The Birmingham age-herald., 1919-06-05
SEE HOPE FOR
 RUSSIA'S FUTURE
By HOLLAND

Kew York June 4.-(Special. )-What- ever may be the immediate effect of the preliminary action which has been taken by a group of bankers with intent to learn if possible in what way those who hold the Russian government external loan notes may be best protected, there is certainly one very significant feature as- sociated with the first conference of the bankers, which should be gratifying to those who are beginning to be per suaded that cut of chaos and anarchy and bolshevism, Russia is to emerge as a strong responsible federated nation.
 In a recent address by pr. Nicholas Murray Butler president of Columbia uni- versity he hinted that before very long the world will know that a new Russian government, a federated Russia, presum- ably a republican Russia, will be estab- lished and that it will receive the con fidence and support of the other nations
 The action taken by the bankers a day or two ago with the view of protecting those who hold the Russian government external loan, $50,000 900 in all, makes it ma tier of strong inference that our finan- cial leaders are in possession of infor- nation similar to that upon which Dr. Butler based his prediction. The bankers are in touch with strong financial influ
 
 Butler has had intimate personal rela- tons with some of the leaders in the governments which are now, and which, after we entered the war, were our allies It is assumed that both our financial lead- CTS and Dr. Butler have received infor- nation which justifies the belief that new and ultimately strong and responsible Russia is to be developed out of the ruins of chaos and bolshevism.
 ;- ;,xfa far 1c ha n n concerned, is justified by the confidence which the bankers did not hesitate to express that by and by, perhaps soon, per- haps after year or two, the principal and interest of these Russian bonds Will be made good. But they cannot be made good unless new and strong government is established in Russia.
 There was a time not long ago when the prevailing sentiment among the lead CTS in our financial world was that of grevious apprehension lest Russia be ut terly destroyed, anarchy prevail and the day when Russia would find herself would be far distant. Now there is a change of opinion. The men of finance hope and in fact are now persuaded. that there will speedily be organized a responsible government in Russia.
 If that be done the opportunity of the United States for giving and receiving benefits vii be almost inconceivably great. Russia has abundance of resources that with strong government can be prop erly mobilized and undoubtedly one of the first steps taken by the new government would be in the direction of placing the financial system of Russia upon sure and firm foundation. Then there will follow opportunities for the United States to furnish Russia with needed raw ma terial, probably in enormous amounts, as we'll as railroad and other equipment, and with all the modern utensils, most of them of American invention which facili . tates agriculture. Some of the authori- ties here are inclined to think that in due time our interna tional trade with Russia, facilitated as it will be by the ex- tenton of American credits. will equal if not surpass our trade with any other country across the sea.