The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-03-03
MAKE FIGHT ON
ALL, TAKERS
ON MARCH 6
W oll's Fascist Letter
Hits Jobless

January gain. The facts suggest
that the danger of a second quar-
ter relapse in business is increas-
ing"
This is very plain language, pre-
pairing the bosses for further sharp
curtailments in all basic industries
and vast increase in the unem-
ployed army.
AS Comrade Varga showed in the
last issue of the Communist Inter
national" the rapid drop in COM
modify prices as result of the
sharpening economic and agrarian
crisis in the United States is. dis
locating capitalist economy through
out the world.
One of the most outstanding fea-
lures of the last month has been
the rapid drop in prices. Com
modify prices have already reached
the level of the severe crisis of 1921
and are still continuing to go
down. The Annalist points out this
alarming fact to the capitalists:
"More striking is the fact that
the commodity price level is now
practically down to the bottom of
ICELAND for reasons not so differ
ent from those operating in the
earlier year as the hasty observer
may be inclined to think"
On February Fl building con-
tracts awarded for 1880 showed the
tremendous decline of $50 below
the same period of 1928.
Building Boom Collapse.
And the Annalist also. points out
that the so-called Hoover building
program, which received such loud
mouthed praise from Hoover,
Green, Barnes and Lamont, has
turned out to be a complete route.
Even the Counter Revolutionary
Age (No. p thought that there
would be an increase in building as
result of the stock market crash.
But says the Annalist:
president Hoover's statement
that marked reduction must be
made in government expenditures
emphasizes the danger of depending
of the government construction pro-
gram to stimulate business"
Tons of propaganda were used by
the capitalists to deceive the work
ers on this point.
The steel industry is due for a
severe further decline, which is al
ready beginning. The Journal of
Commerce (Feb. %, 1930) informs
us:
Conditions in the steel industry
have suddenly changed, with de-
crease in operating pace noted for
the first time this year."
They go on to say: "The slump in
the purchasing of raw materials on
the part of the automobile industry
has also affected the pig-iron de-
mand from these sources. Sales of
iron at Cleveland have dropped to
$4,000 tons weekly, or half the total
of some recent weeks. The Cleve-
land producers sell to the automobile
trade more than does any other one
producing district"
1880 Auto Production 400 Off.
Details of January and February
sales and production of automobiles
shows the extent of the present cri-
sis of American capitalism. The
automobile and steel bosses have
published the fact that they expect
at least a 40 per cent drop for 1880
in auto output. Even the limited
production during January merely
tended to increase the overproduc-
ton so rife in the automobile field.
The Wall Street Journal (Feb. %,
1930) published complete figures
for automobile sales, etc., for the
Seventh Federal Reserve District
Chicago and vicinity, which shows
that auto sales for January dropped
over 81 per cent, and cars on hand
| (overproduction) increased % per
cent. They give this comment:
"Stocks of new and used cars on
hand January 81 showed an increase
over previous months and a consid-
erably larger increase over the same
date in 1925"
And running through it all is the
earthquake of the severest agrarian
crisis ever experienced in the United
States. Hoover, Legge & Co. viz
tually tremble in their boots over
the significance of the agrarian
crisis, coupled with the rapid sharp
ening of the general crisis of world
capitalism. All the fascist hounds,
such as Matthew Woll and the $50
cialists" that Hoover can turn loose
along with police clubs against the
unemployed, are not able to solve
the capitalist crisis nor gives jobs
to the jobless.
In this campaign, even the rene
gades from the Communist move
ment have a part, call to the $50