The Case of the Debt to Anna Ivanovna Umnova. An Episode in the Financial History of Bolshevism (1907–1910)
https://doi.org/10.18288/1994-5124-2023-2-118-133
Abstract
During the years in emigration that followed the abortive revolution of 1905 and the political repression that accelerated during 1907, the Bolshevik and Menshevik fractions of the RSDRP experienced chronic financial difficulties. Subscriptions became an unreliable source of income and the fractions would attempt to maintain solvency by, inter alia, obtaining donations and loans from benefactors. In June 1907 the notorious robbery at the Tiflis State Bank made for a temporary improvement in the finances of the Bolsheviks, as did the bequest of Nikolay Pavlovich Shmit, income from which was acquired during the years 1908–1911. During the “Meeting of the Expanded Editorial Board of Proletariy” of 21–30 June 1909, a Conflict Commission considered the matter of a loan that had been granted to the Bolshevik Centre in 1907 by Anna Ivanovna Umnova through the agency of Leonid Krasin, and recommended that the loan should be repaid. However, schism in the Bolshevik fraction delayed full repayment until 1910, when the debt was redeemed not by the “Left Bolsheviks” or by the Lenin group, but by the Foreign Bureau (ZBTsK) of a temporarily “united” RSDRP. The case of Umnova provides insight into how the Bolsheviks managed their finances; helps to explain the breakdown in relations between Krasin and Lenin; and illustrates the extent to which Lenin was prepared to disregard collective decision making.
About the Author
John Biggart
University of East Anglia
United Kingdom
United Kingdom
John Biggart, PhD,
Norwich Research Park, Norwich, Norfolk, NR4 7TJ, UK.
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Review
For citations:
Biggart J. The Case of the Debt to Anna Ivanovna Umnova. An Episode in the Financial History of Bolshevism (1907–1910). Economic Policy. 2023;18(2):118-133. (In Russ.) https://doi.org/10.18288/1994-5124-2023-2-118-133
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