The Northwest worker. [volume] (Everett, Wash.) 1915-1917, 1916-01-27
Lower Wagesor War
Capitalists Spokesman Throw Light
on Subject

| who does not see tho cat AFTER reau-
ing them carefully never could see
It.
The first Is from the official an.
nouncement by the National CITY
| (Rockefeller) bank, of the formation
OF the fifty million dollar American
International Corporation:
"The experience of the year has
constantly borne In upon those en-
gagged In this work the Importance of
having the United States take larg.
err part than heretofore in the indus
trial development of other countries
where capital Is needed. Wealth is
accommodating so rapidly that n portion
of IL can be spared for Investment
abroad Tho experience which our
people have had In large scale produc
ton, and in extensive construction
work, has especially fitted us to carry
on development work in other coun-
tries,
ITO deal with this situation ade
Quately, very large means are requir-
ed. No single corporation in its own
strength, or combination of banking
houses, out of their own resources,
can furnish the capital required. 1t
can only be found by arouslng the in.
terest and securing the cooperation
of the entire country. IT is necessary
to make it a national undertaking,
and appeal to the confidence, enter
prise and patriotism of the American
people. In order to do this, there
must be a competent and responsible
organization to act as an agency of
the investing public in dealing with
these foreign opportunities. With
this view and purpose, Mr.. f. A. Van
derlip. president of this bank, has OBJ
tanned the cooperation of a group of
leading banking houses, some of them
with extensive foreign connections,
and of large number of important
industrial and mercantile interests
engaged in foreign commercial activi.
ties, in the organization of a corpora.
ton called The American Interna-
tional Corporation with a charter
from the state Of New York and
capital of $5O,OO0,OO0. The charter is
broad enough to authorize the corpora.
ton to carry on any kind of business.
1t can own or operate, or buy or sell,
lighting and water plants, docks,
warehouses, mines, factories and mer-
camille establishments. Mr. r. P. Tin.
sley, for many years treasurer of the
Standard Oil Company of New York,
and intimately connected with it's for.
eign trade, will resign from that pc.
sition to accept the position Of sec
rotary and treasurer of this corpora
ton"
The second is from the same banks
December letter, which is mailed to
thousands of investors, and employ.
ers throughout the country:
Generally throughout the indus
tries in which male labor is required
the limit of capacity with the present
labor supply has been about reached
O.. This is a fact for the consdera.
ton of people who have been favor
ing drastic changes in our immigra-
tion laws. We may plan for the ex-
pansion of our industries and their
entrance into foreign markets, but
the plans cannot be carried out with
out the immigrant. The common la.
Dor supply comes from no other
source"
! Insert Cheap" for common" and
the banks meaning becomes clear.
Cheap labor at home is the foundation
on which the new world empire must
rest.
The third is from a paper read by
Rear Admiral French G. Chadwick,
U.SN., before the Clarke University
conference on the war, at Worcester,
[
that it is a Rear Admiral, not a labor
agitator or visionary who is speak
ing:
imperialism has had its worst and
most injurious development in recent
years, it's essence being land grab.
bling and the establishing of spheres
Of influence. Navies and armies are
4 insurance for capital owned abroad
by the leisure class of nation. 1t is
for them that empires and spheres of
influence exist. The great war now
raging is elimination of efforts to
maintain and extend these spheres.
| The times has come to call halt"
And the day Real Admiral Chad
wick was laying his finger on the
sore, the president of the steel trust
and the other dreamers of world con.
quest, based on exploitation at home
were giving a dinner in New York