The Daily Worker Newspaper, June 3, 1933, Page 5

DAILY WORKER, NEW YORK, SATURDAY. JUNE 38, 1933 Page Five COMMUNIST MANIFESTO “ON FINANCE CAPITAL . the production of values (The Executive of t e Mo bern. State Is But a Committee for Managing the Common Af, airs of t e W ole Bours eoiste-~ THE ROOSEVELT ELECTION Loss Of Midgets! ~ BACKERS TIED UP. WITH MORGAN By LABOR RESEARCH ASSN. stock deals. He is also among ts ite phe eager itn | those on the favored lists. In ad- a Lege panded be eo What of Roosevelt’s ballyhoo about} dition, he is director, American | nature of ip ystem pel driving’ the money changers from the temple, “of ‘his alleged opposition to | the big Wall Street bankers as rep- | resented.by J. P. Morgan & Co.? The | table helow.shows that the most sub- | stantial. contributors to Roosevelt's | presidential election campaign and others high in the councils of the Democratic Party were (a) On Mor-! gan’s favored list and reaped huge profits thereby and/or (b) are of- ficialsdineetors or have interests in companies’ directly or indirectly un- der Morgan influence. Name and Amount of Contrib- ution to Roosevelt Campaign BERNARD -M. BARUCH, $45,000.— Largest contributor to campaign. Among the highest up in the Dem- ocratic' Party. Close Roosevelt ad- Telephone & Telegraph Co., Guar- anty Trust Co. and other Morgan- dominated companies whose offi-; cials ‘vested huge profits in the stock deals. FRANK L, POLK, $500—Under-sec- of State under Wilson. At a law partner of John W. Davis and is on Morgan fa- vored lists as well as being direc- tor of Postal Telegraph Cable Co. and trustee of U. S. Trust Co., and Mutual Life Insurance Co., both under Morgan domination. *Note:—These are only the publicly acknowledged contributions and are | not by any means the total amount that may have been given, through other names, of friends and relatives, by these individuals. ‘The partial list given above of those visor and identified with the Pres-| with Morgan connections who helped ident’s proposed “national indus-| elect Roosevelt president shows that trig repovery. bill.” Leading gold hoarder. On Morgan’s favored list Standard Brands stock deal. WILLIAM H. WOODIN, $40,000.— Roosevelé appointee as Secretary of Treasury. Next largest cam- paign ‘contributor. On Morgan’s favored..list in Standard Brands, Allegheny Corp., and United Corp. stock deals. His firm, the Amer- ican=Car and Foundry Co., was among those having over $1,000,000 on deposit with J. P. Morgan and Co. JOHN -J.RASKOB, $25,000.—Former chairman, Democratic National Committee. Director of General Motors Corp. and vice-president of E. I. DuPont de Nemours & Co., whose’banker is J. P. Morgan & Co, arid Which made millions from munitions in Morgan’s war, 1914- 1918, Beneficiary of all three Mor- in gan “favored lists” thus far re- vealed. PERCY S. STRAUS, $15,000.—Vice- president, R. H. Macy & Co., an official of which benefited through Morgan stock deals. Brother of the Roosevelt-appointed ambassa- dor to*France. . W. MORRISON, $15,000.—Appoint- ed one of American representa- tives to'London Economic Confer- ence..on May 30, by President Roosevelt. President of Gulf & West Texas | they were responsible for at least 15 | per cent, or over one-sixth of the total receipts made public by the Democratic National Committee. Other prominent Democrats and supporters of the Roosevelt regime, whose names, however, do not appear |as contributors, are shown to have | had Morgan connections: | Wm. G. MeAdoo and Newton D. Baker, were both on the Morgan fa-| vored lists. Mcadoo, whose backer is William Randolph Hearst, who contributed $25,000 to the Roosevelt | campaign chest, was Secretary of the | Treasury under Wilson and was a | candidate for nomination to the pres- {idency on the Democratic ticket in! | 1920 and 1924. At present he is Sen- jator from California, He appeared |on all three of the Morgan favored | lists so far made public. | Baker, Secretary of War under Wil- }son, has several times been among |those rumored for nomination as | presidential candidate on the Demo- | cratic ticket. Appeared on the Mor- |gan favored list in the Allegheny Corp. stock deal. He is attorney for the Scripps-Howard Newspaper Alli- ance operating the N. Y. World-Tele- gram and other papers at present; members of the Roosevelt white-| | washing crew. He has been counsel| jof a Morgan utility in its fight to) secure a power site on New River, | West Virginia, and has been counsel | | of the anti-union Lake Carriers Assn..| dominated by Morgan’s U. §. Steel Corp. | If it is passed in its original form, as ITs AN OUTRAG To PUBLISH THIS PICTORE! ek Yee MSADOD BECTIMDODIN cas omnes GEN. PERSANG oy Piers Maran SAE (Pane And Davis NOT mits an actual, free, development only up to @ certain point, so that it con- stitutes an immanent fetter and bar- rier of production, which are con- tinually overstepped by the credif system, Hence the credit system ac- lerates the material development’ of the forces of production and the establishment of the world market. To bring these meterial foundations of the new mode of production to & certain degree of perfection, is the historical mission of the capitalist system of production, At the same time credit accelerates the violent of this antagonism, the thereby the development { the elements of disintegration of the old mode of production. . the accumulation of weelth by the appropriation and expibitation of the labor of others, to the purest eruptions and most colossal form of gambling Roosevelt’s Railroad Bill-A Bill to Cut Wages and swindling, and reduces ‘more ‘and more the number of those, who ex ploit the social wealth.” | —(C@pital, by Karl Marx, Vol. TEI. | Section “Capitalist Production,” page 522,) ° “Talk about centraliastiont The credit system, which hes its eenter in the so-called national banks and the great money lenders and usurérs about them, is an enormous centrali- zation, and gives to this class of para- sites a fabulous power, not only to despoil periodically the industtial capitalists, but also to Interfere into actual production in @ most danger- | ous manner—and this gang knows | nothing about production and has _| nothing to do with it.” By R. ¥. STRAN, ; Profits at the expense of railroad la- What does Roosevelt's railroad pro-| bor. His own spokesmen do not even " | bother to conceal this fact. Joseph B. gram mean to the railroad worker? reported: “ag. ehtien, by Roosevelif or the pob of Federal Co- ordinator of Transportation, in ex- plaining the bill to the Senate, said: To Increase Unemployment approved by company spokesmen and | as Democratic leaders in the House| have said they hope to push it scheme will to that extent prevent “authority to permit accumulation of realization of the savings.” vacancies caused by death, resigna- The whole course of this railroad| tion and retirement until employes legislation: to date reveals a close | have been reduced approximately 5 hook-up between railroad companies, | per cent—50,000 to 60,000 persons.” In the govermment and the Brotherhood | other words, the “labor amendments” chiefs, all working in their own way| call for the slower strangling of jobs| to impose on railroad labor the bur-| rather than the immediate, wholesale | —(Capitel, by Karl Marx, Vol. 111. | “Currency Under the Credit System,’ | page 641.) fs Vn number of capitalist | magnates (who usurp and mono} cra are Ow Sereed What COUNTER iss ail the advaiibages of this tates jobs must be killed. The only ti dispute confrontingt he House is as| f0™Mative process), there occurs a to the method of their killing. Only| ofTesponding increase in the mass one genuine spokesman for the inter-| poverty, oppression, enslavement, ests of the railroad workers has so| degeneration, and exploitation; bus far appeared in Washington. He was| * the same time there is @ steady Harry Shaw, editor of Unity News| intensification of the wrath of the Railway Co. on whose board of | through, it means the laying off of directors sits a director of the| Another member of Morgan’s fa-| from 50,000 to 300,000 workers who “pon one point there should be| den of restoring railroad proti:s, The! and direct lay-offs proposed by|and representative of the Railroad| Working class—a class which grows ae noee te Morgan-controlled Guaranty Trust Co. of New York. JAMES 'D. MOONEY, $10,000.—Vice presit"™and director of Morgan dominated General Motors Co., directors of which profited in Morgan stock deals. VINCENT, ASTOR, $10,000. — Vice- chairman of 1932 Victory Cam- paigieok.the Democratic Party. Director in Great Northern Ry., and’ other companies under Mor- gan influence. JESSE “J. STRAUS, $10,000.—Roose- velt appointee as ambassador to France. President of R. H. Macy & Co., an official of which bene- fitted in.Morgan stock deals. W. C. DICKERMAN, $10,000.—Direc- tor ef the Brill Corp. and J. G. Brill Qo, (controlled by Woodin's Amerigan Car & Foundry Co.).| The Brill companies are under Morgan influence, CHARLES J. HARDY, $5,000—Same_ as above. JAMES A. MOFFETT, $5,000.—Vice- president and director of Standard Oil Co. of New Jersey whose pres- ident, Walter C. Teagle, was a large-Reneficiary of Morgan stock deals.” This Rockefeller firm had ‘over $1,000,000 on deposit with J. P, Morgan & Co. JAMES A. MOFFETT, Jr., $7,500,— Son of J. A. Moffett. HOWARD BRUCE, $5,000.—Director, Worthington Pump and Machinery Corp,..on. whose board of directors sits a director of Morgan’s Guar- anty Trust Co. CORNELIUS V. WHITNEY, $5,000.— Director of Morgan-controlled Guaranty Trust Co. ARTHUR CURTISS JAMES, $2,500.— Profited in all three Morgan stock deals made public to date. Chair- man of the Western Pacific R.R. and director of Phelps Dodge Corp. and other companies in which Morgan Wields influence. Director with J. P. Morgan and his partner, T. W. Lamont, on First Securities ce —-- RUSSELL C. LEFFINGWELL, $2,500. —Formerly Assistant Secretary of Treasury under Carter Glass in Wilson 2diinistration. Partriér’ of J, P, Morgan & Co. and on Morgan’s favored list of stock deals. HAR'(EY C. COUCH, $1,500.—Direc- tor, Reconstruction Finance Cor- poration. Utility boss of lower Mis~ sissippivValley handling four power compt s controlled by Morgan's Blectric Bond & Share Co. The legal affairs of Couch’s companies are handled by the law firm of Senatov Joseph Robinson of Ark- ansas,"Demiocratic floor leader and prominent Roosevelt advisor, Couch controls Robinson's actions on power question. JOSEPH, P.. DAY, $1,000.—Wealthy real estate owner. Director, Met~ ropolitan Life Insurance Co., whose president, F. O, Ecker was on all three of the Morgan favored lists. JOHN W. DAVIS, $500.— General thairman, 1932 of the Victory Campaign’ of the Democratic Par- ty and among those listed as tak- ing “an active part in the Roose- velt campaign,” according to the New York Times, Davis was his party’s candidate for president in 1924. At present Davis is counsel for the Mot#in firm. Davis’ law firm has been the Morgan counsel for many ¥ ners Were beneficiaries in Morgan ars,and several of its part- | | vored list was Owen D. Young, prom-)| |inent Democrat and repeatedly spoken |of in campaign times as a possible| nominee for the presidency. Young) jwas in on the Allegheny stock deal| and is chairman of the board of direc- | | tors of the Morgan-controlled Gen- eral Electric Co., one of the condemns | having more than $1,000,000 on de- posit with Morgan. | | Norman H. Davis, President Roose- velt’s ambassador-at-large abroad, | likewise profited from Morgan stock | subscription deals and was, in addi- tion, a substantial borrower from J.) P. Morgan é& Co. with $10,000 still! outstanding on one of his loans. ] There is also Dean G. Acheson, Un-| der-Secretary of the Treasury, Wood- i in’s assistant in the Roosevelt admin- | istration, whose law partner was also! |in on the Morgan deals. |More on Getting | Moscow on Radio| Editor, Daily Worker: | In re. A.G.’s letter asking for infor-| mation on building short-wave re- ceiver, sorry that it will be impossible to help this Comrade as he has not/| given enough details. I do not know} what type set he is making, what parts he has and so on. More detailed information is needed in order to answer. It should be understood that short wave reception is very much differ- ent from regular broadcast. The operation of a short wave receiver presents many problems, and it is not all that it is supposed to be. It does not hold that a short wave receiver will get Moscow for the listener every | time he turn his dial for it. | The efficiency of the receiver, lo- cation, ability to tune, time of broad- | cast and a dozen other obstacles, | stand in the way of reception. I advise | those who intend making a try at it not to expect: too much. And it is well! to remember that Moscow is 4.000 or| |More miles away from here. But in Spite of all that, it is worth while trying for, if.one can hear a brass band play the International at 12 o'clock Moscow time, or the bells ring- ey it the International once in a while, | New Worker Engineers | ps | | | _ Group of boys in the Soviet Union studying to be engineers in the oil industry, They are work- ers’ chifaren, from the Baku re- gion, They don't have to worry still have jobs. If it ‘is passed as| no misunderstanding on the part of amended in the Senate, at the re-| Congress. To a very considerable ex- quest of the Brotherhood leaders, it| tent the elimination or reduction of means the “freezing” of employment} wastés will involve loss of employ- at the low level of May, 1933, with | ment to railroad labor. . . . Economies permission to the companies to re-| in operation and service mean reduc- duce the number of jobs by 5 per cent tion in labor, and there is no escape} three forces apparently pull at cross| Roosevelt and the companies. purposes from time to time—giving! No fight was made by the Brother- | workers the.illusion that a fight is! hood chiefs for the six-hour day to} | being made.in their interest—but the/ “sop up the loss of jobs.” Senator | Met result, whichever appears to win,| Black withdrew his 6-hour day | is that labor -gets it in the neck. amendment to the bill when Senator The provisions of Roosevelt's rail- Dill told the Senate that Roosevelt Brotherhoods Unity Committee, a|@Vver more numerous, and is disci- militant organization of rank and file| Lamengsa sor be ae sO elements in the Brotherhoods. Shaw| Vey mechanism . a | method of production. Capitalist | monopoly becomes a fetter upon the | method of production which hae flourished with it and under it. The! denounced the Roosevelt program root and branch, setting forth the workers’ demands for more, not few- er jobs, with shorter hours and higher | the beginning marking the flowering (50,000 to 60,000 persons) a year. In either case, Roosevelt's railroad bill is designed to increase railroad from it. And any plan for alleviat- ing this situation by retirement al- Jowances or pensions or any similar By CONRAD KOMOROWSKL The Development of Socialist Meth- ods and Forms of Labor, by A. Aluf. —10 cents. Socialist Competition of the Masses, by E. Mikulina, with a preface by J. Stalin. Socialist Industry in the U. 8. 8. R. Victorious—10 cents. The First Business Accounting Bri- gade, by Kapkov, Guren, Seryagin. —10 cents. How Workers Become Engineers in the U. 8. S. R., by V. Druzhinin. —10 cents. Technical Institutes in the Factory, by P. Rumyantsev and 8, Friedman. | —10 cents. The Fight for Steel, by N. Mikhailov. —10 cent. The Heroes of Grozny, by T. Gonta. —10 cents. These pamphlets were written and printed in the Soviet Union. They are being. distributed in this country by the International Pub- lishers, 381 Fourth Avenue, New York City, as part of a campaign to make known to the American workers the life and achievements of the workers of the Soviet Union. ie esi * * These are pamphlets which deal} with the relations of workers to So-| viet Industry. They describe how the| workers have conquered, what means | they haye used, and what the work-| ers are building for themselves. As soon as the workers found the Heroes of the Five Year Plan which have helped transform the So- viet Union almost overnight, from a backward country dependent on for- | eign countries for almost all manu- factured goods to an almost self-ef- fictent country, from a land laid bare and waste into a fruitful peaceful land forging the historic road to so- cialism. Behind the building of so- cialism, behind the overtaking and outstripping of capitalist countries in| the shortest time ,lies the high tech- nique and labor efficiency originated) pic and developed by the workers them- selves, Workers Manage Industry, There is an often repeated Ne— that workers cannot manage industry. The facts speak for themselves. It is in the capitalist countries that in- dustry has fallen to the lowest levels in the history of capitalism; and it is in the Soviet Union that there is no | Unemployment and where industry is rising to the highest levels in the history of any country. Many debates have been waged as to what will happen without the pro- it motive as an incentive to initiative, Socialists have been particularly fond of this debate, It is not a debatable subject. The workers of the Soviet Union have answered. Workers can have nothing in c mon with capitalism. Capital! Kills the best in workers (factories used to advertise for “Hands Want- ed”) by checking their initiative, their creative possibilities. Only a work- | ers’ and farmers’ government can free workers. It is the workers of factories in their own hands there Kerensky the tendency had been to/ elect lenient foremen. Under their) own government, the Soviet, they) elected foremen who put discipline} into the shop and raised production. | As early as June, 1918, for example, in Vladivostok, in a shop where 6,000 workers had produced 18 railway cars a day, 1800 men began turning out 12 cars a day entirely because of shortcuts, efficiency devices, reorgan- ization of the work, etc., introduced by the workers themselves, In other shops there was a similar procedure. Workers stayed by their jobs until they were finished, even if it took all night long; living quarters were built nearer factories to cut down travelling time—all kinds of devices were originated to save time and en- ergy which now belonged to the work- ers themselves. Out of chaos, the workers brought order. In May 1919 the “subbotnik” had been organized. This was or- ganized collective work voluntarily rendered after working hours or on free days or half-days. It was of tremendous historic im- portance. Lenin called it “the great beginning.” And this it was. It was of the creative ability of the workers, marking the development of the so- about jobs clalist methods and forms of labor & the Soviet Union who are behind the —S. L.; came a change in morale. Under| building of socialism in the Soviet Union, Thrilling Story. Take “The Heroes of Groany’ which will grip you for its thrilling story, and read how the Soviet Oil Industry completed its Five Year Plan in two and a half years. Behind| the other Brotherhood chiefs could) these words—Soviet oil industry—and these figures—its Five Year Plan in two and a half years—there stand thousands of living human beings just like the oil workers here, who planned, and worked, and sweated, and stayed up nights figuring how the job might be better done and more quickly. “Read how these workers developed the new socialist forms and methods of labor out of the necessity for com- Pleting the work. Then take “The Fight for Steel,” which tells some- thing of the same story, but for the/ steel industry. Read these pamphlets and see for yourself how in the Soviet Union the workers, without bosses or capitalists, have organized themselves and their production; how that tremendous propelling force, the initiative of the masses, has been utilized until today the Soviet Union is the shock-brig-| ing employment (quoting the United! of Gregory Ivanovich Petrovsky, pres- ader of the world proletariat, burning the path to socialism as an acetylene torch burns through stecl, | road program ‘were first made public | toward the end of April. The bill | calls for suspension of the anti-trust | and regional railroad groupings to | work out economies in operations by jelimination of duplicating services, joint use of terminals and trackage and financial reorganization.” It also calls fot” repeal of the recapture | clause of the transportation act and federal regulation of holding com- panies. | Even a child could see that the pro- | posed “economies” would be made at | the expense of the railroad workers and the original measure contained no provisions for even easing over the drastic lay-offs contemplated. Yet | Grand Chier Alvanley Johnston of the Brotherhood of Locomotive Engincers imm: “ely announced to the press bill, decléiihz it to be “eminently fair in its safeguards to labor.” ‘The Treachery of Brotherhood _ Offieials Johnston's approving statements ap Peared iti‘the same news items as quoted - the “Association of Railway Labor Executives (of which Johnston is @ member) protesting against the loss of jobs involved and declaring demagogically:'*“We shall insist that this intolerable deflation of labor by cutting down jobs and wages must | stop.” ~ Johnston's calculated treachery (re- | vealing not-even the proverbial “hon- or among_ thieves”) is nothing new in the railroad industry. W. G. Lee of the TYafimen, for instance, used |almost to Specialize in the role of | Judas Iscariob’ whenever the railroad | unions appeaféd to be achieving a united front £6F strike or other action: In this*twse, there is little doubt that Johnston (a Hoover supporter in the last election) made a deliberate | play to curry .favor with Roosevelt, | hoping for# loan from the Recon- | struction Finance Corporation for the |defunct Standard Trust Bank in | Cleveland: He: knew that the opposi- | tion in the B. of L. E. was out to | hang him, on the shady tree of this | bank failure; which has cost so much of the members’ money | _Not beingwso desperately concerned «bout their own jobs at the moment, |afford to''assume some concern for | their membérs’ jobs. They gathered | in Washingtdit and, in between poker games, begin to “battle” for labor in their usual-Vidarious fashion—through statements «prepared by their lawyer, Donald R. Richberg. Richberg point- ed out that.“90 per cent of the. op- erating economies proposed under the bill would. be achieved at the expense of the railroad employes.” He is like- | wise authayity-for the already quoted ree of from 50,000 to 300,000 lay- offs. | Wage Cuts and Less Employment Railroad labor was treated, through the capitalist. press and the paper | Labor, to another sham battle and another “glorious victory.” The “la~ bor amendments” for which the Brotherhood chiefs had lounged so long and so hatd in their Washington hotels were adopted by the Senate. The two main amendments affect- Press account) calls for “freezing of railway employment at the number on the payrolls fn May, 1933” and |laws to permit a federal coordinator | | of the Roosevelt, railroad | £ did not want it added. ‘The whole unholy trinity of govern- ment, companies and labor mislead- pay to meet inflation prices and with unemployment insurance for the job-| less, } rey | Se E- Ee F 2 BE, = = =, > jaa Cs | ao S By NATHANIEL BUCHWALD. | MOSCOW.—On May 1, Ovation for Leader. one year; At 4:30 Petrovsky arrived, and as after the Dnieprostroy power-station| the ovation given this: popular leader, produced its first current, the shock- | who is fondly called “the elder of the brigades of Dnieprostroy (their name | Socialist Ukraine”, died down, Sofia is legion) decided to signalize the | Peroyskaya blew a shrill wh le and first ann: of the first Dnie- prostroy current by another demon- stfation of the triumph of socialist construction By a splendid burst of shock-work and enthusiastic collective effort they aree-chamber lock of y ready on May 1 for the | passage of the first steamer |from the river below the dam to the other. side across the dam, a jump! \37 meters high. As a piece of enginecring this lock ranked here second only to the great dam itself. | ‘To achteve the centuries old dream} jof making the Dnieper navigable | throughout, it was necessary to pro- | vide for the “jump” of steamers be- | tween the hh level on the upper steamed into the lock, followed close- by 25th of October. Slowly the gates shut behind the rear steamer, and we were encased in a ‘OW chamber of solid concrete walls, huge steel gates to the front and the rear | and a strip of blue sky overhead. The | people lining the edges of the lock | above scemed far away, and some- | how it was hard to believe that the boat would ever rise to the level of | the entrance to the second chamber, | But it began rising almost imme- | ately after the rear gates were shut. Eight minutes later... and we were flooded up to that level. The front | gates opened and the boats steamed | in. Again that sense of being en-| cased, again a feeling of anxiety that | we might never rise or get out of side of the dam and the low level; that concrete enclosure, and again jon the lower side differs of | the gates opened to admit us to the | about 120 feet. is “jump” was /| next and last chamber. made the first time in history on May when the steamer Sofia Perovs- of October Answering Cheers. Meantime there was much enth iasm, shouting of slogans, and ani | mated éomment on this new achieve- | 1, kaya followed by 25th passt through the thi of the Dnieprostroy lo ment. Now and then someone on t 2 Dniex deck would exclaim: “Long live the | | It was a thrilling event. The fact Communist Party with its leader that the trial passage was to be| Comrade Stalin’, and a lusty hur-| made on May 1 heightened the sol- | tah came as an answer. | emnity of | The masses of workers lining the There ¥ banks could not hear the words of | of Dnieprostr the exclamation, but the accompany- | + feel the double s ing gestures of the enthusiastic | | of this event. shouter spoke for themselves and | The steep shores of the Dnieper,| brought a return of hurrahs also | the top he dam and the | from the distant onlookers edges of the Ic ‘ covered with| Now we were in front of the last people. It was like a mammoth/|gates that separated the boat from | stage with several ievels of such dar-|the open Dnieper. It was a tense ing “constructivist” settings of such ;moment when these gates began to| vast perspectives and such mass-|part revealing the mighty river in scenes as the most imaginative thea- its full breadth and grandeur. Above | trical producer could x ver dream to the gates the breeze played with a| achieve. Yet it was the real thing,|streamer which bore the following a mass of palpitating humanity | legend: “Through navigation of the strewn over the high banks of the | Dnieper is a fact”. | mighty Dnieper, clinging in precari- | Full Speed Ahead, jous and perilious positions to evety| From the edge of the lock came rock or ledge that afforded a view of | the voice of an old boatswain: “Com- | the lock and the steamers that were |rade Commander! The gates are | about to enter it jopen, The way to the Dnieper is | _ Hundreds of the best udarniks of | clear. Order full speed ahead! Long | | Dnieprestroy were among the invited | live . . .” |guests aboard the two steamers,| Here the voice | About four o'clock in the afternoon | broke. the last preliminaries were completed and Sofie Perovskaya was ready to enter the lock. Yet the steamer did not budge. ‘The passengers on board grew un- jeasy. There was anxiety on their | faces lest something unforeseen would | interfere with the long-awaited test- | ing of the lock. Soon it became known that the delay was due to the absence of the old man| He was overcome with emo- | tion, tears appeared in his eyes. He stepped on deck without finishing | the slogan. The report of the boatswain that | the way was clear was followed by long triumphant blasts from both steamers, An orchestra ashore joined the ones on board in playing the In- ternationale. From some distance away came booms of cannon, that passed through the lock, saluting the hundreds of udarniks who had made it possible to mark up another tri- umph at Dnieprostroy ident of the Ukrainian Soviet Soci alist Republic, who had been de tained centralization of the means of pro- duction and the socialization of labor reach a point where they prove in- compatible with their capitalist husk. | This bursts asunder. The knell of capitalist private property sounds. The expropriators are expropriated.” | (Our emphasis.) —(“Capital,” Vol. I, by Karl Marx, chapter, “Historical Tendency of Capitalist Accumulation,” page 846.) Monopoly has sprung from the banks. These have developed into the monopolists of finance-capital out of modest intermediaries, Some three or five of the biggest banks in each of the foremost capitalist countries have achieved the “personal union” of industrial and banking capital, and concentrated in their hands the dis- posal of thousands upon thousands of millions which form the greater part of the capital and revenue of entire countries. A financial oligar- chy, imposing an infinite number of financial ties of dependence upon all the economic and political institutions of contemporary capitalist society without exception—such is the most srtiking manifestation of this mon- opoly. ~—(Lenin’s “Imperialism,” Chapter X., pp. 103-104.) - a me Moreover, Imperialism is an_ {tit. mense concentration of money capi- tal in a few countries ...., Hence the inevitable development of a class, or, rather of a category, of bondholders. (rentiers), people who live by clipping coupons, people entirely strangers to activity in any enterprise whatever,: people whose profession is idleness. —(Lenin’s “Imperialism,” Chapter) ; VIII, page 83.) There is no doubt that the devels opment is going in the direction of a ingle world trust that will swallow up all enterprises and all states without exception. But the devel- opment in this direction is proceed- ing under such stress, with such a! tempo, with such contradictions, conflicts, and convulsions—not only. economical, but also political, na-* tional, etc., etc.—that before a single world trust will be reached, before. the respective national finance cap- italists will have formed a world un+ ion of “ultra-imperialism,” imper= ialism will inevitably explode, capi- talism will turn into its o} (Our emphasis.) —(Lenin’s introduction to “Imper- ialism and World Economy,” by Buk- harin, page 14.) Imperialism in particular—the erg | of banking capital, the era of gigans tic capitalist monopolies, the era of the transformation of monopoly cap= italism — shows an unprecedented, strengthening of the “State Machin- ery” and an unprecedented growth of its bureaucratic and military appa- ratus, side by side with the increase of repressive measures against the proletariat, alike in the monarchial and the freest republican countries, —(Lenin, “The State.”) If there is a story, editorial or car toon you think your fellow-workers would be interested in, cut it out and paste it up'where they can see it, »