Party News from the August 1930 issue of the Socialist Standard
It will not be news to our readers that “prosperity" in the U.S.A. has taken a wrong turning. We regret to have to announce that something has happened much more serious than the ruin of large numbers of gamblers on the New York Stock Exchange. The issue of "The Socialist” has had to be suspended temporarily. The following extract from a letter written by our New York comrades tells its own story :—
Readers in Great Britain who have paid their subscriptions through the S.P.G.B. will be supplied with the number of issues for which they have paid, unless we hear from them to the effect that they wish the unexpired part of the subscription returned.
It will not be news to our readers that “prosperity" in the U.S.A. has taken a wrong turning. We regret to have to announce that something has happened much more serious than the ruin of large numbers of gamblers on the New York Stock Exchange. The issue of "The Socialist” has had to be suspended temporarily. The following extract from a letter written by our New York comrades tells its own story :—
Conditions here are much worse than you read in the papers. More than half our members are unemployed; others had to leave for other parts, crippling us almost mortally. At open-air meetings, where formerly we sold from 12 to 14 dollars’ worth of literature in an evening, we now do well to sell one and a-half dollars’ worth. The workers simply cannot afford to buy.This is bad news, but not quite so bad as it might have been. “The Socialist" will not disappear. It will be printed, but at intervals which will be irregular for a time until conditions improve.
Readers in Great Britain who have paid their subscriptions through the S.P.G.B. will be supplied with the number of issues for which they have paid, unless we hear from them to the effect that they wish the unexpired part of the subscription returned.
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