The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-08-19
MORGAN GETS
STRANGLEHOLD
ON GERMANY
Socialists and Bankers
CIinch DaweS Plan

Especial to the DAILY WoRKERl
LONDON, August 16.-What
may turn out to be a second
treaty of Versailles was signed
in London when the German
and French delegates to the
London Conference agreed on
the conditions for the evacua-
ton of the Ruhr, the only OBJ
stacIe in the way of putting
the Dawes plan into operation.
The reparations protocol was
signed by the Allied and Ger
man representatives. Premier
Ramsay Macdonald having
done good work for capitalism
was ready to go away for a
vacation. The bankers and
their political lackeys, were get
ting ready to leave London.
There was an air of optimism
everywhere. The bankers had
won.
Bankers Accomplish Purpose.
1t took months hard work for the
bankers to accomplish their purpose.
But they have plenty of time. I'm
portant factors in the peace-making
were the American ambassador Kel-
logg, Col. James A. Logan and the So
cialist premier, James Ramsay Mac
Donald.
The manner in which Macdonald
co-operated with the bankers who
were responsible for the bloody war
which the erstwhile pacifist opposed
was testimony to the elasticity Of
that gentleman's political creed.
Depends on German Workers.
The German Reichstag is expected
to pass the necessary legislation on
August Is, so that the Dawes plan
can be set to work at once. The
DAILY WORKER has already made
it quite clear that operation of
the Dawes plan depends on the
German working class. 1t is out of
their flesh and blood the profits must
come to pay the PREPARATIONS, and the
millions the international bankers
will receive in commissions for float
ing the $2OO,OOO,OOO loan.
From the point of view of practical
politics in the immediate sense the
successful conclusion of the London
conference is feather in the hat of
Ramsay Macdonald. He now stands
high in the estimation of the interna-
tional bankers. Perhaps none of the
leaders of the bourgeois parties of
England could accomplish what he
has for high finance.
Macdonald, Socialist, was able to
call Premier Herriot, radical Social
list, comrade, and send greetings to
President Ebert of Germany, also a
Socialist There was the picture of
Social democracy doing its stuff" for
the international bankers and the lat
ter are not unappreciative.
To Start Evacuation Soon.
In order to dull the sharp edge of
nationalist German resentment, the
French have agreed to start with
drawing the troops Immediately after
the Dawes plan starts to function.
1t is reported that the visit of
Charles Evans Hughes to Paris and
particularly his conversation with
Poincare, has smoothed the way for
Herriot in the French parliament.
Hughes was able to tell Poincare that
the United States government was
behind the Dawes plan and any
French statesman who succeeded in
overthrowing the Herriot government
by an appeal to French chauyinism,
would find bill collector from the
United States at his door, very short
ly asking embarrassing questions
about the French debt. This club
knocked belligerency out Of Poincare
with the result that he sent Louis
Lucheur to London to inform Herriot
that il the latter insists on a years
time to evacuate the Ruhr, Poincare's
opposition in parliament would not be
serious. That is the way the political
situation stands at present and it is
not expected that the French nation
alists will dare the wrath Of the Unit.
ed States government.