The Washington herald., 1921-08-13
TREASURY STILL
REFUSES TO TAKE
z BOLSHEVIK GOLD
Receipt of Rubles by
N. Y. Banking House
Raises Point.
MUCH SHIPPED HERE
Passes Through Sweden, How
ever, Where It Is Melted and
Given Swedish Stamp.
MUCH SHIPPED HERE

NEW YORK. Aug. 1.-THE recent
consignment OF a box of gol rubies
to a local banker has reused interest
in the street as to the acccptability
Of gold from Russia. and II has been
inferred that washington might
have adopted a laissez-faire policy
following the Chancery decision the
other day that Soviet gold may be
freely shipped in and out OF Eng
land
Inquiry shows, however. that
there was no letting down Of the
bars here. The rubles lately de-
posted in the vaults OF a we'll
known banking house cannot at
present be accepted by any assay
ONCE or mint in this country.
Must sign Amdayit.
The New York assay ONCE has an
anidayit which must be signed by
the bank or individual offering Rus
sian gold, n follows:
The undersigned owner of a lot
of gold for the purpose of inducing
the. United States to purchase said
gold delivered to the United states
assay ONCE does hereby represent
and warrant that said gold is not Of
Bolshevik origin and has never been
in possession of the so-called Boil
sheyik government of Russia
The undersigned further repre-
seats that il is acting on its own
behalf and not for the account Of
another in offering said gold to the
United States and does forever war
rant to the United states without
any qualifications and reservation
the title of said gold"
Owing to this requirement, con-
signees have found Russian gold so
embarrassing that in several in
stances they have finally shipped II
hack as q white elephant to the port
of departure.
French Claim IL.
In France, particularly, holders of
bonds issued by the Gar have all
ways insisted that the imperial gold
reserves were an asset on which
they had a prior lien; and that any
one accepting gold from the Boil
sheviki. besides dealing with
scoundrels who did not deesrve rec
o-nition," was a receiver of stolen
goods.
Amid the necessities Of a world
which has gradually had to dispense
with luXuries, however. dignified
prejudices have now relaxed to a
point where IL is thought supercili-
Gus to question the past of reminted
or reincarnated bullion: and even
the New York assay ONCE accepts
freely importations bearing the
Ntamp, for example, OF the Swedish
lint.
In this connection bankers point
out the following facts: Gold is
flowing here voluminously, but the
reserves of the allied and Central
European banks show little IL any
decline, whereas the 1851 200, 900
that came into the hands of tLenin
and Trotsky on the downfall of
kerensky is known to be dwindling
toward a point which Secretary
Hoover has estimated at less than
s6o,0oo,ooo Also many of the ma
tons bordering the Baltic have long
been selling goods to Russia for
gold.
May Make Test Case.
Meanwhile. no objection is raised
to Swedish-stampe bars, as is
shown by the 10 cases, valued al
s5.13s,0O0, of which the National
Bank of Commerce has just an
nounced the receipt.
II is suggested in the Street that
the latest consignment OF rubles
may eventually serve as a basis for
a test case.