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Rh only on the Jewish merchant class but also on the many millions of the non-Jewish population. To isolate the village from the town, the towns of the West and South from the towns and villages of the Centre and the East, is to disturb intentionally the economic life of the country, to undermine credit and depreciate the people's labour."

That is the opinion of the Moscow manufacturers. Well aware of the real needs of the country, and unwilling to sacrifice their commercial interests to anti-humanitarian mottoes, they expressed their fear that the actions of the administration would hinder the realisation of the harvest and that the "stocks of goods would find neither consumers nor buyers nor energetic middlemen to the extent to which they otherwise would have."

The Jewish people has grown to be a living part of Russia's economic organism, and the blows which are directed against the Jews affect in an equal, if not a greater, degree the mass of the aboriginal Russian population. We do not intend to discuss here the Zionistic dreams and aspirations of the Jews. One thing is clear to us, namely, that a complete