The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-06-07
The Experts Report" Agreed On.

The New York Evening Post organ of Wall Street.
aims experts report separations agreed on at Paris
which is to signed today and raises the demand Now
for Ratification
The great financial interests satisfied with the work
accomplished by their experts, j. Perpont Morgan the
international banker and Owen d. Young, chairman OF the
General Electric Co., also member of the original Dawes Com
mission who acted unoffca' representatives of the
United States government
Wall Streets spokesman went into the conference de-
termned that there should be cuts in debt payments by
France and Great Britain to the United States They were
not worried the question of German payments to France
Great Britain Belgium other vlctors under the terms
of the Versailles Peace Their desires were gratfed.
Nothing is to be gained through speculation whether
the agreement reached will be ratified not by the capt.
tast of the various countries involved There
opposition the settlement especially in Germany while
the German question is left entirely to direct negota
lions between Germany and Belgium, which may fail.
The big fact is that whatever the reparaons they
must be sweated out the blood and snew of the working
class Germany, especially than in other land
the growing crisis of capitalism in direct connection with the
reparaons problem leads directly to increasing offensive
against the working class to general ntenscaton OF the
class struggle to the outbreak of great social upheavas
the May Day events for example.
The restriction of the world market the accentuaon of
international competition, and the failure of American
of credit force the German capitalists to have
course to vigorous increase of EXPORTS if they to full
fill their Preparations obligations The situation the world
market however, does not permit of pronounced
augmentation of German exports which, expressed in capt.
alst phraseoogy reads costs of production and which
practically wages hours, conditions of work.
The accentuatlOn OF Angl0-Amerlcan rValfy Cne IN
creased competitive struggle the restricted world market
the approaching end of the business boom in the United
Staes-al these factors dspelled the last illusion to
possible cooperation Of German and American capitasms
and common pressure on the Preparations creditors.
Great social struggles appear imminent, however, IN
other countries well in Germany In France and Eng
land also the United States the working more
and feeling the effects Of the growing anagonsms of
international capitalism and Gin the degree in which
the struggle the world market ncrease) also of the
vicious circle of the Preparations problem.
The New York Evening Post warns the powers con-
cerned that is clearly enough this plan plan at
ALL" 1t claims that the governments concerned
realize that the alternative before them is
continuation of the uncertainty
prevail the plan plus blow to their
ationaIc credits which might have serious results
Here is yelled threat of the Importance which this
Wall Street organ attaches to the development of this form
capitalist unity in Europe against the growing threat of
the Union of Soviet Republics This unity only be
achieved the words of the French politician de
Jouvene writing in the "Deusche Bergwerkszeung
of German heavy industries by Germany putting aside its
vacllation
(Russa) and European policy for which
would desirable that Germany should be
the policy has pursued hitherto An all
yantageou Germany would be to the rest of
Europe
Every effort is thus being made to build the AntSovet
Bloc This of the dominant factors in the nego
tons for the PREPARATIONS accord in which Wall Street won