Monday, Aug. 31, 1936

Enemy Flag

One afternoon last week, 15 minutes before the close of the New York Stock Exchange, a few brokers raised their eyes to the two flag staffs at the northeast end of the trading floor, observed that the New York State flag was missing from its place beside the U. S. flag. Instead, they beheld the red banner of the Union of Socialist Soviet Republics, its golden hammer & sickle stirring gently under a slight draught. At this unprecedented sight, a group of reactionaries hissed, booed, catcalled.

Five minutes later, accompanied by Exchange President Charles R. Gay, the man the Red flag honored arrived in the private gallery of the Exchange: Soviet Russia's Ambassador to the U. S. Alexander A. Troyanovsky, escorting Soviet People's Commissar for Food Industry Anastas Mikoyan. Capitalists never had a more implacable enemy than Commissar Mikoyan. He is a genuine, bomb-throwing Old Bolshevik, who, with the final Soviet victory, rose to high Communist rank in the Caucasus. Last week he politely drew out President Gay on operations of the Exchange, was surprised to be told that U. S. banks have no memberships on the Big Board.

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