American Notes of the Week
(By Cable)
BRITAIN AND RUSSIA.
The impending visit, of American industrial and banking representatives to Russia, and discussion of the renewed recognition of the Soviet Government by Britain have revived speculation as to the attitude of the United States Administration. While there is not the least official indication that the Administration is contemplating the formal recog- nition of Russia, Britain's course in this direction will be followed with close interest with a view to seeing to what extent recognition, if granted, improves the volume of Anglo- Russian trade, and facilitates the general conduct of business. Without recognition the trade turnover between the United States and Soviet Russia has amounted to over $500,000,000 during the last five years, while 642 Russians received visas for entry into the United States on Soviet business in the same period. It is understood that the published report of President Hoover's Committee on recent economic changes is being translated into Russian, to be the subject of detailed study by Russian economists and industrial authorities. In fact, according to the Soviet representatives in the United States, the report is likely to be much more closely studied in Russia than in the United States. No more fundamental investigation of the economic processes at work in the United States has been made. Its serious study by the Moscow authorities may lead to a modification of the more extreme Communist doctrines as to the methods and causes which lead to the successful conduct of industry.
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