The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-09-04
Morgan Hunts More
u. S. Suckers to Buy
the Bonds Of Belgium
BY J. LOUIS ENoDAHL.

BY J. LOUIS ENoDAHL.
TODAY the House Of Morgan puts upon the market for
sale, $3o,ooo,ooo in gold bonds Of the Kingdom Of
Belgium.
Belgium like all the other European contenders in the
regent needs money 1t needs it badly So it calls
the favorte financial agent of bankrupt Western European
capitalism Mr. Perpon Morgan and all his financial con
nections, to come to its aid.
The DAILY WORKER carries no financial department
1t does not offer investment advice But in this
instance would advise that workers. if there any so
blind to plan buying any of the Belgian bonds DON'T
preparation for the next Morgan that will fought
like the'last to protect Morgans bonds in Europe
The House of Morgan makes its Belgian offer very
attractive to the small investor Evidently Mr. Morgan
doesn't expect workers to bite his Offer the bonds
denomination of 81, and 500.
But the King Of Belgium in a bad way financially. He
is only asking ga cents the dollar and he is offering
per interest is promised that there will be
against these bonds or in the future Morgan is very
loose with his promises OF what going to happen in the
future.
is not planned to use the returns from this loan to
build for anything that will better the life of the Belgian
This loan is being foated by Morgan to aid Belgian
and treasury notes due on January 1925 Since the
loan being foated at ga the dollar will take the
$30O00000 pay off the $27000000 In other words Bel
GUM, under the guidance of Mr. Morgan slips still further
into debt.
In big advertisements, Mr.. Morgan tells American in
vesors that the workers in Belgium faithfully the job
industries Begums chief industries, has attained
passed the pre-War level"
Incidentally the publicity points out that Begums
external debt at the present time totals sum-
for such small country, of $451 100000 which does not
include the $7t78oooo advanced Mr. Morgan does
say oaned by the United States government before the
armstce and on which no interest has yet been paid
Mr.. Morgan no doubt thinks that as long as he can
prevent his office boys at Washington Coolidge Mellon and
Hughes, demanding payment Begiun1s debt 70 the
United States and long the Belgian stick
the Job working tor Belgian capitalism, just long will it
be possible for him to Keep floating for
Kingdom of Belgium in this country, to the usual army
of suckers always to be found among small investors
But the Communist is growing in strength in
Belgium; just it is growing thruout all Western Europe
There will come time when the Belgian workers will refuse
longer to pay interest debts owing to foated by
House of Morgan Those workers, for Communism
will refuse force the German workers. under the Dawes
plan to furnish reparaons gold the Belgian capitalist
government in order that may pay its debts Morgan
And there will be an echo of this growing Communist
strength in Western Europe in increasingly rapid drift
to Communism in the United States also. The cry will go up
over the nations. "Repudiate all debts to MOrgan!"
And of the hackers of Morgans new loan to Belgium
is the Central Trust Company of Illinois, the head of which
presidential candidate Dawes with Coolidge expects head
another Morgan government at Washington after the
elections
The workers of the United States, in this campaign
therefore can best show their solidarity with awakening
labor Belgium Germany and the other Western European
Mogans "Down with the Fascist Rule ~t Of
Coolidge and Dawes
Labor work instead to advance the interests and
build the strength of the Communist Campaign. 1t must
rally with greater determination than in support Of the
Workers Party candidates. William Foster for president
and Benjamin GitIow, for vice president.
Morgans bonds tighten the chains of wage slavery more
the limbs 10. o. labor srsak those
wide Communist movement.
IKAn pEDI IEc capitalist aSo powers the west