The legendary work of young Rozanov, largely considered incomprehensible, and thematically about meaning, can, rather, be seen as a certain kind of ontologism. After its re-release in 1995, those researchers who familiarized themselves with the text had been known to read the treatise carefully. However, at present, there is no consensus, as to the nature of the ontologism contained in it. Rather, there are radically different interpretations of the treatise and its organization and these range from phenomenology of symbolic thought to the continuation of Aristotelian realism. In the following paper, the author attempts, therefore, to read again the ontological concept of Rozanov and to resolve this conflict of interpretation.