LETTER TO E. A. PREOBRAZHENSKY

Source: LS/v36

[1921]

27/III [1921]
Comrade Preobrazhensky!
They say the 'cooperative' circles, headed by Prokopovich, Kuskovaya and Co., want to propose to the government:
we will restore your currency if you allow us to issue bonds
secured by our (cooperatives')
commodity fund.
This is laughable, for it is equivalent to the capitalists' proposal: we
will restore your currency if you give us a commodity fund.
But this is not only laughable, it also underscores the essence of the matter:
we need preciselynow , at the moment of introducing the natural
tax and exchange (for grain), to begin systematically preparing
the 'recovery' of the currency by issuing bonds secured goods (commodity fund, grain fund,
etc.).
We cannot delay this. This must be thought through, prepared,
and begun, without waiting for the resolution of the silver question.
Have you raised this for your commission and within it? 1
Drop me a line tomorrow (28) by 11 a.m.
We will appoint you a member of the Collegium of the People's Commissariat of Finance (NKFin). It will not take up much
time, but it will connect you with the NKFin.
Pay attention to Falkner 2 (his; brother 'her'3). Wouldn't he come closer to us and the cause?
With communist greetings, Lenin