New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-09-13
4 SERIOUS SILVER PROBLEM.
ENGLISH FINANCIERs AROUSED.
,,ppmlE STATE OF INDIA o' '-'-
FALL IN THE PRICE OF RUPEES.

FALL IN THE PRICE OF kIfth''
icy CABLE TO THE TIIBUNr.l
/,,.,,sc1t, 1856 , North American cable N''cs Co
,.noy SEM. 1.-THE existing tension IN inc
.,.,;ons Of Russia with England. arising from 'he
n,rar;an question gives great acuteness 70 'uo
s-.rc;sl difficulties of the India Government "@ "
.n.s. difficulties we owe the appointment oil roy"'
Commission on the currency. The fall IN sh'ei
.orocs with its consequences, having orougn' '"o
Indian Government within measurable ois'"noo %
q scotastrophe described by competent ooser'o''
England and India the severest In the hiS.o'S -
che Anplo-Indan empire. The warnings gN" ~
s;r James Card the eminent Scotch Lioei"' "NN
famous agricultuIist, who was sent out eie"'
ono 70 ;noure into the financial prospects OF India
snd the causes Of the Indian famine are ho" .oN
uanding attention even from Indian oifciais' Oanu
49,, ,;r,o summed m the Indian situation in these
omrons words: "There are more people every yo''
10 feed from the land which in many parts o' inu'"
aoroo;,c Gradual deterioration" He then poin'eu
ON, that while wages rose at the centres OF inui"
,ndustrv they did not rise in agricultural iioi 'No
result being "the Indian agrcultuIist ge'S 'n0 e"-'
dle ont of tie land that he did in the last geher"ton
Numbers of such people are increasing anu 'n'
condition is becoming every day more ucsPoi"
EIGHT wears of decade have elapsed since tnese woi'
were written and now, thanks in part TO the iau III
.ver the drain from India to England when IN 10
s2O0,000,oOO. " II,
In an important work by Hyndman, which will
.,noor to-morrow. entitled The Bankruptcy OF
Idr If clearly set forth that at the present time
oot oO0 600 reole are living in India on the rro-
drce Of 14s 600 900 acres OF land statement when
shows that India far from beng able with adVah-
,oge 10 herself 10 throw her grain INTO compe''lo" III
England with the grain of tho western S'aces
Of America actually unable to feed her own popua
tion adequately her great and growing grain export
he;ng drawn from her TO meet her vast ana ever III
creasng Liabilities to England and giving no CONNER
.a return TO the Indian people OF any class In 'hs
situation no margin Is LETT whatever Tor increased
,o,oton in India and it is officially announced that
the burdens imposed on the Indian Government by
the Burmese War and by the threatening attitude OF
Rr;a at the present moment cannot be met by taxa
40, The relief expected from the reconciliation OF
silver by England or by an international agreement
cannot. therefore, in the judgment OF men well In
formed on Indian affairs come day TOO soon 10
mitigate the pressure which is beginning to exasper
ate the Indian population and which threatens the
fabric of British dominion more seriously than any
thing since the outbreak OF the matiny OF 1897.
Nayroi the ablest living Parsee inancer OF India
is now in London brought hither by the strngenoy Oh
the existing situation to urge upon the lmpera oo'
,rnrnent the importance of action by his elaborate
calculations he shows that the Vaiue VI tuo piouo
OF the Punlaub one of the most fertile provinces In
India is at the outside twenty rupees, or Slo OF our
money per head per annum. These figures tel 'nen
own tale which is further illustrated oy the s'a'e
men that while the price OF grain in our own
Southern States on which the tree negro aborer is fed
l. the same as that of the Indian laborer the average
wape of the negro laborer in the South eight times
that of the Indian laborer. Lord Rosebery. who Is
going 10 India In October informed The TRIBUNE
representative yesterday of his intention 10 make
personal investigation into these conditions OF the
Indian problem which, in the language OF Robert
Giiien, head statisticiln of the Board of Trade
makes the solution increasingly dangerous The facts
cited show the importance OF this problem to our own
wheat growers OF the West, the enforced export o'
Indian wheat to England having been the leaaihg
factor during the last four years In the fal oi prices
which has so njuriously affected the great west