circulation a very considerable amount of the paper money, and thus, by decreasing the amount of paper money in circulation, raise very perceptibly its exchange value.
The unprecedented war, in which Russia is now engaged, requires the utmost straining of all the resources of the country. And the financial resources are not the least important; perhaps, just the contrary. Over a century ago, one of the world's greatest military leaders, Napoleon, recognized the importance of finance in modern wars when he said: "The three things that are most needed in war are money, money, and still more money." The leaders of to-day realize the truth of this aphorism, and are straining their utmost strength to provide this vis vitae of war, without which success is impossible.
