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greatest secretary of the treasury since Alexander Hamilton, con- 
siders the yellow metal tainted with Bolshevism. 
“It happens that quite a few able-bodied American working 
nen are idle. They have been idle for some time. Employment 
in many lines is slack and uncertain. Many wheels are motionless 
because there is a lack of effective demand for manufactures of 
many sorts. Perhaps quite a few of these wheels would begin to 
whirr were that Russian gold turned into the channels of trade.” 
- . . . The Russian undertaking is perhaps not more startling in 
character that that upon which the founding fathers entered when 
about 150 years ago they set up a government based on the 
theory that all men are created equal and that they are endowed 
by their Creator with the unalienable right to life, liberty and 
happiness. Most of the old world looked upon this undertaking 
with hostile and fear-smitten eyes, just as Secretary Mellon is look- 
‘ng on that of the Russians. Yet our undertaking was permitted 
‘o prove itself. The world held aloof and allowed us to work out 
our destiny in our own way. 
“Whether the Russian undertaking can prove itself it is perhaps 
entirely too early to say. For our own part we are bound to say 
that we feel and have always felt that it is doomed to failure. As 
We see it, it runs counter to human nature. It doesn’t conform with 
the real aspirations of mankind. It is contrary to the deeper in- 
stints of the human race. And instead of harmonizing with those 
nstincts, as the American undertaking did or strove to do, it dis- 
regards them and seeks by sheer force to create an atmosphere in 
which it can flourish. 
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“But all this is beside the real question which relates to the 
$5,000,000 in Russian gold which might set many wheels humming 
if it were released for the purchase of American machinery, live 
Stock, manufactured goods and wares of various kinds. Five mil- 
lion dollars amount to little, it is true. But even so small a sum 
might help in a time of depression. And back of the $5,000,000, 
We are told, there are other millions which will come hither for like 
Purposes if permitted to enter into the channels of trade.” 
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