, 1881-03-21

Frf tItnF1
su much 80 Tint. Without rnrstnr If, cnnt trne.
tion Win fasts, hnolss coHid DO kept ii rupees
to rupees. '' ~ " '"'""' ''''''" 's'"'"0" ~
For innuifoll reasons, needless to un.tu,croto
hero, tho lmlnn Treasury i,As usery yvi.r 10 my
s @ sxatio s s Fo ths .op rs i asri1 sis
aS sSsrX S;ns wfss 1t Ioaon b' on dOay' ca'sasta'
Al tho tno af tho pnr stIctntctl by tho t5.S,
hills from, London on Indl'l for i'd millions ot
sterling. Nuw TINT tho Utr t1ns ilIEul,pcaretl
tDctu,,sr Frcnch bnetmltls,n h,Is Itself tiIsAi,.
pcArcl. who Gnn suy hOw i,nny rupees aro tn.
anIrcti 10 o0taIn thosu II mt.ons )? For dix years
the rupee hns scell nlnny rates. but nll ycry low.
At thla npnr,,t It IL III tr IA per cent hel0w tho
VI pur cent? Tic fNii has Itself no sixty. 10
Instead 0r rxpcI,dl,K l7D millions 0f rupcoa n
yGMs n y 1gef nas ne MI II s1srg M me r1. IL.
aye lDa millions ur 1imlls!nns extrn. This makes
4 alx Years 4 cnl'!tat of $50 ,nlllous Of rupees
rlIau fuwnr txes and seEi Tower b!llA Tho IOn,,s
rolIcve tho cxchequur fur tho tilnc, but they
a' sS u s,ese &C. MD 9 @
81 ss what c"Ile to aa ~ rie
mentioned. mud which 1t costs 50 m.Icl, 10 nb,un
u!nea tho iutl In ratios Of !gxc.nnKe induced Gy
Tho uty p"nrs cpe 81 of 9o inau ontcc
They nllc9e TINT Ii does not kn0w h0w to sell is
bills on 1naln tn ndynntMEc. 4 strange com.
III
.ply md tutnMnd? Tho Indnn uI!Ico ts always
supplying; 1t dues not depend IN It to create tho
NJ art,t,co Will nvaf,. 10 prevent tho tall In
cxchnngc. and to Hut rid Or the. fall which Is
entaIitsE 10 1nurh suffering, tho oil par must bo
c0vcrc,l unty by putting ngnn Into operation
hlniotaIItsm ut 15!i. Tho lntllnh TREASURY VIII
t,ees 10 uituin tho Ei7 U,tIO storliiy. Tho ilu~
yet Will thul no lnpHer include tli1t tvrrIblo
item: loss on exct,uixe, Ii millions tft,ss on
kktnr Is A.tr
by tne disappearance tf tho oli French p,lr at
15M: Wh!t Gonfesslnn!) -.
e d9 4b not the 9my sser r.
tue United Kingdom. They mn.lutMcl,iro, thoy
buy, thny cxtN'rt, but whit will tho. rupee be
They do nut Know. Tho risk they incur uu tho
ynlue Of tho money to bcrccelvetI is lntoerubo.
fi pes ssssse Hv niverss sIanSG a,'d pormnnco,
b!nlctaEllc rur Of cxrha,Ka which made guild
Ind silver single money. Tho itluttumctnlllsts
tlllced 10 tho scMi .burbarois stntu st hnvng he
tween tlio'n nnlthcr one melNl which s Gom-
MtiaIa",ics @ W goli % a.la d. silver Tito Il M slnSlo
m9ncy:
thut DaIui'Sics' sword is Suspended over hor,S
suspended by IL thrend which n,,ky SNIP nt any
n,oinent. II tlurends on tho Bllnd DIii. Ii tho
S Ias y sf q i Hyr
lIgcoino every uuuttl tltsppsube In tho United
s,s'Ss sas'y waFss thYp ss6s oy wv assS; ,Ss
beng converted, rs Ut i,rusunt, Into uncxpnrtu.
bl9 aollnrs. -
goul tlnrkct, tho cxtr,ctiun Of silver will bo
nband,j,Icti. No; gold u,ll silver issue together
fruln AMERICAN mines. Production Ia Itme-
lnllc, ant tho HOtl rOtilt! fuljces utmost ntOno
IT, cover tue expense Of ,,ia!nx. Silver VIII 10
ii1 ,.ut tr.tst, cl,hor To tho thoory Of supply
silver. VIII Ii'su har poweror absorption und ru::
legal tender In ASH, like HDtsl III E.tr0pe. When,
nfer lH, taiY M,'nua! production Of gold trlplcd
1nywhercY lid not thuee Hoods OF California
an Australian rol,l ontrr Of fuIi right into cir.
su!a.ion l,sesss @ or tho Ivy q supply ana &C.
a1,d Without whiting fur tho permission OF esun.
otntstsf Whoever possesses ii n,tnntlty Of tho
Oyer Or sell II: scll It for whni7 for money? lint
Is not tho nctni issclt nonryY Tho owner Of
tho metal goes therefore straight to tho Mint,
mud the Mint Is never shit UP; it uoIna incoa-
sanity; Efnrllu tn,0. Tho mines issue gold
rnomcy mud silver money: i Europe and tho
United Statcs aro forced Without itermssun
tunusurb All thu gosd money, Assn Is clunlty
forced without tntcrmissIon TO absorb All tho
srSe ,e anias -, st,vor cro.,o, III, ,ho oor,,,,,
Government nru not forgutton. Tboy made tho
pa M VS. s uS stos sxst Wsq 81 1Sa I'D
ouurit,io1 ii Ginu,uIlisl, init tllcsU sales avu
celsch. Tho monthly sAto ot 2.yO0 UU 0lnces-
Giii siups worklng-sw ccasc Whit twill vii
thon he tho rate Of tho Indian cxehangc4
,erriGs: ap l,u,. It Il co,Iscred H Cd that tl,o
whuu ovit would tu renuvcd * England, ut lust
recognizing whit Frenui, bluntn did fur her,
s n np u ~ Gu1 1os ,np G hMp
IN lit top .a ~ Iloctas3 i 'No '4'a''s' ""' p''s'S'
Tho prUnulYatiOn Of tho binutalltc law would
preduce 70 visfGle effect on tic i.onctary elfc.
lat,on Of Eng!uild. The bars Of silver would bo
In