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. P § h A in Ir 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 at te: he A th: the an ax Lo