The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-07-12

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Churchill, former chancellor Of the
exchequer,
Participating in the debate in the
house of commons on the World Eco
nome Conference, Churchill in words
praised President Roosevelt for his
stand on the raising of wholesale
prices and said that Britain would
follow the same policy.
Peace Talk to Conceal War.
Since the inflationary program of
the Roosevelt administration, by
beating down the dollar as compared
to the British pound sterling, takes
away the advantages gainad by
Britain in the world market when it
deprecated its currency, the Church
i'll proposal to follow Roosevelt"
means war upon the Roosevelt pro-
gram
Churchills speech followed that of
Neville Chamberlain. who is now
chancellor of the exchequer Cham
berlain also praised the Roosevelt
policy of raising prices" and in
Guided in such action the British do
minions. Thus both Britain and the
domlnions, Canada, Australia and
South Africa, are to boost prices
which can be most easily done thru
further initiation Their talk Of
agreement with the Roosevelt policy
is only talk of economic peace to con-
ceal the trade and tariff war that
has been intensified by the agrees
sion of the United States when it
adopted a policy that led TO the
wrecking of the London conference.
War on Workers at Home.
For the British workers the
speeches of Churchill and Chamber
lain mean higher prices for the
necessaries of life-again following
the Roosevelt policy of attacking the
American workers, forcing higher
monopoly prices on the home market
Al order to throw SURPRISES on the
world market at dumping prices.
Both British and American workers
trade and tariff war between the two
big imperialist powers in lowering
of real wages through initiation.
Cut Down Food Production.
Chamberlain said that depreciation
Of currency was not the only method
OF raising prices: he favors agree
ments to cut down acreage in wheat
and cotton production. Thus while
the workers face starvation because
they cannot buy bread and wear rags
because they cannot buy clothing,
the governments take steps to cut
down production OF food and cloth
ing so they can get higher prices on
the enormous stores they now hold
from the masses.
b. viii Not Resume Gold.
II % made clear by all British
spokesIc in parliament that under
no circumstances could Britain be
expected to attempt to return to
gold in the present situation. This
rev stage of the trade war between
Britain and the United States will
certainly force France and the other
gold countries to abandon their gold
standards and engage in the world
wide trade and tariff struggle.
The World Economic Conference
itself entered its final stage today
and no longer pretends to be among
living things. For weeks in state
of paralysis, it has now disintegrated
into committees that will carry on
discussions, but have no power or
authority to reach any conclusion ex-
cept to quit cold.
There was subcommittee on
timber production agreements that
decided TO adjourn because of fail
IRE to accomplish anything Efforts
are being made to continue talk of
silver and wheat agreements, but
any of these will be made between
individual countries.
The monetary commission has
agreed to discuss the question Of sin
debtedness" but since war debts are
barred from discussion nothing can
be expected from that source
Soviet Delegation Opposes Tariffs.
The only concrete proposal made
today was that of the Soviet delega-
tion which reminded the monetary
commission that one of its avowed
objects is to increase exports, and
asked the nations to make offers TO
buy goods and to abandon the tariff
restrictions upon shipments of goods.
The Soviet delegation stated that
there we're increasing possibilities,
under certain conditions for sales
inside the borders of the U. S. S. r.
The Soviet delegation again insisted
upon pact for economic non-ag-
gression before formal adjournment.
Gold Countries Want Tariffs.
AS against the Soviet proposal the
gold countries, particularly France
and Sweden, are anxious for formal
adjournment of the conference, so
they can proceed to raise high tariff
barriers against products from the
United States and other countries
on dumping programs
At the opening Of the conference
there was declared tariff truce"
for the period OF the conference, dur
ms which time no new tariff meas
tres would be invoked Formal adj
iournment Of the conference will be
marked By the raising of higher
tariff walls, -