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Letter to the Politbureau of the RCP(b) CC, October 11, 1921
Written in connection with M. M. Litvinovâs letter of October 10, 1921, which said: âComrade Vorovsky several times telegraphed and wrote to us about the Italian banks being prepared to grant us a loan with the knowledge of the Italian Government.â On the letter are Leninâs markings (Central Party Archives of the Institute of Marxism-Leninism of the CPSU Central Committee).
I consider the matter of exceptional importance and urgency, because to conclude a loan with Italy, which is not demanding recognition of the old debts, might mean a break through the financial blockade.
I propose a secret commission from the Politbureau right away with a short term (2-4 days). Let us say, with the following on it: Litvinov, Scheinman, Radchenko, Krestinsky (with the right of his substitution by another member of the Collegium of the Peopleâs Commissariat for Finance), and Bogdanov (with the same right).
The guarantee may be: timber (concession in the north); oil on the Ukhta; oil on the Emba; copper mines, etc.
11/X.
Lenin
(Commissionâs assign merit (2-4 days):
the Italian proposal specifically
and then general basis of guarantees.)