ee ee) eh aS, se ae a fe ae, are we

, Sive Him a Fair
lial, And Hang Him’

_ By LESLIE MORRIS _

Bin 3 -
a. Wranglings surrounding the celebrated case of
vibake of Canada Governor James Coyne versus the Dief-

+o 1s a
& i ,one thing stands out which his ‘Tory accusers
Moseq .. 28 SOOn quickly forget: Coyne was fired because he

an . . . .
"of Ce opposed to, the increasing American domina-

. Comm;
ie A cies to this'policy of domination, the Tories and the
Toye. in Maothing but the truth. Mr. Coyne’s»pension was
wY ctické¢ aus F1eming deplored Mr. Coyne’s refusal.to play.
imtent’s Ti and quietly resign. Mike Pearson granted. the gov-
Pa little © t to behead the governor, but asked that it be
the; Ore subtly. “Give him a fair trial and hang him,”

Iberal chorus.

% % a

EVER ,.

4 Bong What you, think about some of Mr. Coyne’s
Bl scr, mics, They are beside the point. Here was a top
nt getting on a platform at Ottawa and saying:

. “Un
Picton SSS Steps are taken by all concerned to improve the
thy fs, of Production in Canada, the high level of effective
lig, 8 larg: total buying power, will be reflected in a con-
dye OF ioe import of goods and services which would do
lagttther ing for employment in Canada, would be financed

pan etowth of our foreign liabilities and would further
«: at Beership and control of Canada.”

a as banker’ OU elves from

; man dominatica © language for, “Unhitch ours

Abo : Stas
ten Wag ght money” and “loose money”, Mr. Coyne the
ii PloymcnPrisingly frank. He said that the “high level of

Suraj), has not been caused. by. monetary. policy and is
‘a ‘PY monetary. policy.” :
0 5 - 5
tite ggithet Words, whether the printing presses grind out

Gling wars, or whether they run slower, makes no difference
yenada goes into the hole at the rate of a billion

_ "8? in its trade with the U.S.A.

* * *

\yrar th a

A “mak € governor was doing was highly political, and it

teu ye €s one sick to hear Mr. Fleming condemn Mr. Coyne

; rt pole into politics, High finance, banking, import’ and
* cles, are politics.

a

as, ne tewas a different kind of a civil servant. Instead of

lage at the Sir! and No, Sir! to whatever gang of exploiters

& on 4° Moment inthe. government saddle, he puts. his
the sore spot.

Yi, A8 "Dy ;
Sa Buck described in his book, Canada, the Communist
iy pg bts) which will be required reading for future history
e247, geic, wiberal government, through the Abbott Budget,
i Integratectately and cold-bloodedly adopted the policy of
4 » fathy ae of the Canadian with the U.S. economy. They
4 B00gs. Aa hat this country should depend for ‘its manufactur-
Many ra ainly on the United States, and ship to the U‘S.A.
ing lis W materials as possible for U.S. industrial plants.
as
oun

ag GonSequences of that policy of selling Canada cheap
anada dear which Mr. Coyne is condemning.

ee : :
Mee Special act of Parliament has to be passed to fire

% * %

y T « S

te of Canada short; allowing the Yankees to come in
aye their military bases and aircraft, abjectly following
t

M1) of ie) Chin 3 . saa 4 B,
Uae) as” policy, permitting their control and owner
by Magara to skyrocket while making a bit of a fuss about
hy Tought pos, 20d their Canadian advertisements — all this

*estg teed money to the Canadian monopolists whose vital

closely tied with those of the U.S. trusts.

am, ‘
A nataes, Coyne hit hard and eloquently at this betrayal of
beyalacks welfare (although it is a pity he did not include in
“ture A condemnation of the government’s exorbitant ex-
Or arms), That is why he-had to go.

He * *%

OULD
\ aa that some of our labor leaders had shown half of
the, Coyne’s qualities.instead of going along with the:

talley Money” inflationary nonsense and —_as in the case of
vt nowlés of the Canadian Labor’ Congress and the:

the ng out even now in favor of more “integration”

i neg Covne's fight with the government may be: over when:

hat to aha lines. But the resistance he put up is not ‘con=

May den ‘The national. struggle for Canadian’ economic’

iy, the, fi Ce is only beginning. That one: of its first battles.
Senor tee of one of Canada’s top civil servants, and the:
ths of { the state bank: at that, is but the measure of the:
is potential resistance movement.

hea ;
Sr
By. Can eS! Mr, Coyne fought better than he knew. He: has:

MCAT

Fleming big business budget

to aid powerful U.S. monopolies

By CHARLES CARON

The Fleming. budget has a
two-fold aim: (1) to satisfy the
quest of monooplies for pro-
fits; (2) above all to. bolster
the shaky economy of Us.
imperialism. 1

World imperialism, particu-
larly. U.S. imperialism rejects
the® principle of peaceful : co-
existence and alternately fol-
Jows a disastrous and danger-
ous cold war policy. While the
cold war and arms expendi-
ture has brought super profits
to the monopolies it has at
the-same time sharpened. the
contradictions of the whole
capitalist system. One of these
contradictions consists in the
growth of productivity of the
capitalist system in a greatly
shrunken capitalist wor 1d.
Hence, the crisis of markets
for capitalism.

U.S. pursuits of the cold
war is rapidly leading to dis-
aster. This is observed in the
U.S. unfavorable trade bal-
ance of the U.S. As a result,
the gold reserve of the U.S.
has been depleted by $8 bil-
lion in a very short period of
time. This drop in the US.
gold reserve can be traced dt
rectly to cold war costs—name-
ly the maintainence of hund-
reds of bases in many parts of
the world.

Some years ago, the US:
could. sustain the heavy ex-
penditure of maintaining those
bases because of its monopoly
of capitalist production and
trade. U.S. production was
then 56.4% of capitalist world
production. Today the situa-
tion is vastly. different. While
the U.S. remains the main im-
perialist power in production
and trade, a number of com-

petitors have appeared, seri-
Us:

ously challenging the ;
monopoly in the capitalist
market.

A number of trade union leaders have correctly con-
demned the federal budget as a “rich man’s budget”. The
budget is part of the offensive of the monopolies against
the living standards of the working class and the people.

This weakened position of
U.S. imperialism has not been
accompanied by reduced cost
of the cold war on the U.S.
economy, instead mounting
costs are shown in the US.
budget. The decline in the gold
reserve of the U.S. has led to
the weakened position of the
U.S. dollar to the point of
considering devaluation of the
U.S. dollar.

*

To offset its unfavorable
trade balance, the U.S. tried to
transfer the cost of the cold
war to the allies. Attempts on
the part of U.S. imperialism to
place the burden of the cold
war on its allies are not limit-
ed to West Germany and
Britain. The Fleming budget
is a good example of this
policy. in its application to
Canada. Canada is not only
part of the cold war alliance,
but follows a policy of inte-
gration of the Canadian econ-
omy with the U.S. Canadian
monopolies see the realization
of immediate monopoly pro-
fits and their long range in-
terest — the survival of capi-
talism, through their subsid-
jary role to U.S. monopolies.

The policy of integration is
most clearly illustrated in the
giveaway of Canadian re-
‘sources to U.S. monopolies.
The giveaway of Columbia
power resources is an example.
The net effect of this betrayal
is to stop Canada from devel-
oping its own manufacturing
industries and make it com-
pletely dependent on the US.
for manufactured goods.

Devaluation of the Canadian
currency will speed up this
process. It will place Canadian
resources at the disposal of
U.S.. monopolies at bargain
prices, while we purchase fin-

+1

ADDRESS

Sing stan politics today. Firing ‘him will not ‘disperse the

Introductory Off.

FOR A 3-MONTHS’ TRIAL

SUB TO PACIFIC TRIBUNE
Room 6, 426 Main St., Vancouver 4, B.C.

THIS OFFER EXPIRES JULY 15
AND APPLIES ONLY TO NEW SUBS

ished products at monopoly
prices. This process is already
mooted in a rise in prices on
many of the products that are
imported.

The present budget is: 2
Wall St. budget. It aims to un-
load the cold war onto the
Canadian people. This conspir-
acy is camouflaged by Tory
froth like the monetary: fund
to provide. for “the develop-
ment of Canada.”

The budget will have the
opposite effect to what the
Diefenbaker government: says
it will have. It will facilitate
an inflow of U.S. capital into
Canada, which in turn will
tend to defeat the supposedly
beneficial devaluation of the

shackles on our- economy,
Heavy government borrowing,
without a program of Canadian

feat Fleming’s promise to low-
er interest rates: Nothing* in

coping with
economy and unemployment.

Magazine aptly describes the:
central issue today in Canadian
politics by posing the question,
‘Ig Canada Possible?” The:
Tories, elected around a slogan
of Put Canada First, moved’ to-
wards integration with the
U.S. at an even faster pace
than the Liberals before them.’
Another section of Canadian
business follows the new path
advocated by James Coyne,
governor of the Bank of Can-
ada. His view consists, in the
main, in the all-round develop-
ment of Canada and breaking:
Canadian dependence on the
US:

There is no section of the
Canadian people that is not
under attack by the monopo-:
lies. The task ahead’ of’ the
Canadian people is clear —
they will have to unite their
forces to effectively fight’ to
defeat the monopolies.: It can
be done! The way for the peo-
ple to defeat the monopoly of+
fensive is to come to~ grips
with them in their field’ of
economic and _ political active
ities,

These struggles, while ap
pearing to be diffuse, converge:
against the main enemy ofthe:
Canadian people — Canadian
and U.S: monopolies:
struggle must find united exe

front. The establishment of a
new political party on the: ins

the progressive forces in Cans
political struggles can defeat

bright future for Canada and

July 7, 1961—PACIFIC. TRIBUNE—Page:7

her people.

dollar and tighten the US. ,

development, will likely de
the budget holds promise of: -
our depressed —

The July 1 issue of Maclean’s :

This ~
pression on the parliamentary ’
itiative of the labor movement’
holds promise; it could provide:
the: parliamentary unity for:

ada. United parliamentary”

the monopolies and open up:a.

(dh

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eo UCU