The Archive · 1902

Opposition to Reform

Only a short time ago I wrote that the new ten-cash coins had at last reached this city, and that they were proving a very great convenience. It appeared that reform, although on a small scale, was actunlly_ beginning, and that along a' line where it is most urgently needed, "viz: currency. But alas, it seems that we are doomed to disappointment once again! The pawnshops now accept only two hundred to the thousand; the remaining eight bundyed must be paid in the old coin. The effect of this, of course, is to give a depreciated value to the new coin, and so the shops receive a higher price for goods if paid in the new coin. All this is the work of the money-shops, so Lam told, as the circulation of the new coin is interfering seriously with that of their bills, and it is impossible to use short count or small cas! shen, the new coin is circulated. Is this nota fair sample of the reforms which may be pected to come from within? The indications are surely in that direction.

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

Your account