The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-03-24
MussoIini's $1OO,OOO,OOO
Bond Issue Not Selling
Very We'll in the US. A.
BY J. LOUIS ENcDAHL.

CLOUDS are beginning to gather in the for the
~ "Napoeonic Year. that usher in brilliant glores
the House Of Morgan reports that the gbe public has not
yet gobbed up the $oo0ooooo loan that put the
market last November. Without money 1t is impossible to
carry especially of aggression, in which it is
difficult to develop enthusiasm among the workers.
Mussoinis fascist rule has money of its own. This
shown by the steadily falling lire which would have gone
the way of the German mark it had not been for the timely
bosteng aid of $5oO000o credits to act gold reserve
Americas nancers have accepted Mussop protege.
His terror rule the Italian workers and farmers must be
Midas could not digest the treasured metal But the fascist
dictatorship can. 1t cries for it.
-
should be remembered that the Wall Street financiers
do not hand their gold over to Mussons government
Not ALL That would be very foolish. If the worker and
peasant of Italy should kick Musson and his outfit
into the Aatc and repudate the fascist debts that would
be bad But bad for the bankers For they merely
Musson what they collect thru of the
fascist bonds the innocent American investing public To
be the bankers take handsome discount in payment
for their abos which consists Of watching their
clerks the money as it comes in the
But the innocent investing public is backward about
venber 1t remains unsoId An extension Of 60 days has
just been announced What to be done the end of the
doesn't look so good for the "NapoIeonc Year"
The floating the s1oooooOoo italian loan was little
affair The job in the hands of nationwide syndicate
headed auspicousy by Morgan Co. was the biggest
piece of international financing attempted last year.
The House of Morgan supported by the largest bank
ing and investment in the country Included among
them the First National Bank the National City Bank
the Guaranty Company the Bankers Trust Company Forbes
Co., Lee, Higginson Co.. Kidder, Peabody Co.. and
Brown Brothers Co. It is we'll for the workers
Der the of these great financial institutions. Some
one of them will be found giving financial aid to the drive
for the open shop in the next great an-unon campaign
in industry that boasts of its high profits and then
nounces wage cut against its workers. Mussolin has de-
stroyed all sembance of trade union organization in Italy
This has the hearty applause of these International
money lenders So they Joined in oVersubscrbng the oan
Each of them took big chunks of and divided the bonds
among their dealers for sale to he public But the public
didn't buy. large part of that loan still remains unsod
The trial of Matteot's murderers has revealed how
Musson himself personally encourages assassination
method of maintaining ascsm in power. It has barred the
tghtrope walking of terror that lives hectic
eer from day to day.
American investors who put their money into Mussonis
Italy today cannot complain If the workers. when they
to power the obligation and refuse pay That
what the Russian workers and peasants did, Others will fol-
low this excellent example. Mussonis "Napoeonc Year.
may yet be the year of his Waterloo.