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Internal Soviet Economics. Institutions of a "capitalistic" nature are slowly being reintroduced into Russia. An example in point is money. Up to 1921, the Soviet authorities continuously debased the ruble by inflation until it all but vanished, with the avowed intention of employing thereafter a system of communal barter into which money would not enter. Since 1921 a reversal of this policy has resulted in the creation of a new State Bank and the introduction of the Tchervonets (plural "Tchervontsy"), a monetary unit equivalent to 10 pre-war gold rubles...

Author: /time Magazine | Title: RUSSIA: U. S. Relations | 6/28/1926 | See Source »

...failed, they might pay him back whenever they could. He was not an insistent creditor. He counted his judgment as much a part of the investment as their honor. And it was against his instincts to "sell out"; once he had built something, he kept it. He did not barter, destroy, amalgamate and otherwise treat newspapers and newspapermen as impersonal bits of merchandise in the manner of his late contemporary, Publisher Munsey. A publisher of the highest order, he remained always a newspaperman himself, sticking to the platform that he wrote for the first issue of the Penny Press...

Author: /time Magazine | Title: Newspaperman | 3/22/1926 | See Source »

...cannot now and will not later accept compulsory arbitration. We do not propose to barter away for a mess of pottage the inherent and individual rights of the anthracite workers. Our people are anxious to work, but not at the price of their freedom and manhood...

Author: /time Magazine | Title: COAL: Strike's Progress | 2/15/1926 | See Source »

...Geneva and at Paris diplomats dropped a pregnant word or two anent M. Caillaux's mission. "Set all question of figures and barter aside," said they. "If America expects any sum to be repaid by France over a period of 60 or 70 years, she is deluded. Grey-bearded men, yet unborn will not pay taxes to America in 1980. There was no Italy 60 years ago; will there be a France in 60 more? Sixty-two years ago the dollar was worth only a franc; it may be worth less than that in another...

Author: /time Magazine | Title: FRANCE: Comes Caillaux | 9/28/1925 | See Source »

...understand the justice of Senate rules under which, at times, one senator exercises a power greater than the veto power granted by the Constitution to the President of the United States; under which, at times, one senator can render the Senate impotent, and under which secret legislative barter is encouraged, which not only modifies the due course of legislative processes, but legislation itself." Almost simultaneously with the making of Mr. Dawes' speech, appeared Senator Moses' "reply"-an article in The Saturday Evening Post. His remarks were more discursive than Mr. Dawes', but in their course he made...

Author: /time Magazine | Title: THE CONGRESS: Dawes vs. Moses | 7/6/1925 | See Source »

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