The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1932-12-14
u. s. D E M A N D S
TRADE FOR DEBTS
Britain Insists on Own
Terms
BULLETIN

The Belgian Cabinet voted unan-
imOusly yesterday to reject the U.
S. demands for payment of the
war debt instalment due on Dee.
Is. The Cabinet then submitted
its resignation in move to force
a confidence vote in parliament.
Paris dispatches report the
threatened fall of the Herriot Cab
met as resistance grows to BerriOt's
proposals TO meet the December
Is debt payment on conditions sim
liar to those laid down by Great
Britain.
WASHINGTON, Dec. 13.-The ter
rifle sharpening of the struggle over
the war debts was marked by a rapid
exchange of notes between Washing
ton and London during the past 48
hours. The latest U. S. note to the
British government bluntly rejects
the British proposals that the Dec.
Is payment apply to future possible
revision of the debts and not as a
resumption of payments under the
present arrangements. The Wall
Street government maintains its
position that its imperialist rivals
must make concessions in trade and
colonies before it will discuss revision
of the debts.
U. S. Bosses for Trade Grabs.
This position is made clear in a
statement sent out by the Chamber
of Commerce of the U. S. A. to it's
member organizations. The state
ment declares any modification of
the existing debt agreement should
be conditional upon definite provi-
sions for such treatment of our trade
by the debtor country as will assure
access of American goods to its
markets on fair competitive terms"
U. S. imperialism is thus demanding
that the debtor countries annul their
tariff reprisals against the high U. S.
tariff. The Chamber of Commerce
also demands arms reduction by the
debtor countries in favor of U. S. i'm
'perialism which, togther with its
huge armament construction, would
thus further strengthen the position
OF Wall Street imperialism against
its rivals.
Anglo-U. S. Friction Deepens.
Meanwhile, the British government
in a new note declares it will only
pay the Dec. is installment of $685.
$4,000 on its own terms, as part OF
a final settlement in future debt
negotiations, despite rejection of that
reservation by Washington. The de.
mand for outright default is grow
ing in Britain, however, and parlia-
ment is insisting that the question
be thrown open to debate before any
final decision is made.
Herriot Attacks Washington.
Opposition to payment of the
Dec. Is installment is growing in
French government circles, despite
the left-handed plea made by Pre-
mier Herriot before the Chamber. OF
Deputies yesterday for payment. or
the same terms laid down by Britain
In his speech, Herriot sharply at
tackled the U. S. government, declar-
ing that the debt tangle and the
deepening of the world economic
crisis of capitalism was due to Hoo.
ver's intervention on German rep
arations payments.
s. Pope Joins Imperialist Band.
The Vatican State yesterday Joined
the United front led by Britain and
France against the U. s., with 6
statement OH the debts by the Pope'S
official newspaper "Osservatore Ro-
nano." The article makes broad
hint to u. S. capitalism that it,:
doom is inextricably tied up with
the progressing collapse of Europear
capitalism. 1t further hints that ths
common objective of world capita
ism FL capitalist solution of tile
crisis cannot be achieved without
"the resurrection of faith among tbs
peoples