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Show BANKRUPTCY OF THE RUSSIANS German Paper Publishes Proceedings Pro-ceedings of a Secret Meeting Meet-ing on Finances. Berlin, Aug. 24, by wireless to Saj- vme. ine vossiscne Zieuung puu-lishes puu-lishes what purports to be the stenographic steno-graphic report of a secret meeting of the finance committee. Russian imperial im-perial council, at which the financial status of the empire and the outlook were compared, the Overseas News Agenoy says today. "Count Kokowzew (V. N. Kokovs-off), Kokovs-off), formerly premier and minister of finance drew an awkward picture of financial conditions," says the news agency In Its abstract of the Vossl-sche Vossl-sche Zeitung's report. "The last popular pop-ular loan, he declared, realized only 400.000,000 rubles ($200,000,000) Instead In-stead of a billion, the remainder figuring fig-uring an asset In state banks, while the balance sheet of the budget shows a deficit of 500,000,000 rubles. He pointed out that the unlimited issue of paper money would lead to national na-tional hankniDtcv. "Finance Minister Bark replied that a foreign loan was out of the question ques-tion under present circumstances, as France and England would be unable to carry a Russian loan, being themselves them-selves in dire financial stress. Paris and London, he said, had promised a new loan after meeting their own means which made a loan to Russia Impossible at the present time. "Imperinl Councollor Rosaro declared de-clared that Russia faces an immediate imme-diate financial catastrophe. Nothing was to be expected from her allies, he said, and the only salvation lay in America, He advocated that the gov- eminent announce that It would give 1 150 rubles in paper for 100 In gold; I that it confiscate without exception I all gold, Jewelry and valuables in I private hands; that It lower Import I duties upon war materials, and that 1 a loan be obtained from America In payment for material purchased B "Political circles consider the meet- I Ing as a declaration by Russia of un- 1 avoidable bankruptcy and do not con- I sider that the projected trip of the 1 finance minister to Paris and Lon- I don will result in a change in the I situation " I |