davidaulloa/AmericanStories huggingface dataset:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29
Budget for Japanese
Navy Cut, Bringing a
Split in the Cabinet

TOXIC, Oct. 27.-That split in the
Japanese cabinet exists over war
preparations, is indicated by the
speech of the minister Of war at the
launching of a cruiser, attacking the
finance minister, who is backed by
the premier, for cutting the naval bud
get S6O,OOO,OOO below the amount
asked by the war ministry.
Even at this, the navy gets
s290,OOO.OOO from this years budget
to expend on a fve-year building pro-
gram. The whole budget amounts to
,$1,999, 100000. The liberal press OBJ
iects to the amount given the navy,
even with the reduction, saying that
the government is injuring the
schools by taking, so much from the
budget for the navy
The war minister declared that
"Germany's defeat was due to an eco
monte blockade" and declared
Japans trade was menaced by weak
ening the nations fighting equipment.
He also stated that aircraft are
useless unless protected by warships
PLANES are unable to take off into
action unless they are carried by war
ships within 100 miles Of the Shore
He said that America could not ap-
proach Japan with airships not por.
tected in this manner. Therefore,
they must be met by Japanese war.
ships.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29
MEXICO HAS NOT
INT ERFERED IN
NICARAGUA FIGHT
Chamorro Resigns, Puts
in Reactionary

The Mexican government has taken
no steps to interfere with the situa.
tion in Nicaragua, it was stated at the
Chicago Mexican consulate Tuesday.
in reply to charges of the United
States department of state that the
government was giving aid to the
revolutionists.
Vice-Consul Amador here declared
that his Office was in receipt of a bull
letin declaring the Mexican govern.
ment had nothing to do with the Mic
araguan affair.
Kellogg Threatens.
Secretary of State Kellogg, accord.
ing to press dispatches, had sent a
note to the American minister at Qua.
temala, asking him to inform Senior
Sacasa, liberal leader, that the Uni.
ted States will not stand for him to
accept aid from Mexico in his rebel.
lion"
The Washington government, he
was informed, is determined to pre-.
vent any outside interference IN Cen.
traT American affairs.
CCoRINTO, Nicaragua, Oct. q. -
President Chamorro is scheduled to
resign the presidency this week, and
will appoint Adolfo Diaz chief execu.
tive. His last acts are to prepare
military plans in a last attempt to
wipe out the liberals.
The constitutional convention is to
be held soon, after which the presiden-
tial election will be held.
At the peace conference between
the liberals and the Chamorroites the
liberals walked out, demanding that
Sacasa be appointed president. There
is no sign Of the liberals weakening
in their opposition to the administra-
ton of Chamorro.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29
THE BANKERS, THE DEBT AND
THE TARIFF.


THE BANKERS, THE DEBT AND
'' THE TARIFF.
TIME manifesto of the bankers Of the
i world, headed by ]. P. Morgan,
Montagu Norman Of England and HAL
mar Schacht of Germany, calling for
the breaking down of the tariff walls
of all nations, is one of the most sig
nificant documents and events since
the ending of the world war, and
another step towards the liquidation
of the Versailles treaty.
The statement which has stirred up
such a hornets nest and which has
not, of course, any immediate pros
poets of adoption by the governments
of the world, is an attempt primarily
Of Anglo-Saxon, and chiefly American,
financiers to establish more widely
and certainly their hegemony over the
countries of Europe and to secure the
payment of the debts which, with the
impending collapse of the Dawes plan,
is becoming more and more remote.
TNHE proposals of the manifesto. if
4 adopted, would have far greater
results than are hoped for by the
American bankers who signed them.
II carried to their logical conclusion,
these proposals would lead towards
strong basis for a United States of
Europe, having its beginning in Gus
toms union, which would be directed
not only against the colonial peoples
and the Soviet Union, but also against
the United States as a creditor nation.
They would lead inevitably towards
the lowering of American tariff walls,
which must result in throwing Ameri-
can industry into direct competition
with European industry, with the con-
comitant low wages, long hours, and
'super-efiiclency" system upon which
German industry, for example, is be-
ing rehabilitated for participation in
the world market. The revolutionary
implications of such a development
especially for the American working
class, are almost incalculable.
THE daring proposals made by the
l. international bankers are based on
critical situation which they are fac
Ing In Europe.
ITO consider Germany--since around
J. Germany now revolve the financial
ana political fortunes OF other Euro
pean powers. German industry has, in
the past couple of Dawes years, made
an almost phenomenal comeback, at
the expense OF terrific hardships which
the workers had to endure thru the
so-called, OF industry.
The rigid application OF economy In
production, intensincation of exploita-
ton, Fertilization OF industry, vertical.
horizontal and international trustlflca-
ton, have enabled Germany once more
to take her place among the other
great nations. Given a number OF IA
vorable conditions and circumstances,
she has even risen TO the position OF
being the first among steel exporting
nations in the first half of 1926, as
compared with her position OF seventh
In 1924. In 1924 she exported a total
of $4,000 tons; the first half Of 1925
she exported to the United States
alone $4,000 tons. Her balance Of
trade Cor the isst bali xsE Of l0as |
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29

paid, argues the Temps. unless freel
lccess is given to European goods into
he United States?
The New York Times, which faith
July reflects Wall Street opinion
says editorially:
There is a delightful as
sumption that we in this country
have a set of economic laws and
rules of trade purely our own.
We are quite ready to lay down a
set Of principles which ought to be
religiously followed by all foreign
nations, but when they ask US if we
mean to act on them ourselves we
blandly smile and say, We have
changed all that in America The
statements which our bankers
signed have to do with the very
questions of maintaining our COM
merce across the seas, and receiv-
ing payments on the war debts,
which are uppermost in all discus
sions of American policy and Amer
lean public finance TO say that
this country is exempt from the eco
nomic laws operative everywhere is
very much like saying that the law
Of gravitation does not function in
the U. s."
THE American tariff of September,
l. 1922, the victory Of heavy, produc-
ing-for the-home-market industry, and
the farmers over the banks and expect
capital. raised huge walls against
European imports. In 1921 there had
been an excess Of American exports
TO Europe over European exports to
America Of $1,000, 000,O 900, and the sit
uation was aggravated by an increase
Of from 10 to 40 per cent in customs
duties and the granting OF power to
the president to increase or decrease
customs duties. This made II impossi-
BILE for Europe to make a payment
every year of O billion dollars for in
terest on government debts and al
most two billion dollars for the excess
Of American exports and for the in
crest on private debts.
THE memories OF the German infia-
4 tion crisis. the occupation of the
Ruhr, followed by the Dawes plan, are
tin fresh. sr
The situation has changed quanti-
atively, but not In quality. The inter
ional fnanciers hope to save the sit.
uation by permitting unhampered and
extended export possibilities even into
The United States. The American in
cannot emulate the Eng.
land OF early 1915 which Engels de-
5oribes as having "supplanted the pro-
lection she practiced at home by the
free trade she forced upon her pos
sible customers abroad" There is "a
developing antagonism of interests be.
.ween the capital-exportlng bankers,
who want some way out of the blind
alley OF non-payment of European
lebts, and the home industrialists who
given the standard OF living
If American workers--compete sue.
lessfully with European industry. es
)eclally the highly trustined. nation.
lily and internationally, European in.
iustry. This was shown in the &C.
ion taken by Basil Miles, American
commissioner 10 the international
'hamber OF commerce, when IL en-.
lorsed and urged the extension Of III
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29

European international cartels.. Miles
received cablegram from Washing
ton, presumably inspired by the U. S.
chamber of commerce, instructing him
to reserve American opinion upon the
question until L. S. interests had fur
Their time for consideration"
IT was SHOWN again in the recent in
vestigation of German dumping"
Of steel rails to the Boston and Maine
R. R. at a price considerably lower
than the prevailing American price,
said to be about $32 a ton, or $40
under the American market price.
which, taking transportation costs and
duty into consideration, means about
80 per cent less than the German do
nestle price. American steel men as
serted that since they pay higher
wages than the Germans they cannot
possibly compete with so drastic
cut.
Officials at Washington acknowledge
that this manifesto will be an issue in
the election campaign. The probabil.
ity that the next congress will revise
the American tariff downward is not
to be excluded from an analysis OF
the question. Such a downward re.
vision of American customs duties
would have the following results:
!. A temporary squirt in Euro
pean Industry, with the probability
% HI
strengthened ability to pay the Euro
pean debts to Anglo-saxon bankers
and a heightened period Of stabili-
cation In Europe.
2. Entry Of American Industry into
more direct and sharper eompeti-
ton with European Industry, in
crease in the rate Of exploitation of
American labor intensified wage
slashina campaign, Ienathenlns Of
work day, anti-unon drive, with an
increase in tempo Of the radiealiza-
ton Of the American working class.
8. Intensiflcation of imperiallst
conflicts in the scramble for new
export markets and Increased resist
dHCG W Ghi0Pc " fNHhNiiNdU uNdn
eiaI pressure and attempts to broad
en- the American sphere Of heee-
mony In Europe; increased exploit
tation of small agricultural eoun-
tries by strong lndustrlalIzed Euro
pean powers.
II the next congress, and the coun.
tries of Europe, do not take steps 10.
wards the removal Of tariff barriers.
the results may be even more disas-
trous.
World Imperialism Is 10 that hope.
less quandary which comes when the
bourgeoisie attempts 10 solve q prob.
lem which can be solved only by It's
own overthrow How desperate is
their condition can be realized by the
self-destructlye measures they propose
for a way out for, as Marx said al
most eighty years ago in his address
TO the Democratic Association OF
Brussels
%. the free trade system works
destructively. Il breaks up old ma
tlonallties and carries antaeonism
Of proletarlat and bourgeolsie to the
uttermost point In a word, the free
trade system hastsns the social rev
olution."
MAX sHAcHTMAN.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29
CANTONESE SYMPATHIZERS STORM
SHANGHAI CONST AUXILIARY STATION

2-Day sympahzsrs In Shanghai are
organizing the city the
adherents
she coming advance Of the regular Canton
thousand Canton including
consbuary
after heroic fighting bravery
their facing the brutality the
foreign settlement the native city
merciess shooting The boundary
hre
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29

under 80 years are similarly deprived
in England.
"A survey of my findings leads to
the conclusion that progress is being
made. My colleagues and l in the
women's party are trying to speed it
up in the United States, as are our
friends elsewhere on the globe"
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29
WOMEN OF WORLD STILL NEED TO
FIGHT FOR RIGHTS, OLD TINERIN
SUFFRAGE WARS SAYS IN CHICAGO
(RY Eederated PreaaN

Women still have achieve opportunity
standing with Alice Park suffrage equa
tln OF Caon She stopped in Chicago the
the world She did not visit Russia where
Tor by social legislation than anywhere
the level Of her Japan China Philippines Burma and west
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29
Editor Injured.

DANVILLE, Ill, Oct 27.-Believed
to be injured internally, Thomas A.
Clifton. editor of the Covington Re
publican, Covington, Ind, issin hos
pital here as the result of a plunge
down the elevator shaft of the Repub-
hcan office. His right arm was
broken.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29
Vienna Pathologist
Says White Plague
Germ Is Inmunized

DANvILLE, Ill, Oct. 27.-Bringing
good news to battlers against tubeTcu-
losis, DR.. Ernest Lowenstein. noted
pathologist of Vienna, Austria, was
the outstanding speaker at the seven
teenth annual convention of the Illi-
nois tuberculosis and Public Health
Association here today.
He declared that the dreaded white
plague now was virtually immunized.
We will send sample copies Of The
DAILY WORKER to your friends
send US name and address.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29

In every country visited" Park
declares, 'the people who live there
report progress toward equal rights
for women and report also the great
need of immediate further progress.
In Japan the national organizations of
women working for suffrage, temper
ance, detention homes for girls and
elimination Of prostitution are Co
operating, using the same building in
Toxic for their national Headquarters.
On the other hand, many Japanese
women are still bound by the old GUS
toms Of seclusion."
The civil war in China prevented
her from getting into the interior.
''In Shanghai found woman man.
ager of a woman's bank She is doing
lot of feminist work." Park contin-
ued. "The Chinese wife outside of
the peasant class is still practically
housebound, too timid to go on the
street. When she knows that she will
find friendly person of her sex in
the bank it stimulates her to venture
forth.
FlIIpInos Can't Vote.
Filipino women represent all
stages Of feminist progress. On some
Of the islands they are still the beasts
of burden of the dark ages, but in
Manila and elsewhere there are
women college graduates, healthy, &C
tive and happy. Women cannot vote
in the Philippines, but the suffrage
cause is making considerable progress
with prominent men pledged to its
support.
Birma Good.
India is full Of beggaTs of both
sexes. The belief is widespread that
girls and women are no good except
for breeding purposes. Sex protection
for girls is advancing in many parts
of that country. Birma gives its
women more freedom than any other
oriental country.
II found women gamblers in Monte
Carlo. There are a few women on
the staff Of the league Of nations in
Geneva. All women are deprived of
the vote in France and all women
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-29

Get copy Of the American Worker
Correspondent. It's only 8 cents.
Evening star., 1926-10-26
WHEAT VALUES DROP
AS DEMAND SLACKENS
Early Rise on Stronger Liverpool
Market Is Offset by Falling
Off in Export Sales.
IN I'M As,oslAtrl rre--.

I,y Tn Associated Pres.
CHICAGO. october 2G.--Wheat val
qtcs declined today at the last, spec
uIative demand becoming slack. Pre-
yiously, with Liverpool quotations
much stronger than had been looked
for and ocean freight rates adNanc-
sny, the wheat market here averaged
higher. The fact. however. that eN'
7ort demand for North American
wheat was again slow acted ds some
shjng OF an offset. despite talk OF con
sinued European need I'll liberal snip
snents for several months yet.
Wheat closed unsettled. lSc 70 &c
net lower. corn unchanged to 14c or
oats unchanged Ia &C mp and proEl-
.tuus varying from 22c decline TO u
rise of @Oc,
Word Of decreasing stocks OF wheat
m Great Britain received consider
hle attention today among wheat
raiders here AdviceS also were noted
Yelling Of renewed urgency OF demand
tor available ocean freight vessels.
frts, weeks arrivals Of wheat ana hour
tr Ereat Britain were announced as
,,,,iv 2 5Io 00o bushels. against A.
400 1n0 bushels the week before.
Uncertainty regarding the ArEeh-
y;ra nrospectiVe Yield of wheat TINS
snason is being stressed in some Hu tf-
vers On the other hand, AhStrail@
xtiii nrorniSes good rate of produc-
,,o,, and Canadian country market
inss of wheat give no sign OF any Dig
failing OF in volume ,,,,,
I.-h
Evening star., 1926-10-26
FLOATING BELGIAN
BONDS IS FEATURE
Favorable Response Sur
priSes Street-StimuIateS
Other Obligations of Land.
By GEORGE 7. HUGHES.
ial Dispatch IN Tho Star


NEW YORK, October 26.-The fea
ture Of today's bond market was the
heavy oversubscription of the new
Belgian stabilization loan.
The response was so favorable tha;
Wall Street was surprised. It hau
been expected that the bonds would
be we'll taken. but not that the demarj
would be so large as proved 20 be tho
case. The Offering price was % and
the bonds went to a premium as soon
as trading In them was begun on tho
exchange. Meanwhile an equal,y
strong market was reported in over.
the-cOunter transactions. The books
were opened at 10 o'clock and closed q
half hour later. but the exact amounr
of the overSubScription or the per
centage of allotments was not made
known.
The success Of the new Offering had
a stimulating effect on the scvens Of
1855, which had been under pressure
for three or four days past in eXpec.
tatiOn of the additional issue. Omen
quotations We're down - half point.
but this loss was quickly recovered
and for most of the session the Older
sevens were selling fractiOnally high
er than the new bonds, although tha
difference in maturity is nCeligihio
Other Belgian bonds were steady and
so was the general fore 'gn list. Ger
man General Electric Gigs were s.
pecially favored In the buying.
grade domestic investmeu'
bonds We're more active than on Mon.
69 n nd nv of CIV I,
Buying. however. was SeleCtive ard
confined to special issues. AmoQG
rails Kansas City and Terminal is
were in large demand up a half point
from the low of the preceding day
New England Telegraph 4 TelC
phone As were the leaders in the util
ity group and the new Westinghouse
5S among the industI1als. There was
also good buying of certain middle
grade rails, notably Missouri Pacilir
6S and generally of the per cen
coupon bonds selling just below pa.
The feature among speculative obliga
tionS was the persistent weakness il
New York State Railway 4laS an
612s. The 6l2s, selling at co. were
down 712 points in the week, and til"
413s at 491a were down over I points
Third Avenue adjustments. up at one
time a point, We're conspicuous among
local fractions.
Most of the recent favorites in the
junior railroad list were higher. TIL"
leaders were Denver and Rio Grand g
Western 5s, Seaboard Air Line ad
justments and to a less extent tn"
other Seaboard bonds. ChiCaGo ana
Great Western IS, Western Maryland
As and Missouri Pacific general 4S
Activity in these was greater than Ia
some time.
Evening star., 1926-10-26
CHICAGO LIVE STOCK MARKET

CHICAGO, October &c United State
Department of Agricultural. - Hogs
Receipts, $1,000 head; slow; big pack
ers inactive: early sales general
steady to 10 cents lower; lightei
weight showing loss; top, 1915; bulk
20 to ESQ pound averages, 13.40al3.65.
most 100 to 200 pound, 13.15a13.55.
packing sows and slaughter pigs fullJ
steady; numerous sales of light pigs.
II 00a12 30; few strong weight, l2.l1
and above; bulk packing sOws. 1o.79d
Ills; light weight. 1900 and better;
heavy weight hogs. 12.40a13.75; me
dunn, 13.25a1375; light, 12.75a13.6O.
light light, 11.50a13.35; packing sows.
1O.25a1225; slaughter pigs. 11.25al3.0o.
Cattle-Receipts, II 900 head better
grade yearlings and medium weight
fed steers about steady: trade on pre-
dominant supply Of in between grade
heayies slow; weak TO 25 lower; stock
ers and feeders steady; early top year
lings, 12.4O; bullock scaling around
1850 pounds, 11.25; she stock steady
70 weak spots 10 to Is lower; bulls
strong; Vealers mostly steady to pack
ers, 20 to so higher to outsiders; lat
ter upward to 1880.
Sheep - Receipts. 1000 head; fat
lambs steady to strong; no rat rangers
sold; choice natives and fed westerns
to shippers, 1885; best natives held
above 400; early packer top. 1915;
bulk fat lambs, 13.25a13.60: Culls un-
changed at 800a9.00; sheep steady:
bulk fat ewes, 5.50a6.50: feeding lambs
strong to 10 higher; choice light weight
feeders early, 400; bulk, l3.00al3.50.
Evening star., 1926-10-26
NEW YORK PRODUCE.

NEW YORK, October &c tSpeciaD.-
Fresh receipts of State apples We're
lighter today. Western New York
grade A, 212 inch Rhode Island green
ings wholesaled at 2 .50a3.00 per barrel.
Baldwins of the same grade and size
from the Hudson Valley, jobbed out
from 2.50a3.50.
The limited arrivals Of celery in the
rough met a more ready sale. Two
third crates of the very best stool
changed hands at 2.12a2.50 and fair
to ordinary, 1.50a2 90.
A trifie better feeling prevailed for
State Concord grapes. offerings from
central and western New York ped
died out at 42t2a5212 per u quar-
baskets. Hudson Valley shipments
realized from 50a60.
Supplies of cabbage from the
central and westrau part Of the stat"
were moderate. Bulk white Danish
sold at the rate of 20.00a23.00 per to-,
and domestic stock from 16.O0a1S.J0.
Trading for white potatoes was
rather light Track jobbing business
on upstate bulk round whites was
transacted from 4.75a5.25 per $50
pound bag. Maine Green Mountain
brought $50, occasionally 80.
Evening star., 1926-10-26
PLAN STORAGE FACILITIES.

NEW YORK, October 26 R.-A
group OF bankers, business men and
railroad officials are completing plans
to give Philadelphia enlarged cold
storage facilities, the financing for
which will be handled by a syndicate
headed by Spencer Trask & Co. Erec-
ton of a modern reinforced concrete
cold storage warehouse is planned by
the Consolidated Cold Storage Co.,
which will lease part Of the new ware
house being built Jointly by the Balti.
more and Ohio and the Reading Co.
Evening star., 1926-10-26
POTATO MARKET FIRM.

CHICAGO. October % CPl.-Pota-
,es-ReceiptS, l53 cars: on track. 6oS;
total United states shipments. 1903;
trading. fair; market firm: Wisconsin
sacked round whites. .45a2.6 90; bulk.
135a255: Minnesota sacked round
White. 2.40a2 So. Minnesota. North Da-
l,.,;o Red River Ohlos. 2..5a3 10: Idaho
lacked ruriIls 2.95a3.15; Colorado
lacked red McCiures, 300a3 Is; Michi.
gan sacked RuralS. 2.40ae.60A
Evening star., 1926-10-26
EUREKA VACUUM CLEANER.

NEW YORK. october 26 CP).-
Iroflt of Eureka Vacuum Cleaner foI
rhe nine months of 1926 rose To 81,
1Oi,940 from SSl2.9s6 a year ago.
Evening star., 1926-10-26
Washington Stock EXCHANGE

SALES.
Capital Traction 5s--S5OO at 1Oli.
Capital Traction Co-I0 at 1O4i&
American Security & Trust Co.--7 at $40.
Merchants Bank & Trust Cos at
150ls.
AFTER CALL.
Potomac Electric cons. 5s-S1 900 at
101 /,
Ianston Monotype--5 at 911s.
Chesapeake & Telephone 5s-S1 900 at
100k
Cancellation-The sale yesterday OF Wash
ington Gas Light. 90 at 70i4. was made in
error.
The exchange adjourned out Of respect TO
the memory of s. n. Whitwen. who died
Yesterday
Noney-Call loans ; and oer cont
Evening star., 1926-10-26
WILL PAY EXTRA.

NEW YORK, October % R).-,
OHIO Oil declared an extra dividend
- 50 cents and the regular quarterly
OF the same amount. both payable De
cAmher Is TO stock Of record NoVem-
ber y.
Evening star., 1926-10-26
PERI MARQUETTE EARNINGS

&l.W YORK. October 26 GP,.-The
Pere Marquette Railway earned Slo.4 :
= eb.rn on tht. common stock in the
,,i,,e months this year on surplus Of
3; so4. .A9S. against $500 a share and
Surplus OF $403S,e76 in the same
period of 1925.