The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1931-12-17
! 1000 ~ .--. III. s5-lsE. e..s l7
Ak,~.A
Wanted: A Soviet Crisis

/, W dIlCed: A Soviet CrISlS
Well folks we see as how Mr. Under Scratchs
.etary Mills of Uber-scratcaetary Mellon ana
nounced ON all last Tuesdays front pages thsb
MORATORIUM AvERTEDs DISASTER"
1t is also added that:--"H Hoover Action Pre-
vented World Crash
That's kinda nice, amt itP We read it in the
N, Y. Post of Dec Is
Then we looked up what the Sun" said Ana
what do you think it said? This is how It started
OIL IN an article by the Financial Editor:
After spending another morning of listening
10 runlors calculated to make creep the flesh OF
security holders, Wall Street took breath OF
lresh air" We just glanced down the thing and
saw; Bonds We're backward and lost ground
A mild wave of bank failures "A sharp drop
N Dutch guilders-..-. German marks easier. :.
Canadian dollars sank further, but ven raIs
lied. :" re-.
Ho, hum Let's look at the World-relegran.
First off there is the Rock of Ages U, S. Steel.
which all the capitalist experts" said year ago
simply couldn't go below I50'-and darned il
we don't read:
United States Steel Dropped Below 49,"
men, further along, more about those CHASTITY
runners: ~ a1
wall Street was a gloomy place throughout
the entire session. All sorts of dire predictions
were being made, and rumors were flying thick
ana last. The weakness in bonds of late has
mad great deal to do with the strange feeling
III the stomachs of SO many people in the finan-
cial district
Another headline: "23 Nations off Gold Stand
ard, Review Shows" And, on page two, william
Phllp Slmnls, foreign editor, says in summing
UP things: t...5.e,p 4,g -
IAN entire world, more than half Of which
is In, or bordering or, revolution or war, the
rest being in state of nervous uncertainty of
what may happep.. f.-
NOW, folks isn't 1t lovely that Under Scratch-
etary Mills assures everybody that Mora
forum Averted Disaster and that we can feel
relieved because Hoover Action Prevented World
Crash?"
Roger Babson, the great economist. said
about five months and twenty-nine DAYS ago
that he would Stake his reputation" on pros
perity's return within six months" Well, how
much do you think his reputation would bring
on the dog-meat market?
What's needed and needed BADLY, is some
sort OF a ruction in the Soviet Union. Can't
SOMEBODY scare up Soviet CrisisP" Here
Hoover declared couple of months ago that the
Soviet was in northumberland all that ham
pens is that .. S. government bonds have gone
down to IS cents on the dollar! HELPS bells.
But the N. Y, Post has it! Send out reporters
to interview somebody who has been in Soviet
Russia and don't like the bathtub shortage and
oiiO toSh "a C4edii pulIS. An, ma! discovered!
A Mr. Chester F. Appleton is found who finds
nothing about American industry "deceivings'
American workers, but declares with glee that
"Amtorg deceiyes Americans when employing
then1'-e~~ r @ '
Appleton is the boy! He says that the auto
factories being built by the Reds shave no mar
ket to absorb their full production" Funny,
amt 1t? Then he says Soviet officials offer
prizes to workmen who would not work. stin
funnier! For we have been told they were
forced to labor!
And then the climax; which the Post editor
put into the headline; Soviet Fall Near, q. 8.
Engineer Says"
!. THAT, of course, makes us forget that In the
same day on which Under Scratchetary Mills
assures" us that: Moratorium Averted Dsas-
ter" the same Mr.. Mills made spooch, which
the N. Y. Times Of Dec. Is tells about this way;
Mr.. Mills opened his address with review
OF the governments fiscal situation, pointing to
combined deficit of $4,4oo,o 100000 by the end
of 1888"