davidaulloa/AmericanStories huggingface dataset:
River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1924-01-03
EVENTS OF 1923
PASS IN review
Happenings at Home and Abroad
During the Twelve Months
That Have lust Closed.
PRESIDENT HARDlNG'S DEATH

Futile Attempts to Settle German Rep
araslons Probiem-France oeeu-
pies the Ruhr-Turkays Dlplc'
matte ACKNOWLEDGEMENTS Earth.
quake In Japan--American
Prosperity and Politics.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
he House at the Corner By LovesOne
By Jay Lovestone
ITO Be Continued Tomorrow

fifteen minutes, twenty-five million
dollar loan to Austria.
6. A few months ago Mr.. Morgan
arranged a hundred million dollar
loan to bolster up the falling French
franc.
z. Today Mr.. Thomas w. Lamont
is rooming at the Hyde Park Hotel.
London, and keeping an eye on the
International Reparations Conference
in behalf of his firm, which is counted
upon to float the two hundred million
dollar loan to Germany.
8. Owen D. Young, who is slated
Agent, is director of the General
Electric Company. Two Of Mr..
Young's co-directors on the Electrical
Trust are members of the firm of ].
P. Morgan & Company.
1.-THE House at the Corner" in New
York, is today the dominant force in
the politico-financial affairs of Amer
lea, France, England, Austria, Hum
gary, and in several countries of the
Orient.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
Observe "Anti-Wor" Week

If any worker feels that the "Anti-War" Week,
set by the Communist International and observed
all the world, July q to August 8, is not Of
pressing Importance, let him think back ten years
and remind himself of the days of July and August,
1914.
While it was true that in Europe the workers
had some faint realization of the war danger, yet
it not taken seriously enough for them to real
ly raise the question: GLOW can we fight against
that the war had started for weeks after workers
had been killed in the tens of thousands. The next
war will spring upon us just as quickly and unex-
pectedly. The recent death of an American agent
in Persia, for example, may be the beginnings of
the next world confagration.
Today the great question Of war, viewed from
the angle of working class interests is how to turn
the conflicts of capitalistic imperiaists into the
struggle to overthrow the capitalist system. The
way to end war is, first to understand it's causes,
and its agencies within the working class; then to
organize the instrumentalties for turning the i'm
perialist war into the civil war that will abolish
the dictatorship of the capitalist class.
The "Anti-War' special of the DAILY WORK
Err next Saturday will be devoted to this problem.
1t is of the most vital Importance to the working
class. 1t demands wide circulation, and careful
study, that the next war will not find us entirely
unprepared. When the workers finally wake up
to find themselves in the midst of war; this "Anti-
War; edition of the DAILY WORKER will be
their handbook of theory and practice.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22

The third state Farmer-Labor Party to endorse
the Foster Gitlow ticket in the presidential cleo
ton, and to denounce the betrayal of the Farmer
Labor movement by the G. P. P. A. and LaFollette
is the Missouri Farmer-Labor Party. Their action
follows closely upon that of the California Party,
which repudiated its executive committees en-
dorsement of LaFolette, and of the Illinois Labor
Party, of which Duncan Mcdonald is the secretary.
The LaFollette independent candidacy repre-
sents "a calculated betrayal of the Farmer-Labor
political movement" declared w. M. Adams, state
chairman of the Missouri party 'The Workers
Party is the one party which has striven con
sistently and valiantly for the realization of a
mass party Of the wage workers and exploited
farmers"
1t is not surprising thus to the political or
CARNATIONS that were striving for the goal of a
united 'front.' now throw their support to the Com
munists, rather than to the middle-class movement
of LaFollette. For the workers and farmers have
learned at least one lesson, thru their bitter ex-
periences and that is the absolute necessity of
organization to control their political candidates.
They have deep suspicion of men who, like La
Toilette, reject the organized control of a work
ers political organization. That is the first step
toward learning that nothing but workers. gov
ernment built from the ground up will solve their
problems.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
In the Interest of Humanity

The editorial columns of our metropolitan and
rural press are now filed with glorious boasts
about the humanitarian interests which are in
spring American participation in the London
reparations conference
That this propaganda, rather than the American
participation is inspired is obvious to all who have
been observing the maneuvers of our employing
class in extending its sway over new fields of in
vestments, more spheres of influence, over
new world markets. If one would accept all the
talk about humanity INDUCED in by the Yankee
aristocracy of gold he would be compelled to con-
clude that the American capitalists have an in
disputabe monopoly altruism and humanitar-
ianism as well as shaky hold on oil and coal.
But we will leave it to the Wall Street Journal
to tell us about the dynamic motive and force i'm
polling American participation in European recon
struction. In explaining why the unofficial OBJ
Servers" on guard for the United States investors
at the conference, are so adamant against any
changes in the Dawes plan the Wall Street Jour
nal declared "Not cent of American money will
be forthcoming on any German Interpretation of
the Dawes plan. AS the trainers of it have pointed
out the plan interprets itself"
Here we have the essence the height of altruism
attained by American Imperialism. The attitude
of our unofficial and backdoor observers, at the
London Conference well as at all other interna-
tonal conferences, is decsively attitude Of the
investors, the business men.
American bankers see a sound investment in a
huge German loan provided they and they alone
will be the ones to set and interpret its terms.
The American bankers, all their humanitarian and
altruistic talk to the contrary Notwithstanding,
are not accustomed to sinking two hundred million
dollars in questionable enterprises. This accounts
for Mcdonald laying down the law at the Confer
r. L. IL,
in the least Ambassador Kellogg's fourishes
about the perfection of the Dawes scheme also
take root in such selfsacrifce.
Our bankers and manufacturers are now rushing
TO the reconstruction of capitalist Europe with
the same humanitarian interests guiding their
class policies with the lofty principles that char
acterized their entry into the World War after
which they became the masters of international
exchange and economy.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
r. ussEA in 1924 - B. WILLIAM z
By WILLIAM z. FOSTER

Of the rube and the balancing state budget When the
Bolshev into power they found themselves under the
to keep the mping industries going ct To raise su
fcent money by taxation of the question: the
pdient of initiating the resorted to- Enormous
quantities of paper rubles issued to the deficit
which the returns from taxation and from the state industries
unable AS result the value of the rube
to
Now the issuance of all this paper money a vital
necesssome declared that it the revolution for
essential supplies could have been assembled in sufficient
quantities otherwise than thru the sale paper money But
the suffering economic system had high price for it.
With the rube the toboggan, the building industry
became out OF the question Accounting systems i'm
possible and the and other producers things
to sell the ghost rather than operate with the worth
less rubles, which melted away in their hands Hence the
sterilization of the rube earyoomed pressing
problems demanding solution During the this has
been practically accomplished The of
ponet or hard 10 rube achievement
1t marked crisis in fact The whole thing
failure had the looked upon the merely
as the old worthless under the prestige
fthe Soviet government had risen high the
exhibition of the gold and precious held as reserves
behind the money worked when the cher
0oet@ appeared was at accepted at it's face
only in Russia but in all the money markets of the world
For while the government continued the ruble
side by side with the sound chervonez issuing the paper
of old to meet its debts But during my visit
this dual SYSTEM which probably
ended by the canceng all ebased rubes
and throwing the entire money system of the
stabilized chervonez Silver coins being issued in
large quantities and will be followed by gold Thus
poverty stricken ouawed Russia which not even be-
eve in money system at all except as thing necessary
during the transition period between capitalism and com
munism while independent production lasts the first
country in Europe able stabilize currency Germany
Poland and other countries are following its foot
steps, trying make their okenbacked finance systems
stand up
ITO Be Continued Tomorrow
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
Solid for a Labor Party

Yesterday morning we printed an enthusiastic
letter from comrade Joseph M. Caldwell, of Rhode
Island which called for renewed energy and pep
in the presidential compaign, now that Foster and
Gitlow have been nominated. 1t was a good let
ter, and we hope that every member of the Workers
Party read it, The spirit breathed in that letter
is the that is going to establish our Party as
a power in the life of the American working class.
Some comrades might receive the impression las
some have openly stated) that the enthusiasm
created by the FOSTER itow candidacy is a sign
that we on the wrong track and that now we
are right because we have 'pure" Communist
campaign. That is a wrong attitude 1t should
not be allowed to develop The Workers Party
carries on an entirely Independent campaign, not
because we chose that road but because those with
whom we should have been allied, deserted the
cause of a Farmer Labor Party and betrayed it
to a mddleclass politician.
We are not surprised by betrayals such as this
We know that the history of a Labor Party will
be replete with such betrayals. We know that final
" the masses will realize that only the party Of
the Communists can lead them to victory over CAPT
talism. But in the process of learning that lesson
it is going to be necessary for the Communists
time and time again, to fight in all earnestness and
sincerity for united action, for the Labor Party
and to join with non Communist elements in such
actions Our present campaign is no Reputation
of this principle of tactics And one Of our main
slogans even while we carry on this campaign
must be
FOR THE FARMERLABOR PARTY.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
BY EARL r. BRoWDER.


CENATOR FRAZIER of North Da-
- kota announces his support of La.
Toilette, because Coolidge did mot
represent his brand of republicanism.'
Frazier is a member of the republican
party, he remains a member, but he
supports LaFollette in his personal
compaign for the presidency.
Senator Wheeler Of Montana an
nounces his support Of LaFollette be-
cause Davis does not represent his
brand of democracy. Wheeler is a
member Of the democratic party, he
remains a member, but he supports
LaFollette in his personal compaign.
These two men are typical of the
LaFollette movement. They are mere
protesters against the particular ma
chimes in their parties. They main
tain their party allegiance, block the
door open carefully for a later return
to regularity, and declare II am a re-
publican" or Il am a domacrat."
Eugene Debs goes thru the same
motions. He is still loyal to the S. p,
he declares, but hopes to make a la.
Dor party out Of the Fraziers and
Wheelers. He has not their other
arguments, he is not revolving against
an s. p. machine, for there is none.
He Is fleeing from bankrupt house.
The American Legion vote is still
Ihssiaatins. Not 40 laaS ara ~ wa,
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
More American Imperialism

American imperialism appears first unOffcially,
with loans and missionaries, investments in the
basic industries. Then it is followed by armies,
navies, ultimate, and war
The next war may see the boys from Chicago
and Detroit marching into Warsaw. This is fore
cast by the recent announcement that Poland is
negotiating loan in the United States, and that
an alcohol monopoly has been created, to raise the
revenue to guarantee such loan.
Negotiations are in the hands of Premier Grab
ski. 1t is good name the worthy premier has,
and typfes also the spirit of those who will make
the loan. The American financial sharks will al
low Grabski to grab bit, but the last grab will
be made by American capitalism The youngsters
now graduating from school should study up on
Polish language and geography. They will need it
when they march on Warsaw and Cracowi to col
lect the defauted interest and establish "guaran-
tees"
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22

IN Wall Street the firm of ]. P. Nor
! gan & Company is known as 1.-THE
House at the Corner" The throne
Of financial America, in effect of the
financial world, is located in the Of
fee of ]. P. Morgan & Company, &C.
cupying the corner building Of %
Wall Street, at Broad and Wall
Streets.
The nomination of John w. Davis
by the democratic party has brought
Mr.. Morgan again to the foreground.
AS a matter of fact, the decision Of
the New York Convention in choos-
ing a member of the law firm of
Stetson, Jennings, and Russell, whose
client J. p. Morgan & Company is,
is not an innovation in the extension
Of Morganatic politics in the United
States. President Grover Cleveland
was a member of the same law firm
which was even in those days the
legal defender OF this international
banking house.
The Throne of the World.
Mr.. Morgan is the trustee Of mil
lions of shareholders. 1t would be
more accurate to say that he is the
boss of millions Of shares. In terms
of available ready dollars for finan-
cial purposes, rather than in terms
of actual dollars owned, the firm Of
]. P. Morgan & Company is an all
powerful financial kingdom. It's finan-
cial control far exceeds it's dollars
possessed.
The greatness Of the sphere Of in
fiuence of the House Of Morgan can
be appreciated only by viewing the
far-fung boundaries Of its financial
empire. The following table indicates
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
CONTINUED from Last Issue.)

That political akr Lloyd George said at least one
true thing while he in office This during the
stadt revolt early in 1921 when he said that the Boshev
could survive that supreme the governments
has turned in Never the sentiment pre-
vaent than that the economic rehabilitation of Europe
is impossible without the participation of Russia 1t has
been hard fight force this conviction home But
suit worth Already Russian exports imports
reached 2O OF prewar figures and rapidly growing
The growing imports exports breathing breath
life into industry and agriculture all the country Speak
ing the Moscow Party Conference May a. 1924
subject of the development of foreign trade Comrade
said:
"The government export Gall exports and imports
government controled) has been developed by
during the last year that completely carried out the
program laid down in the spring Last year decided
upon the renewal of the export operations which had
been in allegiance for 10 years We worked program
the expectation of 100000 pools of grain this
year. We confidently state that will carry out
this program in full, and in such that will
knock out the American grain. In fact, have
reconquered old position in Europe in the course
of one and one half seasons"
The capitalist statesmen looking askance at the ad
through the they
poweress stop it. They have tried lay the
basic condition for Russas participation in world affairs
the payment of the debts of the Czarst and Keren
sky But without avail Although the Russians
willing talk lot the subject they refuse absolutely
pay agree pay They have served notice the world
they will allow themselves to be ensaed robbed
fruits of revolution Nevertheless they being
recognized by countries and the process of breaking the
blockade goes In another three terrible
blockade of the greatest crimes history will be
than a hated memory
Stable Money-The Budget
of the aforementioned problems is fully solved but
all are on the way solution. case with the
breaking of the blockade and likewise with the sterilization
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
"STILL REPUBLICAN"

bowling for rope around LaFollette's
neck, but now-well, Coolidge vetoed
the bonus, and the democrats re.
jected Berry. So the Wisconsin Sena.
tor, especially since he has sabotaged
all effective organization of the work
ers and farmers, looks good to these
budding Fascist.
Ku Klux Klan-ites received a bet.
ter reception from the LaFollstte
crowd than most anywhere else. They
we're not rebuked, the welcome sign
was on the doormat for them, and
nothing was said or done to make
them feel uneasy. So LaFollette ought
to get quite X. X. X. vote.
And now, according to rumor, the
Gompers' machine is preparing to get
on the bandwagon. II Is not impossi-
BILE. That would add the LOST touch
to- complete the pot-pourri OF middle.
class confusionism that make the La.
Toilette movement the most entertain.
ing spectacle seen in decades. IL will
also be the last item necessary to
make it the most futile "revolt" of
the American masses.
Still there are people who expect
that out OF this welter of muddle-
headedness, timidity, self-seeking, and
political bankruptcy, can come Ia
Dor party. What is much more likely
is the emergence OF the party of
American Fascism.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
Views of Our Readers
Dirt Farming Pays.

To the DAILY WORKER The
first real sign of normally" since
Teapot Dome was noted In the Chi
cago dispatches of July Is, indicated
by headlines Grain Gamblers Take
in Millions on Rising Prices" One
real dirt farmer" was "reputed" to
have taken in" on one crop Of corn
between $1,500,00 and $4,000, 900.
Other dirt farmers" will at once re-
cognize him because he is 'immacu-
late in attire" and his knowledge of
corn crops was obtained while
bookkeeper in A. s. White & Co.. be-
coming a member of the Chicago
Board of Trade in 1896" He started
!cultivating his corn when was in
California last February"
Another real dirt farmer" James
A. Patten, cleaned up an old oat field.
He is the one who in 1910. made
several million dollars" on one corn
crop and came near being "mobbed"
in England where he went to exhibit
his results.
And there are dissatisfied farmers
who really insist that farming does
not pay!
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
Experience by Proxy

One of the means by which rulers keep their sub
jects quiet, is to allow them to get some of the
thrills of the life of the better classes" by proxy
thru reading the newspapers. This is the func-
ton of the society pages" of the elaborate des
criptions of balls, divorce actions scandals, fancy
gowns, etc.
Now the capitalist newspapers are going another
step in the same direction. They will also give
the masses the thrill of murder without the neces
sity of doing the murder oneself. The trial of
Leopold and Loeb in the Franks murder case,
being crime from the ranks of the higher bour-
geoisie serves admirably to give the masses their
experience by proxy
Profits on the extra sale of papers, due to the
morbid curiosity aroused by the capitalist press,
is an incentive to the publishers also, tho perhaps
not decisive The main spring behind the Franks
publicity is the same as that behind the elab
crate attention given to a funeral in the family of
a high politician to a scandal in high life, to
horse racing "Give the boobs something to won
der about. 1t will keep them quiet"
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22

al financing dld Tor the OLD j. +. MOI
gan and Co. during the Civil War,
international financing did for ]. P.
Morgan & Company of today in the
World War.
A Galaxy Of Financial Wizards.
In finance, as in politics and war,
the success Of an individual or a
group depends upon the ability to
marshal number of able lieutenants
for common action. Mr.. Morgan has
set an example in this strategy. The
group of financiers gathered in the
firm of j. P. Morgan & Company is
unexcelled today. The roster of the
firm includes:
John Pierpont Morgan, Edward T.
Stotesbury, Charles Steele, William
H. Porter, Thomas w. Lamont, White
w. Marrow, Edward r. Spettinius,
Horatio G. Lloyd, Russell C. Letting
well, Junius S. Morgan, Jr., Thomas
Cochran, Elliott c. Bacon, George
Whitney, Thomas S. Gates.
These thirteen men hold nearly one
hundred and ten directorships in
various corporations. Classifying the
interests controlled, we find the fol-
lowing leading groups: Banking, IL;
trust companies, IS; copper, 4; in
surance, 4; railroads, 16; shipping,
2; coal. z; power. /; iron, j; gas, Q;
electric, Q; automobile, 1, General
Motors Corporation); agricultural, g.;
employers associations, 6; colleges,
l.. cemeteries, /; publishers, 1; loco
motive workers, 1, and 16 miscellane-
Gus corporations.
Thomas S. Gates, one Of the Nor
gan directors. is the chairman of the
Board of Directors of the Standard
Steel Company, which is known as a
corporation under the guidance OF
Andrew w. Mellon, secretary Of the
treasury.
Russell c. Lefingwell, another
Morgan director, was the Assistant
Secretary of the Treasury, 1920.
Apparently the connection between
THE House at the Corner" and the
White House has been in good
shape for many years.
Morgan at Work.
The tremendous international poll
teal influence OF ]. p. Morgan &
Company can be traced in the follow
ing recent outstanding events Of NJ
ternational finance:
1. When the war broke out ]. p.
Morgan G. Company floated the first
loan of twelve million dollars to the
Czarist Russian government.
2. In 1915 the British government
appointed Mr.. Morgan its purchasing
agent in the United States. Thus,
the Morgan Arm controlled the hun
dreds OF millions Of dollars spent by
Great Britain in the United States.
8. In April, 1915, j. p. Morgan &
Company arranged a fifty million dol
lar loan to France.
4. In September, 1915, Mr.. Nor
gan organized a syndicate Of twenty
two hundred banks and fioated loan
of FIVE hundred million dollars for
the Allies.
8. Under Mr.. Morgan's leadership
there was recently organized syn
dictate OF forty-two banks which over.
subscribed four times, In less than
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
Mexicans in Texas
Must Work Without
Wages or Take Jail

SAN ANTONIO. Tex, July 21.--Dt
rectors Of the railroad shops at San
Antonio in connivance with immigra
ton officials are keeping Mexicans
working for weeks without paying
them their wages, II is charged. The
workers are put off with the promise
of pay the following week. When they
become insistent they are arrested for
vagrancy and deported across the
border. the company retaining the
wages.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22

Republican orators are tuning up to the key,
FARMERS, we brought you prosperity" citing the
advance in grain prices But the only prosperity
we have located so far, is on the stock exchange
where one ''investor" cleaned up a million and n
half last week. Perhaps the farmers will rejoice
evsr that
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-07-22
FOR THE FARMER-LABoR PARTY.

Prosperity for the workers expresses itself today
in the fact that half the steel mills shut down.
others on part time, textile industry running 1917
normal in New England, unemployment increas
ing by leaps and bounds every day. Wonder if
the unemployed think that busting the trusts will
help them?