The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-12-22
Can't Stop the Fall Of
the Franc in France Thru
Pawning French Industry
BY J. LOUIS ENoDAHL.

TODAY the franc statesmen in Paris are considering
another plan for saving French currency The PROPOSE
ton looks like mortgage French industry The French
capitalists who this latest panacea, evil
IDENTIFY willing impose this Dawes plan upon themselves
in order their precious profits before Morgan and
other international bankers in Wall Street. do for them
The suggestion first came from the textile barons Of
northern France 1t is proposed pawn the assets of
French industry for loan Of $4ooooooOo to satisfy the
apacous needs of the nations internal debt that barks
ceaseessly like devourng wolf at the door OF frances
treasury 1t declared the metal and pottery interests join
in support OF the PLAN 8iaF
When the French capitalists talk of pawnng the assets
Of French industry they that they are merely pawn
ing their ability power to exploit the French working
class Without the workers securely harnessed the cap
taIst industrial machine, the so-called mortgage wouldn't
be worth the paper it is written
1t only the increasing amount of wealth stolen from
German labor that satisfies the demands OF the Dawes PLAN
French capitalists attempting to aid their govern
aid increasing the exploitation Of the French workers.
thru cutting wages worsening labor conditions, increasing
the length of the workday and increasing the cost of living
necessities. They will ask and receive "favors."
This btterer life imposed upon the whole
French working class worse even than in Germany because
French imperialism has wars to pay for in Africa and the
Near East.
During these past few days there has been regular
tta of propaganda sweeping thru the profit press
naratng great success Of the Dawes plan Germany
Morgans Gilbert Parker, talks like press agent for
the combined Barnum and Bailey and Ringing Bros cir
According to his story the sunrise of capitalist pros
periy daWns over Germany No republican or democratic
campaign orator could do better.
But the facts against Morgans agent. During
last half of November the number of unemployed in Ger
many increased than SO per cent Nearly 100000
employed receiving state aid Dec. 1st with the
likelihood that the figures would soon reach the million
mark. The Dawes-Morgan plan turned Germany into
nation of coolies but found additional markets
industry Germany will not be able the increas
ing separations demands.
Capitalism may put heavier chains upon the limbs of
French labor cheapenng and increasing production
is also faced with the problem of finding
goods.
Thus Germany and France again at each others
Threats in spite of all the beautiful language Locarno
pacts The smoulderng conflict between the and the
franc still smokes with its threat of breaking forth at any
moment into the raging fires of war.
Germany proposes martial law and dictatorship to
meet its Industrial crisis That only confession that the
nation faces civil France drifts toward the brink of
the same chasm There is power the House
OF Morgan that stay the downfall of the mar-franc
system on both sides of the Rhine.