The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-10-02
REHABILITATION OF
RUSSIA PLANNED BY
BANKING INTERESTS


land and German banking interests
have begun negotiations looking to-
ward cooperation in the rehabilitation
of Russia through The financing OF
industrial enterprises in the Soviet
republic, according to information
which has reached Interested CONNER
cial circles here.
The proposed assistance would not
be based upon a recognition of the
present government Of Russia but
would be extended with the convic-
tion that the Russian government
would respect any contracts which
might be made" one of the repre-.
sentatives of London house. which
is promoting the movement, declared.
lie added that negotiations Were be-
gun only "after il was established
that the Soviet government was no
longer red but had swung to the
right and was aiming at something
essentially the same as the goal OF
other republican nations"
The Russian government is under
stood to have been informed of the
purpose Of the American. English and
German interests ana TO have been
told frankly there was no intention
at this time Of making Russia
fourth party to the contract, but only
the object Of "a solicitous and profi'
table movement"
Tho RusSans ar, believed to have
taken II for erdnted hat the in.
ternaliaral bankers ~werc planning "a
benevolent exploitation" of Russia
which womb not enly yield them
rrofit bat would nelp 10 stabilize n
uncert; u 'coGomi,al situation there.
Certain Russians here who haze dis.
played lively interest IN these nego
tti4ions assert tbcro il =. possibility
tfcy with succeed regardless Of Wheth-
er the present Russian government
stands or fails. although it is admit
Ted that at this time tho only result
OF the movement has been TO secure
the promise OF number of individual
bur strong hQnling houses in each
OF the three countries TO support the
plan if good evidence Is offered that
the Soviet government will give the
foreign financcrs free hand.
"A number of foreign banks and
particularly English concerns already
have placed large sums at the dis
posal of the Russians and also have
sold them much merchandise. in many
instances extending credit for as long
as five years said a German indus.
trialist who is interested in numerous
Russian movements.
Other foreign concerns have ,flatly
declined TO have any commerce with
the Russian Soviet~and the actions of
these concerns have been widely ad.
vertisod The fact of the matter is,
and many financicrs see it that
whether the present Russian govern.
ment prevails or not vast fortunes
are waiting in Russia fer the men who
ultimately must develop the country's
latent resources, as well as rehabili
tate the present rundown industries.
A Russian refugee here. once veal
thy and n member OF The old regime
not daring 10 return while the Soyiets
are in power. nevertheless has de-
cided to devote his efforts to promot-
ing plans to exploit Russia al long
range. hoping O. share in the profits
That will later make many Rockefel-
lers OF Russia"
~ know Russia ami / know the
Russians and understand what kind
Of q government exists there now.
this man declared This government
which has prevailed notwithstanding
prophecieg Of It's downfall every
month for the last four years viii not
be Immediately overihrown but grad
ually VIII give way, as 20 has been
giving way, TO q les radical and
mors reasonable regime.
"The new government will represent
the different classes Of Russia and
through its agency there viii even
tually arise The United States Of
Russia United states richer in
natural resources than the United
states OF America. This new state,
deprived Of ready money by war and
revolution. will welcome the advent
Of foreign experts and / am convinced
they will reap profits as they SOW
investments
He expressed the belief that the
present negotiations. which he saie
he had understood We're proceed.
ing secretly would in large
measure succeed although responses
from America had not indicated III,
proposal was being considered there
as fgavoably as in England and Ger.
many. The Germans are PARTICULARLY
anxious TO cooperate with the Eng
lsh and the Americans. he explained.
for even individual commercial ALI.
ances represent to them another link
in friendship which may later rc
suit In n new Germany, able again TO
take her place among the great fin
ancial powers Of the world