The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-10-21
By HARRY CANNES

CECRETARY of State Stimson has announced
change of policy of American imperialism
toward the Brazilian 'revolt" which may de-
eide the fate of the uprising, and will sharply
intensity the Ango-U. S. antagonism through
out Latin America.
The latest turn in Wall Street policy towards
the insurrection led by section of the discon-
tented bourgeoisie is contained in the Stimson
announcement that shipments of arms and am
munition would be permitted to the Luis
Prestes Federal. government, and an embargo
placed on arms shipments to the insurgents.
The New York Times announces that "This
decision may break the back of the revolt"
Why this change? About ten days before
this new step" Stimson had announced a
"hands-off" policy toward the uprising. The
insurgents were more influenced by American
imperialism than they were by British imper-
ialisn. The opposite was true of the Luis
Prestes regime. The revolt started particu-
larly IN those states in which American I'M
perialism has the greatest influence. The first
expressions of the State Department showed
support for the insurgents. Knowing this, the
Luis-Prestes government got busy Daily con-
ferences were held between Stimson and the
Brazilian ambassador in Washington. The
Luis-Prestes outfit to save themselves from
defeat by the uprising made wholesale con-
cesslon to Wall Street in return for active
support against the uprising.
Looking for Bargains
When Prestes was elected" president of
Brazil he made trip to the United States and
then to Great Britain. The Brazilian bourgeoi-
sic who back the Luis-Prestes government have
had closer alliance with Great Britain than
the United States. But American imperialism
since 1920 has been making rapid inroads in
Brazil Prestes was looking for bargains, and
10 he hott how
Britain. Though he would not overlook any
good offer from Wall Street. Commenting on
this tour" Prof. Paul Vandoren Shaw, writing
in the Sunday Times (Oct. IL, 1890, says:
Julio Prestes mission to the United
States and Europe and his activities in con-
nection with bankers, especially in England,
received great deal of attention from the
Brazilian press. He was accused by some of
being willing to mortgage the soul of Brazil
to foreigners in return for loan, and this
is one OF the causes for his unpopularity."
Emphasis mne.-H. CO
Prestes had made arrangements with Eng
fish bankers for this Financing" But the "rev-
olution," which Stimson and Wall Street viewed
with such calm dispassion, made the govern
mental forces change their mind New ar
engagements were made with Stmson in the
heat of battle and with it the "hands-off'
policy has changed.
The quick change of American policy to-
wards the Luis-Prestes clique brought con-
sternation to British imperialism. They had
already sent two cruisers to Brazilian waters
to bolster up the Federal Government against
the revolt" Wall St. answered by ordering
the cruiser Pensacola to Guantanamo, Cuba,
for immediate call to Brazil When Stimson
declared the change of heart on the part of
Wall St, the Pensacola set out for Brazil i'm
mediately
New York Times cable from London (Oct.
1877 by its staff correspondent Ferdinand Kuhn,
Jr- tells of the sharpened antagonism between
the United States and England over this new
step.
But Great Britain looks upon Brazil almost
as much as Argentina writes Kuhn, "as a
crucial fighting ground for Latin American
markets. Brazilian goodwill to Britain rep
resents millions of pounds, shillings and pence
in orders each year." When Prestes was in