The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1932-11-15
US. SEEKS GRAB
OF TRADE, LAND
FOR WAR DEBTS
Hoover Outlines Boss
Policy to His
Successor

| lions subcommittee Of a proposal
that Great Britain turn over to the
United States a huge slice Of Cana
dian territory In payment Of her war
debts to the Washington government.
The proposal was made by Peter G.
Ten Eyck, president of the New York
State Waterways Association. 1t
includes "all the land east and south
of the st. Lawrence River from the
Great Lakes to the Atlantic" SIM
liar proposals have been made in the
past looking to American possession
of the strategic islands of the Carib-
bean.
Look to Next War.
Ten Eyck made it clear that he
considered American imperialism
would be hampered Gin the event of
war" by British control of most OF
the st. Lawrence waterways. He
made the usual imperialist attempt
to conceal from the masses the sharp
ening struggle between American and
British imperialism for markets,
which is already finding expression
in armed conflicts between their pup
pet governments in South America.
He carefully refrained from directly
naming Britain as an object OF
American war preparations, stating
instead that in event of war between
Great Britain and any country on
friendly terms with the United
States or war between the United
States and an ally of Great Britain,
this country would not be permitted
| to utilize the st. Lawrence waterway.
No Let Up In Crisis.s
The government made public yes
terday the British and French notes
proposing revision of the inter-gov-
ernmentaI war debts. Both notes ad-
nit that the world crisis of capital
ism is deepening and stress the ur-
gency for some sore of immediate &C
ton. The British note declares the
Hoover moratorium year to have been
a flop, stating that "the hopes which
were early raised by the Presidents
initiative have unfortunately not
been realized, and the economic
troubles which it was designed to
alleviate have not come to an end
Despite this clear admission Of the
complete failure Of Hoover's mora
forum to halt the repidly developing
economic collapse of capitalism
Hoover in an open letter to Presi-
dent-elect Roosevelt INDUCES his now
well-known genius for economic fic-
ton, and adds for good measure the
shameless lie that disarmament" Is
making progress-in the face of ire
futable proof that the imperialists
are more frantically arming than
ever. He states:
1.-THE moratorium which I pro-
posed a year ago in June-that is
the years postponement Of inter
governmental debts and the spread
of the deferred payment over ten
years-was approved by Congress. II
served great purpose in staying de-
struction in every direction and CIV
ing to Europe a year in which to
realize and so modify their attitude
on solely European questions as to
support their credit structure from a
great deal Of further destruction
They have made very substantial
progress during that year in finan-
cial readjustments among them
selves and toward armament reduc-
tion."
Republican Democrat Move.
In his letter to Roosevelt, Hoover
! lays down the imperialist policy
which his successor Is to follow. It
is on the basis of this imperialist
policy, with its war and hunger Of
fenSive against the toiling American
masses, that the republican and
democratic parties are building a
united front looking toward ma
tional" government. He declares
against the attempts of the French
government to link up the loss OF
German PREPARATIONS, through the
iron resistance of the German masses
to the robber Versailles pact, with
the question Of the war debts. He
states that he is opposed to cancel
laton in any form" of the war debts
due the Wall Street Government, but
is receptive to proposals from our
debtors of tangible compensation in
other forms than direct payment in
expansion of markets for the prod
ucts Of our labor and our farms"
For Grabbing New Territories.
American imperialism is thus de-
manding the lowering OF tariff bar
riers by other countries at the same
time that 1t continues to build higher
its tariff barriers against its I'M
perialist rivals. 1t also demands that
its debtors surrender territory de-
sired by the United States as seen
both in Hoover's statement and the
various proposals for the handing
over of Canadian territory and the
British and French West Indian
| islands.
This line is again brought forward
sharply in the proposals Of the Com
mittee for the Consideration of Inter
governmental Debts, committee
composed of 81 bankers and indus
trialists, including a window dressing
of labor misleaders from the A. F. OF
L. bureaucracy. The committee Is
headed by Alfred P. Sloan, Jr., presi-
dent of the General Motors Corpora
tion.- The committee proposes q
study" of the war debts, but rejects
In advance complete cancellation as
not a practical political possibility
At the same time 1t admits the i'm
probability Of the United States ever
being able to collect the present
debts.
THE struggle against militarism