The Archive · 1925

Flood of Base Dollars

For some years the copper-currency of Hupeh has been disturbed by the importation of base coppers from the two provinces of Hunan and Szechuan. Now, it is announced, the silver currency is also threatened by the introduction of large numbers of base dollars from Kiangsi. It is reported that in the make-up of these dollars, 1,000 ounces of alloy contains 56.95 of base metal. It is said that a certain Chinese bank in Hankow has recently imported 30,000 of these dollars, but that the Bank of Communications intercepted them and sent then straight to the Hupeh 'Mint to be reminted. The Wu-Han 'Merchants' Guilds, together with the Bankers' Association, met two days ago and issued a' circular calling the attention of all local tradesmen to the existence of these debased coins, and ordering them to refuse them whenever offered, The Double-edged Strike Weapon An epidemic of strikes is affieting this city. The custom had guidenty, spread: from "Shanghs able as methods "of extracting workers are finding it applica higher wages from their Chinese employers, and they are not hes ing to vse it. Ten days ago, it war the coffin-makers. After that, i the having their turn, no telling which class of will be the next to gon Indeed; the workers of ye to thank the students Fatting into their hands. a wearen whisk & copaite of infinite

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

Your account