The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-09-24

suited in HEAVY BUYING OF
MEXICAN BONDS, several issues
advancing from 2 to points. 1t
was apparently felt THAT
AMERICAN PROPERTY RIGHTS
WILL BE MORE FULLY SAFE
GUARDED WITH Mr.. MORROW
AS AMBASSADOR.
The New York World, Sept. 81.
THE house of Morgan, in which the
L recently appointed Mexican am
bassador has been a partner since
1914, holds approximately $5O0,0O0,OOO
worth of Mexican bonds. Thomas
Lamont, another Morgan partner, is
cha imam of the bankers committee
which took over the Mexican obliga-
tions with lien on the Mexican rail-
ways and other national enterprises.
1t therefore is not remarkable that
the appointment twas no great sur
prise to Wall Street" or that it "re-
suited in heavy buying of Mexican
bonds on the New York Stock Ex-
change"
IT is highly probable that those who
knew of the coming appointment,
now known to have been agreed upon
at the conference in Rapid City be-
tween Morrow and Coolidge, turned
their knowledge into many honest
pennies by ridiculous stock purchases.
But this is minor detail in connec-
ton with a political act which identi-
fies American government so openly
with the house of Morgan that all
official denial and explanation are
useless to disguise it.
Rumors are that the Mexican ap-
pointment is only a stepping stone
from which Morrow will leap into the
state department and become its
head, displacing the inept Kellogg.
However this may be, the fact remains
that this latest acknowledgement of
fealty to the house of Morgan will
have far reaching consequences both
in international politics and domestic
/ affairs.
THE New York Times, the leading
democrat organ of Wall Street,
heartily approves of the appointment,
but in what is undoubtedly one of the
weirdest editorials appearing in. this
usually complacent sheet, predicts a
tremendous wave of popular protest.
The Times, altho applauding the
presidents courage in picking a part
ner Of the house of Morgan for what
he regards as the most important
diplomatic post next to that of am
bassador to Great Britain, calling
upon close friend and trusted coun-
selor," is worried as to the outcome.
1t says:
'The very audacity of this de-
fiance of the large body of Ameri-
can minute men ready to raise a
tremendous cutlery about Big Bust
ness may for a time deprive them
of breath. But they will I'M
doubtedly quickly recover it and the
Oregon will soon hear many sounds
besides its own dashing, while the
long howl about the Coolidge ad-
ministration having at last I'M
masked itself and appeared as the
willing tool of the Money Power
will reverberate from state to
state"
LOOKING at it from different
angle than does The Times, from
the viewpoint of the workers and far
mers of the United States, we believe
that our readers will agree that Cool
idge showed neither courage nor "au-
dacity" in bowling to the will of the
lords of finance who hold a $780,
100000 mortgage on Mexico.
A well known monograph company
has popularized the picture of dog
listening with pleasure to Ellis Mas
ter's Voice." but no one has ever
thought of writing a eulogy of the
courage of the canine so depicted.
/ HAD Coolidge defied the wishes of
"a the house of Morgan by the ap-
pointment of someone in outright
opposition to its imperialist policy,
there would have been some reason to
credit him with courage. But the
appointment of Morrow merely con-
firms our previous estimates of the
! Coolidge character, that his "cour-
age" is simply the class consciousness
of the ruling class of the United
States, that in defying what is called
public opinion" he does so with the
firm belief that the power of Wall
Street is strong enough to have it's
way no matter what voices may dis
sent.
THE appointment of Morrow un-
doubtedly presages important de-
velopments in line with the program
American Imperialism has mapped
out for itself--both in Latin America,
the Far East and Europe.
Morrow, as the acknowledged
spokesman of the class whose instru-
ment American government is, will
direct the policies of the state de-
partment whether he be merely
Mexican ambassador or secretary of
| State.
AMERICAN Imperialism is disap-