The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-09-13
By ALBERT MOREAU.

THE recent revolts in Bolivia and Peru, which
ended in the temporary substitution of one
bourgeois government clique by another, are
the prelude of the oncoming imperialist wal
between the two dominant imperialist pow
ers-Great Britain and the United States. The
overthrow Of the Ses government of Bolivia
by a military coup, General Cerro's coup in
Peru, conclusively prove the sharpening of this
inter-imperialist rivalry.
Parallel to these maneuvers of British I'M
perialism, we witness the defining of class re-
lations in almost all the countries of South
America and the attempt on the part of he
oppressed masses to push forward the struggle
against imperialist exploitation to its logical
OBSERVATION-DISCLOSURES the feudal landlords the
native bourgeoisie and the imperialist vassals.
In Brazil the workers and peasants are striv-
ing, under the leadership of the Communist
Party, to break the wrist of both "conserva-
tive" and "liberal" bourgeosie-the parties, re-
spectively of British and American bankers
and for an independent struggle, the struggle
for Soviet power.
In lesser degree, but with more astute
ness, these two imperalst powers are man
euvering against each other in their Caribbean
colonies. Here the iron heel of Wall Street
falls heavier upon the oppressed masses, espe-
eially through the unchallenged control of the
government institutions by the White House.
In FL Salvador and Honduras, the political in
trigues of the opposing government groups re-
veal outstandingly the fight of London bank
ers against the still advancing colossus Yankee,
More defined is this rivalry in Mexico For
every concession gained by Mr. Morrow for
his American masters and associates, there is
a new war trench built by the British rival
financial groups. The political horizon in Mex
leo is pregnant with dark clouds that may bring
on any day the storm of bullets and destruc-
ton, an mperialist war. The Escobar rebellion
of 1929, engineered by English financial lords,
was defeated by American imperialism. Since
then Wall Street has made further advances,
eliminating in the successful" Lamont Monies
de Oca agreement. But simultaneously with
this advance, England is forging its weapons
of war and this time Morones and Toledano
are the willing servants and are coming for
ward to speak of the progressive" role of
European capital.
;, On July 25 Mr.. de Oca, finance minister of
Mexico and Mr. Lamont, chairman of the in
teI irrational committee of bankers of Mexico,
signed the agreement by which all the pro-
visions therein included completely satisfy both
the master and the servant A victory for J. P.
Morgan Assurance is thereby given to the
collection of big interests to be paid by the
Mexican workers and peasants. The agree
ment only settles part of the international debts
of Mexico to the amount of $500, 100000. La
mont secured the payment of the interest and
sinking funds by guaranteed lien upon Gus
toms revenues. This is the first far-fetched
victory.
The second important victory for Morgan,
whose mouthpiece in the White House is Mr..
Hoover, is the passage of the control of the
Mexican railway into the hands of American
interests. 1t is welI-known fact that a good
portion of the railway of Mexico has until now
been under the unquestionable control of Brit
ish fianciers. The Lamont-de Oca agreement
stipulates the plan by which the railway COM
pany is to be reorganized and new one to be
formed, 1t goes without saying that this new
company will be controlled hereafter by the
House of Morgan. All ended happy but for
British imperialism.
A few days after the conclusion of the
agreement, the declaration of General Alma
zan to the effect that in the event of war be-
tween the United States and any other power
1t would be an honorable" duty for Mexico to
SIDE vith the United States, was threat made
by the Almighty Morgan, Hoover and COM
pany, to the beaten but not knocked out Brit