The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-10-26
ROOSeVeIt>>SerVant Of the
Banks

WHAT a spectacle is now going on IN
w Washington at the Bankers Conven-
toni
Here right before our eyes, Roosevelt,
the smiling friend of the forgotten man"
presses himself to the bosom of the most powerful,
most ruthless capitalist exploters in the country,
the capitalists, the Wall Street money lords This
speech of Roosevelt was discreeiy kept off the radio,
so different from the hypocrisy of the "freside"
speeches.
With what hypocriticaI sobber does newspaper
like the New York Post cry in screaming head
lines. Bankers Bow to Roosevelt"
Every economic fact every action of Roosevelt,
every single government report, every bank state
nent revealing growing profits, cries to high heaven
that it is Roosevelt who has bowed to the bankers,
that it is Roosevelt who has placed the entire gov
eminent machinery at the full disposal of the Wall
Street monopoles and the banks who control them.
WHAT did Roosevelt tell these assembled Wall
" Street financial plunderers?
He told them that their blood-stained profits are
the reward of hard labor of mind and hand That
is the profit system"
But this profit system" has brought starvation,
unemployment rum and the curse of perpetual in
security to the vast majority of the people Of the
country.
What has the labor of mind and hand" brought
to the vast majority of the people of the country?
It has brought unemployment to 100000, starva-
ton wages to many millions more and evictons,
foreclosures and pauperism to the millions OF small
farmers whose labor of lifetime has been wiped
out by the mortgage sharks and the banks.
The profit system" brings wealth only to those
parasites who own and control the countrys eco
nomic life to the employers landlords, and bankers
To the rest it brings life of misery.
ROOSEVELT told the bankers he would protect
II their foreign investments and their mperialist
ambitions He pledged that he would work for
sterilization in international prices as quickly as
possible" This means that Roosevelt will continue
to naneuver against British Imperialism in the in
terests of Wall Street.
Roosevelt soothed the bankers on the necessity
of feeding the jobless and promised ferventy that
t,e government would cut down relief expenses as
quickly and ruthlessly as possible. e.. think
that we should all proceed with the expectation
that the revival of business activity will steadily
reduce this BURDEN Roosevelt promised the bankers
Roosevelt boosted that he had restored the con-
fdence of the people in the banks" during the
March 1888 bank crisis, pretending that he acted
in the peoples interest during the bank crisis.
But he forgot to mention that this process robbed
millions of workers, small farmers, and lower middle
class elements of than two and half billion
dollars in deposits, and helped the biggest Wall
street banks 10 gObDle up more imam l,VOU OF the
smaller banks further concentrating their control!
DOOSEVELTS speech should make it clear to
IL every hungry worker, every evicted worker and
farmer, every exploited worker in the factories
every mortgage ridden, impoverished farmer that
Roosevelt and his government capitalist, bank
ers government, government whose sole function
is to protect the profits and investments of the cap
taliSt parasites.
1t is the Communist Party which boldly pro-
claims that this capitalist New Deal" must CO. that
the whole profit system must be abolished by the
revolutionary action of the working class.
In the elections the working class and impover-
ished farmers should register their hatred and oppo
sition to the whole Roosevelt-Wau Street regime
and proclaim their determination to fight for the
immediate welfare of the and the final over
throw of the whole hideous profit system. Vote
for the revolutionary Party of the working class
the Communist Party!