the Editor of the Nonsa-Cumva Datty News, Sm,—It is with the groatest diffidence that I write on this subj ch an authority as Mr. Moreton Frewon was writing og and wished to point out that the silver in the ud they gain.
Tt is true, as Mr. Frewer ays, that "we are bonusing the import of commodities, auch as wheat, from India and we ro taxing as' it were our exports (Mf iter cottons) to But as thi of. Indi produces more than she w: of which she p"ya her debt to the balance of which sla sell for procivus metals, chiefly silver, began that is th ud the lower silver falls, the more producoIndia will export and the richer she will become. The cooli gr employ:
whom then does the lo ently on Lancashire and Yorkshire, and the Indian Government, the natural laws of trade will eventually adjust matters with regard to the former with regard to the loss to the Indian Government, I ventured to suggest a heavy tax on the import of gold. Gold in 1 is entirely an article of luxury; it only used for ornament Jory, and a large quantity is hoarded by the native Princes. A heavy tax on the import would have three results: it would produce a revenue, it would check the consumption, and it' would stimulate gold mining in India; all three, in my opinion, very desirable objects.
Yours traly, courage the sale of the supposed large hoards in the countes, with the ulti object of chesponing that mecal to he world.
Cheap silver must necessarily enhance the value of gold, in proportion, without aid of taxation, and it must thus work gold being now 203 pa and exchange 4s. 8d. d 196 with exchange 1d, You migi rument to clothe a with Tle, 4 object of keeping up the price of piece gonds in the face of a large supply. at the root of the apply is in legislation in the world can have but a porary effect, American cease to supply suc liver in proportion be only brought about by the reduc-value of silver to ® point that will cause many to clos.
Yours, 5th October ROYAL TRADEKS, To the Editor of the
Text read from the printed page and cleaned; old type leaves the occasional error.