The Archive · 1896

BIMETALLISM

_For some. time copper cash has been rising in value and silver has been getting cheaper and cheaper. The authorities base decided to stop this and have issued a proclamation fixing the value of a string cash at "73 taels. In consequence of this, the cash shops have taken down their signboards, in other words gone on strike. A Chinese friend wishing: to change some silver yesterday found the banks closed but on going in by a side door: was told that asa friend, but not in the way of business, they would change for his at the old rate of exchange "821. If the proclamation is not soon withdrawn there will be great scarcity of money and the fear of disturbance may cause the authorities to refrain from experiments in bimetallism. Tam informed that no cash is allowed to be taken out of the province and that even between fu and fu cash is no longer allowed to be transferred. The effect of such mea sures upon trade is not hard to foresee.

Text read from the printed page and cleaned; old type leaves the occasional error.

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