Monday, May. 17, 1926

Stabilize, Execute

The Soviet unit of currency, the chervonetz, continued last week officially at par: $5.15. None the less rumors were current that it had declined fully 17% on the secret "Black Bourse" of Moscow.

Late in the week, three important Finance Ministry officials--Volin, Chepeliovsky and Rabinowitch--were executed, all charged by the Soviet "political police" with "abetting speculation tending to depress the chervonetz."