The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-21
Imperial Court and Blu
reallcracy Go to Extreme
Lengths in Persecution.
BUSINESS DEPRESSION
BECOMES WIDESPREAD
Even the Government Is
Shaken. Political Issue Be-
ing Made of Situation.
NATIONALISTS DEMAND
CREDIT MONOPOLY
Only One jew May Now Serve
on Any Board of
Directors.

Special Correspondence 10 TUE Sun
g. PETERSBURG, June AT all times
the obscurantist coterie dominating the
Cars household is fighting the jew.
When Russia lost I'm war to Japan 1t was
because the Jews had sold the Russian
simy equipment and her secrets of strategy
to the Japanese spies; when the peoples
upheaval set in against the police tyranny
il was all because Of the Jews hatred
q Russia, and now when there is an
economic transition In Russia and much
money is changing hands II Is again the
Jews who are the evildoers by conveying
all the profits to the hated foreigners.
Such Is the thesis and the measure
Of the mentality OF the Cars palace. for
II is a mistake to suppose that the cour-
tiers there are the mere dupes of the
bureaucracy. In refusing political free
dom to the people the court and the
Bureaucracy OFFER them instead the fine
sounding phrase. economic regenera-
t!oa" and the word has gone forth to
keep the Jews out Of any profit that this
experiment may bring.
The anti-Jewish business campaign has
been brought rapidly to a head by the
growth of joint stock enterprises In Rus
sian industry. When the raising OF po-
li,lcal loans in Paris on the general guar
antee of the Russian Government ceased
to answer any Immediate purpose or to
: instil any life into internal economic con-
dltions, the idea was taken up by the az
minlstration OF attracting foreign capital
into Russia for the development OF in
dustry and the securing of employment to
the large and rapidly growing population
OF "landess" men from the peasantry,
who had started migrating about the
country after the breaking up of the
communes and their conversion into small
farms.
changer" in Foreign Capital.
The Department OF the Interior, the
political police machine. reported that
these men were becoming a danger and
thai occupation must be found for them.
This department had always been the
enemy. not only OF Jews but OF all for
e.gners and of everything that suggested
progress or freedom OF action. but fear,
the only argument that has ever per-
suaded a Russian Government 10 yield
10 the people. impelled II TO sanction
steps Tor obtaining foreign money 10 de-
velop industry and manufacture. And
thus was taken the first step toward the
present crisis.
III Is sui llt law ludt no rear
in Russia may be held by jew. and
also that trading throughout practically
the whole of Russia may he engeged in
only by Jews who submit TO heavy and
costly restrictions In the way of Govern
ment licenses and temporary ermits ex-
tended again and again by cash payments
10 the police. Even under such intoler-
able ohstruct ons the Jewish business man
was always under the risk OF being turned
out neck and crop IL II became the in
terest OF police politics to raise tho racial
question.
By encouraging a great crop OF foreign
Joint stock companies TO operate in Russia
the Government found itself forced &c
come TO some kind Of terms with the
Jewish business world. The capital OF
these Companies--they include metal and
OIL enterprises, municipal light and power
Services branch railroads outside the
Government owned system. commercial
banks, spinning factories. runs into sew
eral millions OF roubles and the bulk Of
II Ia held in the ordinary form Of shares
10 bearer. Just as joint stock enterprise II
conducted elsewhere in the business worlt
OF Europe and America.
These shares to bearer ovaded tn,
ban against Jews holding real propert!
ard partly defeated the restriction
against them as traders and manufac
tuners A year ago. when the Balkan
campaign and the friction between Russii
AID Austria shook most OF the European
bourses. the st. Petersburg market. beinl
rather raw and new In the matter o
scares and engineered maneuvres. ha'
some violent shocks. and OF course tn
on'cial Government explanation to tn
losers was that II was all caused by tn
Jews From that time II has been tn
determined purpose of the upper elias
Black Hundreds 10 drive back the bust
ness advance Of the Jews by abolishin
shares to bearer" and by introducin
what 10 called the naturalization o
credit"
One Of the immediate reasons for tn
downfall OF NJ. Kokovtzoff last Februar
from the Premiership and the Ministr
OF Finance was that he told the Gear tha
II was an utter impossibility to abolis
shares 10 bearer" in companies which ha
Drought their capital into Russia undo
Government protection. These shares.
explained. were passing from hand to han
IN foreign countries where Russian regl
hdons had no control. and that alon
made II impossible to inscrbe every shai
Nth the name OF the holder so as to sc
ua' he was not Jew. It II plain ths
nothing can be done to prevent Jew
from holding and dealing In the share
blt now the rule is being framed thi
10 board OF directors Of five members ma
nave more than one Jew. This Is on II
90 police lines OF irritation and insul
NM u does not actually destroy III
o.eaded spectre Of the financial ascen,
thcy OF the Jews.
Mssseur Advises Gar.
~ rs remarkable to know that Il
tA' mentor on the terrible dangers
ne slate OF shares to bearer" was Il
"?.i;Gr- reader nia5sSuf, Gtesoii IA
rpuun' the mystery man OF the Imperi
'"'sce' He can scarcely write his nan