The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1928-09-15
Mellon-Hoover-C Coolidge Prosperity

Upon the return of Coolidge to the White
House from his vacation he and Hoover mad
a conference with the real boss of the repub-
lican party Andrew W. Mellon, regarding the
campaign
The calibre and tone of the discussion was
revealed the next day when Mr.. Mellon issued
another of his optimistic statements to the
Washington correspondents of the capitalist
press on the business situation Of the
country" which, as an example of studied
lying, is gem among capitalist party cam
paign material.
For long time the various branches of
the government, particularly the treasury
department presided over by Mellon, as we'll
as Hoover'S department of commerce, have
perverted figures regarding the economic
condition of the country in an effort to per-
petuate the myth of prosperity. Mr.. Mellon
reports that business conditions are salts
factory and preparing to go forward on
sound economic basis" although he is COM
PEELED to refer to the pronounced crisis in
coal and textiles as "a few weak spots" These,
however, according to Mellon, are in process
of being solved. He is rather vague on pre-
cisely how the textile problem is to be solved,
but predicts that the coal crisis will be solved
by the voluntary shutting down of consid-
cradle number of mines and a subsequent
curtailment of production. This is only an
other way of uttering the identical senti-
ments expressed by his union-wrecking lack
ey, John L. Lewis, who also urges a curtail-
ment of production and states that hundreds
of thousands of miners formerly engaged in
coal production will remain idle 1t is a
method of serving notice on the coal diggers
that the burden of naturalization of the coal
industry will be placed upon their backs. &c.
while Mellon anticipates prosperity for the
big coal operators he holds out no hope of
prosperity for the men who delve in the
ground to pile up profits for the parasitic
owners of the industry
1t is fitting that Mellon and Coolidge and
Hoover should remain noncommittal regard
ing the solution of the ills of the textile in
dustry in view of the fact that the Fordney-
McCumber tariff was hailed by the republi-
cans and some democrats as a guarantee of
high wages and sublime conditions for the
workers in that industry. In the textile in
dustry it is also the workers who bear the
burden.
In both industries the workers have
fought and are fighting against the attempts
to place the burdens Of reorganization upon
them On the trade union field they have
heroically fought against all the henchmen
of the mine and mill owners. In many local
Instances the majority of the workers in
volved in these struggles have come to rec
ognize the fact that the city and state gov
ernments are in the hands of their enemies.
They must in this campaign, as result Of
their experiences, come to perceive that the
government at Washington and the politi-
clans of both old parties, whether republi-
can or democrat are their class enemies.
In his latest prosperity" statement Mel
Ion declares that as far as agriculture is
concerned there is nothing unfavorable in
prospect for the farmers" On the identical
day the statement was issued the financial
pages reported a downward plunge of cotton
prices from 35 to AT points; the condition of
the world market, particularly as it affects
American, Egyptian and Indian cotton, in
dicates a further marked decline These
facts completely refute the declarations of
capitalist class economists that cotton prices
will be high because of a small crop in the
United States. 1t means the poor southern
cotton growers will get even lower prices
than usual in spite of their small crops.
World wheat production is such that
prices of that product will be exceptionally
low as far as the price to the farmer is con-
cerned, so in spite of the huge American
crop that is predicted the average wheat
grower will be no better off than before.
Prosperity exists only for the big capital
lists and their hangers-on, but certainly not
for the masses of the population of the coun-
try.
The only solution for the economic ills of
society is that presented by the Commu-
nists; and those members of the exploited
population of the United States who are
able to understand their own interests will
support not the democrats or republicans Or
the socialists in this election, but the Work
ws iCommunist) Party and it's candidates.