Minneapolis Pursue Ruinous Policy of Sectarianism and Expulsion Organization Notes Subscribe!
Plans Laid for Systematic Youth Work make mone of the organizational Protest Expulsions WO CLASSES PAGE THE MILITANT SATURDAY, OCTOBER 17, 1931 revolutionists from this workers club cation of the Greek workers and thereby mean? It can mean nothing less than render all possible support to the Com an attempt to split the club. The communist movement and the Communist rades who were expelled were amongst party. The comrades of the Left Opthe founders of the Spartakos club. position intend to support any effort to Comrade Koumonndoureas was the sec belp further build and strengthen the In the center and in our un! ts, plane trial for Morgenstern and Goodman, who retary during the first year of the club. Spartakos club on this basis.
are now taking shape for putting the have been found guilty under the. SediBoth comrades Koumonndourens and The Spartakos club by its constitution second national conference decisions Into tion act, has been postponed until some MINNEAPOLIS. The in Min. fectively take up the Mooney defer Haidous have served on its executive aims to take into its membership and life. The New York branch heard the time in November. The defense commitneapolls has never had a better opportun the height of absurdity.
committee. They have participated loy Greek workers who agree with its ob report of its delegation, peneral political for general distribution in support of mass organization than it has at the pre paign does not seem to enter into the larly in such activities which aimed to under expulsion have worked faithfully line worked out by the conteruce. It the defense. And it would not be amis ity to develop into a really influential The effectiveness of the Mooney cam. ally in all of its activities, and particulject. In this sense the two comradecisions and indorsed the accepted the de tee states it intends to issue a leaflet sent time. The crisis has had telling calculations of those in control of the strengthen the Communist movement, in In this sense the comrades of the left adopted further a revolution setting forth to remind our members and supportera effects upon the Minneapolis working at all. They seem to live in a collections of miners relief, in buildins Opposition appeal to all workers not to some of the practical tasks for the branch again that now is the time to speed up class. They lend willing ears to what world created by their own fancy, vola the in fights against evictions, support the splitting tactics of the bur to engage in for the immediate future with all arrangements for a proletarian the Communists have to say and enroll of any realistie conception of the trem in enlisting support of the Empros as caucrats, but to broaden the united The points particularly worthy of note defense, to gain support from workers ment in an organization like the Dendous mass movement that could be orwell as in the general working class edu front, to build and strengthen the Spar were: Organization of the Left Opposieveywhere Activities so far in behalf of which is proclaimed by the party 18 Aganized around the Mooney defense. They cation of the club. Their record is clear takes club and to strengthen its purtion fraction within the party. these two victims of the class struggle broad united front working class organlo their way sublimely carrying out the for everybody to investigate.
zation, is comparatively a simple mat official policy to the letter call a conposes. In this sense the comrades of and sympathetie organizations, strength have been entirely too limited. While ter. But the retaining and activizing of ference, have a street demonstration and ly so, to be a workers educational clubbers of the Spartakos club to demand contacts and more efforts to have all protested the sabotage of the It The Spartakos club alme, and correct the Left Opposition appeal to all mentoning of our speelfically sympathetic many workers and organizations have the members enrolled le quite different await the call for the next conference to develop class soliddarity and class the reinstatement of the expelled com branch members actively functioning into the hearings and possibly new trial matter and one which is beyond the In Minneapolis, upon the failure of the consciousness to facilitate political edu rades.
workers mass organizations, a campaign The New York supporters made a good powers of the incapable bureaucratie party and the the Opposition is for recruiting new members, encourage start in appearing before local unions by clique in control.
compelled to take up the task of organments to comrades available to assume collecting from one local 17. 00.
Incapable themselves of giving proper izing a Mooney Defense Conference that responsibility as voluntary organizers Militant Builders leadership and guidance to such es will truly represent the masses of workwherver assigned, encouragement to Under this heading we plan to have sential organization as the therers. conference that will be based young comrades to take up youth work in a standing item among our organizationprevent with all their bureaucratic power more systematic manner, building of al notes. Of course, its life depends upon the helpful participation of capable revs upon the trade unions and one that will be able to bring pressure to bear on With the Militant now appearing weekly there should be excellent possi the Militant and literature circulation what actual builders we have. But at olutionary workers. This holds good not rooney jailors. Fourteen years after bilities for all of our supporters to enlist new subscribers. If you agree with and the completion of the Expansion the outset we feel sure that every active only for members of the Communist the Russian revolution, we must take up Program.
supporter will agree that we have now League, but for anyone who takes liter the elementary task of demonstrating to us you will want to extend the Militant circulation. You will want to keep ally their statements that the the rank and file of the and your own subscription paid up to date. If the number on the wrapper of this From the center, we are similarly pro arrived at the time when the Militant is a broad united front organization is party that united front conferences are Issue is less than 75, it means that you should renew your sub. Next you should ceeding gradually to take the measures extended. The material is all at hand.
respective of political differences.
not narrow family affairs but are meant endeavor to get other workers to become subscribers. For convenience use the for organizational strengthening based circulation must be built up and far more Once again the above mentioned asser to unite the entire labor movement on blank below.
upon the conference decisions. Actual The Militant appears weekly. Many tlon has proved to be nothing but an a vital issue. Only in such steps have been taken to lay the founda workers are interested in its contents and inanner THE MILITANT, empty phase which the bureaucrats use can the Communists show up the fakers 84 East 10th Street, New York City.
tlon for building up the Pioneer Publish despite the great unemployment many new subscribers can be secured. With as they see fit. The writer of this arts, and demagogues that trail along Please enter me for a subscription one ers as a separate institution this apply that well under way the next point must year, 00: Bix months, 00.
cle was clected by the membership of The in this clty will remain ing both to the utilization of avenues be the increase of bundle sales and secNamo the central branch of the Minneapolis the impotent isolated group it is as Address: available for extended literature circu uring of adultional newsstands willing as one of their delegates to the long as it follows the stupid polley of City lation as well as to planning of new pubito handle our paper, especially such State city central committee. The representa expelling revolutionary workers for their lientions. beginning has been made which handle radical literature. Who is toward assigning young comrades ready tives of the party present, including the political differences, while allowing car organizer, Carlson, did not utter a word cerists, adventurers and rank incompetto take up voluntary work in helping ready now to enlist in the group of branchez now numerically weak. The against my election, though they knew ents to control the organization. It is first assignments include one comrade for Some of our comrades who have been well enough that was a member of the to be hoped that the coming united front Communist League. Trained apparatus conferences under our auspices will have St. Louis, Mo. and one for Kansas City. quite active in the past in this field we Steps have recently been taken by the connected with the establishment of the Mo. Two national tours are being plannaturally expect to enroll in this group men that they are, they sensed they could some effect upon the present politically communist League of America (Opposi. yonth paper. There is an excellent field ned, the first to begin about the latter right away. We have in mind comrades not oppose my election after the mem suicidal polley of th tion) to develop and intensify activity for a Left Opposition youth paper among part of November.
bership had decided. Particularly becca Sacharow in Chicago among the young workers and youth gen the members of the official Young ComR. Ilesllund since they had come to the meeting utterly erally with the establishment, after munist League, Communist youth symtoe has been completed with comrade in Minnenpolis and Goldbere in St.
unprepared and had allowed a Trotskythe second national conference of the pathizers and among the young workers Abern in charge and plans for its actir Louis. But there is room for many League of a National Youth Committee, as a whole, and there is full confidence ities are already under way. According more.
proposals.
immediate concrete organizational and everywhere that this latest step forward to decisions of the national conference a Our Expansion Program It did not take them long, however. Continued from page 1) political tasks have been laid out. The of the Left Opposition will meet with special committee to oblem has also quite liberal with our entries of congive attention to During the recent weeks we have been to decide upon definite organizational Lapmros laidous. Comrade Koumonn National Youth Committee consists of enthusiasm and success. In another ast study of the Negro steps, at the very first meeting of the dourcas was expelled from the club: com the following members: Martin Abern. week, detailed announcemnts will be been created. Comrades who want to tributions under this heading. As a mat.
central body (which includes the dele rade Haidus, not being present, is to be Joseph Carter, George Clarke, Albert forthcoming relative to the Youth paper present thelr views on this question ter of fact, we credited also such clonar gates from sympathetic organizations) expelled at the next meeting.
Glotzer, George Ray, Hank Stone (resi as well as to other outlined activities should forward such to the national ortions which were not for certificates for the axe fell and another great deed for or the 60 members present out of a dent committee. together with Reva among the youth.
fice.
the Pioneer Publishers. IIenceforth we Communism was accomplished. Carlson total of 196 members of the club, 34 Craine and Kent, candidates, and outThe return of delegates had to take will enter only such funds walch are opened the meeting by reading the usual voted for the expulsion, 14 against, with of town members of Charles Curtis Members and sympathizers are called place in the same manner as the arriv actually on this account for certificates, meaningless catechism that the 10 abstaining. This shows clearly that (Chiengo. Martin Payer (St. Louis pon to give financial support to enable al. Most of them had to beat their way either in full or in prt payment. We political diferences but that does not in: vinced by the slanderous charges pre rade to be selected from Philadelphia. to youth paper. Information requests received word of safe arrival at the home ward our goal 00. 00. We have taken as well ferred against the comrades.
Comrade Abern is at present in charge concerning the Youth fraction and money point. The Chicago branch utilized the the first three major steps, established have continued and echoed the words The charges were that these comrades of the youth work.
are to be sent to Martin Abern, National opportunity of the Minneapolis delegates the Pioneer Publisher, returned the Mill.
of a Fourth of July senator who thun were counter revolutionaries, enemies of ders that this country is based upon the workingclass, enemies of the Soviet The youth comrades of the Commun America (Opposition. 84 East 10th st. passing through to add them to the pro tant to a weekly publication, held the gram of reporting on the conference at second national conference. Now rous traditions of freedom but Union, In reality, the charges are 1st League Opposition in the various New York, a publle meeting held. The Chicago mem should forge ahead for the final goal.
freedom does not mean license. Com brought forward because these comrades localities are for the present, to organize bership has recently been actively engaged rade Carlson, however, did not any ceremonies he knew the compost support the Communist Left Opposition themselves into a Youth fraction of the tion of the city central committee only comes an outrageous one and should be activity. As a preliminary step, cach ers. Their efforts have been, and quite THE MILITANT too well. He proposed my expulsion reversed.
succesfully so, directed toward strength Published weekly by the Communist branch of the League is forming a youth from the central body and my eviction Initiate the work.
ening the general movement not only by League of America Opposition Marxism The Left Opposition under the lead committee criticizing the serious weakness obtain from the hall. The chalrman, Tom Foley, ership of comrade Trotsky has many At a recent meeting of the National at 84 East 10th St.
Instructor: Arne Swabeck ing but also by adding positive proposably executed the proposals of Carlson times put itself on record as the staunch Youth Committee, work was laid out. As Fundamentals of Communism als. The membership has been active in EDITORIAL BOARD and was not even permitted to take the est defenders of the As the de an outstanding task, the perspective was Instructor: Martin Abern Left Opposition propaganda among the floor.
fenders of the October revolution and as laid down the publication of an official Communist youth and has incurred the Martin Abern James Cannon The vote for my expulsion and vic active workers of the international pro youth paper as soon as possible. Registration Fee: 00. one dollar per wrath and fire of the bureaucrats from Max Shachtman Maurice Spector tion, despite the efforts of the bureaucrats, letarian revolution. In this the Left Op The Youth Vanguard, issued heretofore course. unemployed workers the official party and However, Arne Swabeck was not unanimous. Several of the position fights against the bureaucratism as an occasional supplement of The MIN Special rates 80 far the results have been expressed worker. delegates present absenting from the present stallent resortet Union as all efforts concentrated upon the organ within the tant, is to be discontinued at once and in several new members for our branch. Bubscription rate: 00 per year; forOpening Week: Oct. 19th From Philadelphia, we have received etgh 50. Five cents per copy, local spoke in favor of my being seated. well as within the other parties of the izational, editorial and Register at 84 East 10th St. at once word that hearing of arguments for a new Bundle rates, cents per copy It is not strange, then, that through such against the Stalinist revisionism a narros bigoted policy, the which is not only endangering the heritthe success with a drifting membership here remains but skeleton organization age of October but endangersolution ful development of the In such the same manner as they man as well. The members of the Left Opposlage membership in the L they are tion have a long and unstained record is a Looney themited to the communist movement. Their acions, but by far the most important from people who buy these securities borrow stock is held by national banks, which funds will be found with which to pay off capital ing about it that assures the bank that going aboutputting front plea into effect. Without any pre tions and their views are open for every the standpoint of the immediate crisis the money with which to pay for them must belong to the Federal Reserve sys the loan, and is therefore not eligible for paration, with no organized attempt to worker to examine. Today the Left are the commercial banks.
from the banks In such cases, a finan tem, and by some of the state banks.
rediscount.
reach the trade unions or the masses of Opposition considers its main objective. They constitute part of the mechanism clal boom arises, based on increased pa The Federal Reserve banks do the fol Government Bonds workers, the usual demonstration, at the one restoring the party to the by which 12 billion dollars worth per values. It may arise Independent. lowing. 1) Act as bankers for the UniThe only exception is Government tended by the usual several hundred policies of Lenin, to do away with bur of gold finances the circulation of capi ly of, or in connection with, an industrial ted States government, that is, keep de bonds, against which the Federal Reserve faithful, was held. Following up this great success, they are calling what is comes particularly expressed in its clars worth of commodities yearin commodities and services, such as would (2) Act as bankers for the banks, whernment to finance itselt. Central banks eaucratism and at this moment it be tal to the extent of over 90 billion doll boom based on creation of additional posits, lend money, issue bonds, etc. banks will lend money, to help the gov.
now becoming the traditional party conforts for a correct application of the the United States alone. It is essenial in foreign countries do not draw this ference at which only party controlled or united front policy which is really into the functioning of this mechanism that distinction, by the way.
party influenced organizations are involved in this case, all paper claims and credits created by Types Ownership Source of Funds Type of Invest vited. That such a conference could ofWhat does this method of expulsion of it should be exchangeable for gold, at ment The deposits which the ordinary coma fixed basis, that is, dollar is defined mercial banks maintain with the Federal as a piece of gold weighing so many Saving Bank Usually mutual, Lower bourgeois. Long term. in Reserve banks are fixed at a definite pergrains, and all forms of paper express(like Bowery no stockholders je, upper proletar fixed capital like centage of their own deposits, ranging ed in dollars, such as bank deposits, Savings Bank)
iat railroads, home from to 13 of the most important loans, credits, etc. are supposed to be mortgages class of deposits, for other deposits exchangeable for the amount of gola When business improves, and bank deCommercial Bank Big and petty Corporation, con Short term, in Books by Leon Trotsky which they represent. This is what is posits increase, they have to increase meant by the gold standard. Hike National trolled by big bourgeoisie variable capital their deposits with the Federal Reserve City Bank) bourgeoisie in big especially comTHE STRATEGY OF THE WORLD Paper and Gold cities mercial transacbanks. These deposits must be at least REVOLUTION 35 in gold: the rest may be proper eliIt is clear that there is not enough tions gold in the United States, or on the gilbe for rediscount.
86 pages, two colored paper cover 250 entire world, to pay off all the holders Introduction by Max Shachtman Investment Bank Usually private, Big and petty Usually long term The Federal Reserve banks therefore of all the various kinds of paper claims ing House sometimes all hourgeoisle, also in fixed capital: receive gold in the form of deposits from THE DRAFT PROGRAM OF THE if they should all ask for their gold at (like Morgan orated with bis trust funds, Insur creates, buys and member tanks (ordinary commercial COMMUNIST INTERNATIONAL once. But this is only academic possl Dillon, Read) commercial bank ance companies, sells securities banks afiated with the system through Critletsm of Fundamentals bility. In actual capitalist economy, stock ownership. showdown is never called for, except in Introduction by Cannon Stock Exchange Must be privately All classes ot Primarily gamblThe Federal Reserve banks may Issue 350 140 pages hard paper cover international finance, where the paper of Firm (like owned by Ex11 lyourgeoisie, ing on security Pieree Co. THE SPANISH REVOLUTION change rules one country, expressed in its national boom times see without prices bank notes, but these must be covered to the extent of at least 40 by gold: tions of proletar supplying currency, is not acceptable to the finannew 30 pages, paper cover 100 the rest may be eligible piper, it enough lat cial system of another, based on a differ capital THE PERMANENT REVOLUTION Buch paper has been acquired by, redis.
ent gold unit. Normally, the paper 00 count or purchase.
208 page book cloth bound. 60 passes freely from hand to hand, change paper bound ing its form constantly a capitalist re result from the development of new in. keep deposits with them. 3) Lend money lar in gold received by a member bank a THE REAL SITUATION IN RUSSIA ceives a check for a hundred dollars in dustries or opening up new markets. banks against paper assets such as deposited by it with the Federal ReIntroduction by Max Eastman paper, deposits it at his bank where it Effects of Deflation as bills and notes, Government bonds, serve bank, and such a deposit makes it 364 page book formerly now 00 becomes a book keeping item on paper, The opposite tendency, to reduce paper the rate at which such loans are made to 14 dollars to its own deposits. The etc. this is called rediscounting, and possible for the member bank to add MY LIFE 600 pages 00 bank notes with which to pay wages, the production of real values, is defation is the rediscount rate. 1) Issue cur Federal Reserve bank receiving the gold COMMUNISM AND SYNDICALISM worker uses part of his paper wages with and in finance is reflected in an increased rency called Federal Reserve notes.
can issue up to 1 dollars in bankThe Trade Union Question which to pay a paper debt to his land proportion of gold to paper. This results As to (3. the Federal Reserve Act notes against it, and in this way control Introduction by James Cannon lord for rent, the landlord ses part of in lower prices for goodds and securities, makes a sharp distinction between bank the amount of currency in the country.
64 pages. paper cover 15e the rent to pay interest to holder of a reduced markets, reduced profits, unem paper based on commercial transactions The Federal Reserve bank, if it does paper mortgage, etc.
ployment, and an incentive for the capi such as lending money to a mill owner not receive requests for loans from its THE SPANISH REVOLUTION IN DANGER There is, of course, the possibility that talist to cut wages.
for the purchases of cotton, and finan member banks sufficient to lend out its 15 64 pages paper cover in all these paper transactions more pa The changes in relation and amount cial paper, based on such transactions as deposits, can go out and buy government per dollars will be called for than there of gold and paper are the formal reflec buying stocks or bonds. Only commer. bonds and commercial paper in the open PROBLEMS OF THE DEVELOPhave been commodities and services extions in the financial sphere, the world cialper, which is self liquldating that market, that is put more money into MENT OF THE changed. Since the amount of gold 18 of money and paper, of the basie rhythms 1s, in the normal course of events will circulation, or when it wants to help de 48 pages, paper cover 150 not affected directly by ruch paper trans of capitalist economy, boom or stabiliza supply funds with which to pay of debt. nate the banking system, it can sell its Special Rates in Bundles of or more actions, this will show at once in an in tion and crisis, whose real content, based is eligible for rediscount with the Fed bonds and paper, thus absorbing money SINCE LENIN DIED creasing ratio of paper to gold, or a de on the necessary Internal contradictions eral Reserve banks. The cotton mill from the other banks.
creasing ratio of gold to paper.
of capitalism, are familiar to Marxists. owner will, normally. convert the cotton In these ways, the Federal Reserve By Mar Eastman 1924 50c This is called inflation, and may come coming back to the normal function which he buys with borrowed money into system regulates the activity of financeabout in many different ways. Prices of ing of the system, the gold is held by cotton goods which he will sell, and out capital through its phases of Inflation and 168 page book printed in London commodities, or real estate, or securities, the Federal Reserve banks, in the of the proceeds will pay off his loan to deflation under relatively normal circummay rise sharply creating more paper and by the central banks in the other his bank. For this reason the Federal stances.
Pioneer Publishers values; banks may lend more freely, caz italist countries. There are twelve Reserve bank is willing to take this loan In the following paragraphs we shall 84 East 10th Street creating paper assets against which de Federal Reserve banks, each in a definite of the hands of the millowner bank, Hee how this machinery functioned durNew York City positors may draw checks; securities region of the United States, whose oper. by lending against it, that is rediscounting the period from the last previous may be created and offered on a wide ations are unified by a Federal Reserve ing it. Paper based on a purely financial crisis in 1921 to the present one. To be scale, giving the corporations which is board of which the Secretary of the transaction on the other hand, has noth continued. FIELD.
THE BANKING CRISIS IN THE UNITED STATES FOR YOUR LIBRARY