Russian gold

Bibliographic data

Monograph

Identifikator:: 1772009490

URN:: urn:nbn:de:zbw-retromon-156190

Document type:: Monograph

Title:: Russian gold

Place of publication:: [New York]

Publisher:: Amtorg Trading Corporation, Information Department

Year of publication:: 1928

Scope:: 72 S.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Editorials in the American Press regarding the recent shipments of Soviet gold to the United States

Collection:: Economics Books

of some other nation; but when the gold is offered from Russia's own hands we refuse it. We cannot be sure that the Russian title to it is clear; it may have been confiscated from its lawful owners during the revolution; we do not choose to be receivers of stolen goods. “Very well. Then let us be consistent. If it is wrong to take the gold directly, can it be right to take it indirectly? Suppose Russia ships the gold back to England, buys sterling with it and then offers sterling bills for our goods. Is our moral obligation any less than it was before? If it is wrong to admit this gold, is it not wrong also to permit an oil company to bring money into this country which it has made by trading in Russian oil which other companies claim is their confiscated property? “In this matter we ought to be either consistent or sensible. At the moment we appear to be neither.” Elizabeth, N. J., Times, March 8, 1928 NOBODY WANTS IT “In the vaults of the Chase National Bank of New York and the Equitable Trust Company there are $5,000,000 worth of gold in bars. Nobody seems to own it and nobody in this country seems to want it. “The Treasury Department ruled yesterday that the gold must go back to Soviet Russia, whence it came. “The Treasury ruling maintains the embargo on Russian gold set up by this country when Lenine and Trotsky overturned Im- perial Russia by bloody revolution and formed the Soviet regime, which until recently has not ceased to urge world revolt while re- pudiating all external obligations. “Until cordial relations are established between Soviet Russia and this country our Government wants no traffic with the old country of the czars. In the interest of world commerce, how- ever, it seems to the man in the street that it is time the breach between the countries should be closed.” Johnstown, Pa., Democrat, March 9, 1928 THAT RUSSIAN GOLD “The Russian government has sent $5,000,000 in gold to this country as a basis for credit in the purchase of American goods of various kinds. The gold is tied up in New York banks and ap- parently will remain there idle because the pious Mr. Mellon. the

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