The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1931-09-19
CONTINUED FROM PAGE ONE,

which will participate in the Unio~
So demonstration is the Interna >
honal Labor Defense which is join
Ing in the struggle to prevent eth
British capitalist class FROM StarS
ing murderous attack on the Brio
sh sailors such as the fascists in
Chile have already started. The lid
yent the following cable to the mill
sant british seamen through the
British section of the international
Labor Defense. ,..,-,
"The International Labor De-
Tense of the United States through
its British brother organization
sends comradeIy solidarity greet
ings to the struggling sailors re-
sisting the starvation policy Of the
Macdonald government. We pledge
ourselves to organize broad mass
resistance against threatened puir-
ishment facing the militant sailors
leading this courageous struggle.
American Imperialism, like British
imperialism, reserves extreme per-
secution for workers who voice
their grievances In military, naval,
or air forces. Workers everywhere
join hands in your defense. The In
ternational Labor Defense is join
ing the solidarity demonstration Or
ganized for Saturday on Union So"
The militant actions of the British
seamen have had g. tremendous eff
feet on the stability of British. i'm
perialism. This was Immediately
recognized by the British as well as
the foreign imperialist powers. In
the House of Commons the discus
sion Of the actions of thG sailors has
become secondary to the problem of
the present stability of British CAPT
talism which has been weakened
greatly by the resistance Of the sea
men TO the wage cutting program OF
Macdonald. ,uis,.
The disobediance Of the sailors was
a militant blow by them at the en-
tire system Of discipline which has
been one Of the very foundations
Of the British armed forces. The
willingness Of the government to
"forget" this act Of military dis
obediance is revealed as a retreat
Of the capitalist class due to the fear
that yet more critical situation is
rapidly developing. @,aS.,
Sir Austen Chamberlain, First
Lord Of the Admiralty, agreed to
"forget" In the following words yes
terday in the House of Commons:
'The past Is past" he said. ut is
in the interest Of everybody, in the
navy and out Of it, to forget what
has happened. am not going to
look back. am going to look for.
ward, and count confidently on
the traditions Of the service and
the loyalty Of the men to uphold
me. We shall go forward together
In the service Of the country
While the fleet is steaming back to
port where 1t will arrive Saturday to
bme greeted by the workers in great
solidarity demonstrations the Brit
ish ruling class and it's national gov
eminent is fearing that the pound
will fall rapidly in value as the, re-
suit of the obviously weakened eco
non1ic position of British capitalism.
The Daily Mail Of London states edi-
torially that "the plain fact Is that
Britain is still in the midst of a
crisis" The critical situation is FUR
Their explained by the Daily Mail in
the following words:
'1f the story from Wall Street
that large part of the latest cred
1t granted us is already gone in
safeguarding the pound is true, we
are all fiddling while Rome burns.
What is the use for the navy to, go
on strike If it is merely helping to
ruin the value of everything 1t ex-
lists to protect? What is the use for
tariffists to urge tariffs If the un-
certainty they minister to Is mere-
ly helping to decrease the vaIueref,
our money in paying for food and
other goods from abroad?" ,e,ro-
About two weeks ago the United
States and France granted the Bank
of England credit Of $500 0eo, 900
In order to prevent the collapse, OF
the British banking system. 1t has
been reported that the majority OF
this credit has already been used up.
So serious is the situation that, the
leading bankers of the country VS.
tied Macdonald Thursday night. in
order to give him the necessary in
structions for dealing with the pres
ent crisis insofar as they themselves
have any conception as to how the
collapse can be ayerted. The New
York Times reports the visit Of. the
Bankers to Macdonald as follows.oo,
Financial leaders of Londons In
GLIDING Sir Ernest Musgrave Har-
vey, Deputy Governor of the Bank.
Of England, visited the House of ,
Commons tonight, 1t is reported,oto
convey to Prime Minister MacDon-
aid grave warning that the sta
bility Of the pound was again inn.
periIed. It Is stated they gave two
reasons for this emergency-first,
the naval unrest and, second, tho
report that a general election was