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Special pages :
Letter to Yevgeni Preobrazhensky, March 27, 1921
Source: Lenin Collected Works, Progress Publishers, 1976, Moscow, Volume 45, pages 106b-107a.
27/III.
Comrade Preobrazhensky:
The “co-operative” circles, headed by Prokopovich, Kuskova & Co., are said to wish to make this proposal to the government:
we shall help you to restore the currency, if you allow us to issue bonds secured by our (co-operative) commodity stocks.
This is ridiculous, because it is tantamount to the capitalists’ proposal: we shall help you to restore the currency, if you let us have commodity stocks.
But apart from being ridiculous, it emphasises the gist of the matter: we must start just now, when the tax in kind and the exchange (for grain) are being introduced, to make systematic preparations to “improve” the currency through the issue of bonds secured by commodities (the commodity stocks, the grain stocks, etc.).
There must be no delay over this. This should be thought out, prepared and started, without waiting for the settlement of the silver issue.
Have you brought all this up for your commission, and in it?[1]
Drop me a couple of lines by 11 a.m. tomorrow (28).
We shall appoint you a member of the Collegium of the People’s Commissariat for Finance, This will not take much time, but will put you in touch with the P.C.F.[2]
Give your attention to Falkner (him; “her”[3] brother). Perhaps he will move closer to us and join in the work?
With communist greetings,
Lenin
- ↑ A reference to the Finance Commission of the RCP(b) Central Committee and the CPC, set up on Lenin’s proposal soon after the Tenth Party Congress to work out financial policy in connection with the switch to the New Economic Policy. Its chairman was Y. A. Preobrazhensky.
- ↑ On March 28, 1921, the Politbureau of the RCP(b) Central Committee and on March 29, the CPC adopted a decision to include Y. A. Preobrazhensky in the Collegium of the People’s Commissariat for Finance.
- ↑ Maria Smith-Falkner, S. A. Falkner’s sister.—Ed,—Lenin