The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1919-06-27
New Imperialism
Plans Big Moves
Popular Sale OF Foreign Securities
to Make People Support Trade
Grabbing.


The Nations business, official or
gan Of the United States Chamber OF
Commerce, and other big interest
magazines, are. carrying a thinly dis
used propaganda to build up Aneri-
can Imperialism. The great plan
has many ramifcations.
The nations ships are to be sold
so that special private interests can
dominate the channels of trade and
say who shall export and VINO shall
not. The railroads are to be given
back SO that the trusts can work the
rebate evil to drive out independent
business. All legal protection against
nonopolies is to be abolished
Then comes the special plans for
the foreign field. The war profits
here have been so enormous and the
incomes OF our consumers are SO
small in comparison TO the amount
OF goods our industrial machine can
produce, that the big interests be-
lieve foreign markets absolutely ne
cessary If their profits are to keep
up.
FOREIGN FIELDS NEEDED
They must make great foreign in
yestments and secure vast foreign
markets, but to be most successful in
this they must have the backing of
0lr army and navy, whether their
particular case is right or wrong. The
problem then becomes-hoW TO make
Tie American people iaperialistic,
and its solution is simple. They are
GeiIg to sell q vast amount of for
elgn securities to the plaiR people,
following the experience DEVELOPED
2 the popalal sale of Liberty bonds.
Their papers have. learned the fe8
art al pe5dlln atrocities when thcy
ere needed and that Patriotism
which consists Of america over all.A
When a large number Of the plain
paople have Chinese, Italian, MeXi-
can or South American securities
stored away, they e that our hearts
viii follow this treasure into rem
pant imperialism.
In the June issue Of the Nation
business enc OF the writers aeclaes
under the. tide Of "The Dollar Gots
Abroad"
The real problem before as i
Gre in educational and constructive
craftsmanship. Tie ma kct fer thasa
Ea ST creel-s IS t,ae co.ce Er
q Al2c1ica 'gale3 a
st amcl1 81 ae a
bca in tao possession of az
ln history This IS HcG L z..-tss
Beast b=, Q CONNER Il ae-"
LDt% sEL0A b aLL
~ltiar On ia th saae article the
"l-.er males theae A.aftneae
" ne. campaign to oagcate che
american people 10 - fen iea SC
-uf.-ti must be undertaken bT the
bankers O. tic co5 lr and by the
1llll actaTlag aad shipping compa-
ics Interested in To1 eicn trade on
-lea,l-eut commercial basis"
When he says bankers and manu-
22surefs he means something quite
different from what would ordinarily
&c understood by these terms. He
raeans that the bankers in general
and The smaller manufacturers should
hold themselves ready to do what
Morgan & Co. dictate. This point is
brought out Z. little later thus:
"Ihe Investment Bankers Associ-
atlQn Of America has already made
promising beginning by appointing
an extremely able committee on for
elgn securities, under the chairman
ship Of Thomas W. Lamont of J. ?.
Morgan & Co. 1t seems to me
chat if the American Bankers asso-
citation, the Foreign Trade council.
the American Association Of Export
Manufacturers, and tie Chamber Of
Commerce Of the United States an
point similar committees Immediately
and have them 81 function thr0bgh
alr. .Iamont's committee as a co-or-
tinating agency, the machinery would
be created fgr organizing and carry
ing Forward this campaign Of educa-
ton"
Now that the teaching staff is
chosan, we. can q. prepare to attend
the Wall street college course in the /
New Imperialism.