The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1931-12-31
BY HARRY CANNES


almost all of the conuuerors' came out OF
the war with gigantic loot. America IS
strong. All owe 10 her at present, all depend
upon her. She Is more and more hated. She
plundered all and she plundered in a very
specific manner. She got no colonies. Eng
land came OFT Of the war with gigantic colo
mics. France also all this shows that Amer.
lea cannot reconcile itself to the other conn.,
tries because there is the deepest friction be-
tween them. =. II is ridiculous 10 think that
the stronger capitalism will not take away
from the weakest capitalism the booty robbed
by the latter."-Lenin.
WAR debts comprised most of the World War
" loot OF American Imperialism. But the
growth OF the economic crash, the spread of the
financial crisis, the collapse Of the Young Plan
in Germany, the drop Of the pound in England,
makes this booty an uncertain prize
American capitalism now wants the more sub
stantial booty OF colonial plumber on q vaster
scale. The whole sick structure Of American
capitalism cries out for the cure" of further
colonial aggrandizement In the Congressional
discussions on war debts and PREPARATIONS there
was dominant factor that the American capt.
talist press conveniently pushed into the back
ground. Two spokesman for the most important
strata OF American capitalism called for re-
division OF the world colonies-ard directed their
covetous eyes toward Britain and France
Congressman McFadden made violent at
tack against the Hoover moratorium which ne
characterized rs Wall Street plot, naming
the leading financial houses involved. But for
some mysterious reason he forgot to mention
the real force behind the moratorium, namely,
]. P. Morgan
Was there really d1vlsion between McFadden
oY,I Y,,
difference of interest between that strata of the
bourgeoisie for whom McFadden spoke the small
tndustrialistS, the rich farmers, the merchants
and Wall Street Chat is Morgan & Coz whose
mouthpiece is Hoover and Mellon? Not at all
It Is no accident at all that McFadden's bonn
hastic speech was supported in more dgili-
fled manner by Senator Reed of Pennsylvania.
Senator Reed is the spokesman for the billion
aire tmperialist, Andrew Mellon. Why did Nc
Fadden and Reed Qater supported by Senator
johnson of California representative of the rich
farmers and Western bankers) make so sharp
an attack against the Hoover moratorium? They
felt that the dominant clique OF Wall Street, be-
cause the crisis endangered the huge short-term
loans amounting to billions because OF the shaky
position OF billions IN foreign bonds, that in or
der TO save their immediate interests were en-
dangering the war loot OF American imperial
ism. in which the whole strata Of the bourgeoise
was interested.
Congressman McEadder and Senator Reed
opened up the propaganda drive for the con-
sciouS preparation Of war by American i'm
perialism for redivision Of the colonies Both
directed their main attacks against British
imperialism Insisting that the European Inn
periaIists, despite the crisis, should continue
payments on the war debts, because this is
Wall Streets share of the colonial plumber,
Senator Reed said:
Il shall not point out particular countries,
am not trying to be offensive to any Of them
But 1t is silly for European power owning
far-flun2 colonies, holding lands sill around the
circuit of the globe. with museums filled with
art treasures worth millions and millions in
money to say to us: The exchange is against us;
our currency is deprecated; we cannot pay
America"
The Lion Roars Back
This dart, directed against Great Britain ex-
pressing Wall Streets colonial hunger, touched
an extremely sore spot. The British inperialists
are fighting fe-and-death struggle to main
tain and strengthen theiy colonial empire wan
styees looks naging1y 10 the British colonies,
Aeanana ahag ass ahs ATussl and naexs desirable