Russia -- Description and travel; Russia -- Social life and customs
Practically every man of military age throughout the vast empire is
either fighting or training. Before the war many had used influence to
avoid military service, had obtained medical exemption on the slightest
grounds. But there has been a thorough revision, and large numbers have
been recovered. You see the new troops marching and drilling on the
open places of the large towns, in camps on the steppes, and as the
train takes you through the country you see boy-Cossacks prancing about
on their ponies and practising with their lances.
Russia is altogether in the war and for the war. She is doing her
utmost. And her spirit is good. It is well English people should feel
that to-day. And from us should go out to this great people, suffering
and struggling as we are, a great fellow-feeling of gratitude and
generous affection.
X
RUSSIAN MONEY
BEFORE the war for £10 you received 94 roubles, but now you
receive 150. Last year after the great Russian retreat the exchange
stood at over 160, but banks refused to give more than a nominal
exchange. And in order to stop traffic abroad and foreign speculation
in Russian money it was forbidden by law for any one to take more than
500 roubles out of the country. Now, however, the new value of the
rouble seems to have been accepted, and banks generally give the due
exchange value. Although the rouble has slightly improved it is not
anticipated that the paper money will ever regain its guaranteed gold
exchange. Each Russian note is in the form of a certificate that the
State Bank will pay in exchange for it a certain quantity of gold. That
certificate has little value to-day, and it is an open secret that the
Government buys gold at a rate which assumes a lower value for the
rouble. People who have hoards of gold coinage--and they are many in
Russia, for the people are disinclined to use banks--are keeping their
gold, and their action is justified by the privileges which are already
accorded those who can pay the Government in coin. It is expected by
many that at the end of the war the rouble will be assigned a lower
gold value.
One obvious effect of the depreciation of the rouble has been that all
real estate and material belongings have increased in money value.
If you have an estate worth 94,000 roubles before the war, it is now
worth 150,000 roubles, and you are lucky if your fortune was in this
comparatively more real form, of land. People, on the other hand, who
were in debt have found the actual weight of the debt diminishing as
money lost value. This has been particularly noticeable in the case of
people who have mortgaged property. Suddenly it has been possible to
sell the property at a high figure, pay off the debt, and still retain
an unexpectedly large margin.
Public-domain text, read in full here on John Shaqi.
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