New Britain herald., 1921-09-30
BANKING INTERESTS
 TO EXPLOIT RUSSIA
American, English an@ German
 Companies Interested

Berlin. Sept. 30.-(By tho Associat- cd Prcsal American. England and German banking interosts have begun negotiations looking toward co-opera- tion in the rehabilitation of Russia through the financing of industrial enterprises in the Soviet republic. ac- cording tu information which has reached interested commercial circles here.
 The proposed assistance would nat be extended with the conviction that tho Russian government would re- npoct any contracts which might bo made" one of the representatives of VI London house. which is promoting tho movement. declared. Hc added that negotiations were begun only "aftcr it was established that the Soviet government was no longer red but had swung to tho right. and was aiming at sonnet hing essentially the same as the goal of other republican nations"
 The Russian government Is under stood to have been informed of the purpose of tho Amerccn, English and German interests and to have been told frankly there was no intention at this time of making Russia fourth
 
 object of "a soIicitous and profitable movement"
 The Russians arc believed to have take it for granted that the interna- tionAl bankers were planning n benevolent exploitation of Russia, which would not only yield them profit but would help to stabilize the uncer- tain economical situation there.
 Certain Russians hero who have dis played lively interest in these nego- tiations assert there is a possibility they will succeed regardless of whether tho present Russian govern ment stands or falls. although it Is admitted that at this time the only result of he movement has been to secure tho promise of a number of in- dividual but strong. banking houses tn each of the three countries to support the plan if good evidence is offered that the Soviet government will give tho foreign fnaueiors free hand.
 "A number of foreign banks and particularly English concerns already have placed large sums at the dis poaal of tho Russians and also have sold them much merchandise. in many instances extending credit for as long as Ave years" said a German indus trialist who Is interested in numerous Russian movements.
 "Other foreign concerns have natly declined to have any commerce with the Russian Soviet and the actions of these concerns have been widely ad- vertiscd. The fact of tho matter Is and many financicrs see it that. whether the present Russian government pre- vhilA or not vast fortunes arc waiting in Russia for tho men who ultimately must develop tho country's latest re- La NatI Ra Wph hR nf hg present rundown induatres."
 A Russian refugee here. once wealthy and q member of the old regime. not daring to roturn while the Sovicts are in power. nevertheless de- cidcd to devote his efforts to promot- ing plans to exploit" Russia at long range. hoping to share in the profits that will later mako many Rockefel- lcrs of Russia"
 ''I know Russia and I know the Rus Hinns and | understand what kind of n government exists there" this man declared. This government. which hna prevailed notwithstanding prophe- dies of it's downfall every month for the last four years, will not be im- mediatoly oveFthrown but gradually will give way. as 1t has been giving way. to a less radical and a moro reasonable regime.
 The new government VIII represent tho different classes of Russia and through its agency there will eventual iy arise the United states of Russia- n United States richer In natural re- sources than tho United States of America. f-his new state. deprived of ready money by war and revolution, will welcome tho advent of foreign capital and foreign experts and I am convinced they will reap profits ns they SOW Investments"
 Hc expressed the belief that the present negotiations. which he said he had understood were proceeding "sccretly," would in a large measure succeed. although responses from America had not indicated the pro- posal was being considered there as favorubly as in England and Ger many. The Germans arc particularly anxious to cooperate with tho Eng VtMN. A