Modern Russia
Modern Russia
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In our eReader you can find the full English version of the book. Read Modern Russia Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Modern Russia
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The 4 per cent, stock of 1893 (the 5th), issued at 97'25, stands at 75. The 4 per cent. Consolidated Loan (the 3i'd), issued at 97-15, stands at 76. The 4 per cent, stock of 1901, issued at 98*50, stands at 75. The 3^ per cent, stock of 1894, issued at 9475, stands at 68"50. The 3 per cent, stock of 1890, issued at 92*30, stands at 61*80, etc. On the six Russian stocks that we have cited, the average loss is thus about 24 per cent. , or nearly one-fourth ; but many French capitalists were not a...ble to buy at the price of issue. After issue the Russian funds were quoted at very high rates. Calculated on these rates, the loss of the public is considerably greater. If I reckon the Russian funds placed in France at ^560, 000, 000, the loss in saved capital is already ^120, 000, 000 to ^160, 000, 000. (See Contre Pol'tgarchie finanaere en France^ by "Lysis, " 5th ed. , Paris, 1908. ) The losses of the Russian people are still more stupendous, the loans being almost invariably employed to unproductive ends.
What to read after Modern Russia?
You can find similar books in the "Read Also" column, or choose other free books by Grigorii Aleksinskii to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The 4 per cent, stock of 1893 (the 5th), issued at 97'25, stands at 75. The 4 per cent. Consolidated Loan (the 3i'd), issued at 97-15, stands at 76. The 4 per cent, stock of 1901, issued at 98*50, stands at 75. The 3^ per cent, stock of 1894, issued at 9475, stands at 68"50. The 3 per cent, stock of 1890, issued at 92*30, stands at 61*80, etc. On the six Russian stocks that we have cited, the average loss is thus about 24 per cent. , or nearly one-fourth ; but many French capitalists were not a...ble to buy at the price of issue. After issue the Russian funds were quoted at very high rates. Calculated on these rates, the loss of the public is considerably greater. If I reckon the Russian funds placed in France at ^560, 000, 000, the loss in saved capital is already ^120, 000, 000 to ^160, 000, 000. (See Contre Pol'tgarchie finanaere en France^ by "Lysis, " 5th ed. , Paris, 1908. ) The losses of the Russian people are still more stupendous, the loans being almost invariably employed to unproductive ends.
What to read after Modern Russia?
You can find similar books in the "Read Also" column, or choose other free books by Grigorii Aleksinskii to read onlineMoreLess
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