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Title: Anarchist overprints by Makhno
Author: Robert Tkhorzhevsky
Date: 1990
Language: en
Topics: money, Ukraine, Makhnovists
Source: Retrieved on 14th April 2022 from a translation of http://www.makhno.ru/st/111.pdf
Notes: Originally published in Russian by the Philately of the USSR.

Robert Tkhorzhevsky

Anarchist overprints by Makhno

Among the more than five thousand types of money and bonds that were

issued on the territory of Ukraine, during the years of the civil war

and military intervention, banknotes with overprints made by anarchists

are known of. There are different opinions about the authenticity of

these overprints till this time among our bonists.

Back in the early 1920s, there was a discussion about the issue of paper

banknotes among anarchists. In the 1922 edition of the journal Caucasian

Collector, the question was directly posed: “Did N. Makhno’s bonds

exist?” In his memoirs, published in the collection Revolution and Civil

War, K. Gerasimenko, for example, argued that “Makhno, through Volin,

put into practice everything that he found necessary, up to and

including the printing of banknotes.” They were not found, although

rumors persisted about their release.

In the 60s, interest in Makhno’s banknotes increased again. This was due

to the fact that in a fairly complete catalog of domestic banknotes by

N. Kardakov, anarchist overprints were described in the section of

Soviet issues as rare and in circulation.

The Alma-Ata collector I. N. Koltyshev even cites overprints by the

anarchist N. Makhno. Five-ruble banknotes issued by the bank of

Rostov-on-Don in 1918 are stamped with red printing ink in four lines:

1 Rev. Ins. Army Ukr.

50 rub.

Huliaipole

1919 N. Makhno

There are overprints in which the word “insurgents” is omitted.

Overprints are known on banknotes in denominations of one ruble of

Tsarist Russia, where, in addition to this text, the head of a man in a

Kubanka (presumably Makhno) is depicted. Overprints affixed to paper

banknotes in denominations of one and five rubles increased the value of

the money by 10 times.

In addition to the above — mercantile ones, there are also curious

anarchist overprints. For example, this: “Hey, chum, stop worrying! The

smart money is on Makhno!” By the way, I. Koltyshev cites a similar

overprint in his study: “as made without the knowledge of Makhno by

individuals from the command staff and only for the sake of curiosity.”

However, the Bonists are interested in the question — are the anarchist

overprints from Southern Ukraine authentic or fake?

As you know, there are no surviving archival documents that would shed

light on this issue. In the declaration adopted by the Makhnovists in

October 1919, there is some information about the attitude towards

money. One of the former theoreticians of anarchism, I. Teper, wrote:

“On the question of how funds will and should be collected for the

implementation of the general tasks of construction (meaning the “free

society of anarchists.” — R.T.), the declaration answers: “Free and

voluntary self-taxation of the working people”, i.e. “money remains old,

new declaration does not recommend printing”.

Until recently, it was believed that Makhno did not print his money “as

it was unnecessary”, because their source — the confiscation of

valuables — “was inexhaustible.” But if the anarchists did not print

them, they could overprint old banknotes for mercantile reasons. They

were aware of the overprints on the bonds of the Freedom Loan, on other

banknotes and surrogates that were in circulation at that time in

Ukraine.

In late September — early November 1919, the Makhnovists, having

captured a huge region of Southern Ukraine, allowed the circulation of

all banknotes: Soviet, Denikin (Don), Petliur, Kerenok, Tsarist and

other local ones.

An eyewitness from Katerynoslav M. Gutman writes: “Makhno did not cancel

any money and took indemnity from both Soviet and Don. However, the

Revolutionary Military Soviet apparently preferred to keep the Don

money, because only Soviet money was distributed to the population.”

The issues of Rostov-on-Don were popularly called the “Don”, banknotes

that had the right to circulate throughout the Don region. Just like in

Soviet Russia all issues of the Central Rada, the Hetmanate and the

Directory were called “Ukrainian” or issues of various Caucasian

governments were called “Caucasian”, etc.

The fact that the Makhnovists kept them at home suggests that it was

this money that they decided to stamp. Moreover, as you know, they are

the note that was most often overprinted by anarchists.

In Katerynoslav there were large stocks of confiscated “Don”, the value

of which fell daily due to inflation. This apparently forced the

anarchists to resort to an already proven method — to stamp them,

raising the cost by 10 times, and obliging the population to accept it

at this rate. Already known to us, I. Teper wrote that “financial

specialist Joseph Emigrant [...] carried out foreign exchange

transactions with such success that the rapid fall of the Soviet

currency did not at all affect the state of the cash desk.” This once

again convinces us that he had to resort at critical moments to the

stamping of the “Don” in order to improve Makhno’s financial situation.

The text of the overprint given by I. Koltyshev is quite plausible. In

various newspapers, leaflets, documents, the Makhnovists called

themselves “Revolutionary Insurgents” or the “Revolutionary Insurgent

Army of Ukraine.”

Why is the village of Huliaipole named in the overprints, and not

another city captured by the Makhnovists? The answer is simple. Makhno

toyed with the idea of creating “autonomy”, and within it a “free order”

with the capital in the village of Huliaipole.

Based on the above, we can conclude: the anarchists did not print money,

since the banknotes themselves were not found. K. Gerasimenko’s

statement that “Makhno, through Volin, put into practice everything

[...] up to and including the printing of banknotes” should be

understood as stamping overprints on old banknotes. Consequently,

overprints of a mercantile nature took place, they are originals, and

not Bonist fakes. Of course, it cannot be denied that there are fakes

among them.

As for the curious overprints, it is difficult to determine who

fabricated them. It is possible that they were made during the civil

war. At the end of 1919, some units of the Red Army, emerging from the

White Guard encirclement, joined the anarchist army. It is quite

possible that, having familiarized themselves with the “orders” in

Makhnovia, some of the commanders of these units, in protest, affixed

quatrains unflattering to Makhno on banknotes, signs borrowed from

Ukrainian folklore.