Aaron L. Scheinmann, economist and financier, who is now on a visit to New York in the interests of Soviet financial projects, was removed from his posts as director of the Soviet State Bank, Vice-Commissar of Finance and member of the Council of Labor Defense.
Announcement of the dismissal of Mr. Scheinmann was made in the Soviet press without any explanation as to the reason.
Mr. Scheinmann came to New York at the beginning of the Winter as a member of the Soviet Government Mission to promote certain Soviet financial projects. It was stated that his specific purpose was to interest American automobile manufacturers to establish factories in Russia.
There were two versions current for the Soviet government action, one, that it was a punitive measure for the failure of his mission in New York. The second version has it that it is the result of a disagreement on policy, Mr. Scheinmann having been opposed to the increase of Soviet paper notes in the amount of a quarter of a billion roubles.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
