The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-11-27
BY HARRISON GEORGE.

EUNBoAT diplomacy, sometimes going under the
more pacific alias Of dollar diplomacy" is go
ing ahead under full steam in Central America. The
object is complete control of Nicaragua This fol-
lows up Wall Street imperalisrn's forcefuI DONNA
ton to Porto Rico and Haiti its extension OF actual
control Of Cuba and Venezuela, and is but one more
step In making the Caribbean an American lake.
To understand the situation we must first see
what interest has brought the present situation
with the Coolidge government proceeding with brass
face to thrust its armed forces against the majority
of the Nicaraguan people, using the bugaboo of
Mexican Bolshevism" to convince the Yankee bour-
Eeoisie as whole that an enemy of power and malev-
olence justifies the energetic action taken by the
o. s. navy against the weak and small republic lying
Just north of the Republic of Panama through which
o. s. imperialism constructed its famous canal also
by act of violence.
Desire to Grab All.
EtRUIT companies, mining, railway and banking in
terests make up the major part of Yankee CAPT
tai interested in Nicaragua. But there are other
larger imperialist interests, such as Washngton's
desire to control all territory anywhere near the
Panama canal and to dominate Nicaragua directly
with view to building another canal through Mica
ragua, joining the Atlantic and Pacific oceans by an
other big ditch from the east coast to Lake Mica
ragua and another through the shorter land area
from the lake to the Pacific United States also has
q naval base in the Bay of Fonseca on the north
west coast of Nicaragua.
The United Fruit company had in 1912 an invest
ment interest of s8,253226, including interest in
some ZIG miles of railway, and undoubtedly has
greatly extended this investment as have other
companies cited in Robert w. Dunn's book on Amer
lean Foreign Investments
Controlled by Wall Street
TNIIE National Bank of Nicaragua up to 1924 was
openly controlled by Brown Brothers and com
pany and w. Segman and company of New York
formally in that year bought back by the
Nicaraguan government under the rule of the die
tator and u s. lackey, Emiliano Chamorro but
three Americans still remain in the directorate and
Wall Street unquestionably rules Nicaraguan
fanance.
Over 70 per cent of the foreign trade of Nicaragua
Is conducted with the United States, and a host of
corporations have concessions in the fruit mining,
humber, public utilities, sugar. power and other
dustries while the smell of petroleum has given
q flock of oil Vultures concessions for development
OF this basic cause for imperiast aggression. The
National Railway of Nicaragua is formally owned
by the government, but is managed by j. G. White
and company of New York The list of lesser in
terests is quite lengthy.
WITH each concession ana Eoan II must be re-
:" membered, Wall Street insists on such guar
antees having control Of the government fnan-
eial machinery the right to share in the government
directing body, to examine customs receipts and
generally to boss things through host of agents
and "advisors"
The present revolution came about as follows:
Some years ago an election was held under which
a so-called progressive alliance" was placed in
power, with Carlo Solorzano, a Conservative, as
president and Juan Bautista Sacasa, a Liberal, as
vice-Dresident. Solcrzano, however, was merely
hgurehead for the active tool of u s. Imperialism,
enc Emiliano Chamorro, who in 1923 and with the