The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1935-02-06
If Roosevelt Is Upheld
More Imitation
Will Follow


and undermining the basic, hoary
rules Of capitalist robbery. 1t is true
the immediate practical effect of
whichever opinion gets a majority
vote will be different. And that is
the question that will be known
only when four or more of the
other judges vote for either Hughes
or Van Devanter's way Of expressing
the decision.
Panic
Should the gold clause be upheld
without any frills, the result will be
immediate panic. But the Roose-
welt government is ready to pass
legislation Immediately to fix the
matter up, and to adjust it's usual
policy Of initiation, Of robbing the
toilers to attempt to pull capitalism
out Of the crisis.
If the Roosevelt legislation is
upheld, it will facilitate further in
flation.
The most likely outcome is an
attempt to reconcile the contradic-
tions, first, by unfolding the Roose-
welt regimes legislation which has
been so beneficial to Wall Street,
and second, to maintain the gold
clause with notifications.
This would be done by pointing
out the emergency situations; hold
ing out the hope of recovery Of
capitalism, with the re-emergence
Of the validity of gold clause con-
tracts at some future date.
Those sections of finance capital
who stand to gain by clear af-
firmation of the gold clause deci-
sion, and those who fear rapid in
flstion, frankly welcome a panic.
For example, a leading article in
the Wall Street sheet, The Annal-
ist,' Of Jan. IS, says:
However, to dwell on the as
sumption for a moment, a panic
might not be 50 bad thing as 1t
has been painted by the Attorney
General. They are awful to con-
template If they lie ahead, but no
one staggers at the thought of one
which has passed, and it is char
acteristic Of all panics that they
do pass. The country ought to
know for it has had to pat up
with five of them in the last four
years. Some say the period has
been one of continuous panic"
New Mass Unemployment
What difference does it make to
these gentlemen if several million
workers lose their jobs? They be-
lieve that they, the big capitalists,
knowing in advance the decision,
will be able to weather the storm
at the cost of the smaller capital
lists, and most particularly at the
expenses of the poorer sections of
the population. No matter what
their decision will be, it will be ex-
plotted by the big Wall Street banks
and stock spectators for their own
interest at the cost Of the masses.
In the event the gold clause is
voided or pushed into back seat,
with Roosevelt's legislation upheld,
what then will be the effect on the
workers?
The Roosevelt regime will use it
to the full for demagogic purposes,
to show the new era" in the legis-
lion. 1t will have a weapon to
speed up initiation, to go ahead with
its ever-increasing fascist measures,
with the dictatorial concentration
Of power in the hands of the
executive, with its fake social in
surance schemes.
This case in the U. S. Supreme
Court serves above all to bring to
the workers the fact that despite
all ballyhoo and demagoguery, the
crisis of capitalism in every phase
continues and creates new, funda-
mental contradictions for the system
Of plumber of the toiling masses.
No court decision can cure or help
to solve this crisis. 1t is only a
AAANUUSA VI o0JuQVlAAB GllS IulcS W
help this or that capitalist group as
aga Nst the other. For the great
masses of impoverished workers
poor and middle farmers, and the
middle class, the burdens of the
crisis will mount every day.
The toiling masses are beginning
to see through the New Deal, are
more and more entering into strike
struggles against the MIRA. They
are more and more beginning to
realize that only by struggle on the
basis Of the united front Of the
working class can they beat back
the new attacks Of the Roosevelt re-
gime. They are beginning to real
ize that ultimately only by over
throwing capitalism and establish
ing workers rule can they save
themselves from panic, hunger, wal
and fascism.