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Finance and Credit
 

Field treasury of the Russian Army

Vol. 22, Iss. 38, OCTOBER 2016

PDF  Article PDF Version

Received: 10 March 2016

Received in revised form: 19 September 2016

Accepted: 3 October 2016

Available online: 22 October 2016

Subject Heading: CHAPTER OF HISTORY

JEL Classification: E62

Pages: 47-60

Korechkov Yu.V. International Academy of Business and New Technologies, Yaroslavl, Russian Federation
koryv@mail.ru

Subject The article addresses field treasuries of the Russian army.
Objectives The purpose of the study is to explore the history of field treasuries of the Russian army.
Methods The study employs historical, statistical methods and economic analysis.
Results I investigated the history of field treasuries that operated during the Russo-Turkish War (1877–1878), Russo-Japanese War (1904–1905) and World War I. The paper unveils the importance of cash support to troops during armed hostilities, shows the role of field treasuries in cash and settlement services rendered to the troops of the combat army in the second half of 19th – early 20th century. It describes the procedure for arranging the field treasuries' activities, supplying troops with paper money, gold and silver, the specifics of field treasuries during the Russo-Japanese War, a mechanism of banking transactions.
Conclusions The article underpins the conclusion on efficient service provided by field treasuries and shows their importance for further development of field institutions of the State Bank of the USSR.

Keywords: money, loan, war, deposit, cash

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