Tuxbest-known champion of bimetallism in Paris telegraphed out to a friend in Shanghai a mouth ago, when silver was looking very sick again, that the somersaults of which the financial world was complaining only made the arrival of bimetallism more certain, and that "Washington would go ahead." The present excitement in the silver market seems to confirm this prophecy, but there are other and temporary grounds for the rise. The last silver bill has not resulted in expanding the currency in the States, as much ay was expected, and the silver speculators are taking advantage of the stringency to persuade the Secretary of the Treasury to buy up their stock of silver, and are at the same time manipulating the market so as to make him pay a high price for it; while the Secretary prox bably congratulates himself, as he thinks of the late elections, that it is the Democrats who will have to suffer from the deluge which he is helping to prepare, Again, the Eastern banks are all interested in' keeping up the value of silver at least wutil after their half-yearly accounts are made up, leaving unary to look after itself. The perminent price of silver—uutil the States introduce free coinage—seems to depend on the price at which India—which has been so immensely benefited by cheap silver—can keep on her exports, an this apparently can only be determined by experiment, for it depends on the gold prices at home whether India can go on exporting on the scale she has lately attained. If not, she will have to actually remit silver to meet her home indebtedness. These are some of the factors which the merchant has to consider in determining the future value of the tael in English or American cure rency.
Text read from the printed page and cleaned; old type leaves the occasional error.