Kokovtsov was admitted as a candidate for a civil service position in the
Imperial Ministry of Justice serving first in the statistical, then the legislative and finally in the criminal office. From 1879 to 1890 he served as Senior Inspector and Assistant Head of the Central Administration of Prisons. This period is noted for its prison reforms formulated by State Secretary K.K. Grot, a senior member of the
Imperial State Council. From 1890 to 1896, he served in the State Council as Assistant State Secretary, State Secretary and finally as Assistant Imperial Secretary where he worked primarily on matters reviewed by the Russian Imperial State Council's Department of State Economy. From 1896 to 1902, he served in one of the three Assistant Minister of Finance positions under
Sergei Witte. After resigning from the position, he served as Imperial Secretary until his appointment as
Minister of Finance in 1904. He resigned the following year, when his former superior in the Finance Ministry, Witte, assumed the
Chairmanship of the
Council of Ministers. Although not a minister, he then played a substantial role in securing a loan that did nothing less than keep the imperial government from having to devalue its currency and leave the
gold standard, then the basis of almost all financially stable, secure and modern countries. Kokovtsov returned as Minister of Finance in the cabinets of
Ivan Goremykin (1906) and
Peter Stolypin (1906–11). Kokovstov was an anti-Semite who believed the problem with Jews was not their 'backwardness' but the fact that they were 'so clever'. Kokovtsov succeeded Stolypin as Chairman of the Council of Ministers after Stolypin's assassination in 1911, while also maintaining his post as Minister of Finance, and held both offices until his retirement in 1914. Kokovtsov opposed to the appointment of
Alexei Khvostov. In 1912, Kokovtsov asked the
tsar to authorize
Grigori Rasputin's exile to
Tobolsk. Nicholas refused: "I know Rasputin too well to believe all the tittle-tattle about him." Kokovtsov had offered Rasputin a substantial amount of money to leave for Siberia and ordered the newspapers not to mention his name in connection with the Empress. The tsar dismissed Kokovtsov on 29 January 1914 for a "lack of control over the press". portrait by
Auguste Léon, 1927 In domestic policy, Kokovtsov's time as prime minister saw the passage of two laws in 1912 that provided accident and sickness insurance to about 20% of workers. ==Retirement and later life==