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86 the bare means of livelihood. In this fashion they lower, to a considerable extent, the capitalist's profits, a circumstance which cannot fail to irritate the Gentile capitalists. Consequently, all this comes to competition of capital, and it is significant that the fiercest anti-Semitic outcries come from the capitalistic classes. Let us not forget that the early pogroms at Odessa were caused by the agitation of the Greek merchants who feared for their commercial ascendency.

What has been said so far demonstrates with sufficient clearness that the anti-Semitic economic policy is detrimental to the economic organism of Russia as a whole. The true interests of our country demand that Jewish labour and Jewish means should be given complete freedom of application. Russia will only gain from such a change of policy toward the Jews. Anti-Semitism, from the economic standpoint, is nothing but a tremendous waste of the country's productive powers.

Here is another aspect of the question. Whether the Jews as a race are to one's liking or not, is a question of individual taste, the solution of which cannot be allowed to