ican bankers to take responsibility for gold coming from foreign 
countries, and as the regulations of the Assay Office put entire 
responsibility on American bankers for the legitimacy of the tran- 
saction, it is believed that the flow of gold to the United States will 
be seriously interfered with. Incidentally, it is pointed out, a 
situation would be created where gold generally believed to be of 
Soviet origin would be admitted because of the Swedish Mint stamp, 
while gold which might not come from Russia at all would not be 
admitted because of the inability to find bankers willing to be res- 
asonsible for it. . 
New York Times, May 4, 1921 
Lonpon, Mav 3:—Gold bars said to be worth approximately 
$15,000,000 have just crossed Sweden and Norway from Russia 
en route to the United States, says a Stockholm dispatch to the 
Exchange Telegraph Company, quoting rumors current in that 
city. 
New York Times, June 7, 1921 
SOVIET GOLD IN SWEDEN 
Swedish Mint Reports about $100,000,000 to Moscow’s Credit There. 
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WasHINGTON, June 6:—Nineteen tons of Russian gold were 
melted in Sweden and reissued as Swedish coins during the year 
1920, according to a statement from the Swedish Mint received 
here today. In the same period seventy tons of Bolshevist gold ar- 
rived at Stockholm, representing a value of 71,000,000 gold rubles. 
Of the gold melted about three and a half tons were in coin of 
various nationalities. 
Deposits of Russian gold amounting to 600,000,000 crowns, 
or approximately $160,000,000 were made with Swedish banks 
in the last year. Of this sum 200,000,000 crowns were later con- 
veyed to other European countries, 200,000,000 crowns having 
served as security for commercial orders placed in Sweden. The 
remaining 200,000,000 crowns are held at the disposal of the Soviet 
Government. Since January 1, 1921, this 200,000,000 crown fund 
has been nearly doubled, the Mint statement says! 
An appreciable amount of Soviet gold is passing through 
Sweden for America, the statement says, pointing out that the 
United States transacts no direct business with Russia, but uses 
Sweden as an intermediary. Most of the American firms doing 
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