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Nitti, Francesco Saverio, 1868-1953

"Peaceless Europe"

He added at the end that the syndicates of creditors could
utilize the news in telegram No. 355, in which the Swedish Government
gave notice of the trade and put a sequestration on Russian gold sent
to Sweden.
This telegram, better than any speech, shows the diversity of
conception.
The Bolshevik government may be so immoral that we cannot recognize
it until it gives serious guarantees. But if the government of Moscow
sends a little of the gold that remains, or has remained, to buy
goods, what right have we to sequestrate the gold in the interests of
the creditors of the old regime?
The new regime, born after the revolution, can also not recognize the
debts of the old regime and annul them. It is not for that that we
have no relations with it.
We have pushed Germany by absurd demands to ruin her circulation. It
is already at about 100 milliard of marks; if to-morrow it goes to 150
or to 200, it will be necessary to annul it, nearly the same as is
done for bills of exchange. And for this should we not treat with
Germany?
The new plutocratic conception, which marks the policy of a section
of the Entente, is not lasting, and the people have a justifiable
diffidence towards it.


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