2 View to the Establishment of a Gold Standard in China By Epwaxp S. Litre, SHaxcuat 1
IME PRESENT rositiox.
The disparity between gold and silver has for many years gradually become more and more pronomiced. It has now become a burning question for those countries whose medium of exchange is silver. It is useless to attempt to revive any scheme of bimetallism. Whatever may be the benefits of such a scheme in theory, the practice of the world has made it to be impossible. The subject may be of academic interest, but it no longer enters into practical politics. This paper is not intended to discuss any theoretical question but aims at immediate action with a view to remedying the present condition of offal Trade has become exceedingly difficult in China owing to the continual and ruinous fall in the value of silver. We are not concerned here whether this is due to the depreciation of silver, to the rise in price of gold, or to any other cause. The fact remains that the price of silver as compared with sterling is very seriously hampering
Text read from the printed page and cleaned; old type leaves the occasional error.