V. I. Lenin

Source: en:CW/CW45; ru:PSS/v52;es:MT
Translated: machine translation (DeepSeek) from the Russian; AI-translated.

27/III.

Comrade Preobrazhensky!

I hear that the “co-operative” circles, headed by Prokopovich, Kuskova and Co., want to propose to the government:
We will restore your currency if you allow us to issue bonds secured by our (the co-operatives’) commodity fund.

This is ridiculous, for it is tantamount to the capitalists’ proposal: We will restore your currency if you give us the commodity fund.

But it is not only ridiculous; it also emphasises the crux of the matter: it is precisely now, at the time of the introduction of the tax in kind and exchange (for grain), that we must systematically begin to prepare

the “rehabilitation” of the currency by issuing bonds secured by commodities (the commodity fund, grain fund, etc.).

We must not delay this. It must be thought out, prepared and started, without waiting for the decision on the question of silver.

Have you raised this for your commission and in it? 173
Drop me a line tomorrow (28th) by 11 a.m.

We shall appoint you a member of the Board of the People’s Commissariat for Finance. It will not take much of your time, but will link you up with the People’s Commissariat for Finance. 174

Pay attention to Falkner (his; the brother of “her”*). Would he not be more suitable for us and for the job?

With Communist greetings, Lenin