The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-12-09
BY HARRY CANNES.

CERTAIN facts and information are given the
bosses about wage cuts and the world eco
nomic crisis that is never supposed to reach the
workers. However, the Daily Worker able
to get hold of a copy of Foreign Letter No. 604,
issued by Whaley- Eaton Service, ON Nov. IL,
1880, marked For Clients Only" What this
document contains is not only OF interest to
every worker but effects their lives,
The Clients Only" referred to, are, of course,
rich parasites especially those who hold huge
sums in foreign bonds and investments. They
are very much concerned about the world out
look. To show how closely this document hits
the mark it would be we'll to quote the section
entitled: British Wages in which they fore
tell what is now going on in Great Britain. They
say land this is nearly month ago.: British
industrialsts are preparing for widespread COL
isions with labor within the next few months"
We now see these conflicts-20O,O0o textile work
ers threatening strike; 10000 miners out on
strike, with a general strike impending in the
entire coal industry.
The document begins with stressing the i'm
portance of the Orlstric failure in France Gus
trio was banking firm that went bust. Incl
dentally, they tell us that the HAIRY failure in
England in Sept, 1929, had tremendous eff
feet on the United States; that one billion dol
lars was withdrawn from American banks. Fur
thermore, the Oustric failure, says the Whaley-
Eaton Service, is symptomatic of a general
smash-up that is threatening in France, and
that will bring France sharply within the world
crisis. Quoting lie Capital" French finan-
cial sheet, the document says
France, in avoiding one crisis, is making it
necessary for it to submit to another much more
grave, because at that time all the other mar
kets will have rebound their full faculty of COM
petition"
The document goes on to say about the COM
ing sharpening of the French economic crisis:
I'm these circumstances, high French officials
are doing almost precisely what was done in
America, r---- , the securities Aebacle, by ad-
vising the country that everything is quite all
right and thoroughly sound The fact is that
France is beginning to feel the stress of the
world depression and that liquidation is almost
certain to take place there, just as it is taking
place everywhere else"
Which, of course, lends added strength to the
statement in 'Pravda." that French imperialism
feeling the oncoming crisis. and especially a
smash-up in its financial system, pushes the
war preparations against the Soviet Union as
an outlet and as a solution"
In 1922 Lenin, referring to the Versailles
treaty and the reparations problem said What
have the victorious powers done? How can they
find an issue for the present confusionp"
The issue is becoming more difficult and the
confusion greater
We find that the key to the European crisis
admitted by this document we are considering
is the reparations problem, the Young Plan yoke
The German situation" they write lis the key
to everything in Europe. If Germany does not
dominate its economic troubles forces will be
unleashed which it will be impossible to con-
troll Dangerous acts will be committed There
will be war. :"
Ihey become even more prophetic: THE fate
of Europe and that includes France, will be de-
cided this winter in Berlin"
Lenin asked How can they find an issue for