The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-04-16
Dollars-Not Democracy At Stake

American indusralss and capitalists disturbed
five hundred millions of dollars worth by the possibility
eftst victory Italy the coming election there All of this
fine talk about being test between democracy
nism all window dressing the part of the United
reason course the omnous possibility that
eft victory would bring about naturalization of important
industries and destruction monopoes now existing in
which American capital interested to the tune of about half
billion dollars
There is no evidence of any interference by any outside
the election in Italy, except by the United
using threats of stopping financial Italy if
and likely carrying on other question
able presures their defeat
protection of the profit of the existing monopoes the
Catholic Church and the Italian nobility which are the major
land and would suffer financial losses
OF eftst victory with the ensuing land reform which
major part of the of those parties This
would break up the huge holdings redisrbute
to the people who cultivate and produce.
The American financial stake in Italy established in
1925 and 1927 when loan of hundred million
the Mussolini regime by Morgan Company and
Dillon Reed and Company and naturally enough these fl
establishments enjoyed the the govern
ment However nineythree and half million dollars of
the loan and other investments remained unpaid when Musso
n carried Italy the This hurt the feelings
bankers and ndustrasts of them in the army and
others key positions the State department and they began
to get busy to arrange to collect
than possible that Premier Gasperi his
position to pressure of American financial groups AT any
Gasperi United
loan of hundred millions from the Exportmport Bank
one of the conditions surrounding approval of the loan was
repayment of the made the
ni regime And not only did he have to guarantee
the loan from 1910 total of hundred tytwo mion
dollars.
American capital can see direct threat to all of it's money
Italy, should the less gain complete victory in
coming election Moreover they concerned
with possible increase in the eft vote which might
compel coalition government with strong faction opposed
to monopoly capitalism. Of the United States men
tons only Communists, but the eft-wing bloc composed
eight political parties and 80 organizations The
Communists Socialists the strongest of the eight
1t expected that this eftwing bloc much
40 of the which held quite possible there
way in which coalition government be avoided and
that worries for the American capitalists
The former fascist elements the drivers seat Italy
under the regime which ardenty supporting
The anfascists in 1929 declared eve will
ognze the and bond issues foated for the of
expressing the people, This the American capitalists
member with fear
Of course should left-wing any gains
the the American capitalists will feel And the
taxpayers will the burden and he is certainly
a complacent bearer
We have publczed BEFORE Forrestals power in gov
and without doubt his influence has carried and is
carrying tremendous weight in the attitude of the United States
toward the coming Italian election While this former presi
dent of Dillon Read and Company supposed to have
his connections with this international banking firm
his sympathies with clearly evident his attitude toward
Arabs oil holdings This institution BARLEY
c. member of the American Inquiry Com
mtee said March TO- Dillon Read has been to it's
in oil'.
(Noe: Credit for the detailed information in this article
George Seldes I'm FACT" This weekly publishing
obanable elsewhere So year The
address is $50 Lafayette Street, New York 12 N "
H. S. BRUCE