The Archive · 1899

The Cash Question

fs still-acute, but less so than Inst week. The Chamber of Commerce memorialised the Viceroy on the subject and made very definite suggestions (1) Dollars and subsidiary silver coins down to ton cents tobe legal tender at the rate of 1,000 cash to the former.

(2) Abolition of cash on the Railways and compulsory use of silver coinage.

The Chamber suggests that the apprecintion is due to enhanced price of copper and the consequent illegal melting of cash it also hints that hoarding ona large scale is going on. It points out that the authorities of Fengtien some time ago put matters on a stable basis under similar circumstances by measures like these now pro-paved. Iam informed that Ya Lu is eager to obviate the present distress caused by the cash question; his one fear is that unwise meddling will inter the evil. It is pleasatit to chronicle that things seem at present to be getting no worse, though they are bad enough when the dollar exchanges for 790.

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

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