The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1931-07-17

fused to grant all these demands
and Luther returned to Berlin.
Withdrawals at the banks increas-
ed. Luther was then sent to Basic,
Switzerland to meet with the Bank
of international settlement, where
he begged for money. He did not
get any but did get an extension.
Then Germany closed her banks.
Stock Exchange Closed
The stock exchange of Paris
broke in a panic Tuesday. This
frightened the French capitalists
so badly that they insisted that
the French government compromise
with Germany. Secretary of State
Simpson and Secretary Mellon of
the United States and their aides
called to Paris for further confer
ence. Ramsey Macdonald and Ar
thur Henderson, the British prime
minister and minister of foreign
affairs hurried to Paris where they
held a conference. Chancellor
Bruening and Foreign Minister
TCurtius of Germany expected to be
called to the conference but were
not. The British ministers were
to go to Berlin but cancelled the
trips when riots broke out in Ger.
many Wednesday night. Another
conference has been arranged fol
London to occur in a few days.
Germany made her PREPARATION
payment to the international Set
tlement Bank Wednesday.
80. War on Reds :
Won Hindenburg and Brueninl
are ruling by administrative de
crees. They have proclaimed TIL
rules and penalties governing bank
ing. They have placed German!
under martial law and have seiz
ed the communist headquarters il
Berlin and the red newspapers ant
have taken steps 10 prevent tn
raising Of the communists, the fea
of which caused the flight Of tn
: capitalists with their capital fror
Germany. The Social-DemocraGt
Germany. The socialist govern
Of England and the social-demo
= Gratis of Germany are collaboratin
! with the capitalists to save Ger
many and Europe from bolshevisn
the actual realization of socialism
This is one Of the grim and unbC
lievable developments Of history.
II Capitalists Cans Agree
However, the European govern
ments and capitalists do not see
to be able to come to an unde
standing and probably will not b
Capitalist Europe desires to for
a united front against Russia ar
France demands the leadershi
: Neither England nor the Unite
! States can agree to this and Il
conferences continue. In the mes,
time the international collapse
capitalism progresses apace al
forces the situation.
II The moratorium proposal
President Hoover seems to ha'
completely failed of realizatio
}" In this he proposed that II the {
= lied powers would grant German
y a. moratorium in the payments
- reparation payments that {
United States would grant {
passin9 Of the payment on the W
debts m the United States II 81
~ seems that the financial conditio
have become so involved in {
United States that It is = uuesti
Of whether the American capiti
lists can come 30 Germany's resc
in the crisis. Americans now ha
two billiSns IF dollars invested
Germany which looks like q co
- plete loss.
I Calm Thursday
\ When the banks onened Thu
dav there appeared TO be perf,
calm thruout Germany and bu
a hess was being done in an urde
manner However. the calm Is Il
to be the calm before the storm.
Conditions WOrsen
The Germany government Is n
dictatorship with Won Hind,
BURG at the helm with Brueni
as his minister. Nothing has b
q done to relieve conditions Of
masses. The taxes laid must
collected and the doles reduc
n There are B or 6 millions une
ployed which number increa
constantly and win increase m