The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-08-30
The War Danger in latin America

investments in Argentina still lead
the United States. The British figure
being $1,900,O0O,O00 and that of the
U. S. $250,0O0,O00 In 1920 U. S. in
ventments in Argentina were $40,-
100000, so that we can see that U.
S. investments are gaining very
rapidly and in few years will sur
pass those Of Great Britain. In Bra
I'll, with the exception of Chile there
is more American capital invested
that in any other South American
country, American investments reach
ing upwards of $300,000,000 (Statis-
teal figures from American Foreign
investments by Robert w. DUNN
The pretext for a war between
Argentina and Brazil is the dispute
over the possession of an important
navigable river, the Rio de la Plata,
which is today in the hands of Argen-
tina but has long been claimed by
Brazil.
And that the certainty of war
among the above South American
countries is not only a spectre exist
ing in the minds of Communists, can
be sub5tantiated by the form the
fierce armament and military pre-
paredness race now in progress
among the South American govern
ments.
Imperialists Finance Armaments.
Peru, with the money extended to
it by the foreign bankers in the form
of loans, make no secret that it is
constructing the best battle fleet
possessed by any South American
country. Chill does not view Peru's
preparations with folded arms, and
has already spent 430 million CHILEAN
pesos in undermining her old battle
fleet.
Argentina does not remain behind
and in the year expended 1000O0,009
pesos for new and modern arma-
ments, and is continuing to spend
enormous sums. The naval ministry
Of Argentina in 1916 spent Sc million
pesos for the purchase of 2 cruisers,
destroyers, torpedo boats, and sub
marines. Sometime ago the bour-
geois press of Argentina announced
that the government will spend 80
million gold pesos for the further
purchase of ornaments. This re-
suited in such a wave of popular in
dignation, that the bourgeois press
was forced to correct" its statement
with the announcement that the gov
eminent would spend so million in
paper, which has the value of a third
of the gold. But as result of quar-
rel among the leading politicians, it
leaked out that at a secret session of
the chamber of deputies the naval
minister solicited and obtained an APP
preparation of rs million pesos in
gold.
Brazips Armament Race.
In view of Argentina's preparations
Brazil also does not seek to fall be-
hind and is arming to the teeth.
These leading South American
countries are arming to the teeth not
for any decorative purposes, but for
the sole reason that they know that
very soon, their British and Ameri-
can imperialist masters will COM
mand them to fly at each others
Threats, and thus will kindle the
most horrible catastrophe that has
ever befallen the South American
continent.
The imperialist interests have in
the different governments which they
influence, their agents who are con-
sclously preparing these countries
for. oI1f Of al,
to gain will be the foreign interests,
and the native masses the sure losers.
The Communist Parties of South
America, under the guidance of the
Communist international are making
every effort to make clear the i'm
pending situation to the Proletariat.
which if united, is the only force in
South America that can prevent the
outbreak of the war.