The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1931-09-24
LABOR" PARTY
IN SUPPORT
OF FASCISM
CONTINUED FROM PAGE oNEI


manded initiation at lecture last
night at the Leasing Hochschule.
AS a result of the British crash
the Ruhr mine owners have broken
their wage negotiations indefinitely
declaring that the depreciation of
British currency gives rise to fear
of more intense British coal export
and that the present wage cut de-
mands are insufficient to meet the
increased competition. Industrialist
circles are greatly tempted by the
prospect of a reduction in real
wages, a depreciation of their debts
and the possibility of dumping
cheap goods on the world market
as a result of the gold standard
abandonment.
Official figures show that unem-
ployment in Germany on the fif-
teenth of the month was 4,S24,O00,
representing an increase of 100000
since August 81. The general level
of unemployment was 100000
higher than last year.
AS the financial crisis in Great
Britain continues, the program of the
National government under the lead
ership of the socialist" Macdonald
is for the rapid fascination of the
state apparatus to crush the masses
into passive acceptance Of the cuts
in their standard of living which will
follow on the suspension of the gold
standard by the British government
In this program the socialist" Mac
Donald will be aided to the fullest
extent by the sham opposition" I'M
der the leadership of Henderson. In
fact. they have paved the way for the
introduction of fascism in England.
The National government is forcing
through the House of Commons all
of its bills relating to finance, its
economy" program, by prohibiting
any debate on them.
Just as the socialists in the La
Dor government we're the instigators
of the cuts in the dole and of the
cuts in the wages of the state en-
ployees, including the sailors, so is
the socialist, opposition in full
agreement with the forcing through
of all of the government measures
e. I'D
Certain elements in the Labor
Party however realize that under
such circumstances the Labor Party
has become seriously compromised in
the eyes of the British workers who
are learning that the opposition diff
fers not at all practically from the
wage cutting program of the Mac
Donald government. These elements
emphasize this the more since they
feel that the attempt of Henderson
to, make an agreement with Mac
Donald for no even apparent oppo-
sition is going too far and that the
position of the Labor Party with the
masses will be weakened greatly by
such open betrayal.
Left Wing Opposes" Henderson
Within the Labor Party the cleft
wing" has started an attack on Hen
derson, it's new leader, for his at
tempt at an agreement with Mac
Donald. The cleft wing" demands
that some show of opposition should
be made in order to fool the workers
further.
The wholesale prices of conlmodi-
ties have already risen in London as
result of the suspension OF the gold
standard. While retail prices have
not risen yet the government has
threatened to curb any rise in prices.
These threats of government inter
vention are made not with the in
tention of curbing the rise in the
prices of commodities but in order to
pave the way for fascist methods
against the workers when they strug-
gle against the hunger program OF
the government. In the use Of these
fascist methods the opposition Is
in full agreement with the govern
ment although the cleft wingers" de-
mand that Henderson make some
pretense at conflict with the official
policy of the government.
France Buys Gold.
The endeavor of the various for
eign powers to protect themselves,
particularly France, was made eN-
dent on Tuesday when they pur-
chased in the United States over
s11e.ooo,0o0 of gold from the Federal
Reserve Banks The major part OF
these purchases was for the account
of the Bank of France and is for the
nurpose of what Is called in banking
circles window dressing" The Bank
of France has been heavily involved
in the decline Of the pound sterling
and is endeavoring to maintain con-
fidence by the acquisition OF addi-
tional amounts of gold preparatory
to the next public report OF the
Banks condition. The seriousness OF
this action by the Bank Of France
can be seen from the fact that they
have sold interest bearing CONNER
cial paper to buy gold which will not
bring them a cent of interest.
Initiation In the Offing.
1t is expected in London that the
SUSPENSION of the gold standard by
Great Britain will be followed by its
r,,srerc;on IN other countries. They