The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1931-09-25
Prepare to Hit the
English Communists
CONTINUED FROM PAGE ONE)

Gu ul1OIIudJlOn concerning Jne per
sons responsible for the issues Of
September is to "a which contained
the news Of the naval mutiny at IN
vergordon. The police also visited
and questioned the printers of the
paper.
The foregoing cable indicates that
not only is the National government
preparing for a fascist dictatorship
with the aid of the Labor Party, but
that one of the first steps in this
fascist development is the attack on
the Communist Party of Great Brit
ain and the Daily Worker.
Great Britain faces the prospect
of an immediate initiation in the cur
rency and it is not unlikely that this
will be carried on for some time, &C
cording to a statement issued by Sir
Josiah Stamp, one of the leading
bankers in England, a director of the
Bank of England and president of
the London, Milland and Scottish
Railway. He points out that the
danger of initiation is not only an inn
mediate one for Great Britain but
for other European countries.
"Going off the gold standard be-
cause Of an unbalanced budget and
with the prospect of an unlimited
issue of paper money cOnjures up
visions of past currency disorgani-
zations in Europe--the flight from
the mark and the flight from the
franc-and it naturally makes all
people abroad who have dealings
with Great Britain apprehensive,
for all historical parallels show that
this is perilous condition both for
the debtor and the creditor"
The prospect is repetition of the
terrific disorganization due to infla-
ton that Germany went thru in 1923
and France in 1926. This initiation
airy period will bring with it on the
one hand the sharpest ntenSification
of the struggle for the world mark
cts and with it the sharpening OF
the war danger. On the other hand
it means the most vicious attack on
the living standards of the working
class in all OF the capitalist powers
and the Development of fasciSm as the
means to carry thru this attack.
Initiation to Continue
Past inflationary periods, Stamp
points out, have meant encourage
ment to exports and to dumping. "
This is the present significance Of
the suspension OF the gold standard
in Great Britain. Great Britain is
trying to take advantage of all Of
the possibilities Of the drop in the
value OF the pound in order to in
crease its exports at the expense OF
the other capitalist powers. The ad-
vantage to Great Britain Of the
slump in the pound will only continue
so long as it is inflated and the
prospect is for increased initiation in
order to maintain this advantage.
This Is the policy that many indus
trialists have been clamoring for in
England for the past several years,
with the cooperation Of the reastion-
airy trade union leaders.
The initiation in Great Britain Is
q direct incentive for initiation by all
other powers on the world market
even so far as they are not forced
TO it Immediately to maintain their
own finances from collapse.
Socialists Prepare Fascist Dictator
ship
In this policy Of initiation 1t is the
Socialists that are the chief support
ers of the capitalist class. In the
Conservative party many of the lead
ers are demanding that there be i'm
mediate elections so that the fascist
dictatorship may be established I'M
der a National governmnt from
which all the irresolute elements
have been cleaned out. The conserva-
tives want fascist government I'M
der the leadership Of Ramsay Mac
Donald, according to the New York
Times
"The Conservatives do not intend
to appeal to the people In the name
of their own party but In the name
of the existing emergency govern
ment with Prime Minister MacDon-
aid as its head"
The dissesion in the Labor Party
has spread from the cleft wing" to
the center. Even the centrists In the
Socialist" Labor Party realize that
the open betrayal of the workers by
the new leader of the Labor Party is
too much. They realize that it is
driving the masses of the British
working class from the Labor Party.
The left wing and the centrists in
the Labor Party are attacking Hen
derson because the masses Of the
workers are learning Of the treachery
of the Labor Party leaders. They
realize that if they want to continue
to mislead the workers it will be
necessary to make at least a show
OF opposition now. Up to the present
the program of the Socialist Oppo-
sition" has been the program adopt
ed by the national government.
The Opposition" advocated such in
direct attacks against the workers
wages as tariffs and going off the
gold standard. The workers, however,