The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1931-01-27
The Silver Road to the Chinese
Markets

precisely that of the japanese bankers. There
is sharp cleavage between the three powers
each battling for The greatest share of the Chin
csc markets, and the latest move by the United
States is a menace to their interests.
The Canadian bourgeoise, who have not yet
established definite position in China, waver
between Great Britain and the United States
Meanwhile, Premier Bennett has also taken in
dependent steps. He sent H. H. Marler, Cana
an independent loan proposal with Marking
dian Ambassador to Japan, to China to discuss
This is intended to force the hand of the United
States to work more closely with Canada. The
Canadians have already sold this year 15000,-
600 bushels of wheat to China. They propose
unloading l00,000000 more bushels in order to
lessen the pressure of the huge surplus at home
The British markets are declining for Canadian
wheat. The increased exports of the Soviet
Union to Europe as we'll as the bottled-up sur
plus in the United States are driving the Cana
dams TO drastic measures.
In proposing the plan to Owen d. Young, Ste
vens of Canada placed first to necessity of
crushing the revolutionary workers and peas
ants movement in China as a preliminary to
intensified penetration by the imperialist powers
Order can only be restored by assistance from
other countries" said Stevens, and in that as
sstance there would come an alternative to the
saturated markets of Europe for the assisting of
other countries"
AS the world economic crisis grows worse from
day to day, with the lessening prospect of the
necessary markets in either Europe or the United
States the eyes of the imperalist powers turn
more longingly to China and to the vast Orien-
tai market AT this time our power of mass
production has made surplus over and above
our ability to consume bewals ex-senator
IyA
more than three times our own population ;"
China, he concludes, is the logical big market
for the United States. He goes on to urge the
silver loan by the United States government be
adopted Immediately. If the government doesn't
do it, says Cannon, let private bankers and in
dustrialists do it. AS the final spur Cannon
warns them: II neither the government nor the
commerce OF the United States cares to act the
whole plan can be executed by Great Britain,
which is seeking to provide markets for the pro-
duct OF 100000 artisans now idle" This, for
Cannon, is the straw with which to break the
camePs back. If you don't do it immediately. he
threatens, your leading competitor who is dying
Tor want OF markets must do it, and you lose
the chance.
Some time before the definite proposals of the
Pittman committee were made public leading
article appeared In For disqualification" the
SoVlet economic newspaper entitled 1.-The Strug-
gle for the Chinese Market" This article points
out the sharpening rivalry in the Chinese mar
kets. 1t tells of the British textile mission TO
China seeking to win back markets lost to Japan.
1t points out that while the British obtained II
per cent Of the Chinese trade in 1913 it had
fallen to 91-2 per cent in 1925 whereas the
United States, during the same period, had
pushed up its share from 6 to II per cent. mot
long ago." writes "For Industrialization," zone
journalist very successfully expressed the object
OF American capital in China as an attempt to
reduce China into its monopolized colony.
China ne declared, must be renamed the Near
East OF America, because it is the nearest and
potentially the richest market for the United
States"
This struggle for the Chinese markets has
been going on at fevcrish pace for a long
time. Even before the crisis it had reached
such stage that the American-controlled China
weekly Review (ShanghaD said that only the
most skillful craftsmanship" could prevent war.
Now that the crisis has mag1ified the need for
markets a thousand-fold this struggle will re-
double. The danger of war is rapidly ncreas-
ing in the Far East