The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-05-10
War Debt MdneuVerS

IN THE bitter battle for world markets,
for military supremacy, for colonies,
each of the imperialist powers now plays
it's trump cards. The Roosevelt govern
ment has begun a new offensive to force
the payment of war debts. But the bar
rage of Congressional and Presidential
fireworks over the johnson Bill, declaring those
powers who do not pay war debt installments in
default is the camouhsge that covers the most
intricate maneuvers Of the Wall Street government
to wiring concessions frem its chief imperalis COM
petitors.
The sharpest contradictions brought out in the
war debt discussions is that between the United
States and Great Britain. These two imperialist
robbers are fighting for world financial, commercial
colonial and military supremacy.
At the same time the Roosevelt government
utilities its imperialist debt maneuvers against the
Soviet Union which is the only government in the
world paying all of it's debts. The whole capitalist
world is in default on its debts. Its credit system
is undermined The Soviet Union is not in default
and has met and is meeting all its obligations
While making its main attack against Britain, the
Wall Street government makes flank attack
against the Soviet Union in connection with the
corrupt Kerensky loans.
The Roosevelt government at this very moment
Wnen is
the capitalist robber powers are rushing their arma-
ment building, when the Far East is ablaze with
war maneuvers, utilities the question Of war debts
to weaken it's competitors. 1t utilities the debts
to force market concessions from them It forces
a crisis in the question of international finances
in order to gain advantages for the American bank
ers for the American munitions manufacturers,
for the American expoiters.
The present feverish crisis in war debts is the
thermometer showing the rising danger of war.
1t has reached an extremely dangerous point.
The debts owing to the United States govern
ment amounting to $22,000,000,000, represents one
of the main pieces of plumber that American capt.
talists got out of the last imperialist slaughter
The other imperialist powers have been fighting
against the payments of these debts and the
world capitalist crisis ntensiies, as the struggles
between the powers is aggravated. the war debt
question continues to arise each time in sharper
and more critical form.
THE Roosevelt government is insisting on the pay
ment of the war spoils in order to be able to
subsidize the big American bankers; to speed the
war program, and at the same time cripple its
competitors. 1t wants to use the war debt issue
as a means of forcing tariff agreements favorable
to the American exploiters 1t wants to force war
alliances
Every step Of the Roosevelt government around
war debts is in the interest of finance capital
in the interest of strengthening the enemies of
the American workers, the Wall Street exploiters.
The payment of debts, in whatever form,
to American capitalism will not help the Ameri-
workers farmers.
Through the NRA. and through the AAA,
the Roosevelt government has already increased the
profits of the American bankers and other exploit
ers at the cost of lowering the standard of living
of the American workers. The collection of the
debts, or the advantages that Wall Street hopes
to gain by it's nlaneuvers around them, will aid
the powerful trusts of Morgan Rockefeller Mellon,
give them greater force in smashing down the
wages of the workers and the living standards Of
the farmers, 1t will bring closer, with the
Roosevelt government ready at any moment to
plunge the American workers into world
slaughter to collect its booty of the last imperiaist
war
THE American workers and farmers must demand
the annullment of the debts. Nor is that
alone sufficient, as the liberals in the United States
want the workers to think-that with the cancella-
ton Of war debts comes the millennium, capitalist
prosperity Along with the cancellation of war debts
the American farmers must demand cancellation
Of their mortgage and other debts. The American
toiling masses not interested in whether Wall
Street receives the debts or its pound of flesh
in connection with them. The American workers
and farmers interested in obtaining unemploy-
ment insurance-to come out of the swelling profits
Of the big trusts, the exploiters. The American
workers and farmers interested in fighting
against the huge Roosevelt budget. The World
War veterans are interested in seeing that the
hundreds of millions that Roosevelt can find with
out the slightest difficulty for batteships bombing
planes for the army should go to the vets in back
paw s is pOrlllarly known 'the bonus"
We must demand: Annul the war debts and
the war budget. Adopt the Workers UnempIoy-
ment Insurance Bill (H.R. 1888! Cancel the
crushing debt burden of the American farmers!
Fight against all the maneuvcrs of the Roose-
welt government, matter under what guise they
made!