Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-09-22
ROLE OF UNITED STATES
EXTREMELY IMPORTANT
Russian Minister Of Finance Talks Of
Change In international
Credit.
EXCHANGE QUESTION ACUTE
Power of America, He Says, as Center
OF Production Is Affirmed In In
contestable Manner-Ends Confer.
enCe With French Minister RibOt.

I.
PARIS. September 2l.--Pierre L.
Bark. Russian Minister of Finance. has
concluded his conference with tho
French Finance Minister. Alexandra
H!hot. lie departed to-day for Lon
don TO take up financial mates af-
fectine tho allies with Reginald Nc
kenna. British Chancellor OF the Eek
cheuuer.
Before his departure n. Bark made
the following statement to the Assoc
cinren Press:
ct would he infantile 10 deny that
the role OF the United States in inter
national anance during the past year
has been extremely Important The
power OF America as center Of pro-
duction has been affirmed in an incon
tcstabie manner. The needs OF the
3he!iSerents have changed interna-
,ional credit balances 80 markedly In
favor Of the United states that the
question Of exchange has become acute
'"Suprli"s which America la sending
10 Europe prepare the market for the
resale TO Americans OF their securities
ne!d IN Europe. II is To he hoped
that tho Anglo French delegates ne
Eotiating In New York viii find basis
adapted to American tastes and tenn
permanent"
inies OF Americans toward Russia
when she was emanc!pating the serfs
an the same time that America abol-
shed slavery and maintained the
union" He continues:
RUSSIA GOING THROUGH
DIFFICULT PERIOD
Russia 10 going through a dficult
period as regards exchange. We oan-
rot export our products. and there Is
lask OF remittance from abroad.
Russia has large payments TO mako
abroad. and sho cannot make them in
goods or products
That difficulty WAS examined close
~ In February. and the French and
British governments came to the as
distance OF Russia with advances which
have been employed TO pay coupons
and purchase supplies. Evidently this
policy Of cooperation must be con
tlnucd. That is one OF the questions
which the Ministers Of Finance are
considering.
: Certain precautions must be taken
n. raise the rate of exchange for the
- oub!e and give II stability. Improve
nent in exchange will facilitate i'm
- portations into Russia, which now are
oostructed b. depreciation o: the
rouble.
Russia is putting into the common
cHort with her allies all her resources
n men and money. She receives from
her allies indisp ensable cooperation
Inferior to the Germans in the begin
&nins, from tho point OF view o.
pre phration for the war, we have
made up part Of the disadvantage
nrouEh the common effort OF the gov
irrnent. the people, the Duma and
he Council o. the Empire. We shall
1ntinue to decrease the difference be-
ween ourselves and our enemies II
nat respect
i'RANCO-DRITISH MISSION
MARKS GREAT STEP
The stability of the franc and
und. W. Bark declared. are as i'm
prtant TO the allies as that OF the
"ublc, and the Franco British mis-
.on 10 America marks a great step.
ihc solidarity OF the allies thus is
demonstrated to the whole world. and
he intrigues OF Germanophiles in New
York proves the far-reach!nS bearing
1t these negotiations. IL is to be
Hoped the bonds OF sympathy and
R:olida-!ty between the allied govern
nents Will be extended TO the great
'anks OF the nations. We have seen
he fruitful results OF the convention
,etween the Banks OF France and Rus
ia last winter to liquidate outstand-
ng accounts with regard 10 Russia.
We are doing everything we can
o encourage export trade, but under
he present circumstances OF our coun-
ry there is great difficulty IN send
ns out It's principal r!ches--cercals
and naphtha. This Is not less import
mt than TO facilitate the flow OF capt.
a. TO the treasury Golfers.
We lend a willing car TO sugCes-
Ions reaching us from the United
states. Americans who are practical
thoroughly grasped the fact that the
= NEST prospects were open.to them in
Russia In view OF the easy successes
obtained there by Germans IN the
= financial field. Therefore, the Russian
4 government is fully prepared to vel
i ONE and assist American initiative in
his direction.
Concerning munitions. il sufnces for
ne TO say that in the past semester
he output has increased s!xfold. To
emedy the falling off in the number
II mnnition workers the government
las given formal orders that all labor
equ!red by mines and factories work
ng FOR the national defense shall be
placed at their disposal immediately"