I began to see the possibilities of the money market.
"I was round about there till the Armistice," Jones went on, "then I drifted by stages to South Russia. All the Eastern countries live by exchange. Practically the only trade they have is playing tennis with each others' currency, and the headquarters of the industry in 1918 was South Russia. I thought I'd seen the limit of low finance when I'd experienced the franc, lira, drachma, dinar, lev and piastre; but they were all child's play to the rouble in 1918."
"I thought Russian money was all dud before that," I remarked.
"Not a bit of it," said Jones. "You see, it's not as if there were one breed, so to speak, of rouble. There were Kerensky roubles, and Duma roubles, and Nicholas roubles, and every little town had a rouble-works which was turning out local notes as hard as they, could go. I missed a fortune there by inches."
"Tell me," I said, in response to his anecdotal eye.
"I had a job there which consisted of going backwards and forwards on the railway between Otwiski and Triadropoldir in the Caucasus, a six days' trip. The possibilities of the situation never struck me till one day I, asked a shopman in Triadropoldir to give me my change in Otwiski roubles—both towns had their own currency, of course. He gave me five Otwiski roubles for one of his own town. I thought a bit about that, and when I got back to Otwiski I tried the same thing, and found I could get three Triadropoldir roubles there for one Otwiski."
"I see," I remarked, as the beauty of this arrangement dawned upon me.
"All I had to do therefore was to change my money in Otwiski for three times as much Triadropoldir currency, and then go up the line to the other place and change it back again, making fifteen hundred per cent, on the round trip. Of course you couldn't always change the full amount, but in a couple of months I had sixty thousand roubles—my valise was crammed with them—and I was only waiting to get down to the Field Cashier to change out and make my fortune."
"And did you?" I asked.