The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-24
MOrgan's ManifestO-A Danger Signal for the
American WOrkingcLaSs

Something very like panic in Of the
industrial capitalists of America sitting snugy behind high tariff
WALL with the that j. P Morgan and Other powerful
finance capitalists have endorsed plan designed to wipe out hs
tariff frontiers western central Europe and establish
trade system to release the coggd arteries Of continental produc
tipn and exchange
Even Coolidge the smugy suservient ofceboy Of wan Street,
has been Jared out Of his customary and constitutional dubness
tariff
It may seem fantastic to many that the very same capitalists
who own control republican party party high tariff
free policy Europe which Is bound
have important repecusons In this country But the billions
Of dollars In interest and principal which the European govern
ents capitalists to the American bankers be paid only
European commodities be Spld In the world markets and
very profitable section the world market In the United
The conflict In interest between industrial and finance capital
shown extremely well by the editorial the bank
er free trade document made by sheets which speak for the two
groups
The Ne,O York Times organ big finance
cagorcay that its principles apply only
to Europe but America
Says the Tines
If the statements 10 wAtcA sAsy sss tAsr names oro
tu theyGre good tor s country they for Europe
We ao0 foreigners to haze monopoly Of sound
Onc doctrine The fact that s0hen bonb assert that
permit imports erpect to hGVe erpo they
altering for ohioA Trey proteoOntss
and American authority.
the Chicago Tribune organ the big ndusiass Of the
middle becomes almost Historically abusive
In opinion the document is TroOn horse. II sO~Id
commit assumptions do not 0cccpt to tho OsoE
jWstce Of the policy and tho a
tempt IL folly sap
pose that zoe osn gOs lecture Ewopeom on tAe
they asog their cioUstnnces tckIe
moimtotn essentGl ,Oeltore system N
prlncpe II logic Of aeGNeo
on threshold, THE SIGNATURES OF Mr.. MORGAN
AND THE OTHER AMERICANS ARE AN LNPERTTNBNCE.
Emphasis
The battle for the world markets Is In earnest with the recent
organization Of huge industrial like that the FEancoGe
Luxembourg steel bloc and similar gigantic combna
tons In chemicals mining, and electrical manufacture
European industry have markets. the underpad labor
Europe be allowed compete with American labor the
billions owed to the bankers cannot be paid This contradiction
system capitalism finds expression here In America
There Of struggle opening between ndustra and
nnancs How hh conflict viii be depends to large extent
upon the which has attended TO efforts Of the finance
italsts TO bring industry completely under their control
Tariff tariff the American working class know now
the future whether bankers industrial lords hold
the rens Of government that systematic assault their wages
and working conditions win be made all along the line
The American working class faces struggles.
manifesto Of the bankers for
working class warning that must organize the
unorganized amagamate and strengthen its trade unions link
wage struggles with the broad class struggle and direct
against the instrument of the capitalist class the capitalist
state thru party Of its labor party