who want to use us as cannon fodder in order that they of the ae sion on ¢a| tal ships, i is not only a sihacaiialiats sort oie ne a grandoise strutting of states- upon the world stage is the apparent movement of men only | history. East | both the giant imperialist powers are | THE SILENT CONFLICT They reflect and drama- tize the real movement, but are not the real movement. The EXPORT OF CAPITAL is the typical feature of this stage of capitalism, as distin- guished from the earlier period in which the export of goods was the typical feature. By virtue of its posi- tion as the banker of the world the United States controls the greater part of the total gold supply. The return of the European countries to {the gold standard is achieved with the aid of American gold. The stan- dard that determines the power of Wall Street measures the indebted- ness and dependence of the rest of the world. Britain with its limited capital des- |perately strives to achieve financial }penetration of the other European countries in order to bring them into \its political érbit or to create blocs of creditors to resist the mighty power of Wall Street. Already, through financial and political juggling Bri- tain, taking advantage of the weak- ness of the franc has been able to wrest Poland from France, But in every conflict with the United States the British exporters of capital lose. Britain is jn a position where she cannot possibly obtain sufficient gold to supply the demand. Her problem is to obtain gold with which to in- ‘vest in other cotintries. On the other hand the United States faces the ’ equally pressing problem of trying to prevent the accumulation of a ple- thora of gold. Gold flows into the United States in such volume and at such velocity that the past week has witnessed a new phenomenon in the entire history of finance. While the tri-partite naval conference was dead- locked at Geneva the United States was doing its best to ward off or de- flect a movement of Gold from Europe into the American bank reserves. To achieve this required as much en- gineering in the financial world as is required in other fields to divert into} harmless channels the raging waters of the Mississippi. The Federal Re- serve of the United States, in order to prevent a dangerous influx of gold resorted to a daring financial man- euver, blazed new trails in interna- tional banking, according to the finan- yainst whom | decisive rebuke to the Coolidge ‘administration, but is also a blow 22. It exposes the breakdown of the secret conferences between \ No war on the Soviet Union but war against imperialist war|Hugh Gibson, the chief of the American delegation, and Saito, the reply that must be made by the masses if another monstrous dy sacrifice is not to be placed once more on imperialism’s| chief of the Japanese delegation. and America, to win over Japan. | This attack upon the Washi Locarno conference in 1925, Bu the United States. |Street to the exclusion of the spheres of influence in China is it is also evident that American | Geneva this past week has been | feated by the wily Jap imperia Britain and other countries the e abandon Britain and stand alone Street octopus, insatiable in its the sway of imperialism. | The break-down of the Gene tiveness the frightfulness of the imperialists. of war. colossus of American parasitism, ulations is being prepared. guise of “commercial aviation.” name to one of these concerns, The entire week has been taken up with the struggle between the two conflicting powers, Britain! The British emerge victorious. | ngton naval treaties is one more step in the building of an international bloc against the mighty | power of the United States, which was already perceptible at the t it is much more than that. It |is indicative of the revival of the Anglo-Japanese alliance against That the American policy of the “open door” in China is directed toward domination of that country by Wall other powers hitherto enjoying plain to all but the veriest dolts. diplomacy behind the scenes at directed toward dividing Britain jand Japan, in order first to break British influence in the Far | East with the aid of Japan and then to smash Japanese influence. Divide and conquer, that old Machiavellian maneuver, was de- lists, who prefer to share with xploitation of China, rather than at the tender mercies of the Wall determination to secure undis- puted domination in China, provided, of course, the nationalist movement can be controlled and China can again be brought under va naval conference is the signal | for the greatest armament race in history because it means prep- aration for a war that will surpass a hundredfold in its destruc- last war. The collapse of the era of imperialist antagonisms disguised as pacifism must be the signal for closer bonds between the op-| | pressed of the world who have but one common enemy—capitalism. bags long after the original capital * Lindbergh Visits Wall Street. Young Lindbergh’s flight frem New York to Paris is still|ments in European industrial and being capitalized by the war mongers. This son of a father who opposed war has become the principal propaganda asset of the While in the vicinity of New York he is entertained at the Long Island home of F. Trubee Davison, assistant secretary On Monday Lindbergh, on invitation of Dwight Morrow, vis- ited the House of Morgan and had luncheon with the staff of that in whose interest the last world! war was fought and on whose behalf the next slaughter of pop- | Still disguising its war preparations under the slogans of pacifism, the United States strengthens its air forces under the Young Lindbergh is to lend his which will be financed by Wall Street. His refusal of the hundreds of thousands of dollars of- fered by movie magnates was prompted by guarantees of a far greater amount from the war mongers. direction of the United States army. be changed from a peace to a war basis. ening the air forces of the country. It requires no profound analysis of the tactics of the militar- ists to understand that planes manufactured in so-called commer- cial aviation plants are as useful for dropping bombs upon armies, warships, and unarmed populations as planes manufactured under In periods of war all such planes can be commandeered by the.government for its own pur- poses, just as the great industrial plants of the steel and auto- mobilg trusts have been so reorganized that over night they can Not only is the flight of Lindbergh being used to decoy the young manhood and the youth of the land into the imperialist armed forces of the nation where they can be sent to death on foreign battlefields, but his name is also to be used for strength- He is the tool of Wall Street and every worker should under-| may exploif\ the at of the world, cial columns of the New York Times, | by resorting to actual purchase on a! European market of $62,000,000 gold, which otherwise might have been ex-| ported to New York, where the fed- eral banks would have had to take it into their reserve. This amount of) gold is now being disposed of piece-| meal to numerous foreign bidders. | The gold fund of the federal reserve has increased $213,460,000 since the beginning of 1927, The present hold- ing of gold and other lawful reserve | money in the federal banks, $3,193,- | 727,000, compare with only $1,503,- 350,000 needed to meet the percentage required against existing circulation and deposits. This maneuver of pur- chasing gold abroad and holding it as a “dead financial asset is new in| the world’s history because never be- | fore has any country ever amassed the enormous supply of gold that rests in the hands of the American banking capitalists. Imperialism gives rise to new problems and new| solutions. The results derived from this new venture will determine future policy. If successful it will aid tremendously in trying to solve the pressing prob- lem of a gold surplus that grows ever more menacing as it threatens to) reach such .proportions that it lays fallow, becomes stagnant and there-| by endangers the whole edifice of in- ternational finance capital now domi- nated by Wall Street. Vast as are the ramifications of American finance capital in European, African, Asiatic and South and Cen- tral American countries, the enor- mous surplus produced by the work- ers who slave in industries dominated |by Wall Street accumulates too fast to be disposed of through ordinary channels. Hence the unparalleled financial action of the United States during the past week. N the other hand England faces u j~ steady export demand for gold and lit is feared that the reserve supply jin the Bank of England will have to be broken into in order to meet the demand. Part of the new gold that | arrived recently in the London market went to France through an under- handed system of buying thru secret agents in Britain. Some of the new gold went to India and the remainder to Hungary. The selling of this gold in the open market was bitterly re- sented by the Bank of England. It raised such a howl over the transac- |tions in which French agents partici- pated that the Bank of France has agreed to arrange further gold pur- | chases with Bank of England in order not to disturb the London money mar- ket. At the same time France is ttrying to obtain some of the United States gold supply by offering indus- trial securities. The difficulties en- countered by the Poincare government in stabilization of the frane foree the bankers of France who carry on in-| ternational trade to purchase gold bullion the commodity whose bodily form is described by Marx as “the immediate social incarnation of hu- man labor in the abstract.” Wall| Street, which has come to the reseue of France on previous occasions, is anxiously awaiting the opportunity for further inroads upon the indus- trial structure of that country. With its limited resources Britain is desperately striving to secure a dominant position in Germany, but is being gradually eliminated there. In spite of the choice of London instead of New York by the Berlin municipal- ity for its new $25,000,000 loan, the German bankers declare that Ger- many must borrow predominantly | from the United States. Municipal! and state loans are guarantees that the capitalists investing in them have a claim on the taxation of such gov- ernmental units forever and they con- tinue to realize interest from the has been dissipated in projects for which they were issued. Although temporarily a means of absorbing surplus capital the invest- state bonds soon turn into new sources of surplus and the mountain of wealth piles ever higher, raising in a still! more acute form the problem of dis- | posing of the surplus. It is this exact economic problem | that drives the American imperialists, relentlessly forward on their campaign | to subdue the whole world to their | will; The necessity for export of cap-| ital, the desire born of necessity to} exploit the whole world is, after all, the real movement that impels the diplomatic lackeys of Wall Street in all their negotiations whether at) Geneva, face to face with the agents of other imperialist powers, or forg- ing state documents in Mexico, or) ravaging Nicaragua, or maneuvering for advantages in China, Great Britain, before the world war the leading imperialist power of the world, is engrossed in the struggle on the defensive. Her star of empire is growing dimmer. On every hand she is fighting to maiain what once was conceded by all to be hers. She will never completely succumb to the mighty power of Wall Street without a fight. It is for the security of the ruling cliques that the working class of the two countries eventually will be called upon to fight in order to determine which set of imperialist plunderers shall be victorious, when the last words of the pompous lackeys of Wall Street and Lombard Street have be- come inaudible in the roar of cannon jand the shriek of shrapnel. BUY THE DAI AT THE N Y WORKER WSSTANDS | port | Irvine Dramatizing “Jude the| Obscure”—Anderson Working on New Play. Arthur Hopkins will do Burlesque, a play relating to that phase of the show business written by George Manker Watters. Edgar Selwyn is dramatizing Ar- nold. Bennett’s -latest novel “Lord Raingo,” for production next season. “Dancing Mothers” played. here two seasons back, was the last play by Mr. Selwyn. Maxwell Anderson, author of “Saturday’s Children” now playing at the Booth, is at work on a new play. The opus deals with polities and politicians, St. John Irvine, according to a re- current on Broadway, has dramatized ‘‘Jude the Obscure,”. Thomas Hardy’s great novel. The play may. be shown here ere London sees it. W. Somerset Maughan’s new play, “The Letter” which is now playing in London, will be done here by Guthrie McClintic, with Katherine Cornwell playing the chief role. Messmore Kendall is the producer. SCREEN NOTES. “Wings,” Paramount’s film story of aviation, will have its premiere presentation at the Criterion Theatre Monday, August 1st. John Monk Saunders is the author, and William Wellman directed the picture. The cast is headed by Clara Bow, and in- cludes Charles Rogers, Richard Ar- len, Jobyna Ralston, Gary Cooper, Arlette Marchal and H. B. Walthall. Payamount claims that the picture cost $2,000,000, and took two years to make. In the mass air scenes 250 airplanes are utilized. First National is contemplating taking over the Globe Theatre about August 15th for “The Patent Leather | Kid,” starring Richard Barthelmess, “Camille” will close tomorrow night. John Gilbert will replace Ricardo Cortez in the film version of “Anne Karenina.” Greta Garbo will have the leading feminine ‘role. Bobby Gordon, Eugenie Bessérer, Warner Oland and Otto Lederer are late additions to the cast of “The Jazz Singer,” in which is Al Jolson is being starred. May McAvoy is Jolson’s leading lady in the films. What the. Daily Worker | Means to the Workers More Encouraging Contributions to Our Emergency Fund. S. J. Cherry, N. Y.'C.. I. Lebosky, Chicago, Ill.. D. W. Chapel, N: Y. C.. C. M, Mason, Pillager, Mi: a W P Local, Grand Rapids, Mich. 50.00 H. Renne, Philadelphia, Pa.......1.00 Hungarian W. House, Newark. ..10.00 Sec. 2, N. 202, Cleveland, O.....10.00 Y. Carpenters Club, Cleveland. .10.00 Zum Brunnen Bros., Hasty, Minn, 6.00 J. Volkman, Wilmington, Del.. L, Monge, Chicago, Ill L. Holte, Chicago, Ill.. I. Vermeisch, Detroit, Mich. W.C. Bloyed, Cannon City, Colo, 1.00 J. Huber, Bay City, Mich....... 1,00 oo SpE Philadelphia, Bath Beach, N. Y. Mazur, Brooklyn, N. Y. cs Dance Given at Duluth, Minn., Benefit DAILY, WORKER, (Pauline Kaski) ...... 6... 22.15 Joe Pajaron, Hackensack, N. J. 1.00 Frank Carro, Hackensack, N. J...1.00 Mary Drazich, Steubenville, 0.,.1.50 Jack Aronow, “Durango, Colo.....4.00' Predrickson, Ferndale, Mich. 1.00° AT PPECIAL PRICE? WHAT'S WRONG IN THESE TRADES? A bright star of the revamped: and amusing revue, the “Grand Street Follies,” which “ is crowding. the capacity of the Little Theatre. HEATRE GUILD ACTING o— The SECOND MAN GUILD Thea., W. 02 St, Bys. $:20 Mats. Thurs. & Sat The SILVER CORD John Th.58,E.ofBwy.|Circle Goldentit’ ‘Thur.&Sat.| 5679 Little Theatre GRAND 4th St. W. of Bway. Evenings at 8:30. STREET MATINERS 28, MAD THURSDAY, 2:30, FOLLIES The LADDER All seats are reduced for the summer. Best Seats Cort Theatre, 48 St., B'way. Matinee Wednesday. B. 8. Moss Liernee, Bros. Present || COLONY |“The First Auto” || Bway at 53rd|with Barney Oldtielé Continuous | on the screen and Noon to | in person Midnite PATRONIZE OUR ADVERTISERS Let’s Fight On! Join | The Workers Party! In the loss o€ Comrade Ruthen- berg the Workers (Communist) Par- ty has lost its fcremost leader and the American working class its staunchest fighter. This loss can only be overcome by many militant work- \ers joining the Party that he built. Fiil out the application below and mail it. Become a member of the | Workers (Communist) Party and yearry forward the work of Comrade | Ruthenberg. | T want to become a member of the | Workers (Communist) Party. Name | Address. Occupation Union Affiliation.......+.ssseeveee Mail this application to the Work- ers Party, 108 East 14th Street, New York City; or if in other city to Workers Party, 1113 W. Washington Blv., Chicago, Ill. Distribute the Ruthenberg pam- phlet, “The Workers’ (Communist) Party, What it Stands For and Why Workers Should Join.” This Ruthen- berg pamphlet will be the basic pam- |phlet thruout the Ruthenberg Drive. |. Every Party Nucleus must collect - 80 cents from every member and will receive 20 pamphlets for every mem- | ber to sell or distribute. Nuclei in the New York, District will get their pamphlets from the Dis- | triet office—108 East 14th St. + Nuclei outside of the New York District write to The DAILY WORK- ER publishing Co,, 33 East. First | Street, New York City, or to the National Office, Workers Party, 1118 ‘W. Washington Bivd., Chicago, Th. | and New Vitaphone vee se eeeeeeeee These booklets analyzing the situation in the needle, building and railroad trades ave of vital importance to every worker — whether in these trades or not. Get all three. WANES WRONG IN THE CARPENTERS’ The story of administration corruption and expulsion of militants in the carpenters’ union, —10 THE LEFT WING IN THE GARMENT UNIONS By Margaret Larkin ° —10 THE WATSON-PARKER LAW The latest scheme to hamstring railroad unionism, By Wm. Z. Foster dS All three for 25 CENTS Add five cents for postage. ed in this col i ii “quantities, ta ore: cece and filled in turn as