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Russia’s Increased National Savings

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Review and Herald Publishing Association · Takoma Park Station, Washington, D. C. · Feb 18, 1915

FromReview and Herald, Vol. 92, No. 9.

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Russia’s Increased National Savings

M. KHARITONOFF, comptroller of the Russian treasury, speaking before the Duma budget committee on January 25, declared that owing to the great increase in the national savings, due to prohibition, the extraordinary outlay occasioned by the war had caused no great suffering as yet in Russia. As proof of this, M. Kharitonoff said the national savings in December, 1913, which amounted to 700,000 rubles ($350,000), had increased to 29,100,000 rubles ($14,550,000) in December, 1914. He added that the total savings for 1913 amounted to 34,000,000 rubles ($17,000,000), as compared with 84,000,000 rubles ($42,000,000) for 1914.