The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-07-26
On the
World Front
BY HARRY CANNES
MOrgan's Financing
Nazis and Japan
Against the U. S. S. R.

me ARE able, with the helm
" of the China Weekly Re.
view, to delve into the deal
ings of j. P. Morgan & Co.
with the japanese government
in the war preparations
against the Soviet Union. The
Wall Street press has already pub
Ished the fact that J. P. Morgan
& Co. is striving to bolster up the
Nazi regime, and thereby save
hundreds of millions of dollars Of
investment at the cost of whole
sale SlaughterS of the German
workers We also know of the
japanese imperialist- Hitler link in
the war plans from East and West
against the Soviet Union.
The China Weekly Review points
out that from the very beginning
of the Japanese invasion of Man
churia (as we'll as in the present
war preparations against the U. S.
S. r., J. P. Morgan & Co. have
been financing the war plans Of
Japanese imperialism. AS far back
as 1929, j. P. Morgan & Co. were
openly planning a considerable
loan to the Japanese governments
controlled South Manchurian Rails
way. When this was blocked, the
loan was made ostensibly for the
purpose of industrial development
in Formosa," but the money was
actually used for the invasion Of
Manchuria and for war prepara-
tons against the Soviet Union.
EtTHAT Morgan & Co. is heavily
L involved financially in Japan
explains the report in the Japanese
newspapers that Thomas w.
Lamont (partner in the Morgan
firm was a supporter of the Jap-
anese 'hands-off' declaration"
The China Weekly Review, which
itself is the expression of the in
terestS Of American Imperialism in
China, charges that j. P. Morgan
g. Co. helped Japanese imperialism
in its April II declaration of a
China Monroe Doctrine for Japan,
warning all other imperialist pow
ers to keep their hands-or rather
their dollars-out of China. In
other words, the contradictions
within the various imperialist
groups in the United States have
become SO sharp they begin to re-
veal one another's crooked deals.
HERE we see again that the main
IL contradiction, that of all tho
imperialist powers against the So
Wet Union, becomes the centrifugal
force, no matter how bitter the
various r-imperialist conflicts
may be. j. p Morgan & Com
pany's main efforts today are con-
centrated in channels driving to
war against the Soviet Union.
Morgan & Co. was responsible for
floating more than $1,000,000,000
in German bonds and other securi-
ties, and now to save these bonds,
and to further the interests of the
General Motors Corporation, and its
various aviation companies, who
are arming Fascist Germany for
Hitlers war plans against the So
Wet Union, this Wall Street cole
ossus is securing the world to mos
Billie international financial sup~
port for German capitalism to
stave off the proletarian revolution.
On the other hand, despite thA
conflicts of American capitalist in%
terests with Japan in the Pacific,
j. P. Morgan & Company's main
efforts are to help Japan maintain
its plumber in Manchuria and to
speed its plots for invasion of the
Soviet Union.
IN fact, the China Weekly Review
L sees in Morgan e. Company'a
dealings with Japanese imperialA
ism in Manoluria situation cons
parable to Well Streets heavy ins
vestments on the side of the allies
IN the last imperialist slaughter
This well-informed imperialist sheet
writes:
There is an element in this sits
uation which is reminiscent of cons
ditions prior to Americas entrances
into the World War when it was
shown that Morgan loans to Britain
had much to do in dragging
America into the conflict"
Morgan's loans to Japan and
Fascist Germany are linking Wall
Street to the anti-Soviet war front.
When Hiroshi Saito, Japanese
Ambassador to Washington (whd
has now returned to Tokio), was
in the United States his chief deal-
ings were not with the State De-
partment, but with the power be~
hind the throne, j. P. Morgan
& Co. He had repeated conversa- .
lions with Thomas w. lamont.
leading partner Of the Morgan
firm.
WTE can be sure the main topics OF
W discussion were first the neces-
sity of an imperialist united front
to attempt to destroy the Chinese
Soviets; second, the question of the
Soviet Union, and the unity of inn
perialist interests from the Fascist
butchers in Germany, to the jap
anese war lords, in destroying the
Soviet Union If world capitalism
is to be saved
In fact Saito returned to Japan
and announced quite openly that
j. P. Morgan & Co. was squarely
behind japanese imperialism in its
plans in China and in Manchuria.
The Osaka Mainichi, reporting on
Saito's conversations with the Nor