Russia of To-day by John Foster FraserRussia of To-day by John Foster Fraser

Russia of To-day

byJohn Foster Fraser

Paperback | October 12, 2012

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ... CHAPTER V HOW GERMANY CAPTURED THE RUSSIAN MARKET In the vaults of the Russian State Bank is gold representing about £170,000,000, which is the biggest nest-egg of the real metal there is in the world. But you may travel from Petrograd to Vladivostok and not see enough gilt currency to pay for a luncheon at the Savoy. It is paper, paper everywhere, with never a golden chink. If, in England, a frowsy and generally unkempt man, with uncleaned boots and a collarless shirt, entered a bank for the purpose of changing a £100 note the police would be sent for. In Russia you can meet old fellows, bearded, hands stunted with labour, fiannel-shirted, top-booted, peak-capped, all suggestive of the artisan class, who are carrying a couple of thousand pounds in their pouches for current expenses. Russia has some fine joint-stock, commercial, and other banks, and in impressiveness of structure they rival the granite-and-gilt palaces of our insurance companies. But your ordinary provincial business Russian is shy of banks. He does not doubt their honesty. To hand his money over a counter, however, and get nothing but a hieroglyphic on a sheet of paper for it, and to be aware that the money is not stored in a cellar, but is lent out, is invested in property which may not be a success--well, he will agree it is right to bank, but he personally prefers to keep his belongings. So there are hundreds of thousands of Russian business men who have never had a banking account in their lives, and whose wealth is represented by high-denomination notes in a leather bag, attached to a string, and carried round the neck. Consequently the cheque system, as we understand it in England, except in limited instances in the great cities, is practically...
Title:Russia of To-dayFormat:PaperbackDimensions:70 pages, 9.69 × 7.44 × 0.15 inPublished:October 12, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217042910

ISBN - 13:9780217042918