The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1932-06-01
The Seizure of the Communist
International" Magazine and the
Struggle Against ImperialistWar

Hoover having the actual control OF billions OF
dollars of new financing.
This is now almost duplicate of the War
Finance Corporation of the World War period
it is already assuming powers beyond anything
ever delegated to any official semi-OfficiAl
body except In war time.
The domination of finance capital IN its most
concrete form is expressed in the composition
of this group of dictators.
Who They Are.
They operate in the innernost circle Of Wall
Street Every one of them Is an executive in a
corporation of bank dominated by Morgan or
by Rockefeller representing common ground
in which both Morgan and Rockefeller groups
are active. The Morgan men in the
jority.
Owen D. Young engineered the last attempt to
wiring reparations payments out of the German
workers He runs a strictly non-union corpora
ton, the General Electric Co., with Speed-up
system that rivals anything Of its kind in this
country.
Floyd L. Carlisle is a young man from up
state New York who was getting such good
thing out of the public utilities that the Morgan
utility crowd annexed him. He is now head Of
the Consolidated Gas Company OF New York.
which owns all the gas and electric operations
in New York, Queens and Westchester, and the
electric company in Brooklyn.
Walter S. Clifford is the head Of the American
Telephone and Telegraph Company, which was
discharging some $4,000 workers and cut wages
of the others, while Clifford was heading Hoover's
fake committee for unemployment relief.
William c. Potter, jackson z. Reynolds and
A. A. Tilney are the heads Of the three banks
most clearly dominated by Morgan & Co. ASH.
Alfred P. Sloan, Jr., is the president Of the
ruthleSsly anti-labor General Motors Corp in
which Morgan shares control with the DUPONT
family.
Clarence M WooIey, Of American Radiator, is
generally known as Morgan lieutenant.
Mortimer N. Buckner Of the New York Trust
Co., and Charles E. Mitchell, Of the National
City Bank represent banks In which Morgan
and Rockefeller are both actively interested.
Walter C. TeagIe, president Of the Standard Oil
Company of New Jersey, is the one big Rookie
Teller Gil man who has played In with Defending
of Royal misunderstanding enemy of the Soviet
Union.
Albert H. Wiggin is head Of the Rockefeller
dominated Chase National Bank. He was one
of the first bankers to pass out the order for o
general wage-cutting drive.
Socialist Party Cooperation.
The cooperation Of the Socialist Party in the
peace offensive" OF American imperialism, side
by side with which go such powerful dictatorial
combinations as the above, is major menace to
working-class solidarity and struggle against i'm
perialst war. '"The struggle for peace Of social
democracy" says the leading article In the sup
pressed issue Of the Communist international.
"iS pacifst smoke which Is used to coun.
teract the vigilance Of the masses, to demorslixe
them and thus facilitate the opening Of war
hostilities."
A shining example of this Is contained in the
speech Of Norman Thomas, accepting the Social
ist Party nomination in Milwaukee. Speaking
of Hoover, he said:
"In an important sort Of way he desires peace.
E. with great war all too likely in the Far
East he stubbornly refuses to recognize Russia,
so that, by our one-sided recognition Of only one
of the probable belligerents, Japan we shall be
tied to it and to its mad imperialism in peril
GUS and unwanted alliance" (Our emphass)
Socialist Party Effrontery.
Would anyone but a socialist say that Hoover
desires peace?" Did not Hoover say, and does
not Norman Thomas know that Hoover said TO
Benjamin Marsh of the Peoples Legislative Coun-
Gil, and has never denied 1t, that "the ambition
of his life was to crush Soviet Russian" Would
the recognition of Russia, now respectable
demand even in certain American capitalist
circles (the Scripps-Mcrae newspaper chain,
etc., solve the fundamental antagonism be-
tween the country of the proletsrian revolution
and the foremost imperialist country In the
world2
The suppression Of the isS>Ss Of the "Com-
nlaticaly the fear Of the imperiaIsts before
anti-war literature. The circulation Of anti-war
propaganda and agitation literature must be
doubled. Greater clarity on the war situation
is indispensable in the mobilization Of the masses
for revolutionary struggles against imperialist
wars.
In preparation for August /, the July issue Of
the Communist will be special anti-war ISSUE
(Second Article ConfiDal