Gold

In 1914, Russia had a gold deposit valued at $847,500,000. Owing to a London transfer, the Bolsheviki inherited only $582,000,000. Of the last sum, $350,000,000 was transferred to Kazan, where Admiral Kolchak was prompt to seize $340,000,000--all of which was in one way or another dissipated. The Bolsheviki, however, recouped themselves by their victories to the extent of $320,000,000 and, therefore, were the net losers of only $20,000,000. Thus, Communism inherited $562,000,000 worth of Capitalism's estate.

This is the substance of a bankers' report published in Paris last week.