The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-06-18
CONTINUED from page u

Imperialist Week" a mighty demon
stration of international solidarity
against American Imperialism. N
Especially to us-exploited work
ers of the United States, is the call
directed. Let us respond as one
man, in the name Of the common
exploitation that weighs us down.
"The week ending July 4, is Anti
Imperialist Week."
Hard Lot Of the American Workers.
A S our great national holiday" the
L Fourth Of July, approaches, we
have less and less reason to make It
an occasion for clarifying American
capitalist rule, in accordance with the
proclamation of President Coolidge.
The conditions of the working class
are far from what might be expected
from the fact that in the vaults of
American bankers lies more than half
of the gold in the world.
insufficient wages and long hours
of toll are the rule in every field; all
pretense at maintaining an eight
hour work day has been laid aside.
But that is not the worst. Unem-
ployment has again laid its dread
hand on the industries of the United
States. More than 100000 workers
are walking the streets in a vain
search Of a job which will pay them
enough to buy food and shelter for
their families. Moreover, the unem-
ployment roll is swelling. Men who
are working today live in constant
fear that they will be laid off to-
morrow.
This uncertainty is the mark of
wage-slavery. 1t is due to the fact
that tho the worker is the backbone
Of industry, the factory does not be-
long to him-even after he has given
the better part of his life to it. 1t
belongs to the capitalist, who PRO
vides work" only so long as 1t is pro-
fitable for him to do so.
What we are now witnessing is
permanent increase in the army of
unemployed.
Big Profits for the Trusts.
ITHE profits of the bosses are great
4 er than ever. At the beginning of
1925, 81 industrial corporations re-
ported undivided surplus profits of
$1,652,0 1881. Monopoly profits may
be realized because every important
industry in the land is dominated by
handful of individuals. There is the
oil trust, the steel trust, the copper
trust, the electric trust, the sugar
trust, the meat trust All that is left
Of competition on a large scale is the
competition of the workers for jobs.
When the workers. combine to inn
prove their conditions they are greet
end with police clubs. If they initiate
big strike, the militia may be called
out against them. Injunctions are is
sued. Meetings are broken up. Strike
leaders are arrested.
A business Mans Government"
EoR the government is on the side
of the bosses.
I This means that a handful Of mono
polists, who control American indus
try, also control the federal govern
ment. The policy of the government
is their policy. The power of the
government is theirs to utilize as they
see fit--now in West Virginia, against
the striking coal miners; now in far
off China, against the natives who re-
volt against foreign profit-interven-
ton.
It is they who are behind the
scheme for a general mobilization on
July 4. The real decision was reach
ed not in Washington, but in Wall
Street
Wall Street and Foreign Investments.
MOST powerful of all the trusts is
A'A the money trust, the narrow ring
Of bankers with J. p. Morgan at their
head, who control the flow Of capital
TO modern large-scale industry and
who make up the ruling oligarchy in
our country. II the profits OF ordi-
nary monopoly are large, those OF the
important bankers are truly fabulous.
Only a few days ago II was officially
announced that the First National
Bank of New York is on a dividend
basis of 25 per cent quarterly, which
means that the fortunate holders Of
bank stock are TO receive dividends
equal to 100 per cent on their capital
each year.
In fact, the capital OF the financial
kings is increasing 80 rapidly that
they can not find place In the United
States to reinvest all OF It.