RUSSIA: Doomed?

Sir Henri Wilhelm August Deterding, born Dutch, naturalized Briton, Director General of the Royal Dutch Petroleum Co., delivered himself in Manhattan last week of a biting criticism of the Soviet regime, particularly regarding the condition of the Russian oil fields and their administration.

He recalled that in June 1918 the Bolsheviki confiscated oil fields, refineries, machinery, stocks, assets and even the "trinkets and jewelry belonging to employes." Added he: " "Politically, this is called confiscation; practically, all these objects were stolen, not by representatives of the people, but by a gang who,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!