Letter to Leon Trotsky, September, 1921

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The wail about the lack of money is general and universal. We could very well blow up. In all the localities there is a feverish (they say) effort to sell everything, and every imaginable thing is being offered for sale. Everyone everywhere is howling. I don’t know what else can be done and how. Perhaps you will personally go to see the Preobrazhensky Commission[1] or have a talk with him?

Here is a small example: In October, Rukhimovich will supply up to 5 million poods of coal from the small lease-holders in the Donbas. How are we to pay them? Where is the money to come from?

We are late. The commercial tide is stronger than we are. The Finance Commission and all of us are behindhand. I have just sent over to Comrade Preobrazhensky your note about the bills.

  1. The Preobrazhensky Commission, a Finance Commission of the RCP(b) CC and the CPC, was set up on Lenin’s proposal soon after the Tenth Party Congress to work eat aspects of financial policy in connection with the switch to the New Economic Policy.