daily for whatever it will bring in food, for its value will collapse utterly when the dictatorship bursts, leaving the country financially prostrate, without credit or means of exchange. This is one of the greatest bunco games ever practiced upon workingmen. Eyre describes it in a cable dated March 3, 1920, and published in the "New York World" of March 4, 1920, from which we quote:
"In 'the Socialist Federative Republic of Soviets of Russia,' to give the Bolshevik land its official title, no mention has been made of finance. The reason for this is simple. There is no finance, in the European or American sense of the word, in present Russia. The Soviet Government pays its own people what it has to pay in paper money, of which it prints unlimited quantities. Being determined eventually to abolish money altogether in favor of Communistic exchange of products, it is not worried about depreciation in the value of its currency. It possesses about 1,000,000,000 rubles--the exact amount is kept very secret--in gold, with which it intends to pay for goods purchased abroad until it can establish a system of barter with foreign commercial interests. From the capitalistic viewpoint its budgetary expenditures are chaotic, but in Communistic eyes they are both sane and logical."