The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-11-29


Many interesting admissions are contained in
the letter Of Clementel French minister of finance
to j. P. Morgan and company in connection with
the recent loan of $1OO,OOO,OOO' underwritten by
them.
Two paragraphs in particular are Illuminating
One deals with results expected from the Dawes
plan and says:
The plan Of the first committee Of experts
Dawes pIan) in operation provides for
periodical payments to be made by Germany to the
agent general for PREPARATION payments. The receipt
by France Of her share Of these payments will
able the government to accelerate the execution
Of It's program Of full financial rehabilitation and
70 proceed 70 the rapid amortization Of the
public debt.
What does this mean except that the more
pressure American investors bring on their gov
eminent to enforce the slavery of the German
workers under the Dawes plan, the more secure
are their investments in France? "Only by copious
quantities of blood and sweat squeezed from the
German working class can your golden dividends
be paid" says the mouthpiece of French capitalism
to the gamblers in human lives.
The second inducement of Importance to the
American investor is proof submitted showing that
the French government is depressing the workers
In a manner designed to commend itself to the
best class of Yankee open shoppers that has de
sire to participate in their exploitation. The
paragraph reads:
The Improvement in the French economic situa
tIon since the srmIstlce Is shown, in a general
way, by the improvement In the operation Of the
railway systems. The average ratio Of operating
expenses TO gross of the six great rail-
way systems, which In 1920 was $50 per cent, has
been steadily reduced to 81 per cent in 1928 and
estimated ratio Of 70 per for the current
year.
If we read railway wages" in place of "operat-
ing expenses" we have fairly correct idea of the
reduction in the workers income that has made
this saving possible.
1t is not the German working class alone that
pays tribute to the American capitalists, but the
French working class as well.
The whole letter is the best of evidence that
American finance capital is the real ruler of con-
tinental Europe today. This may be source of
pride to workers who are still confused as to the
meaning Of this, but one day the European work
will refuse to be ground to pieces in the divi
dend machine of continental and American capital
and then 4aa
Well, then the masses of the United States will
be ordered to bring bayonet democracy to Europe
once more. They will not like it, but unless they
begin to prepare now for the overthrow of Amer
lean capitalism, if they do not begin to understand
who their class enemies are, if they do not dethrone
the social reformists and trade union tools of
American Imperialism who control their mass or
CARNATIONS, there viii. be a blood bath compared
to which the last war will be a Sunday school
picnic.
Only the Communist Party of America sees the
danger in this country and it alone organizes the
workers for resistance to the Dawes plan-the most
cold bIooded scheme of mass exploitation bull
warked by mass murder that has cursed the world
to date.