been said to me in Stockholm by an Englishman
who was both one and the other; namely, that,
being isolated from European finance, the Soviet
Government of Russia was bound to come to an
end on economic and financial grounds alone.

He said: "That would certainly be so, if ris-
ing prices, rising wages, were to mean indefinitely
increased demands on the printing machines for
paper money. But, while we are at present forced
to print more and more money, another process
is at work which, in the long run, will bring this
state of things to an end. Just as in our dealings
with other countries we exchange goods instead of
paying in money, so within our own frontiers
money is ceasing to be the sole medium of ex-
change. Gradually the workmen are coming to
receive more and more in other forms than money.
Houses, for example, lighting and heating are
only a beginning. These things being state mo-
nopolies, the task of supplying the workman's
needs without the use of money is comparatively
easy. The chief difficulty is, of course, food sup-
plies, which depend on our ability to keep up an
exchange of goods with the villages. If we can

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