Samuel R. Rosoff, New York subway contractor, declined a contract to build a subway and waterworks in Moscow, he stated Friday on his return from Russia on the steamer Berengaria.
“I declined the contract because the conditions were impossible from my point of view. The Soviet officials were very friendly to me and went out of their way to show me the future possibilities for Moscow as the industrial center of Europe, but they did not show me where the capital was coming from to make it so. The conditions of the contract were that I was to find $100,000,000 in cash and the Soviet was to supply labor and material for the remainder of the $200,000,000 needed. I would accept the contract if the American banks would advance the capital and the United States Government would give permission for an American to build a subway in Russia.
“There is no security in Russia for the $100,000,000 and the Soviet is in a bad way lnancially,” he stated.