The Archive · 1898

The Depreciated Metal

Our exchange of silver into copper cash has been thrown into disorder by the interference of the officials. They hold that there is nothing which is not subject to them if they only be virtuous. Pity that they consider the virtue to be actually existent without effort on their own part and in spite of many actions contrary to it, official order has been issued that exchange shall never go below 1,500 per cent cash per tael. It ought to be much below that just now, but all representations "made by the cash-shops have failed to shake their resolution to fix 1,500 as the minimum. The shops open each day and keep up the ay 8 of obeying the order by announcing 1,501 as the rate, and then refusing business

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

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