LESSON FROM RUSSIA
HOW WITTE SAVED THE; ROUBLE.
LONDON, 13th March. Hie -Daily Telegraph's" political ob- - server says that the French Government intends to fight for the franc by burinall quantities offered by speculators "and the., inexorably demanding rea l delivery" instead of permitting settling on mar-
France has been studying the methods Count \\itte used in the.'nineties" to slop- rouble speculations in Berlin On one occasion a car-load of gold was^ent Irani Russia and the firm..of Mendelssohn ordered to buy up all routles onW At a\ the week, and at the end the -Uendelssohns demanded delivery The Kussian Ministry of Finance was besieged by speculators clamouring for mercy, which was only given on conditions which forced them to leave the rouble alone for many years.
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Bibliographic details
Evening Post, Volume 63, Issue 63, 14 March 1924, Page 7
Word Count
126LESSON FROM RUSSIA Evening Post, Volume 63, Issue 63, 14 March 1924, Page 7
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