Salt Lake Telegram | 1921-09-04 | Page 13 | Money-Mad Russia

S l M Money Mad oney- oney M a d Russia R. 1 I 4 S SHE HE E currency situation in sovi soviet t Rus Russia ia Wo would td 4 Jt b be laughable did it if not so tragically affect pillions of people who have permitted themselves them them- s selves elves es' es 10 to be misgoverned by a coterie of wholly ii i incompetent competent comp tent theorists and criminal idealists Several mont months s ago it was was' admitted by the sOviet soviet leaders th that t the issue of paper money ioney had reached the almost inconceivable amo amount nt of a trillion rubles Judging from an Associated Press Press' re report brt from front Moscow giving the prevailing quotations quotations quo quo- for various articles of food i it is natural t to presume that the issue of paper rubles h has s at 1 least st doubled during the pres present nt year For Fo instance it is stated that white bread now is selling at rubles a pound whereas the tile price a a few months ago was 2500 rubles a pound nd A An apple it is stated costs 1000 rubles rubIes while hile cab drivers charge rubles for a h mile half lf ride 1 I Previous to 10 the W war r the normal value of the juble ble was 50 o cents in American money Now f jt it is is declared that S 1 loo 00 can can be exchanged for rubles In other words rubles are e worth no more today than was vas one cent So-cent ruble r previous to the outbreak of the World war Restricting the issue of S ruble one notes notes- the currency y of Russia has reached a point where the money actually is not worth the paper that it t is printed for on the amount of p paper per pe required for oOOO one ruble notes could Gould not be p purchased pur pur- r- r chased for chased sed for an American half 17 t V. V The The remark emark of a leading communist who laughingly discussed the decline in the va value ue of ruble that it is as easy to print 1 ooOO ruble notes as the ruble bills H as it is only rily a matter of adding a few cyphers shows the oj extreme idiocy of the soviet rul rulers rs in r relation lation to either ither private or governmental financial or busi- busi hess ess affairs I