Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1921-10-03
F[R|CAN BANKERS
l JOIN IN AIDING
7 RUSSIANS


hooun negotiations looking to-
generation in the rehabilita-
a Russia through the financing
,dnstrial enterprises in the Soviet
Lille according to information
:, has reached interested COM
,cial circles here.
rbe proposed assistance would not
based upon a recognition of the
conf government of Russia but
Dld be extended with the convic-
that the Russian government
lid respect any contracts which
INF be made," one of the represen-
,;vos of a London house, which is
Dmoting the movement, declared.
added that negotiations were be-
only latter it was established
/ the Soviet government was no
ger red but had swung to the
,ht and was aiming at something
entially the same as the goal of
Ter republican nations"
Fbe Russian government is under
sod to have been informed of the
,rpose of the American, English
n German interests and to have
In told frankly there was no in
ntion at this time of making Rus
fourth party to the contract,
only the object of "a solicitous
IA profitable movement"
E The Russians are believed to have
ken it for granted that the inter-
Xational bankers were planning "a
|enevolent exploitation" of Russia,
sbich would not only yield them pro-
b but would help to stabilize the I'M
|sfatain economical situation there.
Certain Russians here who have
bplayed lively interest in these ne
tiatiOns assert there is possibil-
they will succeed regardless of
hether the present Russian govern
ent stands or falls, although it is
omitted that at this time the only
|11Bult of the movement has been to
Eure the promise of a number OF
<hdividual but strong, banking hous-
3 in each of the three countries to
import the plan if good evidence is
fered that the Soviet government
III give the foreign financiers a
lee hand.
IA number of foreign banks and
IartiCularly English concerns already
ve placed large sums at the dispo-
y of the Russians and also have
"a them much merchandise, in ma
d instances extending credit for as
pig as five years." said German
zndustrialist who is interested in nu-
aerOus Russian movements.
"Other foreign concerns have fiat
. declined to have any commerce
nth the Russian Soviet and the ac-
fpns of these concerns have been
Hdely advertised. The fact of the
latter is, and many financiers see it
taat wether the present Russian gov
sfnment prevails or not, vast fort
pes are waiting in Russia for the
pen who ultimately must develop the
@untrys latent resources, as well as
FhaOiIitate the present rundown in
2hstries."
Ia Russian refugee here, once
1ealthy and member of the old re-
Rme not daring to return while the
aOVlets are in power, nevertheless
MS decided to devote his efforts to
FOmoting plans to exploit" Russia
! long range, hoping to share in
ne profits that will later make many
sAOckerfeIlers of Russia"
j l know Russia and | know the
russians and | understand what kind
! government exists there now,''
alS man declared. "This govern
peht which has prevailed notwith-
Rana'ng prophecies of it's downfall
Fey month for the last four years,
~ not be Immediately overthrow
II gradually will give way, as it has
IL giving way, to a less radical
~ more reasonable regime.
Inc new government will repre-
eent the different classes of Russia
''u through its agency there will
eehtuaIly arise the United States
Kussia-a United States richer in
r4'ural resources than the United
''a'es OF America. This new state
ItpFl'ed Of ready money by war and
e'olunon, will welcome the advent
foreign capital and foreign ex.
Is'S and | am convinced they will
up profits as they sow investments
ne expressed the belief that the
'Sent negotiations, which he SAID
mad understood were proceeding
secretly would in a large measure
'l'eeed, although responses from
'H'erica had not indicated the pro,
''S"i was being considered there as
'Orable as in England and Ger.
any The Germans are particular.
|. anxious to cooperate with the En-.
,Sn and the Americans, he explain.
II h, Tor even individual commercial