Vernicious Process Which Has Now Reached Logical Outcome: Need for a Local Currency The present outery against the chasement of small coins in cir culation in Shanghai may be taken tus an indication that ube nuisance has ubout reached "its limit. The nt_ stage ig the logical outcome process which has been going slowly for some few years, re: sulting in the domination of' the local currency by small coins of the exclusion the depreciation was slight, but it! was profitable and increasingly Iutrative production ed to. further chasement, the seress weight being maintained' bur with a. gradually diminishing amount of silver. Such depreciation being common to China, where there is no. legal tender, the new issues were tolerated a they appeared,
Text read from the printed page and cleaned; old type leaves the occasional error.