The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-06-05
TROTzKY is NOT
TOO HOPEFUL OF
BRITAIN'S LOAN
Tells RaiIwaymen Not
to Despair
(Rosta News Agency

q speech to the All-Russian Railway
Mems Congress at Moscow, Leon
Trotzky, Peoples Commissary Of War,
pointed out that the most acute issue
Of Russia's international situation at
the present time was the Russo-British
conference. The outcome is most UNI
certain, rejecting the generally unset
tied policy in Europe as whole.
Referring to the loan which the
Union of Soviet Republics wishes to
obtain, Trotzky states that it would
be profitable not only to the Union,
but to all Europe, including England
herself. The latter needs a market for
her merchandise, and the Soviet Re-
publics afford huge outlet, larger
than all the British colonies.
Helps Defeat Poineare's Policy.
Then, if Russia obtained credits,
close economic cooperation could be
established between the workers and
peasants of the Soviet Union, on the
one hand, and British Labor on the
other. This would spell economic
progress for all Europe and would de-
stroy the militarism Of Mr.. Poincare,
who is now trying to strangle Europe.
Financial conditions in America and
England would make it possible for
both to lend money to other countries.
America does not wish to grant cred
its either to Germany or Soviet Rus
STA, because she says no country in
Europe but England pays debts,
America does not admit that she lent
her money not for constructive, but
for purely destructive purposes, that
she enriched herself at Europe's cause,
and that under such conditions the
non-payment Of war debts is rather
natural
U. S. Fattened On War Profits.
If American money had been lent
for reconstruction purposes, Europe
would have been able to pay and
would pay. So, too, would Russia, for
reconstruction loans would have en-
abled the Soviet Republics to restore
the railway network, stabilize the gold
currency, raise wages and develop in
dustry and agriculture. If Russia OBJ
tanned adequate credits, she could
within to years become able to
meet all her obligations.
England does not wish to give loans
to Soviet Russia, saying that Russia
won't pay her debts. The Soviet Re
pubIics say they will pay to the world
bourgeoisie so long this bourgeosie
exists and the Soviet Republics must
needs deal with it and be concerned
to have its trust. Thus the best eco
nomic guarantee that the Union would
nav her debts is the element of In
terestedness, while the best political
guarantee is that the Soviet Govern
ment is the strongest in the world
q fact which no enemy Of the Soviet
denies.
soviets Will Go Ahead Anyway
1--WE should not" declares Mr.. Trotz-
XIV. "be too optimistic as to the pros
pects Of the Russo-British parley-
Even if no loan is granted it, the Union
will develop its resources, tho more
slowly; it will accomplish in some ten
years or so a work that otherwise
could be done in three OF four years.
Referring to the military situation,
the Peoples War Commissary warns
his hearers that the present conditions
in Europe make it necessary to pay
due attention to the armed forces OF
the country as we'll as to the work OF
its economic recovery. There are
mite as many men under arms in Eu-
rope today as there were on the eve
of the war Of 1914.
Red Army Of Peace.
The Red Army, which is tool of
peace, must be on the watch. Tho
weaker than many other countries
technically-at an epoch when tech
nique plays so large part--we must
mot forget, says Mr.. Trotzky, that the
Soviet Republics can better than any
other country rely on the live force
of their armies; they need have no
doubts as to the spirit in which the
Red workers and peasants battalions
will march against an imperialistic on.
slaught. 1t is, in fact, this confidence
and firm belief in the spirit of the Red
troops-states the War Commissary-
that has made possible to gradually
pass from a system of ordinary bar
rack and field army to that Of militia
and territorial diversions. This transit
ton is in itself most conclusive proof
Of Soviet Russia's peaceful aims.