| Show RUSSIAN FINANCIAL AGENT IS OUT IN A LETTER TO THE LONDON PRESS London March 28 M the Russian financial agent in London has sent a long letter to the London newspapers protesting vigorously against what he be calls the deliberate I campaign carried on the past three years not only by the British press but tout also through organs connected with Avith the British press in America and andin andin andin in France to damage Russian credit toy by Ib predicting Insolvency and revolution revolution tion Uon Tho The letter says Millions of families in Europe have haAe invested the savings sayings of a life Ufe time in Russian securities and und would be ruined t by y the sale of the bonds in a panic It Itis Itis Itis is criminal to attempt to ruin such people by b and amid misrepresentations misrepresentations misrepresentations and in an individual case any an court of law would award dam darn damages damages ages to the sufferers M lf proceeds to deny that V Russian budgets are in a chronic state of deficit On the contrary contra he says sa s the surplus of ordinary income over expense the past ten years aggregated which has been spent not unproductively but mostly for the pur purchase purchase purchase chase and construction of new neAV railways and the conversion of high interest debts d Further he says ays it i is not true that the revenues re of the railroads do not cover the working expenses On the contrary the revenues venues re not only cover over expenses but also meet all fixed charges and with the development of new nel country will Avill toe le still more pro productive productive He then g gives es s details of the state debt contending that the British na ima national national debt required much larger large r an annual annual annual nual expenses for interest and sinking fund in proportion to the national in iii income come than does the Russian national debt and that there is nothing to alarm Russian investors in view ie of the coun tr s practically unlimited resources In Iii conclusion M 31 1 de do declares declares clares dares his conviction that public opts opinion ion does not approve of the campaign which he asserts has been carried on from front political motives |
