The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-10-06
Coolidge-Mellon War
Debt Settling Plans Will
Aid Only Capitalists
BY J. LOUIS ENoDAHL.

TODAY Joseph caiaux, French finance minister, his
way back to Paris to report his debt negotiations at
Washington with the American secretary Of the treasury
ANDY" Mellon 1.-THE third richest in the United States
The results of these negotiations may be summarized
from information at hand, as follows:
First since Calaux did not what he wanted the
French of dsgunted They wanted easy TERMS
feeling that the rich American uncle should willingly grant
them France needs money for useful purposes bene
fit the French people, but to carry her wars in Morocco
of Hamilton Lewis, former United States senator
from illinois, and very close to the top in the Wilson
she wants to share in the oan to be foated
here in behalf of Italy and France"
Second the Wall Street bankers like the French states
all enthused by the Of debt par
ley. Mellon is Pittsburgh and not New York banker
The international bankers would be happy the govern
ment at Washington would forgive the begga nations Of
Europe their debts That would make these nations more
shyocks whose Golfers bullying with wealth
labor Atho Mellon declares the result of the debt talks
will not add to the borrowing Of the French nation
nevertheless France was doing pretty well in getting loans
before caiaux came to Washington This it WILL doubt
continue to do "in the name of civilization"
Third, Mellon had but in pressing for SETTLE
ment the French war debt Of $4,000 on the best
terms possible War loans repaid reduction in
taxes American industry the of coodgeM
economy This policy of tightening the burden of
ton business has been of the pet schemes of the
AndycaI" regime since into power. 1t scores in
Fourth but the interests of the workers of
either United States receive any consideration
Easy terms to France complete cancellation would not
help the French workers and poor farmers. would merely
strengthen French capitalism the enemy of the workers and
farmers. French capitalism viii seek this strength thru
new loans secured from Wall Street. added burden upon
the backs of the proeaat of France American workers
and poor farmers the nations producers gain nothing by
the MelonCooidge policy Tax reductions, resulting in
greater profits for business accomplished by Wagecu
drives against the already low standard Of living work.
ers The antabor attack vicious in textile in
dustry OF Cooidges New England directed
by the textile millionaire Butler who was Gals campaign
manager This attack being pushed vigorously by the
great coal and steel corporations in the Pittsburgh district
in which the Mellon interests have controlling Influence
The CoodgeMeIon debt settling policies are 100 per
cent for the capitalists
American workers cannot suffer thru reputation by the
French working class of all the debts owing by France to
both the United States government and Wall Streets in
ternatona banking clique. But such reputation will only
come by decree of French Soviet republic. All American
workers and poor farmers should join heartily declaring
Let GOMEZ For the victory of the French working class
must weaken American capitalism and bring American Sow
let rule
Let American labor take notice in the hour of the
debt haggng between the beggar diplomats of capitalist
France and the bandit statesmen the United States the
Union of Soviet Republics growing in its own right
every passing hour placing another 81
worth OF wrought iron pipe with the Reading company
subsidiary of the Philadelphia and Reading Coal and Iron
corporation This being followed by still other orders of
greater proportions Workers of America march forward
with your comrades under the banner of Soviet rule
fAHEI0ElEnGA IIkN Take this conv of tbe n ATS