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Updated: May 4, 2025
The Committee next passed to the consideration of the Extraordinary Tax levied on the propertied classes. Krestinsky, Commissary of Finance, made his report to a grim audience, many of whom quite frankly regarded the tax as a political mistake. Krestinsky is a short, humorous man, in dark spectacles, dressed more like a banker than like a Bolshevik.
February 20th. To-day was an unlucky day. I felt tired, ill and hungry, and had arranged to talk with both Rykov, the President of the Supreme Council of People's Economy, and Krestinsky, the Commissar of Finance, at such awkward times that I got no tea and could get nothing to eat until after four o'clock.
He was followed by Krestinsky, who pointed out that whereas the commissariats were, in a sense, altered forms of the old ministries, links with the past, the Council of Public Economy, organizing the whole production and distribution of the country, building the new socialist state, was an entirely new organ and a link, not with the past, but with the future.
I asked if the new money was better looking than the old, if it looked more like money that was worth having than the wretched little notes printed by the Provisional Government and scornfully called "Kerenkies" by the populace. Krestinsky said he was afraid not, but that the second and final exchange would be made in notes which they expected to be permanent.
I searched the list in vain for the names of such prominent leaders of the Bolshevist movement as Bucharin, Rakovsky, Miliutin, Raskolnikov, Shliapnikov, Latzis, Rykov, Stalin, Krestinsky, Bonch-Brouyevich, Dybenko, Dzerzhinsky, Krylenko, Gorky, Andreyeva, Nogin, Platakov, Kalinin, Boky, and many others less well known.
After leaving Rykov I went to see Krestinsky, the Commissar of Finance, the curious little optimist whose report on the Extraordinary Tax I had heard at the last meeting of the Executive Committee. I found him in the Ilyinka street, in the Chinese town. I began by telling him that I did not believe that they meant to pay the loans.
They will, however, be made to disgorge their ill-gotten gains when the measure first proposed by Sokolnikov last summer is put into practice. This is a general exchange of new money for old, after which the old will be declared invalid. "Of course," said Krestinsky, "they will cheat in every possible way, scattering out the money among a number of friends and relations.
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