New Ulm review., 1922-02-15

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collation. of the loans made their coun-
tries during the war for that is their
business. That it is immoral and un-
ethical makes little difference to them or
their spokesmen here. Sensible people.
expect nothing else from European states
men and their press agents and advisers,
here. ..a
| Since big bankers have great inter
national interests we can readily under 1lel 4
stand why American fnanciers are un-
patriotically assisting the work Of the
Entente agents in the United States, for
they are interested only in collecting the
loans advanced England, France and
Italy before we entered the war. Every
man outside Of a nursery for an insane
asylum is aware that the patriotism Of
bankers is regulated by, and rises and
falls with their loans and dividends.
We can understand why manufacturers
interested in export trade in England
want Uncle Sam to cancel the loans. They
honestly think it will help their business
Brief as these statements are, the reader
lcan clearly see why the Entente agents
here, with our Wall Street bankers and
our manufacturers and exporters want to
wipe the loans off the books and start anew
with a clean slate. u, -.,a 5~nl II. I'D
| We would like to be able, to find as
simple and as easy an explanation for the
radicals and the Socialists when they
shout, Cancel the loans" Their recon!o77 o.
mic arguments are unsound. and heir a
attempts to justify their conduct on the
grounds of political or industrial expedien-:
| cy are fallacious. Though we opposed
the loans to Britain and France on the
ground that they were to be used not for
social and constructive purposes but for
imperialistic and destructive aims, we
now see the advantage of using them as a
club over the heads of Britain and France
to compel them to let up on India
and Ireland and Russia. zat. ..,t.s Gs.
The French and the English are de-
manding that Soviet Russia pay the debts
| the Car contracted with them and be-
cause Russia has so far refused on the
ground that France and England knew
that Czarism was tottering to it's fall and
that they gambled on bolstering it up.
Hence they must take the consequences.
The people of India and the represen-
tatives of Ireland say that their people
are being shot down by American rifles,
guns and shells, all fired by British sol
diers, paid out of money borrowed in the
United States. .......s.' :.
o., When Meyer London stated that a
Socialist national convention advocated
the cancelling of all loans, he was not
correct in his history. What the So
cialists in the St. Louis anti-war conven-
tion advocated was, "No Annexations; !;
no Indemnities," which was different
meaning from cancellation Of loans" I"
Congressman London is the chief sinner,
but he is by no means the only one. We
have heard before of radicals, liberals,
Communists and Socialists preaching that
the cancellation Of the loans of Europe
is the only thing to do. Yes, and preach it
without reservation or qualification, but
never have we heard them base their ar
guments on Socialist platform until
Meyer London came along. glss
Before the workers or their represen-
tatives, be. they radicals, Communists
or Socialists, dream Of consenting. SCI to the
cancellation of the loans ito England and
France, they should frst-see that those
countries fatty and squarely renounce all
claims on Soviet Russia. Second, thae
the German indemnity asked by Franctl
and England be withdrawn; third, that all
the colonies be, returned to Germany,
and, fourth, that all consideration Of the
United States cancelling the loans to
Britain be dropped until such time as
the peoples of Ireland, India and Egypt
have the form Of government they want.
This splendid opportunity to serve the
cause of freedom in Europe and Asia
should be taken advantage Of and pushed
home with all the force it is possible to
command and to organize. @
It seems to be the fate Of our radicals,
be they Communists or Socialists, TO bel
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