New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-15
BREAKING THE
RUSSIAN RuBlr
An Insight on the N,;,..
Way of Debtors with
Creditors.

In a rather spirited controv.r., -"
trade opportunities in Russia a,t,, ~
war. Some Of them. like som. =,
own American experts" main, W
one side OF the picture. Th.v va,
glowingly Of Russia as a field Of ~.
opportunity to the enterprisins ,,,,..
but omit to mention certain anUl,,,.''
but highly important detail, "a
are left for the trader to find an, =,
himself.
The London "Times" has pubIi.s,,.
Russian supplement, which 1. -.
with optimistic articles on Il. a..
Of English trade with the SLOW =,
ally to the north. That would \.
pected as matter Of course. Bu, .,,.
is given also 10 the letters Of ,,,a..
who have practised trade with Rus,.
and their enthusiasm is much t.n,.,.,
by the kind OF understanding v.iS
comes Of experience. ons says:
First OF all. Russia has long a., -.
up "a protective tariff" agaiss, F,..s
and it Is difficult Tor the Rrltish -.
import most manufactured -ool, va :.
prospect Of sellirr them T,.r, n. -
ruptcy laws IN Russia are 20 agsi,,,
ing credit. sell goods 20 Nr. Ma,
say. on six months credit W., !.
time OF payment draws near I r,,,.,.'
note from Mr.. Nahalof inviting n,
Stakan tchaivou lglass - teal sta -.
restaurant Now. know Mr.. n. 49,.
TO break the rible." as they sv.
In a private room o. the -, tsur,s, : a.,
table spread with dell-Aries, round a..
creditors and pseudo-creditors cl--ul,.. =,
Craze frAly. Mr. n. pump. a, /, -
crocodile tears. informs rs that cw,, (.
bad trade. etc. he has come TO sr., -,
20 save something for hi. esteemed -
itors he has sold his business n n ,.,,A
10 Mrs. Plutovkina. and IL now AZ, =
offer his creditors 10 per cen, o. ~,
claims. Will We sign the parer o. ar.
mcnt7 No. We won't We krow n [,
fictitious sale NJ lawyer tells m. 70 "A,
what can get. II IL goes into N, Ri
ruptcy Court the man nav get a ,s-- .
imprisonment bit then shall hAv. "a n,
for his keep while Va durance. ard a.,
the expenses IN court will swaiiou =,
everything Next rornirg n. 4 IN ~ 4
Ace. offers 20. %. 30 per cent Efvs
only sign the paper and hold M ,srr,,
and 50 II goes on. The law DO, 10, ~.
hibit fictitious transfers Of property. u A,
as my experience goes.
Another English trader expressed 4.
dignation at the ignorance Of mos, 70.
ole regarding conditions govern, =,
Russia's foreign trade policies:
observe that you constantly ny. N,
merchants the Necessity = tad wiz p.
sia. Do you know that M Russian o..
eminent itself discourarcs ttis- A., ~
aware that Russian creditors are NJ. a
lowed 10 send money ~ Fngiana rrl-,
with the special permission ~ ihs Russ,
Ministry ~ Finance and then only =,
quite small sums? Why ~ YOU no, ~ 4,
public that most Of he British bankers -
refuse N advance any more money <
newly collected ruhle- he'd BY banker !,
Russia7 How cnn trade BE- earrlei .,
without money let us by al mear 3
business with Russia. hut surely MOI artrs
the wishes ~ the Russian government.
am prepared 70 Do large hs'n-.
with Russia. have Old customer IN ",
Petrograd and Moscow who want M g..S
badly. am slso p-cos-od - 70 a,,
myself and sell them. have also ne ~
mission Of the British governrcn, n 4
this: hut ~ I cannot remi, money ~
Russia 70 Eng and 7 an checkma,sd ! :
not write this letter IN any spiri, Of kyre
criticism. but. really when read -
articles on trade with Russia ! fee' e'-
PEELED 70 give you some prac'ieal viss, q,
the subject. which may moderate your e
thusiasm.
Hindrances 10 closer trade relates
between Russia and Great Britain y
not be swept away by patriotic fsrv
or after-dinner speeches, says sno,Ar
correspondent, who advocates so-'
mission 20 handle the matter:
The national Interests ~ have ssdS--'
in Russia since the beginning Of ths ~
are so immense and steadily incr-'s'i
that such a commission should a. -
earliest possible moment b brought -
active and permanent oneration. =
we shall again b. PLAYING into tss ~
OF the Germans. who are nov wo-,ri
every agency IN Rra to protect -
trade and We NAV THROUGH o1r on =
let. drive our friend into 80 sr-'
Germany. with an The noss'h'h''s' y -.
alliances looming BOZ the f1irrf. .
chanres 70 our de'rimer' m 30 Foi'a
bias Of the European power