The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-01-06
Fight the Exploiters at
Home By Aiding Fight
of Nicaraguan People
BY j. LOUIS ENODAHL.

, Mahogany Co. (thru its subsidiary,
the Nicaragua Mahogany Co.. |. T.
Williams & Sons, Wawa CONNER
cial Co., Friedlander Commission
Co., H. F. Springer, A. Fagot G Co.,
Central American Sawmills, Con-
stancia Gold Mines, Nicaragua Min
ing Co., and Mengel & Co. AS a re-
suit over 20 per cent of the foreign
trade of the country is conducted
with the United States.
Some Of these names may sound
native to Central America. But that
is no doubt camou1age to offset To-
cal prejudice. 1t would be interest
ing for American workers, victims
in this country of mining companies
operating in Central America, to
tell OF conditions under which they
are forced to toll in the Uuited
States. The metal mining industry
at home is nearly 100 per cent I'M
organized. No more vicious attack
against labor has been made in this
country than that launched by
metal mine owners against the
metal mine workers. 1t is the same
breed that invades Nicaragua and
calls on the United States govern
ment ito protect its property"
American labor can develop it's
fights against the exploiters at home
by declaring their solidarity with
the oppressed people of Nicaragua
and the other Central and South
American countries.
Nicaragua, tho a small country,
is typical victim of American in
vestments abroad that totalled near
ly two billions of dollars 81, 906, 705,-
101) during the year just closed.
These are the figures compiled for
1925 by DR.. Max Winkler, vice pres
ident of Moody's Investors Service,
who declares that "the export of
American capital during the coming
year 1927) is not likely to be in
terrupted." DR.. Winkler continues:
ut would seem that the American
dollar is becoming the mainstay of
world finance, public and private.
Our total investments abroad ag-
gregate at the end of 1926 the i'm
pressive total of more than $13,000,-
100000, clearly rejecting the steady
expansion of American finance and
industry into every section Of the
civilized world"
1t was on July /, 1925, that the
New York Times carried the head
line, "See Loans Abroad IL Billions
by 1926" But the actual figures
have surpassed that mark by one
billion dollars.
The significant fact revealed by
the figures is that the greater part
of these foreign investments have
gone into Latin-Anierica, that is
now flaring into open rebellion
against the tyranny imposed by the
United States in protection of these
investments. Foreign investments
at the end of 1926 were distributed
as follows:
1925 1925 1918
ss,si5,ooo,ooo ss,o27 100000 s7so,ooo, 900
Europe
s,ss7, 100000 s,o25, ZOO, 900 $50, 900, 900
4,si4,ooo 900 1906 100000 1900, ooo,o 900
1,oss, 100000 sss,ooo,ooo 2as,ooo.oo
In 13 years American investments
In Latin-America have nearly quad
rupled while during the past year
they have increased by more than
half a billion dollars. That is why
American warships patrol Nicara-
guam waters today. They are i'm
mediately rushed everywhere that
the American dollar is threatened.
Workers and farmers are blind 30
their own interests il they join in
the profit struggle to protect "the
lives and property" of American
dollars invested abroad.