To the Editor of the NortH-Cuwa Datny News"
St—I have long waited for' your correspondent, Mr. V. Volkoff, to give your readers further pay: ticulars as to the stability of the Phantom chervonetz, the Bolshevik monetary unit, and the specie of the "State Bank of the U.S.S.R." There may be interests here in China anxious to do business, 80 why this reticence on the part of Comrade V. Volkoft The alien stranglers of Russia—with the enormous funds in gold, property, and securities confiscated, and the continued revenue from an existing but diminished annual prore enabled to impose on ized peoples all the appearances of a nation governed for its people. There was the instance, for. illustration, of the Pecos Trading Syndicate, which visited Russia full of optimism, and returned with admiration for the coming reconstruction of finances, but with the admission that the obstacle to trade was lack of assurance as to pai ment for goods shipped. The absolute necessity for certain goods has led to the compulsory parting. with some of the stolen gold. The lo solvent Stars in lions more i including a gold and platinum reserve, portable in case of a Soviet exodus from Russia. A note says the chervonetz contains 119.1826 grains of pure gold (observe the accuracy to four places of decimals), equal to Gold 85.142, or £1-1.12d. 'A palpable for its only security is the tempora ary interests of about 12 of the most infernal rascals unhanged.
In his letter to you dated January 13, Comrade Volkoff again tries to impose on the credulous by stati that workers in. the Soviet naphtha fields have salaries exceeding the pre-war rates. This is certainly not the case the Soviet Coal Competition and an interesting explana-of the causes that enable the Bolsheviks to compete with British coal on the Mediterranean and Nest ast markets was recently given ie fourth session of Centr:
1 Committee of Soviet mi report read to the Com bramoff it was wage in mining industry ig the fis 1 year 1924-1925 w:
es 95 kopecks per month {isc about Mex, 83 per month). The' coal miner's average way? worked out at 37 roubles 48 kopecks per month (ie, about Mex. month). The general averaize wat in the whole of the mining indust has so far reached te only 35.8 per cent. of that paid before the war."
Comrade Volkoff further states—
"1 do not know any thing about General Count Spiridoviteh and my suggestion is that the name is taken from some detective's novel of the Melgounoff brand." (The latter is the name of the author of one of the most dreadful books ever printed; a terrible indictment of the Bolshevik infamy entitled—"The Red Terror in Russia.")
Major-General Count Cherep-Spividovich, is a well-known Russian officer and devout Christian who before the war wrote several books of great political importance. His last' book: has ven recently published by the Anti-Bolshevist Pub-
Text read from the printed page and cleaned; old type leaves the occasional error.