The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-01-02
Money World Rejoices at
New Years Over Great
Prosperity 1t Is Enjoying
BY J. LOUIS ENcDAAL.

TODAY the year 1925 draws to close The kept press
overexets itself prove that the year has been prosper
for the workers. but for the bosses Bankers are
interviewed tell of the rainbow future OF the financial
world Railroad magnates stee barons combined with IN
dutra overods of every hue tell of past and future pros
perty" Only the little patch the map that covers the
anthracite fields Of Pennsylvania where the workers
strike looks gloomy the profteers There labor IS
fighting to maintain its wages and working conditions and
makes the coal barons feel blue during their har
ity on New Years Eve
OF course Just as soon as the get busy other
industries the bosses will Immediately plead poverty. The
railroad have had their best year. but the workers
have suffered their unions broken and
schemes foisted them Great profits in STEEL OIL auto
mobiles meat packing and elsewhere are accompanied with
threats of cuts to be forced upon unorganzed Bit
ery exploited workers. The whole subsidized press will
have plenty of arguments in the New Year. to show that
labor is getting plenty, that capital must have more
Figures already prepared tend show that the
ts favorable balance of trade for 1925 will reach $6oo00
sold that than bought during the
past year. That part of the rainbow The capitalist
nomsts carefully attempt to explain away the blue streak in
it. however They try to argue away that there is danger
that the indebtedness of other nations to American imperial
ism is increased by that amount It is pointed out, with
great PRIDE that the nations business has sold $s650ooooo
worth of goods South and Central America in 1925 That
is about $110o00000 than in 1924. Business claims
to in the fact that European countries
looking with jealousy upon this markets that they will sug
gle to win it. Business processes fear that Wall Streets
financial domination these countries will develop
future upngs among these peoples against dollar degrade
ton New Years day is time specially set apart to look at
the rosy side of the picture.
he usual albi provided by the kept economist is that
American tourists in foreign lands will scatter enough gold
wipe balance when is added to other in
cdenals of Wall Street rule abroad Thus George W. Hin
man, of the Hearst press asks aar0
thought o a more
than he bought money
the end Of the for his profit and peasure7"
The spectacle of the profit parasites of this country try
ing to squande the billion dollar trade surplus in rotous -
ing foreign Monte Carlos should surely open eyes
workers. Labor might steal these words of the
its class enemy and demand that the surplus be
wages and the purchasing Of the workers
home But that goes entirely contrary the eager profit
hunt of the capitalist system.
Neither does the trade surplus represent the entire flow
OF alien gold into this country 1t does take into
count the vast investments of American capital drawing
dividends in foreign lands of the mounting interest on in
creasng foreign loans and other huge accrung from
Wall Streets financial conquest of the world.
The fact is that New Years, 1926 procIams America
again the Midas OF the world Just Midas could not live
as everything he touched turned gold American CAPT.
tasm richest and powerful face of the globe
will succunb to the contradictions within capitalist sys
tenn itself The proud Boosting of the American dollar world
at this New Years should spur workers hoe in
alliance with the oppressed peoples abroad prepare for
greater struggles against it.