Autobiography of Andrew Dickson White — Volume 2White, Andrew Dickson
History
Autobiography of Andrew Dickson White — Volume 2
White, Andrew Dickson
Cornell University; Diplomats -- United States -- Biography; White, Andrew Dickson, 1832-1918
On this point he differed widely from his predecessor in the
finance ministry, Wischniegradsky. I had met the latter years
before, at the Paris Exposition, when he was at the head of the
great technical school in Moscow, and found him instructive and
interesting. Now I met him after his retirement from the finance
ministry. Calling on him one day, I said: "You will probably
build your trans-Siberian railway at a much less cost than we
were able to build our first trans-continental railway; you will
do it directly, by government funds, and so will probably not
have to make so many rich men as we did." His answer impressed me
strongly. He said: "As to a government building a railway more
cheaply than private individuals, I decidedly doubt; but I would
favor private individuals building it, even if the cost were
greater. I like to see rich men made; they are what Russia most
needs at this moment. What can capitalists do with their money?
They can't eat it or drink it: they have to invest it in other
enterprises; and such enterprises, to be remunerative, must meet
the needs of the people. Capitalists are far more likely to
invest their money in useful enterprises, and to manage these
investments well, than any finance minister can be, no matter how
gifted."
That he was right the history of Russia is showing more and more
every day. To return to M. de Witte, it seemed strange to most
onlookers that the present Emperor threw him out of the finance
ministry, in which he had so greatly distinguished himself, and
shelved him in one of those bodies, such as the council of state
or the senate, which exist mainly as harbors or shelters for
dismissed functionaries. But really there was nothing singular
about it. As regards the main body at court, from the grand
dukes, the women, etc., down, he had committed the sin of which
Turgot and Necker were guilty when they sought to save France but
found that the women, princes, and favorites of poor Louis XVI's
family were determined to dip their hands into the state
treasury, and were too strong to be controlled. Ruin followed the
dismissal of Turgot and Necker then, and seems to be following
the dismissal of De Witte now: though as I revise this chapter
word comes that the Emperor has recalled him.
No doubt Prince Khilkoff, who has come in as minister of internal
communications since my departure from Russia, is also a strong
man; but no functionary can take the place of a great body of
individuals who invest their own money in public works throughout
an entire nation.
Public-domain text, read in full here on John Shaqi.
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