This paper is an attempt to explain why Russell abandoned the ontology of propositions, mind-independent complex entities that are possible objects of judgements. I argue that he did so not because of any decisive argument but because he found it better to endorse the existential account of truth, according to which a judgement is true if and only if there exists (or in his view subsists) a corresponding fact. In order to endorse this account, he had examined various theories of judgement before he adopted the multiple-relation theory of judgement, the most feasible way he then had of espousing it. I also attempt to explain why he preferred the existential account of truth.
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