VII—THE FINANCIAL NEWS
The war finance, as I remember it, always supplied items of the most absorbing interest. I do not mean to say that I was an authority on finance or held any official position in regard to it. But I watched it. I followed it in the newspapers. When the war began I knew nothing about it. But I picked up a little bit here and a little bit there until presently I felt that I had a grasp on it not easily shaken off.
It was a simple matter, anyway. Take the case of the rouble. It rose and it fell. But the reason was always perfectly obvious. The Russian news ran, as I got it in my newspapers, like this:—
"M. Touchusoff, the new financial secretary of the Soviet, has declared that Russia will repay her utmost liabilities. Roubles rose."
"M. Touchusoff, the late financial secretary of the Soviet, was thrown into the Neva last evening. Roubles fell."
"M. Gorky, speaking in London last night, said that Russia was a great country. Roubles rose."
"A Dutch correspondent, who has just beat his way out of Russia, reports that nothing will induce him to go back. Roubles fell."
"Mr. Arthur Balfour, speaking in the House of Commons last night, paid a glowing tribute to the memory of Peter the Great. Roubles rose."
"The local Bolsheviki of New York City at the Pan-Russian Congress held in Murphy's Rooms, Fourth Avenue, voted unanimously in favor of a Free Russia. Roubles never budged."