The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-05-21
GaTHE Hitler government is

- ~ - - . - - AA%SSAAJ ~
catastrophew So declared
Comrade Wilhelm PECK, rep
resentative of the German
Communist Party, last De
cember. His statement is con-
tanned in the brilliant pamphlet:
1--WE are Fighting for a Soviet Ger
many" containing his report to the
18th Plenum of the Communist
International.
That mature judgment of our
German comrade becomes everyday
news now, as the catastrophe Of
German capitalism assumes more
visible proportions.
In the reactionary Herald Tribune
(Aay 49, we read:
THE situation lin Germany Is
loaded with political dynamite, for
a relapse Of the domestic business
boom. causing unemployment fig
ures to rise again, inevitably would
entail far-reaching political conse-
quences.
Some observers believe that the
recent anti-Semitic TRADES Of DR..
Paul Joseph Goebbels, minister Of
propaganda and public enlighten-
ment, and the anti-Jewish campaign
started by 'Angriff' were both in
tended to divert the attention OF
the German masses from the grav-
ity of the economic situation"
A glimpse into the abyss into
which the Nazi madmen are plung-
ing Germany, was afforded the
world recently. In Germany now
there are a group Of bankers from
various countries comforting with
Fascist financiers over questions Of
foreign loan transfers and settle
ment.
WITH all the driving, with all the
W depredations and robbery Of
fascism, the economic crisis in Ger
many speeds ahead with seven
league boots.
To the foreign loan transfer con-
ference the Nazis revealed two sets
of figures that made the whole press
of the capitalist world gasp with
the frightful state of German econ
omy. Those statistics dealt with
foreign trade and gold reserves.
German exports in April fell, as
compared to March, from $15S,608,-
600 to $125, 10000, or q per cent
in one month-at a period when
exports even in crisis years usually
increase. The unfavorahle balance
Of trade against Fascist Germany
is growing.
AS result gold is being drained
out of the country, with total
coverage on note circulation drop
ping nearly to zero. or about 4.S
per cent.
The foreign trade catastrophe,
however, has only begun. The Nazi
embargo on the import of raw ma
terials, such as cotton, wool and
copper, has not made itself felt yet.
Unable to pay for these goods, the
Fascist maniacs enforce a curtail-
ment in the import of raw mater
ialS. which will still further inten-
sify the economic crisis in Germany.
So far as the workers and poor
peasants are concerned, their lot Is
so miserable that the fact has even
reached the liberal magazine Of
New York, the Nation" which, in
its May % issue says:
From the large amount of data
before us, it seems plain that the
standard of living is steadily sink
ing Tin Germany"
WE HAVE already in a previous
w column quoted the editorial
opinion of the leading capitalist
newspapers Of London, Paris, Hol-
land and Denmark Chose closest to
Germany to show that there was
no disagreement among them on
the fact that unrest is stirring
throughout Germany against fas-
cism. We have the Nazis' own
official reports that the Communist
Party Of Germany is functioning
stronger than ever before in its L.
legal existence, that the whole Of
Germany is flooded with Cornn1u-
mist literature.
Again we quote the latest Euro
pean capitalist press opinion which
we have Just received on what IL
astir in Germany:
London Times: "Great atten-
ton was paid in Germany to the
defensive tenor of large parts OF
Hitler's May LIST speech, and to
his repeated attacks against crit
ical and dissatisfied elements
in a country in which there A.
no possibility for open criticism.
An increase of covert complaints
and criticism has been noticeable
during the past few weeks. Dis
illusiOnment and encouragement
have become quite noticeable"
Temps, leading French news
paper: German government cir
cles are beginning to see that n
certain opposition might be in the
stage of formation in Germany,
and they are therefore quite wor-
ried. The many confiscations Of
newspapers during the last few
days are proof of this nervous
ness"
!, Neue Zuercher Zeitung, Swiss
capitalist newspaper: "The critical
attitude Of a certain part of the
people, which careful observation
could discover even in the holi-
day spirit on the day Of national
labor, Is now to be broken by
new action of the Reich ministry
of propaganda. The tremen-
dous sharpening of the punish
ments for propaganda against the
state as well as the appointment
Of the Peoples Court seem TO
show that the regime Is afraid
Of certain difficulties coming from