The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1928-01-17
SPARK
from the
N E w S


ties is to be Immediately discontinued
is of tremendous Importance for the
American workers and farmers. Very
likely the ban against the French
government loans will also be lifted
soon.
Why this change of policy after
three years of opposition by the gov
eminent on the ground that the debt
of France has not yet been adjusted?
Coolidge says that it is mark Of
friendship. Is that true?
There are three basic reasons for
the significant change of policy by
the American State Department.
These are:
~ American imperialism is lit
orally supersaturated with credit. The
surplus of capital is threatening to
choke the finance capitalists domina-
ting the country. New outlets for the
export of capital must be found or the
whole credit structure will be weighed
down by the superabundance of
monetary gold. Hence, attempts will
now be made to stimulate the export
of American capital to France. There
are French railroads, shipyards, and
chemical corporations to be controlled.
~ This move is also a vancouver
against British Imperialism. 1t will
lncerfere with British exports of capt.
tai and will tend to weaken the Eng
fish bankers influence on French in
dustries. 1t is an integral part of the
whole vancouver of the United States
to separate the European imperialist
powers, to divide them, to pit one
against another, and thus to lessen
the menace of European resistance to
American imperialist domination.
Such motives likewise constitute the
basis of the nluch-heralded efforts Of
the American government at peace
treaty with France and even at the
so-called multi-lateral peace treaties
with other imperialist governments.
(3) Last but not least, the lifting
of the ban on French industry loans,
and soon government loans, despite
the fact that the French debt has not
yet been settled to the satisfaction of
Washington, is calculated consciously
TO streng hen the reactionary Poin-
care government which is facing a
severe trial in the May national cleo
tons.
Here we have the crux of Wall
Streets peace and friendship-and
service to capitalist reaction every
where as well as the systematic war
| preparations.
| IN HIS recent address to the Race
Betterment Conference, the multi
millionaire Secretary of Labor Davis
declared: To-day nearly every labor
ing man in the United States has
inc to think, and he owes this mostly
to science"
This is certainly very modest talk
BY Mr.. Davis who is an open-shop
steel owner. For change he does
not claim that everything is due to
che magnanimity and efficiency of the
capitalist class.
But at the same conference the
m zing, yet interchangeable
declaration was made by DR.. j. A.
STICKY of Lexington, Kentucky, that
cwo million people are living today in
the United States in as backward
a condition as did the early settlers.
These people live in log cabins, burn
homemade candles, spin their own
clothes and make their own furni-
ture." This authority hastens to tell
us that these people, for the most
part illiterate, are not foreigners, Dr..
Stucky says: These are the pure
blooded hundred percent, Anglo-Saxon
Americans who established this coun-
try of ours"
To say the least, our notorious Ia
bor-hating Secretary of Labor Davis
slightly exaggerated" his glowing
description Of the wonderful condi-
tons of the great mass of people in
the United States. While Davis was
working his imagination overtime, the
leaders of big business in Massachu-
sets were openly advocating the
lengthening of hours of labor and the
cutting of wages for the New England
textile workers. Long hours Of
night work for ON in the
textile mills, banned as far back as
a quarter of century ago, were also
proposed by these supporters Of Cool
idge and Fuller. The report Of Gov
ernor Smiths Industrial Survey Com
mission was especially quoted to sup
port the last ultra backward move.
And at the same time hundreds Of
thousands of women and children, the
families of the locked-out Pennsyl-