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* rnsmmnmenivennsy how Pablished by the Comprodatly 18the 84, Address and mail eheeks te the Daily Worker, 50 E. Page Four Publishing Oe. New York City, S. ¥ dalty exeept Sendey, <0 8, ‘Telephone ALgongnin 4-795. Cable “DAIWORK.” 18th St, New Tork, M. ¥. Dail BACK DEPUTIES VOTE FOR HITLER FAS Appoint New Executiv “Safe” Socia CIST REGIME e Board Dominated by list Deputies BERLIN, June 21.—The Executive Committee of the German Socialist Party surrendered yesterday to the Nazi demand that the party refrain from all anti-fascist activity, when it decided that no German socialists who are exiles from the fatherland may speak for the party. The names of Otto Wels, SPARKS IN. Alice Wonderland, writt many years ago when some people ati! thought that bankers were hoifest and that God had ordained compound interest as divine compen- sation for the Malthusian Theory there is a remarkable passage about & Walrus and a Carpenter. It seems that the Walrus and the Carpenter had enticed some poor little oysters out for a long walk on a beach. Then they ate the oysters, addressing them in n as follows ““T weep for you’, the Walrus said ‘T deeply sympathize.’ With sobs and tears he sorted out Those of the largest size. Holding his pocket-handkerchief Before his streaming eyes.” When Alice heard this story she could hardly keep from bursting into tears; but, like all little boys girls brought up with plenty. to eat and good clothes to wear, she tried to find something good in everything. I like the Walrus best”, said Alice “because he was a little sorry for the poor oysters. He ate more than the Carpenter though”, said Tweedledee. “You see he held his handkerchief in front &0 that the Carpenter couldn't count how many he took.” “That was mean,” Alice said in- dignantly. “Then I like the Car- penter best—if he didn’t eat so many as the Walru “But he ate as many as he could get,” said Tweedledum ND Mr. Walrus Morgan, too, is very sorry for all the poor little Ts who lost their shells in the market in 1929. So is Mr. Carpenter Mitchell. Both of them, blubbering nobiy, held their pocket-handker- chiefs before their faces so that no- body could see just how many little oysters they had stuffed their guts with. This bit of nimble chicanery Mr. Walrus Morgan calls “sound busi Mr. Caypenter Mitchell calls self-sacrfice”. | The government calls it workers call it down- right thievery. And they will not rest until all such thieves are put where thieves belong. HILE the whole world mourns the death of Rose Pastor Stokes, let | us not forget that although she seemed to die peacefully in bed she | was in reality foully murdered by a policeman’s club. Her fatal cancer Was induced during a demonstration against the occupation of Haiti by America marines. Seeing a small boy threatened by @ policeman, Rose Pastor Stokes threw her body between the smal! boy and the yegg in uniform. Un- flinchingly she held her ground, de spite the policeman’s threat., The policeman raised his club, held it aloft | while he gathered all his strength, smashed it downward with killing force upon the woman’s breast. Workers will remember that To Lars Hallaman, many thanks for the above contributions. Let's see some more. former national chairman, and | Rudolf cheid, Friedrich Stampfer | tor-in-chief of the Berlin Vorwaerts,” and other emigr stricken from the Executive mittee Breit- ex-edi- Socialist, were Com- Although Wels, Stampfer and the tdone themselves during nths in pledging their position” to the Hitler re- Party Executive. march to Hit- of the pa ip of the Ger- man Soc! ty was entrusted by the Executive to Max Westphal Johannes Stelling and Franz Kuenstler, together with the Reich- stag and Prussian Diet irmen, Paule Loebe and 1 It is significant that Kuens- head of the Berlin District or- ganization, was one of the so-called militan#’ leaders of the German Socialist Party . In the Reichstag 48 out of 65 So- cialist deputies decided in caucus to vote confidence in Hitler, while the Party Executive made a sham show | of opposition to this confidence vote. ; Now the Socialist Executive comes out openly, chocking oc even the pre- tense of opposition to the Fascist regime, and accepting the open be- trayal of the Reichstag deputies as the official position of the Party. NAZIS DISSOLVE. - FIGHTING UNITS OF NATIONALISTS BERLIN, June ‘The Nazi re- gime today banned all the fighting units and youth organizations affil- iated to the Nationalist Party showing dissension within the bour-| geois camp. | _ The order for the dissolution of the | Nationalist “Kampfring” signed by Capt. Goering for Prussia and e: pected to be followed by similar ac- tion in other states, was based on the charge that these organizations | were admitting Communists and So- | cialists, but in reality was due to the growing militant dissatisfaction with the Fascist regime among the | Nationalist rank and file. The Nazi police raided headquar- ters of the Nationalist Party in Ber-| lin, confiscating documents. Further signs of the growing split between the Nazis and their bour- geois allies were seen in the order by Hitler, von Papen, Labor Minis- ter Seldte, head of the Stahlhelm, and the Reichswehr Minister Gen. von, Blomberg, severing the connec- tion of the Steel Helmets with the Nationalists and bringing them closer to the Nazis. Stahlhelm members, who were not allowed to join the Nazi Party up to now, fre enceforth prohibited from joining any party but the Nazis. Employers’ Associations Merged. | All the employers’ associations in Germany were merged yesterday un- der Hitler control into the Reich Corporation of Industry, concentrat- |ing the manufacturers’ organiza- | tions into one huge trust, aimed | directly at the living standards of | the German workers. ‘Battleship Row’ in Yangtse Is Described by U. S. Sailor Discharged from Navy and Broke, Tells of Massacre of Chinese Peasants NEW YORK.—Di charged from the United States Navy, “broke” and | tory Councils Law of 1920, partiou- unable to secure employment, a young third class petty officer here today graphically described “Battleship Row” on the Yangtse river and scenes ‘he witnessed during his term of patrol duty on the huge Chinese waterway, The young sailor whose name is not given for obvious reasons, was a mem- ber of the crew of the destroyer U. @ 8. 8S. Barry and saw active service last spring during the Japanese raids in Shanghai Fvery imperialist power is repre- sented on’ the Yangtse river, where about 20 battleships of various types may be seen at all times anchored outside Shanghai harbor, ready for instant action. The leading position, however, the sailor said, is played by the American and British fleets, in- eluded in which are numerous small destroyers which patrol the navigable portion of the river. The shallow up- per reaches of the river is patrolled by flat-bottomed boats, manned by about 30 seamen and heavily armed. Sailors Driven Insane. ‘The sailor described life on these flat boats as most unbearable, many sailors being driven to insanity by the monotonous grind of patrolling the river. When the sailors can no longer be used they are sent back to Napa, Calif. where they are placed in an insane asylum. During the Japanese invasion of Shanghai last spring the sailor re- ports, the Yangtse was full of float- is ing, bodies of murdered Chinese ‘sorkers and peasants which had floated down the river. The men on guard duty ca the battleships were forced to sperid most of their time tlearing the archors of floating bo- fies so that maneuvers of the fleet would not be impeded. Many of the dodies had been beheaded. At the | feight of the invasion the British ind American commanders of the 4 wena fleets offered a bounty of three Mex- ican dollars for each body hauled from the river Describes Massacre. He also described a Kuomintang officers which he witne: sed near Tientsin. About 300 revo- lutionary peasants had been captured by the murderous Chang Kai-Shek government and were surrounded by a thousand nationalist troopers. The executions were methodically carried out, the victims being forced to knee! to the ground. A soldier would seize the captive by the hair and force his | head toward the ground. Another soldier with an ax completed the murderous task of beheading the worker. Time after time the sailor says he saw the scene re-enaced as the militant Chinese workers and | peasants paid with their lives for their revolutionary, activity. The U. S. Navy is kept in touch with developments inland by scores of navy intelligence men Bitter Against “Y”. The American sailors are told the fleet is there to protect the Chinese | from the wicked Japanese, but ac- tivities of the American ships prove | they are there to protect Standard } Oil and other American interests in China The sailor was bitter in his denun- ciation of the naval Y.M.C.A. Upon being discharged, his few dollars ex- hausted, he attempted to secure a room and meal ata Y.M.C.A. Being unable to pay he was quietly fected. chaweergsr UH einen massacre by imperialist | American Aggressiveness Deadlocks London World Economic Conference LONDON, June 21—The world economic and monetary conference lis definitely deadlocked. Although} the sessions of the sub-committees are being held, no one proposes any concrete action. Last night a con-/ ference of British delegates and rep- resentatives of the countries of the British Empire was held. The Morn- |ing Telegraph reported that question of adjournment of the con- | ference “for a few weeks” was taken up. This report was later denied. However, in the lobbies the ‘cam-| paign to close the conference is gain- | ing support, although there is a dis-| Position on the part of many of the! | delegates to beat time while await-| | ing the arrival of Professor Raymond | Moley, who is regarded as Roose- | velt's personal representative. French Renew Attack On U. S. At this morning's session, just be- fore the recees of the conference, | Finance Minister Georges Bonnet of | | France launched a scathing attack) British Leaders to Discuss War Debts | in Visit to the U. S.| LONDON, June 21 Sir John | Simon, foreign minister and Neville Chamberlain, chancellor of the ex- chequer, are to go to Washington | about the end of July to try to nego- | tiate a war debt agreement with the | | United States, it was announced to- | |day. Chamberlain is leader of the | | group in the cabinet that is opposed | | to payments of any debts. | | By EDWARD JAMES | (Correspondent in Germany of the i British Daily Worker.) | (The first four articles told of the treachery of the German social demo- ocratic leaders, the burning of the Reichstag, how the German workers fought the Nazi terror, and of the | Vicious tortures employed by the Nazi gangsters.) In Germany the factory councils are recognized by law. Elections take | place every year and the members of the council have certain legally rec- ognized righis, laid down in the Fac- larly in connection with dismissals and engagements, Without the permission of the fac- | tory councils no worker could be dis- missed unless the employer success- fully appeals to the labor courts, and on the other hand, without the agree- ment, of the council no worker could appeal to the courts against dismis- sal, A Working-class Weapon. ‘These councils grew up in a time of revolutionary struggle and, as can be imagined, they represented a dangerous weapon of working-class activity. Having secured the crushing of the revolutionary movement of 1918 and 1919 with the assistance of the old imperialist officers’ corps, the Social- Democrats then set themselves to clip the claws of the workers’ coun- cils, They did this by securing the legal recognition of the councils and laying down their “rights and privi- leges.” Demonstration Before Reichstag. At the time of the passing of the Bill there was intense working-class agitation against the bill, agitation which culminated in a terrific dem- onstration before the Reichstag. It was broken up by the established method of turning machine-guns on it. That was in January, 1920. Over thirty workers were killed on the square in front of the Reichstag and hundreds wounded. The passing of this bill in the teeth of mass op- | position and with the aid of machine guns was one of Social-Democracy’s | most valuable aids to German capi- taliam. Growth of Revolntionary Influence. However, even in their limited form lorker’ Porty B.S.A, By Mall everywhere: Ome year, %6; six months, 38.50; 3 months, Mf 1 month, 8s, SUBSCRIPTION BATES: JUNE 22, 1933 exeepting Borough ef Manhattan and Bronx, New York City. Foret and Oanada: One year, $9; 6 months, 36; 7 months, $3, rency at a given level. speech was directed against United | against on inflation and denounced those | cellor of the exchequer, also threat- | who refused to attempt to peg cur-|ened further inflation of the British His whole} pound as a retaliatory measure the steadily debasing of States policy although he did not/ United States currency. mention the United States. France |fears that if the currency debase-| |ment of the United States continues| that the only thing that can be ex- h | it will be forced, as a measure of| pected from the arrival of Professor the | defense, to go off the gold standard.| Moley is a strengthening of the irre-! See Menace of American Drive. It is becoming increasingly evident Neville Chamberlain, British chan-' concilable policy of further attacks Baruch Takes Charge While Moley Goes to Conference NEW YORK, June 21,—Professor Raymond Moley, assistant secretary of state and chief of Roosevelt's “brain trust,” sailé today for the London conference. Yesterday he flew by airplane from Washington to Massa- chusetts where he conferred with Roosevelt aboard the boat on which the president is enjoying a vacation cruise. When he arrived in New York the gets to London. with Bernard M. Baruch, the House ® EEO of Morgan man, and received final! Hull, what-Baruch expects himself,| ation, but there would be serious instructions on what to do when he} do. rain trust” head held a conference Meanwhile Baruch himself, al- although not officially appointed to The professor is accompanied by} anything, will occupy the office of Herbert Bayard Swope, former edi-| Assistant Secretary of State Moley | tor of the New York World, and by| and see that things are turned to; Professor Edward Day of the Rock- efeller Foundation, Their job is to see to it thata nothing is done at the conference to interfere with the further cheapening of the dollar. Baruch to Direct Foreign Policy. Moley, in London, will be the real head of the American delegation and will tell his chief, Secretary of State suit the interests of finance capi- tal. In other words, while the elect- ed and appointed administrative offi- cials are vacationing or in London‘ one of the leaders of Wall Street simply takes hold the government- al machinery and runs it without even the formality of telling the lackey politicians what to do. —by Burck on the rivals of American imperial- ism through a debased currency, and a drive toward even, higher tariffs. Many feel that if the conference| does not end now it will certainly; come to a quick close after the ar- rival of Moley. There is seen behind American} policy a threat of dumping unpre- cedented in the world conflict for markets, This threat is causing deep| | anxiety, especially on the part of the} wheat and cotton producing coun: tries. With the United States pay- ing the wheat and cotton specula- tors a processing tax for the enor- mous stocks now held, and charging a higher price to the consumers in the United States, the Americans | will be in a position to dump enor- mous quantities onto the world mar- ket at prices other countries cannot | meet without resorting to even more drastic measures. At the same time United States tariffs against imports from other countries will rise higher. Such measures would not only make worse the world economic situ- | political reactions on the part of the! toiling masses in the industrial cen- | ters and on the land. But, in the| ssent situation, with each capital-| ist nation struggling against all the/ others, there is no possibility of pre-| venting the intensification of the | fight for markets. | Many leaders of the conference, | including MacDonald, are now in! favor of suspending all monetary | discussions in order to avert its clos- ing with a confession of bankruptcy. / After more than half a century figure of Clara Zetkin, veteran of the Clara Zetkin, A True Bolshevik of active warfare the magnificent world revolutionary movement, hes. passed from the front line trenches of the revolution by the only means- that could remove her—death. The active revolutionary work of the days of Marx and Engels. this aged veteran extends back to In the early eighties, when Karl Marx, founder of the Communist Party was stiil alive and still its leader, Zetkin as a young school teacher entered the revolutionary movement. She lived and fought in the German class struggle through many years when Marx’s great collabor- ator and fellow founder of the modern revolutionary movement, Friedrich Engels, was still functioning as the ideological guide of the revolutionary working class. And yet Comrade Z shoulder to shoulder as a co-worker ship ushered in the greatest of all hist shevik October and the founding of t! etkin lived to know and to fight with the great Lenin, whose leader- toric events—the victory of the Bol- he “continuation of the Paris Com= mune’—the Union of Socialist Soviet Republics, under whose red flag she will be honored on the day of he Clara Zetkin completely belongs A member of the Spartacus group of their “own”, government in Germany and founded the Communist Party C which is destined by history to lead r burial. to the Communist World Party, revolutionary Socialists who fought into existence the Soviet Republic of Germany, Comrade Zetkin when she died was one of the most honored members of the leadership of the Central Committee of the German Com- munist Party, of the Presidium and Communist International. The world to this unconquered Bolshevik whose of the Executive Committee of the revolution bows its head in respect life is of the flesh and bone and. hearts’ blood of the Communist Party and International. The workers of the world will never forget how Clara Zetkin, as Senior member, opened the German Reichstag on August 30, 1932. She did not crawl, as the Social Democratic leaders did, as Otto Wels, the leader of the German Socialist Party did. With indomitable revolution- ary energy, she flung ihe challenge of the German working class into the face of Hindenburg, into the faces of the assembled Fascist junkers. “Only the proletarian revolution can put afi end to the misery and starva~ tion of the toilers,” she said, * * The bourgeois press—including the “Socialist” press through which the capitalist class debauches many honest proletarians—the bourgeois press dearly loves Bolsheviks—when they are dead. The same press, in- cluding the brazen liars, the New York Herald Tribune, the Times and the despicable, professionally countel ward, are busy expressing now their love and respect for the same Clara Zetkin whom they slandered and cursed during her lifetime! r-revolutionary Jewish Daily For- The capitalist press is now publishing the vilest slanders, even at- tempting to connect.the name of Zel tkin with the renegades and police agents of the Trotzky camp with absurd intimations of a mysterious sup- posed “disagreement” with the Communist International and the Com- munist Party of Germany and its present leadership Thaelmann, But these efforts to injure Ober living Communist International and many—in which the capitalist press headed by Comrade ‘a Zetkin’s gause, embodied in the the great Bolshevik Party of Ger- that applauded the murder of Zet- kin’s comrades Karl Liebknecht and Rosa Luxemburg, and who even screamed in effect for the murder of Clara Zetkin—cannot deceive any serious workers. injure Clara Zetkin’s cause, and dare: The bourgeois press “sanctifies’ Clara Zetkin only to s to do so only because she is dead and only because her fiery tongue with which to answer is silenced. Honor the great Clara Zetkin, gre: at woman leader of the revolution— by building in the U.S) rapidly and well the Party of Marx and Lenin in which she fought and died. U.S. BUDGET CRISIS GROWS AS GOV'T SPENDS MILLIONS FOR ARMY, NAVY Deficit ‘Now Largest Since the War, Gov't! . Seeks to Hide Budget Crisis by Excluding R. F. C. ‘Loans ’ from Budget WASHINGTON, June 21.—Despite the optimistic assurances of Roose- | velt that the crigis in the budget is coming to an end, the report of the | Secretary of the Treasury, Woodin, will show the largest peace-time deficit in the history of the country, it was announced today. The government ran up a deficit Hitler Germany—From the Inside—Article 5. legal “safe-guards”, the councils still represented a valuable weapon; very much could still be done to rally the masses, particularly if the revolu- tionary influence in these councils was strong, and, in fact, in recant years revolutionary influence in the councils has been steadily growing and in many important factory coun- cils throughout the country there have been revolutionary majorities. The struggle for control of the workers’ councils was a clear struggle between reformism and revolution. So long as the workers were able to elect. their representatives to these councils freely and without terror and intimidation, the Nazis had not a look in and the tide flowed steadily in favor of the revolution as against reformism, In many of the biggest and most. important factories the Nazis could not succeed in getting a single man on the councils. The industrial pro- letariat, the great backbone of the working class movement, was solidly anti-fascist, A Nasi “Election.” All the demagogy of the Nazis suc- ceeded in making no serious impres- sion, ‘The columns of the Nazi “Angriff” were full of the “progress” being made by the Nazis in the ranks of the working €lass, but every succeed- ing factory council election gave them the lie direct. But today the factory councils are in Nazi hands. How did this come about? The following is an example of how it was done and what it ac- tually means: In January the factory council elections took place at one of the big- gest industrial undertakings in Ber- lin, I shall not give the name be- cause to do so would be to reveal the names also of my informants, but I repeat, that I am prepared to give names, dates and full details of all cases described in these columns to any independent committee of inves- tigation. Vote Agaigit Nazis. ‘This undertaking employs about. six and hedged around with all sorts of or seven thousand worker and a thousand or so clerical employees, who vote separately and have their own council. The result of the elec- tion was that the Nazis, who put forward a list for the workers’ coun- cil for the first time, received less than fifty votes and were unable to win a single seat on the workers’ council, On the clerical workers’ council they won one seat. Then, however, came the appoint- ment of Hitler as Reich’s Chancel- lor, the staging of the Reichstag fire and the terrific campaign of persecu- tion, brutality and sadism, which has already been described in these col- umns, and at the same time a Nazi | effort to correct their fortune at the polls, Council “Arrested”. One morning a large force of armed and uniformed Nazis drove up in a number of lorries to the works in question, surrounded the building. guarded all the doors, while a special body marched straight to the room of the Councils where a meeting of the two councils was in progress. Every member of the councils, over @ score of men, was “arrested”, n- cluding two German Nationalist members of the clerical workers’ council, but excepting the Nazi mem- ber who, no doubt, had arranged the whole business. The kidnapped men were then taken off in the trucks to an unknown destination. The management of the works in the meantime got into touch with he THE BROWN TERROR 60,000 beaten up by murder gangs. | 350,000 raids, many with violence and robbery. | 50,000 in_custody. at 40,000 in concentration camps, where they are brutally ill-treated, DOWN WITH HITLERISM! DOWN WFTtH THE TERROR! RELEASE* ‘THAELMANN > AND OTHER WORKING, CLASS LEADERS. - NAZI TERROR AGAINST THE FACTORY COUNCILS) ! ot police, who, however, refused to in- terfere or to take any action what- ever, and advised the management to get into touch with the Nazis di- rectly. The relations of the German em- ployers to the Nazis are naturally ex- tremely close, and the works manager, really anxious for the fate of the so- cial-democratic members of the coun- cil, with whom he had woyked ami- cably for years, got into touch with the Nazi headquarters and discovered that the kidnapped men had been taken to the buildings of the old mil- itary administration in the General Pape Strasse, one of the biggest and most notorious torture holes of the Nazis 10 Berlin. The works manager went to the | | General Pape Strasse and was polite- | |ly received by the Nazis in charge. | | After long negotiations, during ; Which, according to his own state- | ment, he could hear the sercams from the cellars, he secured a promise that his men would not be maltreated and that they would be released “tater | on”. Led Into Cellar. And here is the story of the men themselves after their release. On arriving at the Genexal Pape Strasse their names and addresses were taken and they were them led down into a large cellar and handed over to a gang of uniformed Nazis, who im- mediately began to “put them thru their paces.” They were compelled to drill to military commands, to do the goose- step, Knee bending, doubling round the cellar and so on, All the old brutalities of the parade ground were again tried out on them and the whole time they were compelled to sing “Deutschland, Deutschland ueber Alles’ and other patriotic songs until many of them collapsed under the gruelling strain. The cellar was a big one and they were not alone in it. Men were ly- ing about in a terrible condition, hav- ing been beaten up with “Stahlruten” and other instruments, On ™ heap of sand in one corner of the cellar there was what had once been a man, but according to the statement of there men on their re lease, he was nothing but a heep ef | ers’ — ° Es bloody flesh and torn clothing, with his face beaten into unrecognizabil- ity. They were informed that this man’s crime was that he had said some- where that he would like to beat Hit- ler to death and had been overheard by Nazis and brought along to the General Pape Strasse. Beating pecple to death, “Jemand| totschlagen”, is a lurid and popular threat in Germany, something along the lines of our “I'll break his neck”, and to be taken no more seriously. Beaten to Death. For this “crime” the man was be- ing deliberately beaten to death him- self by regular thrashings with the pliable steel rods, the “Stahlruten”, most favored by the Nazis for com- mitting their bestialities and the sign in which Hitler is ruling Germany, Even when the victims were left alone for a whfle it was impossible to discover the man’s identity, for he was no longer able to speak. In the meantime the works man- ager had secured the promise of no maltreatment, and the kidnapped members of the councils were then removed from this cellar and put in- to one by themselves where in fact they were subjected to no further ill- treatment. A few days later they were all re- leased, after having been compelled to sign a statement that they had been subjected to no ill-treatment of any kind, that they resigned their positions as members of the councils perfectly voluntarily, and that they agreed not to come forward as can- didates at the next council elections, and that they would support no other candidates than those of the Nazis. Over a score of men can give evi- dence on oath to the truth of these details. No doubt, in the meantime, the new Nazi-rigged ‘workers’ council elections” have taken place at this factory, hundreds of known Commu- nists and Socialists having been sacked in the meantime, together with all Jews. The names are in my possession ang @wailable at any time. This case is fy of a score of other cases, perhaps of hundreds by this time, in which the Nazis have wou the work- councils.” ° s of one and three quarter billion dol- lars in the last twelve months. Ac- tually, the deficit is much larger than ever, these figures show. Roosevelt has instituted a new system of book- keeping which does not include the expenditures of the Reconstruction Finance Corporation in the current budget. If the goverpment’s outlays to the R.F.C. are included, as they should be, the deficit which the govy-~ ernment has run up in the last twelve months is about $3,000,000,000. This brings the total current deficit of the government close to $5,000,000,000. . Militant Expenditures Grow -— ‘The growing government deficit is due to.the enormous expenditures for the Army and Navy, and to the goy- ernment’s payments to bondholders. The government spends over $500,- 000 evexy wtar for military pur- poses. Despite the growing deficit. the Roosevelt government will spend’ even greater amounts for military purposes than ever. Roosevelt's Sec- retary of the Navy, Swanson, has an- nounced, with Roosevelt's approval; a new $238,000,000 naval construction program in addition to the $250,000,- 000 appropriation. In addition, the Government is paying millions to banks and railroads through the R. BC. A large part of the government’s expenses are payments to bondhold- ers. It has been estimated that 80 per cent of the goyernment’s bonded debt is payments on war debt-. \- ‘The Morgans, at the Senate inves~ tigation, showed U. S. bond holdings of over $250,000,000. ‘ Cut Wages and Levy Taxes ‘@ pay the interest payments on the government bonds, Roosevelt has cut the wages of Federal employees and the compensation of war veter- | @ns close to $1,000,000,000. ures, The government will be inevit- ably forced to issue large quantities Cad paper money to pay its jebts. ’ In addition, the Roosevelt govern- ment is launching enormous taxes to meet the interest payments to the bondholders. The tax program passed will cost the masses $200,000,. 000 a year in additional taxes. Hoover excise taxes which cost people $500,000,000 a year have been extended to 1935 by Roosevelt, i #2 HONDURAS CLOSES LAW SCHOOL AS ‘RED CENTER’ MANAGODA, Nicaragua, June 21—