Russian gold

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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

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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

headed British investigator at Moscow recently found that the chief reason for last year’s war scare in Russia was that the Russians could not believe that so practical a nation as England would knock its trade with Russia on the head unless it meant to follow up the rupture with war. They have not entertained a like suspicion of the United States, but leaving the question of recognition out of the account they wonder that our government is so little interested in promoting profitable trade with Russia. “In Russia, for example, there is a great demand for American motion pictures, yet it was stated in a recent dispatch that no new American films had reached Russia for months, and that a represen- tative of the Russian motion picture business had been unable after repeated efforts to secure a visa for a visit to the United States to buy or rent pictures. Meanwhile Mr. Hays thinks it worth while to make a special trip to France to head off restrictions which would hurt Hollywood's business in that country. “Examples are hardly needed to make it clear that Russian trade still has to overcome formidable barriers due to lack of trade facilities. If and when the great commercial countries, and notably Great Britain and the United States, decide that growing unemploy- ment makes necessary a further expansion of foreign trade, Russia offers the greatest still unexploited market, and the very fact that it has been so long pent up suggests that it might be made to expand rapidly by a little well-directed effort. Journal of Commerce, New York, April 7, 1928 WANDERING GOLD “The Soviet ~old which reached these shores a few weeks ago and was refused recognition by the Assay Office has been removed after a delay involving a heavy loss in interest. The removal i easy to understand, since had the gold remained much longer it would doubtless have been attached by France or some other clainr ant, and the interest losses would in that case have continued to pile up for an indefinite period of time. “Tt is claimed by some of the Russians that the French effort to annex this gold shipment was undertaken for political reason and not with any expectation that a suit to recover possession wold meet with success. Considering, however, the strange decisions that our courts have given in matters relating to former Russian prop” erties and the lack of precedents by which to test the present issu the case may not have seemed altogether hopeless to France. French action if due to a deliberate plan to embarrass Russo-American trade 3

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