With particular reference to the silver-coins there is no economic law or any artificial' outside agency that will prevent long run a further fall as long way is open to the mints to issue debased coins and to repurchase coins, which, through the successful market ing of a sufficient number of still more debased coins, have become over-valued. "The present exchange rate of subsidiary silver-coins being adjusted to the 9th year's coins of a fineness of round 670, al regular 7th, 8th and 10th year's 20-cent coins, have a higher intrinsic value' than exchange value, as will be seen from the following table:—
Lowert Actual Under Tonle, Fines theorem average or Overness, theal ex: eireulat- value in change. ing rate. per cent. oe 613.0 "180180 8268 179 "18024 127-190} 2 817170180 28
Text read from the printed page and cleaned; old type leaves the occasional error.