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Updated: May 21, 2025
"M. Touchusoff, the new financial secretary of the Soviet, has declared that Russia will repay her utmost liabilities. Roubles rose." "M. Touchusoff, the late financial secretary of the Soviet, was thrown into the Neva last evening. Roubles fell." "M. Gorky, speaking in London last night, said that Russia was a great country. Roubles rose."
All that one needed to know was what M. Touchusoff and such people were going to say, and who would be thrown into the Neva, and the rise and fall of the rouble could be foreseen to a kopeck. In speculation by shrewd people with proper judgment as to when to buy and when to sell the rouble, large fortunes could be made, or even lost, in a day. But after all the Russian finance was simple.
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